LAUGFS Gas Plc and Standard Chartered announced the first-ever private sector financing facility in Sri Lanka supported by China Export and Credit Insurance Corporation (SINOSURE) for the 30,000 MT LAUGFS Import and Export Terminal at Hambantota. As a principal party to this transaction, Standard Chartered acted as the coordinating bank, sole facility arranger and lender…
Chamber is now calling applications for the ‘Best Corporate Citizen Sustainability Award 2017’ Hayleys PLC, the Grand Slam Winner of the ‘Best Corporate Citizen Sustainability Award 2016’ says sustainable way is the only way to operate a successful business. This was said by Hayleys PLC, when Ms. Imara De Chickera, General Manager of Corporate Communications…
The Sri Lankan industry sector has called for an enhanced role of the UN in its development while the UN praised Sri Lanka’s commitment to sustainable and inclusive industrialization in line with Target 9.2 of the global Sustainable Development Framework. “It’s great that the Ministry of Industry is committed to the Sustainable Development Framework” said…
Reuters – Sri Lankan shares ended weaker on Monday, lingering near a four-month low, in their lowest turnover in nearly a month, as investors awaited direction on a new tax reform bill after a string of disappointing June-quarter corporate results. The Colombo stock index fell 0.24 percent, or 15.75 points, to 6,420.53, hovering near its…
The Monetary Board, with the concurrence of the Minister of Finance, has promoted Assistant Governor C.J.P. Siriwardana to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 19th August 2017. Mr. Siriwardana has over 31 years of experience in the Central Bank especially in the areas of Economic…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), remained unchanged from the previous month at 6.3 per cent in July 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in July 2017. The…
A joint letter of intent was signed between the Board of Investment of Sri Lanka and Rojana Industrial park Public Company Limited from Thailand, at the auditorium of the BOI today (21). The Joint Letter of Intent was signed on behalf of the BOI by Mr. Dumindra ratnayaka, Chairman and Mr. Direk Vinichbutr, President on…
The set of proposals to increase taxes on soft drinks prepared by WHO was handed over to Health Minister Rajitha Senaratna by WHO resident Representative Dr. Razia Pendse recently. The proposal was prepared by WHO on a special request made by Minister Senaratna. Diabetes is spreading among adults and children and 10percent of the population…
Takes over the reins as new president of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) for 2017/18 at SLCPI’s 56th Annual General Meeting Newly-elected President of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) Shyam Sathasivam, Managing Director of Sunshine Healthcare Lanka (Pvt) Ltd, urged the Government to consult and collaborate with all key…
Fitch Ratings Lanka has affirmed Bimputh Finance PLC’s National Long-Term Rating at ‘BB(lka)’. The Outlook is Stable. KEY RATING DRIVERS Bimputh’s rating reflects its small franchise compared with higher-rated peers and high-risk appetite stemming from its microfinance-dominated loan portfolio, which Fitch sees as risky due to the segment’s greater susceptibility to economic cycles. Fitch’s assessment…
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