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Fitch Ratings has assigned Hatton National Bank PLC’s (HNB, AA-(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated debentures an expected National Long-Term Rating of ‘A(EXP)(lka)’. The notes will total LKR7 billion, mature in 10 years and include a non-viability clause. The bank plans to use the proceeds to refinance the debentures maturing in 2021, to […]
Sampath Bank partners with John Keells Properties’ TRI-ZEN on Home Financing Solutions
Sampath Bank entered into a strategic alliance with TRI-ZEN, a premium smart living project being developed in Union Place, Colombo by John Keells Properties in partnership with Indra Traders that shares the Bank’s penchant for innovation. Building on its longstanding relationship with the John Keells Group and Indra Traders, Sampath Bank seeks to partner with […]
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Fitch Ratings Lanka has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed LKR6 billion Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in seven years and will be listed on the Colombo Stock Exchange. The bank expects the proposed subordinated debentures to qualify as Basel III-compliant regulatory Tier […]
Driving growth-bridging deficits – outlook 2021 report of Ceylon Chamber
The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy and Sector Review and Outlook 2021 webinar recently. The Outlook 2021 report published by the Economic Intelligence Unit (EIU) of the Ceylon Chamber of Commerce (CCC) explores the macroeconomic and sector outlook for the year ahead. The theme for the report […]
Sri Lanka on positive and steady path for economic recovery, says Cabraal
Feb 08, 2021 (LBO) – State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says Sri Lanka is on track now to enacting an effective economic recovery to swiftly close the gap between pre and post-COVID-19 output losses. He says the island’s growth prospects are now positive, underscored by a stabilizing currency and sound debt […]
CMTA warns, beware of surging frauds in used-vehicle market
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s automotive association has raised concerns over the heavily persistent fraudulent acts associated with Sri Lanka’s used-vehicle market. The association states that the vehicle customers fall prey to a number of frauds including odometer frauds, vehicles restored with counterfeit spare parts and vehicles with forged documents. Due to […]
House of Indi and Founder clinch honors at prominent awards ceremonies
Forging the way to remarkable milestones, House of Indi, a leading fashion destination in Sri Lanka and its Founder and Creative Director, Indeevari Yapa Abeywardena have been duly recognized at two of the most prestigious awards ceremonies. House of Indi clinched Silver award under the Service Sector – SME category at the SLIM Restart Resilience […]
PUCSL new Chairman assumes duties; launches its work plan for 2021
The Annual Activity Plan 2021 of the Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator was unveiled today. A total of 111 projects based on service quality and consumer rights protection in the power industry, water service industry and petroleum industry are to be implemented this year. Projects related to the electricity […]
JKH and HEMAS consumer collaborate to battle plastic pollution
Plasticcycle, the Social Entrepreneurship Project of the John Keells Group is pleased to onboard Hemas Consumer, in its bin placement initiative targeted towards encouraging responsible disposal of recyclable plastic waste, adding to the existing network of over 190 Plasticcycle bins in Sri Lanka. The agreement between the two parties was signed on the on 5th […]
South Asia’s first-ever all-female gantry crane operator team at SLPA receives Excellence Award
Ten courageous female employees at Sri Lanka Ports Authority have been felicitated with an award to recognize their heroic performances in becoming South Asia’s first-ever all-female gantry crane operator team. The awards honour women in the region who have overcome exceptional challenges to excel in their sector.The women received the 2020 Change Makers for Women […]
EFutures develops a Digitized System for Medical Claim Processing.
EFutures is a boutique software product engineering agency that focuses on technology companies. Overview Students in the state of California are provided healthcare by their schools. In turn, schools are eligible to receive reimbursement for costs incurred, from the government. To do this, a formal claim needs to be submitted, by filing necessary paperwork as […]
Aitken Spence Travels to welcome first charter flight from Kazakhstan tomorrow
Aitken Spence Travels, the leading Destination Management Company in Sri Lanka working in partnership with TUI Kazakhstan, will welcome the country’s first charter from Kazakhstan tomorrow (6) after the airports reopened for tourist arrivals. According to the company, there will be two charters operating from Kazakhstan and it will be a first since the Sri […]