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Fitch downgrades Kotagala Plantations to CC (lka) on worsening liquidity
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/05/Kotagala-Plantations-RAC-May-2017.pdf” title=”Kotagala Plantations RAC May 2017″]
”s Bank buys PMF land in Colombo
May 24, 2017 (LBO)- People`s Merchant Finance (PMF) had sold its 108-perch property in Colombo 02 to People’s Bank for 1.04 billion rupees in order to help settle debt. “The funds will be used to strengthen the finance company’s core capital in order to meet minimum capital requirements under the finance companies directive no. 01 […]
‘s Commercial Bank offers e-FDs for foreign currency accounts
May 24, 2017 (LBO) – Sri Lanka’s Commercial Bank’s Online Banking platform has been further enhanced with the introduction of electronic fixed deposits (e-FDs) in both local and foreign currencies. The Bank has announced that e-FDs can now be opened from the Bank’s online portal at www.combank.lk “We are aware that there is a lot […]
Sri Lanka to streamline recruitment process for working in S Korea
The Minister of Foreign Employment of Sri Lanka Thalatha Atukorale discussed cooperation in the employment sector in relation to Sri Lankan workers under the Employment Permit System (EPS) in the Republic of Korea during her meeting with the Korean Minister of Employment and Labour Lee Ki-kweon on Thursday 18 May 2017 in Seoul. Minister Atukorale […]
| LBR LBO Brand Summit 2017
Marketing in the time of Digital – Jonathan Bonsey | LBR LBO Brand Summit 2017
Dialog paves way for 5G with successful MIMO trial
May 24, 2017 (LBO) – Sri Lanka’s Dialog Telecom said they have successfully completed a trial of next-generation, MIMO (Multiple-Input Multiple-Output) Technology. “In the race to 5G with unprecedented improvements in network throughput and capacity, MIMO is considered the most compelling technology with superior energy and spectral efficiency,” the company said in a statement. “Dialog […]
Ravi Karunanayake wants more under his purview: reports
May 24, 2017 (LBO) – Sri Lanka’s newly appointed Foreign Minister Ravi Karunanayake wants to bring the Securities and Exchange Commission under his purview along with several other institutions, media reports said. The Daily Mirror reported that the move to place SEC under him comes in the wake of a controversial liquor company making plans […]
‘s retail sector, says Takas CEO
May 24, 2017 (LBO) – Sri Lanka’s online retail sector is booming, which poses a threat to traditional retail stores. Online stores too are battling it out for market share. Lanka Business Online spoke to Lahiru Pathmalal, the CEO of Takas.lk, one of the top online retailers in the island, to find out how the […]
Marketing in the time of Digital – Jonathan Bonsey | LBR LBO Brand Summit 2017
Marketing in the time of Digital – Jonathan Bonsey | LBR LBO Brand Summit 2017https://youtu.be/z4pcIWhetdk
‘s Lakdhanavi to build power station in Bangladesh
May 23, 2017 (LBO) – Sri Lanka’s Lakdhanavi, the power generation arm of LTL Holdings, has been awarded a contract by Bangladesh Power Development Board (BPDB) to construct a 114 MegaWatt thermal power plant in the country. The award was through international competitive bidding process, the company said a statement. The Company expects to finance […]
Nawaloka Holdings acquires machinery manufacturer & distributor Alcobronz
(Press Release) Nawaloka Holdings, a diversified conglomerate in Sri Lanka recently acquired the leading machinery Manufacturer, Importer and Distributor Alcobronz (Pvt) Limited. With over 40 years of experience in the Woodworks, Metalworks, Dust Management Systems and Aerospace Industries, Alcobronz is one of the largest manufacturers and distributors of machinery in the island. Speaking on the […]
Authentic Japanese restaurant opened at Waters Edge
Waters Edge together with Ginza: the authentic Japanese restaurant launched a one-of-a-kind restaurant recently. The Chief Guest at the opening ceremony was Minister of Megapolis and Western Development Hon. Patali Champika Ranawaka while the Guest of Honour was the Ambassador of Japan Kenichi Suganuma. Speaking on the launch of the lounge Chairman of Waters Edge […]