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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 […]
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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 […]
Construction industry future outlook positive, but challenges remain: RIU study
Jul 20, 2018 (LBO) – As a part of its ongoing research into the real estate and construction industry Research Intelligence Unit (RIU) conducted a survey among multifarious construction industry companies operating in Sri Lanka. Working with LECS, who recently held the 7th edition of their annual Construction Expo, the aim of this latest RIU […]
National Export Strategy: Sri Lanka targets USD28Bn in exports by 2022
Jul 20, 2018 (LBO) – Sri Lanka’s government unveiling the ‘National Export Strategy (2018-2022)’ in Colombo yesterday said it plans to increase the capacity of the local export sector while also improving trade performance and competitiveness. The five-year plan will help to make Sri Lanka a major regional export hub with the launch of this […]
‘s Pulimood Memorial Oration
July 20, 2018 (LBO) – Visakha Vidyalaya will hold its annual Susan George Pulimood Memorial Oration on the 23rd July to commemorate the birthday of Mrs. Pulimood who served the school as Principal for 22 years. This year the oration will be delivered by Prof. Niranjanie Ratnayake, Emeritus Professor, Department of Civil Engineering, University of Moratuwa, President, Institution […]
Sri Lanka Trade Information Portal to be unveiled tomorrow
July 19, 2018 (LBO) – Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the World Bank supported Sri Lanka Trade Information Portal (SLTIP) on Friday in Colombo. World Bank supported Trade Information Portals (TIP) across the world provide information that traders need to […]
SLPA, JCT, SAGT and CICT to hold first ever Port of Colombo Awards Night
Sri Lanka Ports Authority (SLPA) in collaboration with the Jaya Container Terminal (JCT), South Asia Gateway Terminals (SAGT) and the Colombo International Container Terminals(CICT) for the first time, has organized the Port of Colombo Awards Night 2018. The ceremony will be held on Monday 23rd July 2018 at 06.00pm at the Shangri-La Hotel, Colombo. The […]
Anantaya Resorts and Spas receive TripAdvisor certificates of excellence 2018
Reaffirming its efforts toprovide an exceptional guest experience, Anantaya Resorts and Spas recently received the ‘Certificate of Excellence 2018’ from TripAdvisor.Offering a luxury experience amidst tranquil settings, the Anantaya Resorts in Pasikudah and Chilaw have consistently earned positive reviews from both local and international travellers. Commenting on the certificate received, LAUGFS Leisure Director/Chief Executive Officer, […]
AMCHAM presents insights on FDI and U.S. investor perspectives in Sri Lanka
Jul 18, 2018 (LBO) – In order to facilitate continued investment within Sri Lanka it is important to have clarity on the FDI landscape, and identify potential barriers as well as possible solutions, the American Chamber of Commerce (AMCHAM) in Sri Lanka said. The Chamber releasing a statement said that these are the key objectives addressed […]
Additional loan for Kaluganga project from Saudi Fund for Development
The Kaluganga Development Project is currently being implemented by the Ministry of Mahaweli Development and Environment with the financial assistance of Saudi Fund for Development (SFD), Kuwait Fund for Arab Economic Development (KFAED) and OPEC Fund for International Development (OFID). Kaluganga Reservoir has a capacity of 265 million cubic meters (MCM) of water and will […]