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CMC illuminates in orange for activism against gender-based violence
Nov 26, 2018 (LBO) – Sri Lanka’s Colombo Municipal Council, the Town Hall building shines bright in orange for 16 days, urging the need to foster a safer environment for women and girls. Every year, iconic buildings around the world are illuminated in orange during the 16 Days of Activism Against Gender-based Violence, a global […]
Sri Lanka rupee hits new low of Rs.180: Stocks down 0.34-pct
Nov 23, 2018 (LBO) – The Sri Lanka rupee dropped to a low of 180.66 against the US dollar following a political crisis, which began a month earlier in the island. The rupee was quoted at around 178.70/179.30 rupees on Friday, down from Wednesday’s closing of 178.40/70. The political crisis which began when president Maithripala Sirisena […]
Sri Lanka to host conference of Asia-Pacific Depositories & Clearing organizations
Nov 23, 2018 (LBO) – Central Depository Systems, a fully owned subsidiary of the Colombo Stock Exchange, will host the 22nd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Sri Lanka. This premier gathering of Central Securities Depositories in Asia-Pacific has been held annually for 21 consecutive years since 1997. The […]
Sri Lanka Speaker appoints Committee of Selection despite opposition
Nov 23, 2018 (LBO) – Sri Lanka’s Speaker Karu Jayasuriya on Friday appointed the Committee of Selection under the standing orders of 136 and 143, despite opposition from the UPFA members.Speaker announced names giving 5 members each to UPFA and UNF and one each to TNA and JVP for the Committee. Speaker also called a vote […]
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Fitch Ratings has affirmed Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B+’ and its National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2018/11/Sri-Lanka-Telecom-RAC-Nov-2018.pdf” title=”Sri Lanka Telecom RAC Nov 2018″]
Sri Lanka NCPI down 0.1-ct in Oct 2018
Nov 23, 2018 (LBO) – The National Consumer Price Index (NCPI) , for the month of October 2018, has declined to 0.1 percent from 0.9 percent in September 2018, Director General of Census and Statistics department said. Contributions to the inflation in October 2018 from food group and non-food group are -3.04 percent and 3.10 percent respectively, whilst contributions […]
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a statement from the investment promotion agency said. The first agreement was with First Steps Babywear Lanka (Private) Ltd which will be setting up a manufacturing plant with to produce garments […]
President instructs all Govt. appointments should be cleared by his office
Nov 23, 2018 (LBO) – Sri Lanka’s President has informed all Ministry Secretaries that all appointments should be first cleared from his Office. A circular to all Ministry Secretaries was issued by the President’s Secretary Udaya Seneviratne to this effect, yesterday. The circular instructed Ministry Secretaries to appoint senior administrative officers suitable with similar ranks as […]
CSE to conduct a full day of trading from the Disaster Recovery site tomorrow
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery Site using ATS Version 7 Disaster Recovery Solution on Friday 23rd November 2018. The exercise will be an industry-wide activity with the participation of all stakeholders to ensure the preparedness of all participants to meet the recovery […]
Sri Lanka assures lenders that debt payments will be met on due dates
Nov 21, 2018 (LBO) – Sri Lanka’s government said it wishes to assure all lenders that all dues will be met on the due dates as has been the time-honored tradition of the country where the country has maintained an unblemished track record of debt payments.Releasing a statement, the Finance Ministry said that they have […]
‘s Central Bank says Moody’s latest rating decision is unfounded
Nov 21, 2018 (LBO) – Sri Lanka’s Central Bank on Wednesday said that it is of the view that the decision by Moody’s to downgrade Sri Lanka’s foreign currency issuer and senior unsecured ratings from B1 (Negative) to B2 (Stable) does not properly reflect the country’s macroeconomic fundamentals, and therefore unwarranted. The Central Bank said […]
Janashakthi Insurance appoints Prakash Schaffter as its Executive Chairman
Janashakthi Insurance PLC announced the appointment of renowned business leader Prakash Schaffter as its Executive Chairman. Mr. Schaffter, who has three decades of experience in the Insurance industry, had led Janashakthi as its Managing Director since 2006. This announcement comes with the addition of two new board members, Nathan Sivagananathan and Avindra Rodrigo. These appointments, […]