Category: Other
‘s government: Harsha De Silva
Nov 15, 2016 (LBO) – Reconciliation is a priority for Sri Lanka’s unity government and transitional justice is an important aspect of this, Deputy Foreign Minister Harsha de Silva said. “Reconciliation is not a box that can be ticked or a journey that can end as per a timeline. There are no magic portions to […]
PUCSL gets US support to review electricity generation planning
Public Utilities Commission of Sri Lanka kicks off the three day peers review workshop on Sri Lanka’s electricity generation planning, which is the first in a new bilateral partnership between the National Association of regulatory Utility Commissioners (NARUC) and the Public Utilities Commission of Sri Lanka (PUCSL), sponsored by the Bureau of Energy Resources of […]
Commercial Bank’s 9-month post-tax profit crosses Rs 10 billion
(Press Release) Loan book upby Rs 66.4 billionto Rs. 574.5 billion Deposits grow by Rs 86.4 billion to Rs 710.5 billio Assets reach Rs 953.3 billion, up Rs 73.5 billion in 9 months Commercial Bank of Ceylon PLC has reaffirmed its status as one of the strongest-performing entities in Sri Lanka’s financial sector with […]
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(PRESS RELEASE) – Fitch Ratings-Colombo-10 November 2016: Fitch Ratings has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long- Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS SCBSL’s rating reflects the credit profile and financial strength of Standard Chartered Bank (SCB: A+/Stable). The rating is linked with SCB’s Issuer Default Rating […]
Nestlé Lanka’s growth at 6.1-pct in first nine months of 2016
(PRESS RELEASE) Nestlé Lanka’s growth at 6.1 % in first nine months of 2016 Sales of Rs.27.8 billion with 6.1% growth Net Profit ofRs. 3.5 billion Focuses oninnovation and renovation, in line with Nutrition, Health and Wellness agenda Recognized for work done on positively impacting local communities, supporting economic development and deliveringworld class locally manufactured […]
‘s President & PM congratulates US President-elect Donald Trump
My warm congratulations to US president-elect Donald J. Trump on this historic victory. @realDonaldTrump — Maithripala Sirisena (@MaithripalaS) November 9, 2016 Congratulations to President Elect @realDonaldTrump for this historic win. Your path to the White House has indeed been truly remarkable. pic.twitter.com/i7IdH5DyKH— Ranil Wickremesinghe (@RW_SRILANKA) November 9, 2016
Sri Lanka bans cinnamon imports and re-exports
Nov 09, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to list Cinnamon as a banned commodity to import from other parts of the world. The move came after few incidents that Cinnamon produced in other countries re-exported to several countries under the Entrepot trade. Ministry of Primary Industries said as per the […]
Interview: Strength of potential partners key to LNG negotiations, says PRDS DG
Nov 08, 2016 (LBO) – The reputation and financial strength of potential partners is key to developing Sri Lanka’s LNG infrastructure, according to the head of the Petroleum Resources Development Secretariat (PRDS). “Introducing a new energy form of LNG and building up end-user dependency on it requires a low-risk approach to supply assurance,” Saliya Wickramasuriya, […]
What you need to know when transferring funds in and out of Sri Lanka – RIU
(PRESS RELEASE) During a recent RIU (Research Intelligence Unit) Investor forum in London, it was found that the number one cause of both confusion and concern amongst non-resident Sri Lankans (NRSL) was the perceived lack of clarity on how funds can be channeled in and out of Sri Lanka from the U.K and other parts […]
PwC Sri Lanka powers ambitious young entrepreneurs at CIMA Launch Pad
PwC Sri Lanka has extended its expertise for the benefit of aspiring young entrepreneurs in the country, to help them realize their ambitious goals, and ensure their startups achieve sustainable long term success. During a knowledge sharing session at the CIMA Launch Pad workshop on October 29, 2016, subject experts from PwC Sri Lanka shared […]
Trump secures U.S. presidential election: report
Nov 09, 2016 (LBO) – Donald Trump will become the 45th US president after beating Democrat candidate Hillary Clinton, foreign media reports said. The battlegrounds of Florida, Ohio and North Carolina cleared the way for Trump to beat favored Clinton, the Associated Press news agency reported. “I just received a call from Secretary Clinton. She congratulated us […]
Hayleys PLC profits down due to Rs.459Mn, Tea and Rubber losses
(PRESS RELEASE) – (November, 07, 2016): Sri Lanka’s leading diversified conglomerate, Hayleys PLC recorded a sharp increase of 18% Year-on-Year (YOY) increase in revenue, with growth in Construction, Agriculture, and Hand Protection sectors supporting the Group to post revenue in excess of Rs. 52 billion by the end of the first half of 2016 (1H16). […]