Category: Other
Crowd funding real estate in Sri Lanka; pros and cons
In real estate, debt-based crowd funding is gaining attention, and quickly becoming a popular method of investment. While the stock exchange can be volatile, crowd funding offers investors the chance to purchase a stake in the project, gaining recognition and return on investment if the project is successful. Crowd funding is a means of raising […]
South Korea issues its first yuan-denominated sovereign bonds
Dec 16, 2015 (LBO) – The South Korean government has issued its first ever yuan-denominated sovereign bonds in China’s onshore bond market. This sovereign bond issue is expected to contribute to diversifying the currency composition of Korea’s foreign exchange reserves and further China’s efforts to open its capital markets to the world.“The bond issuance was […]
China, US Rates Pressures Build for APAC Banks in 2016
Dec 16, 2015 (LBO) – Banking sectors within the Asia-Pacific (APAC) region are likely to face a more challenging year ahead as financial systems adjust to slowing growth in China and the prospect of higher US interest rates, says Fitch Ratings in the agency’s 2016 Outlook Report for the region.Earnings and capital buffers built up in […]
Jennifer Perera joins Credence Genomics
Press Release: Award winning Professor Jennifer Perera, has joined the clinical panelists of Credence Genomics, the country’s leading commercial biotechnology venture, equipped with Next Generation Sequencing technology. Prof Perera joins the farsighted team behind this pioneering venture led by Dr. Vaz Santosh Gnanam. Credence has succeeded where few have dared to venture and is the […]
luxury passenger vessel Europa calls Port of Hambantota
The 400 passenger capacity luxury passenger vessel M/S/Europa called at the Port of Hambantota today 15th December 2015. The vessel is expected to leave the port to Ko Phi Phi Islands in Thailand this evening.The current voyages of the vessel include a 154 days world cruise from Dubai to Hamburg and a 19 day Asia […]
‘t cause environmental disruption, says EIA
Dec 15, 2015 (LBO) – The proposed Colombo Port City has a minimal environmental impact on the reclamation site and the coastal zone around the area, a supplementary environmental impact assessment, now available for public consultation, states. Because of the impact of sand dredging north of the port city site, an income support program will […]
Nawaloka Hospitals opens modern Skin Care and Cosmetic Center
Nawaloka Hospitals has opened a state of the art Skin Care and Cosmetic Center which is equipped with the Gold Standard Acu Pulse, a safe, simple CO2 laser, manufactured in USA, which is the Industry standard that delivers outstanding results. Elaborating on the features of the Acu Pulse, Dr.Ashwini Rajan, Head of Skincare and Cosmetic […]
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 […]