Category: Other
‘s changes outlook on China credit rating to negative
Mar 02, 2016 (LBO) – Moody’s Investors Service has today changed the outlook to negative from stable on China’s government credit ratings, while affirming the Aa3 long-term senior unsecured debt, issuer ratings, and (P)Aa3 senior unsecured shelf rating. The key drivers of the outlook revision are: 1. The ongoing and prospective weakening of fiscal metrics, […]
ETCA panic unfounded: Sujeewa Senasinghe
The proposed Economic & Technical Agreement (ETCA) with India needs to be viewed beyond the vilifying exaggerations made against it for quick political mileage-and contrary to the general perception, ETCA is not the umbrella agreement that decimates almost all services and professions in Sri Lanka, said State Minister of International Trade Sujeewa Senasinghe on 29 […]
Early wins for Clinton, Trump in nomination race
Mar 02, 2016 (LBO) – Hillary Clinton and Donald Trump both won several states in the race for US presidential nomination in results released so far. Trump clinched seven states Alabama, Georgia, Massachusetts, Tennessee, Virginia, Arkansas and Vermont, Ted Cruz won Texas and Oklahoma and Marco Rubio won Minnesota. On the side of Democrats, Hillary […]
MR reveals UNP conspiracy to destroy SLFP
I take pride in the fact that I built the strongest SLFP government in our party’s history during my tenure in power. That government was so strong that it could be defeated only by conspiratorially creating divisions in the party and a section of the SLFP joining the UNP in its campaign of vilification and […]
SINGER receives ‘named account status’ with Microsoft
SINGER Sri Lanka, achieved the named account status with Microsoft at a special occasion earlier this week. The event was graced by István Papp – Vice President Microsoft Asia Pacific, Brian Kealey- Country Manager – Sri Lanka & Maldives and Pubudu Basnayake – OEM Director – South East Asia New Markets from Microsoft and Asoka […]
LOLC opens trading at the CSE
Lanka ORIX Leasing Company PLC (LOLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated “We thank the LOLC Group for taking part in this market opening ceremony, which marks the first day of trading for the month of […]
Huawei Mate 8 and GR5 says ‘Ayubowan’
Huawei together with its national distributor SINGER Sri Lanka introduced two latest flagship smartphones- Huawei Mate 8 and Huawei GR5 to Sri Lanka at a grand spectacle held at the Cinnamon Grand. Over 400 guests were able to experience the ‘Breakthrough in Power and Efficiency’ offered by the new duo smartphones. The Mate 8 available […]
Sri Lanka Customs expedites cargo clearing process
Mar 01, 2016 (LBO) – Sri Lanka Customs has accelerated its cargo clearing service to minimize delays for importers and exporters. As per the new directions, every piece of cargo will be cleared within 3 days unless it has a legal issue or pending investigation. Customs Director General Chulananda Perera told reporters Monday that the […]
Ceylon Chamber appoints Dhara Wijayatilake as CEO
The Ceylon Chamber of Commerce, the country’s premier business Chamber, is pleased to announce the appointment of Ms. Dhara Wijayatilake, Attorney-at-Law, as its new CEO w.e.f. 1st March, 2016. Her appointment to the 176 year old Institution comes following the resignation of Mr. Mangala P. B. Yapa, who served as the CEO of the Ceylon […]
ANC Launches their Undergraduate Alumni Association at their ‘U.S. Night’
03rd February, COLOMBO, SRI LANKA- American National College launched their first U.S. Alumni Association at Water’s Edge recently at their ‘US Night’. Speakers at the event included Dr. Punarjeeva Karunanayake, CEO of ANC Education as well as Mr. P.K William, Director of William Investments Pvt. Ltd. and president of the American Alumni Association of Sri Lanka. The […]
Janashakthi gross written premiums up 19-pct in 2015
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Gross Written Premium (GWP) of Rs.10.664 billion for the year ended 31st December 2015, a growth of approximately 19% over the same period in 2014. The insurer posted a Profit Before Tax (PBT) of Rs.1,024 million for the period under review. The Company’s life insurance business recorded a […]
South Korea won at six-year low, possible swap deal with US, China
Feb 29, 2016 (LBO) – South Korea’s Finance Ministry is to resume a possible currency swap deal with the United States and China following the won’s recent fall. The won closed at a fresh six-year low of 1,238.8 won against the US dollar last week after its record-breaking decline since the first two months of […]