Category: Other
New Zealand, Sri Lanka sign agreement to enhance dairy cooperation
Sri Lanka and New Zealand today (24) signed a partnership arrangement for the Sri Lanka Dairy Excellence Training Initiative between the Sri Lanka Ministry of Rural Economic Affairs and the New Zealand Ministry of Foreign Affairs and Trade under the Dairy Cooperation Arrangement (DCA) , which was signed in November 2013. The agreement was signed […]
‘s senior debt final A-
Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer, A-(lka)/Stable) proposed senior debentures of up to LKR2bn a final National Long-Term Rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected rating assigned on 15 December […]
Sri Lanka offers discount for Myanmar Transshipments, threat from Vizhinjam
Feb 23, 2016 (LBO) – Sri Lanka Ports Authority has decided to grant a 10 percent discount on transshipment handling charges of the ship companies who comply to carry out Myanmar transshipment operations through the Colombo port. The decision aims to attract fast growing transshipment industry in Eastern India, Bangladesh and Myanmar, to the Colombo […]
ADB President arrives in Sri Lanka
President of the Asian Development Bank Takehiko Nakao arrived in Sri Lanka yesterday night on a two-day official visit. The ADB President, accompanied by two ADB officials, will meet top government dignitaries and officials, today. The discussions with the ADB president are expected to focus on obtaining more development assistance to Sri Lanka.
USAID helps Polonnaruwa dairy farmers increase milk sales
Representatives from the Embassy of the United States of America and senior Sri Lankan officials presided at the February 18 signing of a Memorandum of Understanding (MoU) between dairy farmers, CIC Dairies, and Milk Industries of Lanka (Pvt.) Ltd. The MoU will help dairy farmers in Polonnaruwa to increase their milk sales. The Honorable Minister […]
Post-sanctions Iranian delegation in Sri Lanka to boost trade
Feb 23, 2016 (LBO) – A 30-member Iranian delegation arrived in Sri Lanka headed by its Energy Minister Hamid Chitchian. The delegation consists of members from government, the Iranian private sector and a trade chamber. “In our new era, we want closer cooperation with Sri Lanka,” Chitchian said according to a Ministry of Industry and […]
Leading Austrian companies ready to invest in Sri Lanka
The Austrian Chamber of Commerce states that several leading companies in Austria are ready to make several investments in Sri Lanka. The Chamber of Commerce stated it at a business meeting headed by President Maithripala Sirisena held yesterday (Feb. 19) in Viana with participation of the members of the business communities of Austria and Sri […]
Fitch affirms Ceylon Dollar Bond Fund at BB-/ V5
Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-‘ and affirmed the Fund Volatility Rating at ‘V5’. The fund is managed by Ceylon Asset Management (CAM). KEY RATING DRIVERS The affirmation of the ‘BB-‘ Fund Credit Quality Rating is driven by the weighted average rating factor (WARF) and rating distribution […]
Sri Lanka’s largest solar power plant by LAUGFS takes off ground
LAUGFS Power yesterday held the ground breaking ceremony and foundation stone laying for the largest solar power plant in the country, to be set up with an investment of around Rs.5 billion. The 20MW facility at Hambantota will be constructed by international experts deploying European technology. Sri Lanka currently depends on fossil fuel based electricity […]
Lamudi Sri Lanka explores real estate market change in Colombo
When it comes to searching for real estate, Colombo is the most popular area in Sri Lanka for property-seekers. According to Lamudi Sri Lanka, more than 70 percent of website searches are for property in the country’s commercial capital. Property demand in Colombo has risen in recent years, with prices increasing simultaneously. Its property market […]
‘s
Feb 18, 2016 (LBO) – Global growth will fail to pick up steam over the next two years as the slowdown in China, lower commodity prices and tighter financing conditions in some countries weigh on the economy, Moody’s Investors Service said in a quarterly report today. The downside risks to Moody’s forecasts for G20 GDP growth of […]
Awarding of compensation to families of deceased migrant workers
Thirty four families of deceased migrant workers in the Middle East were given compensation and salary dues by the Acting Minister of Foreign Affairs Dr. Harsha de Silva on 17th February 2016 at the Foreign Ministry. A total of Sri Lankan Rupees 57 million was awarded to the family members. This was the first awarding […]