Tag: lbo.lk
ICRA Lanka assigns [SL]A-rating for Prime Lands and Prime Residencies
Mar 11, 2020 (LBO) – Rating action ICRA Lanka Limited, Subsidiary of ICRA Limited, Group Company of Moody’s Investors Service has assigned the Issuer rating of [SL]A- (pronounced SL A minus1) with Stable outlook for Prime Lands Residencies (Pvt) Limited (“PRIMER”/ “the Company”). ICRA Lanka has taken a consolidated view of the Prime Group, in […]
Opinion: Is life insurance an absolute necessity?
By Indu Attygala The global life insurance industry is estimated to have grown by around 3% in the past years. Much of this growth has been led by the robust performance of investment products in emerging markets, especially in Asia. In comparison, the Sri Lankan Life insurance industry was the most attractive industry by the […]
Sri Lanka stocks close down
Mar 11, 2020 (LBO) – Following global markets, the Colombo Bourse took an expected beating Tuesday with both indices tumbling heavily during the initial ten minutes of trading. With the S&P SL20 index succumbing to a 5% drop at the initial hour, a trading halt was imposed for half an hour. Although, the initial panic […]
CSE trading halted temporarily: Trading to re-commence by 10.12 am
Mar 10, 2020 (LBO) – Trading at Sri Lanka’s Colombo Stock Exchange (CSE) has been halted temporarily following the S and P index dropping below 5 percent, stockbrokers said. The S and P index fell 124.28 points or 5.01 percent soon after it opened for trading Tuesday following a long weekend break. “The market will […]
WHO officially declared COVID-19 a pandemic
Mar 10, 2020 (LBO) – The World Health Organization officially declared COVID-19 a pandemic. As cases of the coronavirus surge in Italy, Iran, South Korea, the U.S. and elsewhere, many scientists say it’s plain that the world is in the grips of a pandemic — a serious global outbreak. Until now, the World Health Organization […]
SriLankan Airlines suspends flights to Kuwait : Qatar suspends travel to and from island
Mar 10, 2020 (LBO) – SriLankan Airlines has suspended its services between Sri Lanka and Kuwait from 6 March to 12 March. The move is following a decision by the Directorate General of Civil Aviation of Kuwait to temporarily suspend incoming flights from Bangladesh, Philippines, India, Sri Lanka, Syria, Lebanon and Egypt for one week. […]
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we’re discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to improve their job prospects and remain at work. World Bank Country Director for Maldives, Nepal and Sri Lanka Dr. Idah Pswarayi-Riddihough was featured in a “Spotlight Series” interview with […]
AXIATA digital labs embarks on successful journey as digital service provider
Mar 10, 2020 (LBO) – AXIATA Digital Labs (ADL), a subsidiary of the AXIATA Group, Berhad, Malaysia has emerged as a ground breaking digital start-up providing optimal digital solutions, primarily to AXIATA Group. ADL was launched on the 1st of January 2019 and celebrated its first anniversary in 2020. The tech start-up thrives as the […]
COVID-19 Outbreak to have significant economic impact on developing Asia: ADB
Mar 10, 2020 (LBO) – The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects, according to a new analysis by the Asian Development Bank (ADB). The […]
Emirates introduces generous waiver policy
Mar 10, 2020 (LBO) – Emirates is providing customers more flexibility, choice and value through its newly introduced waiver policy for all booked tickets issued on or from 7 March until 31 March 2020, allowing customers across its network the choice of changing their travel dates without change and reissuance fees. The move provides Emirates’ […]
Fitch rates Ceylon Electricity Board’s proposed debentures ‘AA+(lka)’
Fitch Ratings has assigned Ceylon Electricity Board’s (CEB: AA+(lka)/Negative) proposed senior unsecured debenture issue of up to LKR20 billion a National Long-Term Rating of ‘AA+(lka)’. The debentures constitute direct, unsubordinated and senior unsecured obligations of CEB and are rated at the same level as the entity’s National LongTerm Rating. CEB’s ratings are equalised with that […]
Emirates pays tribute to women with 120 female-directed films on board
Ten years after Kathryn Bigelow became the first woman to win an Oscar for Best Director for the movie Hurt Locker, Emirates, one of the world’s biggest screeners of movies, is paying tribute to women through the medium of film to mark International Women’s Day 2020. The airline will offer passengers a new folder on […]