Category:
Ceylon Chamber appoints Dhara Wijayatilake as CEO
The Ceylon Chamber of Commerce, the country’s premier business Chamber, is pleased to announce the appointment of Ms. Dhara Wijayatilake, Attorney-at-Law, as its new CEO w.e.f. 1st March, 2016. Her appointment to the 176 year old Institution comes following the resignation of Mr. Mangala P. B. Yapa, who served as the CEO of the Ceylon […]
Sri Lanka finds more hidden dues of past regime: Ravi Karunanayake
Mar 01, 2016 (LBO) – Sri Lanka has uncovered more dues of the past regime which will affect public finance, Finance Minister Ravi Karunanayake said. According to Karunanayake, Minister S.B. Dissanayake’s ministry has recently revealed that they have a burden on bills to pay an additional 5,423 million rupees. With this new addition government has […]
” on external debt
Feb 29, 2016 (LBO) – Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) one notch to ‘B+’ from ‘BB-‘. A Negative Outlook has been assigned to the IDRs. The issue ratings on Sri Lanka’s senior unsecured foreign- and local-currency bonds are also downgraded to ‘B+’ from ‘BB-‘. The Country […]
ANC Launches their Undergraduate Alumni Association at their ‘U.S. Night’
03rd February, COLOMBO, SRI LANKA- American National College launched their first U.S. Alumni Association at Water’s Edge recently at their ‘US Night’. Speakers at the event included Dr. Punarjeeva Karunanayake, CEO of ANC Education as well as Mr. P.K William, Director of William Investments Pvt. Ltd. and president of the American Alumni Association of Sri Lanka. The […]
Seylan Bank net profit up 24.4 percent for full year
Feb 29, 2016 (LBO) – Seylan Bank reported a reported a record profit after tax of 3,831 million rupees for the year ended 31st December 2015, up 24.4 percent compared with the previous year, the bank said. Profit before tax increased 24.25 percent to reach 5,777 million rupees for the year. Earnings per share was […]
Colombo inflation accelerates 2.7-pct in February
Feb 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 2.7 percent in February 2016 from a year earlier, up from 0.9 percent in January 2016 with the inflation index dropping 0.6 percent in the month, the state statistics office said. As per the statistics office, this increase was mainly due […]
PTL Watch: Yields climb with Sri Lanka bond auction
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/03/29th-February-2016-PDF.pdf”]
President appoints new SLFP organizers to electorates and districts
Feb 29, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed new Sri Lanka Freedom Party (SLFP) organizers to electorates and districts, today. The event has taken place at the President’s Official Residence, Presidential Media Division said. Secretary to the President, P.B. Abeykoon and the General Secretary of the Sri Lanka Freedom Party, Duminda Dissanayake […]
Potential IMF funding helps Sri Lanka fiscal consolidation: MOODY’S
Feb 29, 2016 (LBO) – Over the next three years, potential financing from the IMF can lead to an agreement to implement fiscal consolidation, Moody’s Investors Service said in a report. The statement said although this will lower Sri Lanka’s high fiscal deficits and debt, it will likely require a widening of the small tax […]
CT Properties acquires Keppel CT Developments for Rs550mn
Feb 29, 2016 (LBO) – CT Properties, a subsidiary of CT holdings has acquired Keppel C T Developments Private Limited (KCT) for 550 million rupees from Edmonton Private Limited, the company said in a stock exchange filing. CT Properties held a 40 percent shareholding prior to this acquisition, the company said. It has also obtained […]