Category:
”’ rating: Fitch
Oct 10, 2015 (LBO) – Sri Lanka’s Sampath Bank’s subordinated debentures has been assigned a National Long-Term Rating of ‘A(lka)(EXP)’, Fitch ratings said in a statement. The full report follows: Fitch Rates Sampath Bank’s Subordinated Debt ‘A(lka)(EXP)’ Fitch Ratings Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel II-compliant subordinated debentures an expected National Long-Term Rating […]
Mid-year staff transfers, a routine matter: Central Bank
Oct 09, 2015 (LBO) – Sri Lanka’s Central Bank on Friday said their mid-year staff transfers are a routine matter and provides an employee to experience varied areas of central banking activities. Releasing a statement the bank stated that the practice has taken place annually for several years.“A work transfer is a way to help […]
Janashakthi to3.2bn
Oct 09 2015, (LBO) – Sri Lanka’s Janashakthi Insurance said on Friday it was purchasing a 100 percent stake of AIA General Insurance Lanka, a fully owned subsidiary of AIA Insurance Lanka for 3.2 billion rupees. The timeline of completion of the proposed acquisition, once required approvals are secured, is expected to be on or […]
PTL Watch: Yields dip, CBSL holding of govt securities rise
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CHE DAY 2015 in Jaffna
CHE DAY 2015 in Jaffna – 08.10.2015
ESET appoints Kumar Sangakkara as Brand Ambassador in Sri Lanka
ESET, a global leader in IT security, recognized as a pioneer of proactive protection against cyber threats and secure content management, recently appointed Sri Lanka’s favourite cricketer and former captain of the Sri Lankan national team, Kumar Sangakkara, as their Brand Ambassador in Sri Lanka. Considered a gentleman cricketer for his unique style of cricket, […]
Uni of Kelaniya organizes Inter University Best Speaker Contest
BEST SPEAKER 2015: TRANSCENDING BOUNDARIES OF COMMUNICATION For most people, public speaking is a daunting task. But for undergraduates, it is very important to be able to speak in front of people, deliver oral presentations, and be confident at interviews & business meetings. The University of Kelaniya Gavel Club, is a pioneer in training undergraduates […]
Sri Lanka needs a common framework for pensions: economists
Oct 09, 2015 (LBO) – All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate pension is essential to ensure income security for elderly, without being dependent,” Nisha Arunatilake of Institute of Policy Studies of Sri Lanka said. She was speaking at the National […]
Sri Lanka to revive Sathosa with help from Singapore
Oct 09, 2015 (LBO) – Sri Lanka’s state owned retail chain Lanka Sathosa aims to get support to revive from Singapore as the retail chain is making continues losses, ministry of industry and commerce said in a release. Lanka Sathosa owned more than 310 outlets around the island. “We are restructuring LAKSATHOSA and are still […]
Not satisfied with past performance of Central Bank: PM
Oct 08, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament Thursday that he is not satisfied with the past procedures and performance of the Central Bank.Bringing a motion, Parliamentarian Dinesh Gunawardena charged that over 200 officials from Central Bank have been transferred from their positions after the 2015 general elections. Wickremesinghe, however, said […]
Sri Lanka to get Euro 43.7mn grant, technical assistance from EU
Oct 07, 2015 (LBO) – Sri Lanka will be getting 43.7 million euro as grant and technical assistant from the European Union, government told reporters Thursday.The European Union has agreed to provide grant assistant of 30 million of euros to finance in support of the integrated rural development programme in Central and Uva provinces, which […]
Sri Lanka stocks close flat, Net foreign out flow
Oct 08, 2015 (LBO) – Sri Lankan stocks closed flat on Thursday with low investor interest due to lack of policy directions, brokers said. The Colombo benchmark All Share Price Index closed flat at 7,085.65. S&P SL20 closed 3.09 points lower at 3,818.60 lower 0.08 percent. Turnover was 850 million rupees, up from 636 million […]