The report of the Demographic and Health Survey – 2016 conducted jointly by the Department of Census and Statistics (DCS) and the Ministry of Health, Nutrition and Indigenous Medicine (MoHNIM) launched on 18th September 2017. The First copy of the report on SLDHS – 2016 was presented to Mr. Faizal Cassim, the Hon. Deputy Minister…
With 87 out of 100 points, place 1 in the insurance sector Dow Jones Sustainability Index most important sustainability market worldwide Allianz ranked among the best for seventeen consecutive years Allianz Group has taken the leading position among all rated insurance companies in the latest Dow Jones Sustainability Index (DJSI). Allianz has been one of…
Bags SABRE Asia Pacific ‘Best in Show’ Platinum Award, a Gold Award and lines up for a Global SABRE Award Ogilvy Public Relations Sri Lanka succeeded in finishing ahead of 1,200 of the best award entries from across the Asia Pacific region at the SABRE APAC Awards held in Hong Kong recently. The agency’s ‘Uncover…
Reuters – Sri Lanka is considering listing two state-owned banks and an insurance company next year, by selling stakes of at least 10 percent in each, government, regulatory and exchange officials told Reuters on Wednesday. Bank of Ceylon, the largest lender in the island nation, People’s Bank, and Sri Lanka Insurance are all earmarked for…
Construction of the 242-unit ‘Capital Heights’ luxury apartment project commenced on 18th September 2017,when Blue Star Realties (Pvt) Ltd., a Member of Access Engineering PLC, formally received China State Construction Engineering Corporation Ltd.,(CSCEC) to the site in Buthgamuwa Road, Rajagiriya. CSCEC mobilised its team to the site, in association with Access Projects (Pvt) Ltd., as…
Microsoft has appointed Hasitha Abeywardena as Country Manager for Sri Lanka and Maldives. Abeywardena, who joined Microsoft Sri Lanka in 2015 as the Director for Enterprise Business, will take over the role from Brian Kealey. Kealey, in turn, will take up his new role as APAC Pursuit Lead in the Emerging Markets Digital Transformation Organization…
Fitch Ratings says Hayleys PLC’s acquisition of a controlling stake in Singer (Sri Lanka) PLC (Singer, A-(lka)/Stable) is neutral for Singer’s rating. This is because Hayleys’ balance sheet will be stretched significantly following the completion of the Singer acquisition despite Hayleys’ stronger business risk profile as the purchase is likely to be largely funded by…
Reuters – Sri Lankan shares gained for a fourth straight session on Tuesday to mark a four-week closing high on foreign buying in blue-chips. Foreign investors bought a net 129.9 million rupees ($848,188) worth of shares on Tuesday, extending the year-to-date net foreign inflow to 17.1 billion rupees. The Colombo stock index ended up 0.29…
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The notes, the first Basel III compliant subordinated debt in Sri Lanka, will total LKR6 billion, mature in five years and carry fixed coupons. The notes include a non-viability clause and will qualify as…
Making her first visit to the Colombo Stock Exchange (CSE), the Chief Executive Officer of the World Federation of Exchanges (WFE) Ms. Nandini Sukumar commended the special relationship between the two organizations and stressed on the important contribution made by the CSE to regional capital market development. Her visit aims to further strengthen the relationship…
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