Holcim (Lanka) Ltd, a member of the LafargeHolcim Group and a leading company in building materials, together with Maga Engineering (Pvt) Ltd, Sri Lanka’s leading construction & engineering company, officially signed a memorandum of understanding (MoU) on 1 March 2016, on working towards a path of sustainability for the Sri Lankan construction industry. The MoU…
A Range Of Educational And Training Material On The Capital Market Can Now Be Accessed Online Via www.cse.edu.lk Catering to a growing interest amongst the public in improving skills and knowledge related to the capital market, the Colombo Stock Exchange (CSE) officially launched its online Educational Portal in partnership with thinkCube Systems (Pvt) Ltd today….
Fitch Ratings-Singapore/Colombo-02 March 2016: Fitch Ratings has downgraded the Issuer Default Ratings (IDR) of Bank of Ceylon (BOC) and National Savings Bank (NSB) to ‘B+’ from ‘BB-‘ and downgraded the IDRs of People’s Leasing & Finance PLC’s (PLC) IDRs to ‘B’ from ‘B+’. The IDRs of DFCC Bank PLC (DFCC) were affirmed at ‘B+’. The…
Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government-guaranteed bonds to ‘B+’ from ‘BB-‘. This follows the downgrade of Sri Lanka’s Long-Term Foreign and Local-Currency Issuer Default Ratings to ‘B+’ with a Negative Outlook (see ‘Fitch Downgrades Sri-Lanka to ‘B+’; Outlook Negative’, dated 29 February 2016). The national carrier’s bonds…
Fitch Ratings has downgraded Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B+ from ‘BB-‘. The Outlook on the IDRs is Negative. The agency has affirmed SLT’s National LongTerm Rating at ‘AAA(lka)’ with a Stable Outlook. The rating action follows Fitch’s downgrade of Sri Lanka’s Long-Term Foreign- and Local…
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insurance Corporation (SLIC) to ‘B+’ from ‘BB-‘. The Outlook is Negative. The rating actions follow the downgrade of Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ (see “Fitch Downgrades Sri-Lanka to ‘B+’; Outlook Negative,” dated 29 February 2016…
KARACHI: GFC Fans, one of the leading electric fan manufacturers in the country, is going to ship fans worth $50,000 to Sri Lanka, the Trade Development Authority of Pakistan (TDAP) announced on Tuesday. The company received the order while participating in Pakistan’s first single-country exhibition in Sri Lanka. The event, held from January 15-17, 2016,…
German citizens now hold the most powerful passport in the world, according to new findings. The rankings were created by Henley & Partners, a citizenship and planning firm, who based their research on how many countries can be visited without applying for a visa. While New Zealand failed to rank in the top five of…
New Zealand company Patton Limited has signed a memorandum of understanding (MoU) with one of Sri Lanka’s largest air conditioning and refrigeration company Frostaire Limited. The MoU outlines an agreement for the sole distribution of Patton brand of evaporators and condensing units for cold room applications in the Sri Lankan market. Like New Zealand, Sri…
Three students were selected to represent Sri Lanka at the Intel® International Science and Engineering Fair® (Intel ISEF) 2016, after they excelled at the recently-held Sri Lanka Science and Engineering Fair (SLSEF) 2016 with their innovative healthcare solutions. Master Chamindu Jayasanka from Hanwella Rajasinghe Central College was adjudged the winner at this year’s competition, whilst…
Video Story
