Category: Other
CA Sri Lanka to partner SAFA and World Bank to host regional seminar on public sector financial reporting
(PRESS RELEASE) -The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, will host a high profile regional seminar in November, to help stimulate thinking on how South Asia can take financial reporting practices to the next level. Organised by the South Asian Federation of Accountants (SAFA), World Bank […]
Fitch rates Bank of Ceylon subordinated debt AA(lka)(EXP)
Fitch Ratings has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed subordinated debentures of up to LKR8bn an expected National Long-Term Rating of ‘AA(lka)(EXP)’. The debentures, which are to have tenors of five and eight years and carry fixed and floating coupons, are to be listed on the Colombo Stock Exchange. BOC expects to use the […]
‘s Green University opened in Homagama
Oct 27, 2016 (LBO) – The National School of Business Management’s (NSBM) Green University in Pitipana, Homagama was declared open by President Maithripala Sirisena on Wednesday. This is the first university in the South Asian region built to be sustainable and eco-friendly, according to the university. The NSBM Green University comprises auditoriums, computer laboratories, a […]
‘s Marxist JVP protest against VAT
The Marxist JVP today held a protest demonstration against the VAT amendment bill demanding the government to withdraw the Value Added Tax that burdens people. The party further charged that the allocation for education has been cut down while slashing the reliefs to people.
‘s Leasing senior debt final AA-(lka)
Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, AA-(lka)/Stable) senior debentures of up to LKR8bn a final National Long-Term Rating of ‘AA-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received. The final rating is the same as the assigned expected rating on 7 September […]
Dusit Thani Sri Lanka promote real estate invetment in Australia
Colombo, 25 October 2016 – Dusit Thani Sri Lanka, Beachfront Balapitiya recently hosted ‘Australia Showcase 2016’ for Sri Lankan-Aus society crème de la crème, in Melbourne to meet the immense interest received from both expats and locals alike in Australia. The simple early-evening event, which received 80 attendees was hosted exclusively for The Beachfront apartments […]
Listed debenture of HNB oversubscribed
Oct 25, 2016 (LBO) – The listed debenture issue of Hatton National Bank PLC was oversubscribed during the early hours of the opening day, the Colombo Stock Exchange said. The debenture issue of HNB was for 5 billion rupees with a option to go up to 6 billion rupees and was rated A+ (lka) by […]
Malaysia’s MINDA & CA Sri Lanka to build high performing directors
In an effort to enhance the effectiveness of directors in the region, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has joined hands with the Malaysian Directors Academy ‘MINDA’ to offer directors both in Sri Lanka and also in the region unique tailor made courses to help them become high performing directors. […]
Lamudi: Why invest in real estate in Sri Lanka?
Now is the age of real estate investment in emerging markets. Why? Because development in emerging markets is happening faster than ever before. From unprecedented urbanisation and rapid internet penetration movement to the promise of policy changes, investors are being encouraged on a global scale. Sri Lanka is a prime example of a country whose […]
Sri Lanka – China Business Council elected new President
The Annual General Meeting (AGM) of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce (CCC) was held recently at Hilton Colombo Residences electing Mr. Lasantha Wickremesooriya as the President. The Chief Guest of the event was the Ambassador of the People’s Republic of China, H. E. Yi Xianliang. Addressing […]
Restoring normalcy in Sri Lanka north vital after shooting: NPC
Oct 25, 2016 (LBO) – Restoring normalcy in the north of Sri Lanka is of utmost importance after two students were shot dead at a police checkpoint, which triggered public protests, a civil society organization said. “The importance of restoring normalcy to the North has become evident in the aftermath of the fatal shooting incident […]
Indian Foreign Secretary discusses progress of Indian projects in Sri Lanka
Secretary to the Ministry of External Affairs of India Dr. S. Jaishankar, called on the Minister of Foreign of Affairs Mangala Samaraweera, yesterday (24), at the Foreign Ministry. The Indian Foreign Secretary and the Minister discussed the progress of Indian projects in Sri Lanka.