Category: Other
UN rights expert to visit Sri Lanka to assess situation of minorities
The United Nations Special Rapporteur on minority issues, Rita Izsák-Ndiaye, will carry out an official visit to Sri Lanka from 10 to 20 October 2016 to assess the current situation of national or ethnic, religious and linguistic minorities in the country. “Experience has shown that the recognition and promotion of minority rights are critical, if […]
The RIU investor roadshow London 2016 kick-off
(PRESS RELEASE) – The RIU Investor roadshow in London 2016 kicked off on Saturday at the Sri Lankan Medical and Dental Association Dinner dance which was held at the Radisson Edwardian hotel in West London. The occasion was graced by over 300 doctors, dentists and professionals from the medical association residing in the UK. As […]
“Vista Rooms” now in Maldives, after launch in Sri Lanka
Oct 04, 2016 (LBO) – Vista Rooms, one of South Asia’s brand of budget stays, has launched in the Maldives, targeting the affordable accommodation segment. “These are exciting times for us. Following our initial success in India and Sri Lanka, Maldives seemed the natural next step owing to its location and its growing draw of […]
US EXIM Bank Chairman visits water reservoir project in Badulla
Chairman Fred Hochberg of the Export-Import Bank (EXIM) of the United States visited the Badulla site of the EXIM-funded water reservoir project yesterday. The approximately Rs. 9.4 billion ($64.9 million) project was funded in 2012 through a 12-year direct loan for this Integrated Water Supply System. The water-supply project will integrate new and rehabilitated treatment […]
Fitch places Melsta Regal Finance on rating watch negative
Fitch Ratings has placed Melsta Regal Finance Ltd’s (MRF) National Long Term Rating of ‘A+(lka)’ on Rating Watch Negative (RWN). KEY RATING DRIVERS NATIONAL RATINGS The rating action follows Fitch’s placement of the ‘AAA(lka)’ rating on previous ultimate parent Distilleries Company of Sri Lanka PLC (DIST) on RWN. DIST, a leading domestic alcoholic beverage manufacturer, is undergoing a restructuring that […]
Fitch rates Commercial Bank subordinated debentures final AA-(lka)
Fitch Ratings Lanka has assigned Commercial Bank of Ceylon PLC’s (CB; AA(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR7bn a final National Long-Term Rating of ‘AA-(lka)’. The final rating is the same as the expected rating assigned on 3 August 2016, and follows the receipt of documents conforming to information already received. The […]
PwC and SLASSCOM join hands to empower startups in Sri Lanka
In a joint effort to empower startups in the country, PwC Sri Lanka has joined hands with SLASSCOM (Sri Lanka Association for Software and Services Companies) to introduce Sri Lanka to Europe’s largest and leading annual startup and technology event, SLUSH, while also giving local startups a unique opportunity to help solve pressing challenges the […]
Sri Lanka PM to meet Modi & attend Indian Economic Summit
Oct 03, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will visit New Delhi, India tomorrow for a three-day official tour, the government said. After his New Zealand visit Wickremesinghe will fly from Wellington to Delhi where he is scheduled to have talks with Indian Prime Minister Narendra Modi and several senior Indian ministers. […]
Jeevani Siriwardena appointed as new DG of Sri Lanka EDB
Jeevani Siriwardena has been appointed as the new Director General of the Sri Lanka Export Development Board. She joined the Sri Lanka Export Development Board (EDB) as a Management Trainee 32 years back, in 1984. Work experience at EDB includes over 20 years in Product Management and over 10 years in Market Development Divisions of the […]
Fewer people living below poverty line: World Bank president
NEW YORK (Thomson Reuters Foundation) – The number of people living in extreme poverty has declined by more than 100 million across the world despite a sluggish global economy, the World Bank said on Sunday. The World Bank said 767 million people were living on less than .90 a day in 2013, its latest comprehensive […]
Nepal regrets SAARC postponement due to Indo-Pak tensions
Oct 03, 2016 (LBO) – Nepal, the current chair of SAARC, has expressed regret that the regional environment is not conducive to host the 19th SAARC Summit in Islamabad in November. “Nepal will initiate necessary consultation on successfully holding the summit with the participation of all member states, the country’s foreign ministry said. The announcement […]
Sri Lanka marks ‘National Coastal and Marine Resources Conservation Week’
The United Nation Development Programme (UNDP) in collaboration with the Ministry of Mahaweli Development & Environment marked the ‘National Coastal and Marine Resources Conservation Week’ through a Coastal Cleanup Programme held from 17 September to 23 September 2016, covering approximately 1700 km of the coastal line across 14 Districts of Sri Lanka. Under the directive […]