Category: Other
SriLankan Airlines wins two awards for HR Practices & CSR
Press Release: SriLankan Airlines (www.srilankan.com) enhanced its position of prominence in South Asia’s corporate sector by winning two prestigious accolades for Human Resources Practices and Corporate Social Responsibility at the Sri Lanka Best Employer Brand Awards and the South Asian Partnership Summit & Business Awards 2016 (SAPS) of the World HRD Congress respectively. Colonel Sunil […]
SEC launches “Isura” TV series to raise investor awareness
The Securities and Exchange Commission of Sri Lanka (SEC) in association with Sirasa TV has begun a television series on the capital market titled “Isura.” The global financial landscape is continuously evolving and investment products are becoming increasingly complex. A greater understanding of key financial concepts is required on the part of retail investors to […]
UN to look at innovative development, policy support in Sri Lanka
Oct 24, 2016 (LBO) – United Nations resident coordinator Una McCauley says the United Nations needs to move away from immediate humanitarian engagements into more developmental and policy support. This year marks 71 years since the United Nations was formed and 61 years since Sri Lanka became a member state of the UN. Celebrating the […]
JVP backed Youth Association lodges complain against Sajith Premadasa
JVP backed Socialist Youth Association today lodged a compliant against Housing and Construction Minister Sajith Premadasa at Bribery Commission over a controversial video leaked to social media. The association charged Deputy Leader of UNP for his conduct and said he is using ministry vacancies for his personal gain which is against the law. The association […]
Issues of fisherfolk affected by Colombo Financial City to be discussed
Oct 24, 2016 (LBO) – Sri Lanka’s Ministry of Megapolis has appointed a committee to look into the grievances being voiced by the fishing community due to the construction of the proposed Colombo Financial Center, previously called the Colombo Port City. The ten member committee will comprise five fishermen from the area and five personal […]
We value UN work in Sri Lanka: Mangala at 71st UN Day
This year marks 71 years since the United Nations was established. Following the one-year ’70-60 Campaign’ under the tagline ‘Our UN. අපේ UN. எங்கள் UN.’ (‘Our UN. Apey UN. Engal UN.’), the 2017 UN Day was held at the UN Compound to celebrate all international and national staff of the UN Agencies in Sri Lanka […]
Hutch hosts Group Roaming Conference in Sri Lanka
(PRESS RELEASE) – Group Global Roaming Conference where representatives from Hutchison mobile companies in United Kingdom, Europe and Asia were present to discuss way forward roaming strategy and collective initiatives. As global roaming rates remain to be a hot topic amongst overseas travelers around the globe, discussions at the conference ensued on the application of […]
First blockchain trade in cotton from Texas to China
Oct 24, 2016 (LBO) – Australia’s Commonwealth Bank and Wells Fargo have used blockchain, the technology behind the digital currency bitcoin that can secure financial transactions, in the first global trade transaction involving a shipment of cotton. The shipment of cotton was from Texas to Qingdao in China — the trade involved an open account […]
‘s proposed debenture BBB+(lka)(EXP)
Fitch Ratings has assigned Abans PLC’s (Abans; BBB+(lka)/Stable) proposed senior unsecured debenture issue of up to LKR1.5bn a National Long-Term Rating of ‘BBB+(lka)(EXP)’. The debentures will have tenors of three, four and five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange, with the proceeds to […]
Sri Lanka to issue gazette reducing essential drug prices today
Oct 21, 2016 (LBO) – The special gazette notification announcing the price reduction of 48 essential medical drugs will be issued midnight today, Health Minister Rajitha Senaratne said. Senaratne said that the prices of drugs will be reduced up to 85 percent through this gazette notification. The 48 essential medicines include those used in the […]
‘s proposed debenture issue A-(lka)(EXP)
Fitch Ratings has assigned Singer (Sri Lanka) PLC’s (Singer;A-(lka)/Stable) proposed senior unsecured debenture issue of up to LKR4bn a National Long-Term Rating of ‘A-(lka)(EXP)’. The debenture is to be issued at a fixed rate with a tenor of three years. The proceeds of the proposed issue will be used to refinance existing debt. Singer’s proposed […]
Opinion: Is electricity from Norachcholai coal power plant cheap?
By Vidhura Ralapanawe CEB (and the CEBEU) has been touting a cost of 5-6 Rupees for Norachcholai, saying that it is cheap. PUCSL approves the CEB’s bulk supply tariff every six months, and based on the last such approval, the fuel cost is Rs 5.75/kWh (based on a USD80/tonne delivered), the fixed cost (maintenance, salaries […]