Category: Other
World Bank approves USD45mn to protect Sri Lanka’s natural habitats
Apr 27, 2016 (LBO) – The World Bank Board has approved a 45 million US dollars credit to help protect Sri Lanka’s natural habitats and resources from degradation and exploitation. The credit for this project is provided by the International Development Association – the World Bank’s concessionary lending arm –with a maturity of 25 years, […]
Swedish Cars introduces all new Volvo XC90 in Sri Lanka
Swedish Cars, an IWS Holdings company, which recently became the importer and distributor of Volvo’s cars in Sri Lanka, will soon launch a line of luxury cars displaying Volvo’s stylish transformation and its first interpretation of a new brand direction, where design has an elevated strategic importance to the Volvo brand. The all-new XC90 model, […]
‘s subordinated debt A(lka)(EXP)
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel II-compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka) (EXP)’. The issuance is to total LKR6bn, with the debentures to mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. Sampath Bank plans to use […]
BOC confirms its place as No.1 Brand in Sri Lanka
The Authentic Sri Lankan banking leader, BOC once again was bestowed as the No.1 Brand among all the brands in Sri Lanka for the 8th consecutive year by the renowned Brand Finance Lanka through an independent and stringent analysis. Brand Finance Lanka is partnered with the Brand Finance UK with its global network spread in […]
CSE Toastmasters Club achieves first divisional success
The CSE Toastmasters Club produced its first success story in the form of CSE Toastmaster Imesha Fernando, who was placed as the runner up at the recently held International Speech Contest organized as part of the District 82 Division A, Year End Conference. Imesha competed with eight other contestants representing four areas of District 82 […]
SriLankan Airlines future leaders
SriLankan Airlines has once again enlisted the knowledge and expertise of some of the country’s eminent professionals, private sector personalities and management gurus to help groom the National Carrier’s leaders of the future as a part of the leadership mentoring program launched 02 years ago. SriLankan Airlines’ Chief Executive Officer Captain SurenRatwatte said: “We are […]
Sri Lanka’s most exclusive family gathering – Mercedes Benz Pageant
Every year a unique family event takes place in Colombo. This event is one of the most eagerly awaited events in the automotive calendar in Sri Lanka. It is non-other than the Mercedes-Benz Pageant – an event unparalleled to any. The Mercedes-Benz Pageant is an event for Mercedes-Benz cars, their owners and families. This is […]
SL delegation explores biz opportunities in South Africa, Zambia & Rwanda
A nine member Sri Lankan business delegation, led by the Ceylon Chamber of Commerce, recently visited South Africa, Zambia and Rwanda to explore commercial opportunities in those countries. Representatives from companies such as Jinasena Private Limited, Kelani Cables PLC, Hayleys PLC, Dankotuwa Porcelain PLC, Union Chemicals Lanka PLC, Jinasena Infotech Private Limited, Macksons Paints Industries […]
Sri Lanka to introduce new laws to prevent violence against women and girls
Apr 25, 2016 (LBO) – Sri Lanka’s government plans to activate a stable legal mechanism towards the creation of a safe environment, free from violence for women and girls in Sri Lanka. The government said a special ministerial sub committee will also be named to ensure the efficient working of such a legal framework. Recently, […]
Aitken Spence Travels achieves landmark 129,000 arrivals
Aitken Spence, Sri Lanka’s largest destination management company, closed the 2015/16 financial year recording the highest tourist volume handled by a single local travel company. Aitken Spence Travels delivered on the daunting task of following up last year’s benchmark of 108,000 pax, with a landmark 129,000 inbound arrivals. The accomplishment is an optimistic upturn for […]
Sri Lanka’s transport reforms lack political will: Kumarage
Apr 22, 2016 (LBO) – Sri Lanka’s politicians should lead from the front and drive much needed transport reforms which have evolved through changes in social and economic conditions, a senior official told LBO. “Vehicles gridlocked in Colombo traffic is something we are all familiar with by now. But what are we doing about it?” Amal […]
BOC ATMs dispensed record Rs30bn during Avurudu season
The Bank of Ceylon, Leader in the Sri Lankan Banking Industry has set a bench mark of dispensing a record breaking Rs.30.72 Billion from its ATMs during Avurudu season. The Bank has made every possible arrangement to provide the utmost convenient and easy access to cash for its customers during this festive season. Bank has […]