Category:
Opinion: Suren Ratwatte was underpaid as CEO of Sri Lankan Airlines
July 23, 2018 (LBO) – A recent uproar has been created by the Right to Information Commission’s disclosure of the executive compensation package of former Sri Lankan Airlines CEO Suren Ratwatte.The disclosure indicated that Ratwatte made approximately US$20,000 monthly basic salary as CEO, plus perks which can be estimated at US$5000 per month. The indicates […]
Colombo Port transshipments up by 19.8-pct in 1H; targets 7mn TEUs for 2018
July 22, 2018 (LBO) – Establishing a record in transshipment operations, the Colombo Port has witnessed the highest growth of 19.8 percent in transshipment container throughput for the first half of 2018 as against the corresponding period in 2017.During the first half of 2018, the Port of Colombo handled 2,733,906 TEUs of transshipment containers as […]
Guardian Acuity Asset Management Unit Trust Funds bags Gold and Silver
MEDIA RELEASE July 22, 2018 (LBO) – Guardian Acuity Asset Management underlined its position as one of Sri Lanka’s leading unit trust management companies, winning the Gold and Silver awards for the Best Unit Trust Fund at the CFA Sri Lanka Capital Market Awards 2018, held in Colombo Tuesday 26th June 2018. The Guardian Acuity […]
OPINION: The Sri Lankan tourist industry’s ignorance of the North starts at the top
By Jekhan Aruliah I must first congratulate the Sri Lanka Tourist Development Authority (SLTDA) before I criticise it. Just a few days after the publication of my article in June 2018 complaining their “Sri Lanka Tourist Attractions” map showed nothing in the Northern Province other than Jaffna’s airport, the SLTDA replaced that barren old map. […]
Colombo stocks finish higher for second straight week, JKH up 4%
July 20, 2018 (LBO) – The Colombo Stock Exchange closed higher for the second straight week. After several consecutive weeks of decline, the major indices have managed to string together back to back weeks of gains. The All Share Price Index (ASPI) was up close to 1% and the S&P SL 20 was up close […]
LAUGFS IT triumphs at BestWeb.lk 2018
LAUGFS IT successfully clinched multiple awards for the fourth year at the recently concluded “BestWeb.lk 2018” competition. The LAUGFS Holdings corporate website bagged the Gold Award in the ‘Corporate Category’, Bronze Awards in the ‘Overall Category’ as well as the ‘Special Category for the Best Tamil Website’, and the Merit Award for the ‘Best Web […]
Multi Finance to top up capital with Rs200mn private placement
July 20, 2018 (LBO) – Central Bank of Sri Lanka (CBSL) registered finance company Multi Finance is to increase its capital base by way of private placement. The Colombo Stock Exchange listed company is to raise Rs200mn at Rs13/share which is approximately the net asset value of the company. The shares will be placed with […]
Sri Lanka launches online platform to provide all import, export information
July 20, 2018 (LBO) – Sri Lanka’s Department of Commerce with the help of other government agencies launched a trilingual online platform to facilitate importers and exporters in the country. Sri Lanka Trade information portal (SLTIP) which is the single stop point for all information relating to import and export in Sri Lanka can be […]
Janashakthi Life’s high-flyers qualify for million dollar round table
Janashakthi Insurance PLC announced that 14 members from its Sales team had qualified for the prestigious Million Dollar Round Table (MDRT) membership in 2018. This continues Janashakthi’s long streak of double digit MDRT qualifiers. Amongst this year’s group are several 2nd and 4th time qualifiers including H L A Harshana from the Company’s Colombo City […]
Sri Lankan not included in world’s top airlines
July 20, 2018 (LBO) – The national carrier, Sri Lankan Airlines, was not included in the top 50 airlines at the annual Skytrax awards, considered the premier airline awards event in the world.Sri Lankan Airlines barely made it into the top 100, placing at 95, down from 81 in 2017. No Indian carrier made the […]
”’
Jul 20, 2018 (LBO) – Fitch Ratings has assigned Singer (Sri Lanka) PLC’s (A- (lka)/Stable) proposed senior unsecured redeemable debenture issue of up to LKR1.5 billion an expected National Long-Term Rating of ‘A-(lka)(EXP)’. The proposed debenture is rated at the same level as Singer’s National Long-Term Rating, fitch said. The full statement follows Fitch Ratings-Colombo-20 July […]
Nation Lanka Finance squeaks out a profit in the June quarter, deposits at Rs7.7bn
July 20, 2018 (LBO) – Colombo Stock Exchange listed company Nation Lanka Finance PLC (CSF) has turned a profit in the quarter ended June 30, 2018. The Central Bank of Sri Lanka (CBSL) registered finance company is the first listed finance company to report earnings for the quarter ended 20 days ago. The company reported […]