Category: Other
‘s ECT
Aug 26, 2016 (LBO) – Sri Lanka is seeking a partner from the Indian subcontinent to develop a port designed to be its deepest and accommodate the world’s largest container vessels, Shipping Minister Arjuna Ranatunga told the Indian Express. The Sri Lanka Port Authority (SLPA) is looking for a foreign investor with about USD 400 […]
‘s subordinated debt A+(lka) (EXP)
Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA(lka)/Stable) proposed subordinated debenture issue of up to LKR6bn an expected National LongTerm Rating of ‘A+(lka)(EXP)’. The debentures, which will have tenors of five and seven years and carry fixed coupons, will be listed on the Colombo Stock Exchange. HNB expects to use the proceeds to strengthen its Tier […]
Australia probes bribery scandals in Sri Lanka, Congo
Aug 25, 2016 (LBO) – Two Australian companies are caught up in bribery scandals that involve the offices of the presidents of Sri Lanka and the Republic of Congo, the Sydney Morning Herald has reported, an allegation Sri Lanka’s president has denied. A Fairfax Media investigation has uncovered evidence involving the Snowy Mountains Engineering Company […]
Sri Lanka to subsidize smallholder tea, rubber and coconut fertilizer
Aug 24, 2016 (LBO) – Sri Lanka’s cabinet has approved a fertilizer subsidy for tea, coconut and rubber smallholders who own cultivated land in extent of two hectares or less, in proportion to the extent of land cultivated annually.The proposal was made by Navin Dissanayake, minister of plantation industries, to increase the current extent of […]
U.S. Pacific Command completes assistance operation in north
Aug 24, 2016 (LBO) – A multinational team led by U.S. Pacific Command has concluded a week-long assistance program in Jaffna, providing general medical care for 4,000 people and renovating six schools that serve 1,100 students, the U.S. Embassy said. Operation Pacific Angel is a joint civil-military operation led by U.S. Pacific Air Forces to […]
VirtusaPolaris Receives Stevie Award for Investor Relations and Technical Innovation
(PRESS RELEASE) – WESTBOROUGH, Mass.,– VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announcedthat it has been awarded two Stevie Award recognitions; a Gold award for Investor Relations and a Silver award for Most Innovative Technology Company […]
Ceylon Chamber to obtain biz inputs on Sri Lanka – China FTA
The Ceylon Chamber of Commerce will hold a ‘Discussion Session’ on the 26th of August, 2016 to gain inputs from the Lankan businesses on how to enhance business activities with China. The latest move of the Chamber comes in the wake of Sri Lanka and China is planning to strike a Free Trade Agreement between […]
Sri Lanka expands representation in Texas; appoints honorary consul
”Sri Lanka is reinvigorating its representation in the United States as the bilateral relations and people to people ties between the two nations are on an exponential growth trajectory” Sri Lanka’s Ambassador to the United States Prasad Kariyawasam said speaking at an event organized by the World Affairs Council in Dallas-Fort Worth to welcome Susantha […]
‘s policies
Aug 22, 2016 (LBO) – The Indian government has appointed a well-respected deputy governor Urjit Patel at the Reserve Bank of India to become the country’s next central bank governor, ending months of uncertainty over the appointment. “Choosing Patel suggests that the government supports or at least is content to continue with Rajan’s policies at […]
Asia Best Employer Brand 2016 conferred on Bank of Ceylon
Adding another jewel to its crown, the 7th annual awarding ceremony of “Asia’s Best Employer Brand” awards endorsed the Bank of Ceylon as one of those classed as a “Best Employer Brand” for the year 2016. The ceremony was hosted by the Employer Brand Institute, World HRD Congress and Stars of the Industry Group along […]
CA Sri Lanka calls registrations for 52nd Annual Report Awards
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is now accepting applications for the coveted 52nd Annual Report Awards Competition, which is one of the most celebrated corporate events in the country. The competition which has created an important benchmark as an event that promotes transparency, good governance and social responsibility among […]
Blog: UK Visas made easy
By British Deputy High Commissioner to Sri Lanka and the Maldives, Laura Davies Since arriving in Sri Lanka, I have become a bit of an expert on visas. In fact, when my phone rings, there’s almost a one in two chance that someone is calling about their visa. Getting a visa can be complex, frustrating and time-consuming. […]