Australia: Ananda Sirisena & Company, a registered corporate secretaries and incorporator recently put Sri Lankan company secretaries on the global map by launching its first overseas office in New South Wales, Australia. The much sought after firm which has successfully incorporated companies for more than 30 years in Sri Lanka was founded by S. Ananda…
Registrations of motorcars during the month of January 2017 have been 3,101. When compared to the total registrations of motorcars during December 2016 which stood at 3,487 this is a drop of 11 percent, reveals a survey carried out by JB Securities. Meanwhile, when compared to the total number of motor vehicles numbering 45,218 which…
Norwegian Government Pension Fund Global, started investing in Sri Lanka in 2015. The fund has more than doubled its investment in Sri Lanka by end of 2016. The Norwegian Government Pension Fund Global is a sovereign wealth fund, with a mandate to safeguard and administer the Norwegian government’s revenue from the oil and gas sector….
Jaguar Land Rover’s renaissance continued today with the launch of the Velar, the fourth member of the 47-year old Range Rover family. In a further show of support for the British car industry, the company confirmed the Velar will be built exclusively at its flagship Solihull plant in the West Midlands. Since going on…
A ban on cola drinks made by multi-national beverage companies such as Pepsi Co and Coca-Cola came into effect in Tamil Nadu from Wednesday (01), signalling the rise of quick nationalism in India. Determined to show its support towards Indian companies, the Federation of Tamil Nadu Traders Associations (FTNTA) and the Tamil Nadu Traders…
Reuters – Sri Lanka has approved reforms to make loss-making state firms more efficient and put them on a path towards autonomy, in line with International Monetary Fund conditions for a $1.5 billion loan, an official document showed on Wednesday. The move comes as Sri Lanka struggles with heavy debts and balance-of-payments pressure while…
Participants at the forthcoming ‘Future of Business’ Innovation Strategy and Learning Event will learn from innovation strategies of Sri Lanka’s champion firms, get a unique ‘peek in’ from those driving the change, and learn new concepts, tools, and systems. Set for the 24th of March, this unique event will give Sri Lankan business executives practical…
Sri Lanka Telecom PLC released its Group and Holding Company Financial Results for the year ending 2016, which revealed a healthy revenue growth by 8.5% and profits up by 28.6% compared to 2015. The Group comprises of the holding Company and eight subsidiaries including Mobitel (Pvt) Ltd, the mobile arm. The Group recorded a net…
Dairy sector is one of the important sectors of the national economy that has high potential for improving the livelihood and income levels of poorer segments in the society whilst fulfilling the nutritional requirements of the population. Currently, Sri Lanka imports approximately 70 percent of its dairy products requirements spending considerable foreign exchange. Successive Governments…
Fitch Ratings-London/Colombo-28 February 2017: Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s International Fund Credit Quality Rating at ‘B+f’ and Fund Market Risk Sensitivity Rating at ‘S5’. The fund is managed by Ceylon Asset Management (CAM). KEY RATING DRIVERS The affirmation of the ‘B+f’ International Fund Credit Quality Rating is driven by the weighted-average rating…
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