Category: Other
RIU to host UK-Sri Lanka Investor Forum for 3rd consecutive year in London
Colombo, Sri Lanka – The Research Intelligence Unit will be hosting its annual edition of RIU Investor Forum on Thursday May 17 2018 at the Sri Lanka High Commission in London, UK.The Forum’s objective is to promote and channel investment into Sri Lanka from among the high net worth individuals (HNI) living overseas while also […]
Fitch assigns Lankaputhra first-time BBB-(lka) rating; outlook positive
Fitch Ratings has assigned Lankaputhra Development Bank Limited (LDB) a National Long-Term Rating of ‘BBB-(lka)’. The Outlook is Positive. KEY RATING DRIVERS LDB’s National Long-Term Rating reflects Fitch’s expectation that the bank would receive extraordinary support from the Sri Lankan sovereign, if required. Fitch believes the sovereign’s propensity to extend support to the bank stems […]
NDB closes 2017 with 41-pct growth in PBT to Rs7.5bn
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this performance, the Chief Executive Officer of the Bank, Mr. Dimantha Seneviratne stated that 2017 has been a highly satisfactory year, during which the Bank stabilized its base, gathered rapid growth momentum and delivered enhanced […]
Sri Lanka: End Year Review 2017 by Oxford Business Group
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2018/02/Oxford-Business-Group-Sri-Lanka-End-Year-Review-2017.pdf” title=”Oxford Business Group – Sri Lanka End Year Review 2017″]
Walkers Colombo Shipyard completes construction of its fourth vessel
Walkers Colombo Shipyard (Private) Limited, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its fourth vessel, a 10 ton bollard pull tug ‘Seagulf 3’.The tug designed and constructed entirely by in-house team of highly skilled naval architects and engineers under the guidance of Dr.Sarath Obeysekera, Managing Director of Walkers Colombo Shipyard […]
‘s HDFC Bank to BBB-(lka), maintains on RWN
Fitch Ratings has downgraded Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’. HDFC Bank’s senior secured and senior unsecured debentures have also been downgraded to ‘BBB-(lka)’ from ‘BBB(lka)’. The ratings are maintained on Rating Watch Negative (RWN). The one-notch downgrade reflects Fitch’s assessment of the weakening […]
Spice Traders welcome ban on re-export of pepper from Sri Lanka
Jan 29, 2018 (LBO) – Spices & Allied Products Producers’ & Traders’ Association said they are happy to learn that President Sirisena has directed the re-export of Pepper from Sri Lanka would be banned from February 10th 2018. Addressing a public rally yesterday, the President said steps will be taken to completely stop the re-export […]
Eurocars launches the Porsche 911 Targa 4 GTS
(PRESS RELEASE) – Eurocars, the official agent of Porsche cars in Sri Lanka officially launched the new 911 Targa 4 GTS recently in the presence of 911 sportscar enthusiasts in Colombo. The 911 Targa 4 GTS is the newest model to be included in the Porsche 911 sportscar range and stands out not only for its […]
‘ government guaranteed bonds at B+
Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘B+’. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as its parent, the Sri Lankan state (B+/Stable), due to the unconditional and irrevocable guarantee provided by the state. The state held 99.5% of SLA at end-2017 […]
Sri Lanka assumes Presidency of Conference on Disarmament
Sri Lanka has called on member states of the Conference on Disarmament (CD) to seek to bring back the necessary attention at the highest political levels to the CD, in order to maintain the integrity and credibility of the Conference, as well as to create forward movement and momentum.Sri Lanka’s Permanent Representative to the UN […]
Oscars 2018: The list of nominees in full
Jan 24, 2018 (LBO) – The nominations for the 90th Academy Awards was announced in Los Angeles, Tuesday with “The Shape of Water” leading list. Guillermo del Toro’s fantasy romance (The Shape of Water) received 13 nominations and World War Two drama Dunkirk lays claim for eight nominations. Meanwhile, Rachel Morrison has made Oscar history […]
World Health Day 2018 to be celebrated in Sri Lanka
Dr. Tedros Adhanom Ghebreyesus, the Director General (DG) of the World Health Organization (WHO) announced today in Geneva during the 142nd Session of the Executive Board of the WHO that the World Health Day 2018 will be celebrated in Sri Lanka. This year’s theme will be the Universal Health Coverage (UHC). The DG congratulating Sri […]