Category: Other
US, Sri Lanka Partnership Dialogue to meet Feb 2016 in Washington
Dec 15, 2015 (LBO) – The first meeting of the United States, Sri Lanka Partnership Dialogue will take place in February 2016 in Washington, US Under Secretary of State for Political Affairs Thomas Shannon revealed. “This annual meeting will provide an opportunity to discuss all aspects of the relationship and ways in which the United […]
Sharp China slowdown would hit global growth hard: Fitch
Dec 15, 2015 (LBO) – A sharp slowdown in China’s GDP growth rate to 2.3% during 2016-2018 would disrupt global trade and hinder growth, with significant knock-on effects for emerging markets and global corporates, according to a hypothetical study by Fitch Ratings. In turn, this would keep short-term interest rates and commodity prices lower for […]
Prime Minister meets foreign mayors
Prime Minister Ranil Wickremesinghe met foreign mayors today at Temple Trees. They are here to attend a ceremony to mark 150 years to the Colombo Municipal Council.
CDB crowned Best Corporate Citizen 2015
Placed among the country’s largest conglomerates and business stewards, Citizen’s Development Business Finance proudly donned the crown of being among the Top Ten Corporate Citizens of Sri Lanka for 2015, in addition to being adjudged Best Corporate Citizen 2015 in the Less than Rs 15 Bn Category. For a company that is just twenty years […]
SATHOSA to second spot in store equity ranks; consumer retention rate 67%
Sri Lanka’s FMCG player LAK SATHOSA is ranked second among retail chain brands in the country -and that too, by a few marginal points behind the country’s top ranked retail chain.As part of its busy preparations for the coming festival season, SATHOSA has stocked up a three-month supply of essentials-and enters the festive season with novel […]
Central Bank of Sri Lanka – 8th International Research Conference
The 8th International Research Conference of the Central Bank of Sri Lanka was held on 7 December 2015 at the John Exter International Conference Hall of the Central Bank. The conference, organised by the Economic Research Department of the Central Bank, aims to stimulate research on current themes while providing a forum for researchers […]
Global climate agreement reached by 195 nations
Dec 14, 2015 (LBO) – A climate agreement reached at Paris climate talks has been hailed as the best chance of reaching global emission targets. All the world’s nations have agreed to a single document to cut greenhouse gas emissions which is regarded by many observers “historic”.The Kyoto Protocol of 1997 set emission targets but […]
Aitken Spence Travels hosts Top Travel agents from Egypt
Top travel agents from Egypt were hosted in Sri Lanka by Aitken Spence Travels for a five-day educational tour in collaboration with the Sri Lankan Embassy in Cairo and airline partner Emirates Airlines recently. The objective of the familiarization visit was to give them a first-hand experience of the product on offer and ensure that […]
” rating
Fitch Ratings Lanka has assigned Sri Lanka-based Sunshine Holdings PLC (Sunshine Holdings) a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook.Sunshine Holdings’ rating reflects the defensive nature of its key operating subsidiaries, their leading market positions and strong free cash flow (FCF) generation.The rating also takes into account Sunshine Holdings’ low group leverage, which […]
Should you invest in a rental property?
The rental market in Colombo and its suburbs, including Malabe, Battaramulla and Wattala, is growing, as property prices increase. With property prices on the rise, owners in Colombo are in a fortunate position. They can either sell their home with a very high profit margin or simply rent it out to earn short or long-term […]
Uber officially launches in Sri Lanka
Dec 09, 2015 (LBO) – Uber, a global ride sharing company with an on-demand technology platform and app that connects commuters who need a ride and licensed drivers, announced the official launch of its uberX product in Colombo, Sri Lanka, Wednesday. “Demand for Uber is rapidly growing as more and more residents and tourists in […]
CA Sri Lanka launches Mobile App
In its continuing efforts to remain current and progressive, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched it’s corporate mobile app.The mobile app which was launched by the President of CA Sri Lanka Mr.Arjuna Herath, is available for users using mobile phones with Android, IOS and Microsoft operating systems. The CA Sri […]