Category: Other
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]
Lux reinforces its enduring power…
Unilever’s House of Lux, a celebration of the enduring power of Fine Fragrances and all that’s feminine saw a gathering of the elite including beauty queens, film stars, models, corporates and socialites at the Cinnamon Grand on 16th of November, when this iconic beauty brand once again revolutionized the way women experience fragrances, by infusing […]
Fitch assign Mercantile Investments and Finance BBB- rating
Fitch Ratings Lanka has assigned Mercantile Investments and Finance PLC (MIF) a National LongTerm Rating of ‘BBB-(lka)’. The Outlook is Stable. The agency has also assigned the company’s outstanding senior unsecured debentures a National LongTerm Rating of ‘BBB-(lka)’.KEY RATING DRIVERS NATIONAL RATINGS MIF’s rating reflects its modest franchise stemming from its long operating history, satisfactory capitalisation and loanbook exposure to less […]
Lamudi identifies top gadgets to improve Sri Lankan real estate market
From drones to virtual reality, the impact of technology on the real estate industry is growing rapidly in Sri Lanka.The use of drones have helped high rise building developers provide buyers with a view of the city from each floor, even before construction has begun; virtual reality allows buyers to experience the inside of a […]
Govt intervention in Colombo tea auction detrimental to sector: Fitch
Nov 17, 2015 (LBO) – Sri Lanka’s government intervention into the Colombo tea auction will be detrimental to the sector as it will make Sri Lankan tea less competitive in a global market that is over-supplied, Fitch Ratings said. The Sri Lankan government in October 2015 allocated 1.0 billion rupees to purchase tea at the […]
Ceylon Chamber to host post budget seminar
The Ceylon Chamber of Commerce will hold its customary post national budget seminar on the 27th November, 2015 with the participation of a top panel, which will consist of high ranking officials from the Ministry of Finance and also taxation specialists. The event, which will be held at the Ceylon Chamber of Commerce auditorium will […]
High Commissioner Esala Weerakoon presents Credentials to Indian President
High Commissioner of Sri Lanka to India Esala Weerakoon presented Credentials to the President of India Pranab Mukherjee at Rashtrapathi Bhavan in New Delhi on Friday, 13 November 2015. High Commissioner Weerakoon is a senior career diplomat. Since he joined the Sri Lanka Foreign Service in 1998, he has served as Ambassador to Norway, High […]
SriLankan swimmers jubilant at Mercantile Swimming Championship
SriLankan Airlines’ Swimmers bagged a total of 32 gold medals, 21 silver medals and 17 bronze medals at the recently concluded Mercantile Swimming Championship 2015. SriLankan swimmers faced fierce competition from swimmers from leading corporate organizations in the country as a total of 550 swimmers representing 32 associations showcased their talents at the event.SriLankan Airlines […]
Comtrust Equity Fund up 9.6 pct for six months, outperforms ASPI
Comtrust Equity Fund, a Balanced Fund investing in both equity and fixed income, rose 9.6% for the six months ended 30 September 2015, recording an over performance of 6.2% vs. the benchmark All Share Price Index (ASPI), which rose 3.4% during the same time period. The Fund also beat the more liquid S&P SL20 index […]
‘s Foreign Minister in Singapore
Foreign Minister Mangala Samaraweera met Singapore’s Foreign Minister Vivian Balakrishnan at the Foreign Ministry in Singapore on Friday the 13th.
Sri Lanka on UNESCO executive board
Nov 16, 2015 (LBO) – Sri Lanka has been elected to the executive board of the United Nations Educational Scientific and Cultural Organisation (UNESCO) during the 38th General Conference in Paris, the foreign ministry said. “Sri Lanka was one of six countries that qualified to serve on the Executive Board from the Asia and Pacific Group […]
At least 127 people killed in Paris shootings, blasts
Nov 14, 2015 (LBO) – At least 127 people have been killed in gunfire and blasts including a possible suicide bombing in Paris, officials said. Terrorists armed with AK-47s and some reportedly with bombs strapped to them attacked locations throughout the French capital and at a stadium where a soccer match was being played. Five […]