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July 16, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned People’s Leasing & Finance proposed senior unsecured debentures of up to 6 billion rupees an expected national long term rating of ‘AA-(lka)(EXP)’. The final rating is contingent on the receipt of the final documents conforming to information already received, Fitch Ratings said. The issue […]
Commercial Bank Bangladesh rated AAA: CRISL
July 16, 2015 (LBO) – Sri Lanka’s Commercial Bank, Bangladesh accorded AAA long-term credit rating by Credit Rating Information and Services (CRISL), a statement said. The full statement follows The AAA (Triple A) long-term credit rating accorded to the Bangladesh operations of Commercial Bank PLC has been reaffirmed by Credit Rating Information and Services Ltd […]
EU to observe Parliamentary Elections in Sri Lanka
July 15, 2015 (LBO) – European Union says that it has today started the deployment of an Election Observation Mission (EOM) to Sri Lanka to observe the Parliamentary Elections scheduled for 17 August 2015, following an invitation from the Sri Lanka authorities.“The European Union has once again responded positively to the invitation of the Sri […]
Sri Lanka’s President Maithripala Sirisena visits Central Bank, Ravi visits ‘Sathosa’
July 15, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has visited the Central Bank of Sri Lanka on 9th July 2015, the Bank said today. “Sirisena was accompanied by Prime Minister Ranil Wickramasinghe and jointly received by Governor Arjuna Mahendran, members of the Monetary Board and the senior management of CBSL.” the Central Bank […]
Sri Lanka stocks close up 0.6-pct: Banking gains
July 15, 2015 (LBO) – Sri Lanka’s stocks closed up 0.56 percent on Wednesday, for a fifth consecutive session with banking sector showing gains, brokers said. The Colombo benchmark All Share Price Index closed 39.19 points higher at 7,066.19 up 0.56 percent. The S&P SL20 closed 37.38 points higher at 3,957.66 up 0.95 percent. Turnover […]
UPFA expecting over 113 seats in Parliament; MR appointed head of election operations committee
July 15, 2015 (LBO) – The United People’s Freedom Alliance is expecting over 113 seats in the next Parliament, General Secretary of the party Susil Premajayantha said. “We are expecting the majority.It is possible by wining just 14 districts in the country.” Premajayantha told LBO. Speaking at a special press briefing Premajayantha revealed that former […]
Sri Lanka lacks high-end shopping malls to attract affluent travelers: Report
July 15, 2015 (LBO) – Sri Lanka still lacks malls that can give its high-end tourists the holistic retail experience, despite the growth in retail options in the Island, a recent report said.“Despite the growth in retail options the city still lacks high-end shopping malls to entice the affluent travelers by providing them a holistic […]
Sri Lanka Dankotuwa Porcelain gets new CEO
July 15, 2015 (LBO) – Sri Lanka’s Dankotuwa Porcelain said, Wasaba Jayasekera was appointed as the Chief Executive Officer with effect from 15th July 2015.Jayasekera holds a Bachelor’s degree in physical science, from the University of Kelaniya Sri Lanka and a Master of Business Administration degree from the Postgraduate Institute of Management, University of Sri […]
Sri Lanka’s online property portal ‘Lamudi’ launches its first real estate magazine
July 15, 2015 (LBO) – Sri Lanka’s online property portal ‘Lamudi’ has launched the first issue of its real estate magazine ‘Property Now’, the company said.The quarterly magazine consists of the latest real estate market report, trends in the real estate industry, home tips, current developments, changes in the digital market and other pertinent topics.Though […]
Utilize 2015 General Elections to reinforce people’s sovereignty: Chrishmal Warnasuriya
July 15, 2015 (LBO) – Sri Lankan voters should utilize the General Elections on August 17 in order to reinforce people’s sovereignty, Chrishmal Warnasuriya, a lawyer seeking a seat in the next Parliament through the national list of JVP said. “If the 4th of February 1948 was our first independence and the 19th of May 2009 […]
Sri Lanka JKH’s Cinnamon Life targets future digital world: Deputy Chairman
July 15, 2015 (LBO) – Sri Lanka’s John Keells Holdings, a listed blue chip company said that its 850 million US dollar mixed development project of “Cinnamon Life” is designed to cater to future digital world offering a virtual experience. “Cinnamon Life – Now that is a brick and motor investment. However we believe, if […]
LBR LBO Enterprise Summit 2015 – Session 05: Building Disruptive Business Models: Opportunities & Challenges
Download the Presentation : [Session 05: Keynote Presentation] Mani Kulasooriya and Brian Beach SESSION 05: BUILDING DISRUPTIVE BUSINESS MODELS: OPPORTUNITIES & CHALLENGES SESSION INTRODUCTION Clayton M Christensen (Kim B. Clark Professor of Business Administration at Harvard Business School) observes that companies have two basic options when they seek to build new-growth businesses. They can try to take […]