Category:
”; Outlook Stable
(PRESS RELEASE) – Colombo30 August 2016: Fitch Ratings has affirmed Sri Lankabased Lion Brewery (Ceylon) PLC’s (Lion) National LongTerm Rating of ‘AA(lka)’ with a Stable Outlook. Fitch has also affirmed the National LongTerm Rating of ‘AA(lka)’ on Lion’s outstanding senior unsecured debentures. Fitch has maintained a Stable Outlook despite Lion’s weakening credit metrics due to […]
PTL Watch: Longer tenure bond yields slightly higher
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Sri Lankan rupee steady ahead of cenbank policy rate meeting
Aug 30, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday ahead of a central bank policy meeting later in the day, as exporter dollar sales offset mild importer demand for the greenback, dealers said. The central bank is expected to keep its key interest rates steady at the monetary policy rate meeting, […]
Opinion: Viharamahadevi Park – Time To Finish What Gotabaya Started
By Lancelot Viharamahadevi Park, once called Victoria park, is the showcase public park for the city of Colombo. It rests in a place of prominence in our city and has a vital role to play in the development and beautification of the proposed Megapolis. I have visited the park well over one hundred times in […]
GAAM: Net foreign outflow of Rs656 mln last week
Download the Guardian Acuity Asset Management weekly report here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Weekly-Report-GAAM-27-08-16.pdf” title=”Weekly Report GAAM 27 08 16″]
Sri Lankan firms asked to implement ‘sourcing strategies’ during a Ceylon Chamber seminar
An expert asks Sri Lankan firms to have a sound ‘sourcing strategy’ in order to help improve the overall business performance by sourcing the rights products at the right price and at the right time. Tom Albrigston, a director at the Norway based Fair Deal AS, said it is important for firms to have an […]
UK, Australia and Taiwan issue travel advisories for Singapore on Zika cases
Aug 30, 2016 (LBO) – Countries including the U.K., Australia and Taiwan have issued travel advisories for tourists to Singapore after the nation announced a further increase in Zika cases. Singapore’s Ministry of Health confirmed 15 more cases of locally-transmitted Zika virus on Monday, bringing the total number of affected to 56, CNBC reported. The […]
‘s website
COLOMBO, Aug 29 (Reuters) – Sri Lanka police on Monday arrested a 17-year old school boy on suspicion of hacking into the president’s official website, demanding that his university entrance examination dates not be changed, officials said on Monday. The website of President Maithripala Sirisena, www.president.gov.lk, was first hacked on Thursday and then again on […]
Asia stocks bounce, dollar dips on Fed hike doubts
SYDNEY, Aug 30 (Reuters) – Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike rates as soon as September undermined the dollar, while investors continued to count on more policy stimulus elsewhere in the world. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.4 percent, recouping around half of Monday’s […]
China to fund Ratnapura expressway project
Aug 29, 2016 (LBO) – The EXIM bank of China has agreed to fund civil work construction of the proposed Ratnapura Expressway (73.9 kilometers) from Kahathuduwa interchange on the Southern Expressway to Pelmandulla, a statement said. “Feasibility studies, preliminary design and environmental impact assessment are being carried out at present,” a statement on the latest […]
Sri Lanka’s Volkswagen project temporarily halted: Minister
Aug 29, 2016 (LBO) – The proposed project to set up a Volkswagen car plant in Sri Lanka has temporarily been halted, Deputy Minister of Public Enterprise Development Eran Wickramaratne said. “Due to the international issues they had to face, they have decided not to invest in this project in Sri Lanka for now,” Wickramaratne […]
Fitch affirms Sri Lanka Insurance Corporation at IFS B+/Negative
Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) rating at ‘B+’ with a Negative Outlook. The agency has also affirmed the National IFS rating and National Long-Term Rating at ‘AA(lka)’ with a Stable Outlook. KEY RATING DRIVERS SLIC’s IFS rating is capped by Sri Lanka’s Long-Term Local-Currency Issuer Default […]