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‘s interview with embattled State Minister Sujeewa Senasinghe lights up social media
June14, 2018 (LBO) – On June 12, 2018, 7:39pm Azzam Ameen went live on BBC Sinhala’s Facebook site with his interview of State Minister Sujeewa Senasinghe. The State Minister has been caught up in the controversial bond issue which continues to dominate the headlines in Sri Lanka. The interview showed the power of BBC Sinhala’s […]
Sri Lanka to introduce Euro 4 fuel in July, No impact on current pricing
Jun 14, 2018 (LBO) – Sri Lanka’s Ministry of Petroleum Resources Development said the Government will introduce Euro 4 fuel to the market and replace super diesel and 95 octane petrol, in July.“Euro 4 doesn’t affect petrol (Octane 92) and auto diesel to leave the market and the prices won’t also rise.Euro 4 will be sold as […]
Fitch-rated finance Cos unlikely to face immediate rating action despite new Regs
Jun 14, 2018 (LBO) – Fitch Ratings says finance companies rated by them are unlikely to face immediate rating action, as they believe all have adequate capital to meet the thresholds that will apply from 1 July 2018. Even after taking account of potential RWA changes, based on the current asset mix – and most […]
Ocean Network Express (ONE) commenced calling JCT of SLPA
Ocean Network Express (ONE) commenced calling the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) with the handling of the inaugural vessel MV “Honolulu Bridge” v.100E recently this month. ONE is the ocean carrier formed with the merger of the 3 large Japanese shipping lines of their container operations. The three lines NYK, […]
Meet New Zealand Trade Commissioner for Sri Lanka – Ralph Hays
The Sri Lanka-Australia-New Zealand Business Council of the Ceylon Chamber of Commerce has convened a Networking session on Tuesday 19th June at Mövenpick Hotel Colombo, with the New Zealand Trade Commissioner and his team to coincide with the Sri Lanka Investment and Business Conclave 2018. Ralph has been with NZTE for 7 years and during […]
Children in Sri Lanka at risk of entering adulthood at a disadvantage: UNICEF
Jun 14, 2018 (LBO) – Children in Sri Lanka are at risk of entering adulthood at a disadvantage to their peers, because they have not benefited from the good nutrition, stimulation and protection – known as ‘eat, play and love’ – that enable a brain to grow to its full capacity by the age of 5 […]
‘s Access Engineering (AEL)
June 13, 2018 (LBO) – Due to the lacklustre performance of the Colombo Stock Exchange, foreign investors likely have made significant losses investing in Sri Lankan stocks over the past few years. Some of the largest losses they have experienced in percentage terms are likely to be investments made in shares of Sri Lankan listed […]
Fitch revises Sampath Bank outlook to stable from negative; affirms A+(lka)
Jun 13, 2018 (LBO) – Fitch Ratings has affirmed the National Long-Term Rating of Sampath Bank at A+(lka) and revised the outlook to stable from negative. Fitch has also affirmed Sampath Bank’s subordinated debentures at A(lka). KEY RATING DRIVERS The revision in the Outlook reflects Fitch’s expectation that the bank would be able to sustain […]
Get ready to leave at the end of the term says Godahewa to President Sirisena
June13, 2018 (LBO) – With the Presidential election in Sri Lanka close to 18 months away, potential candidates are positioning themselves ahead of the poll.Former Defence Secretary Gotabaya Rajapaksa, the candidate recently attracting much attention, is trying to stake his claim though experiencing many complications.Foremost among these issues is his American citizenship which he will […]
Sixways Sri Lanka can attract more foreign investment
A Blog by Tatiana Nenova To facilitate Foreign Direct Investment (FDI), Sri Lanka launched last week an innovative online one-stop shop to help investors obtain all official approvals. To mark the occasion, this blog series explores different aspects of FDI in Sri Lanka. Part 1 put forth 5 Reasons Why Sri Lanka Needs FDI. Part […]
Beira Lake to be developed into Commercial hub in Colombo
Jun 13, 2018 (LBO) – Over 200 acres of land around the Baire Lake in Colombo 02 belonging to the Ports Authority, Sathosa and Transport Ministry are being developed as Commercial hub, the ministry of Megapolis and Western Development said.Speaking at the launch of a three kilometre linear park along Beira Lake Megapolis Minister Patali Ranawaka […]
‘t tolerate speculation further; if necessary will use all instruments to discipline
Jun 13, 2018 (LBO) – Sri Lanka’s Central Bank Governor warned forex market players saying that if necessary he is ready to use all the instruments they have to discipline the market and the Central Bank is not going to impose an undue burden on the people.Speaking at a recent event, Governor Indrajit Coomaraswamy said […]