GS Health, a member of the George Steuart Group, today announced the re-launch of its intimate wash brand, pH Care in a new 30ml bottle, offering a fresh and healthy experience for women. A specific feminine wash for daily use to keep the delicate external vaginal area clear and fresh all day, pH Care is…
The Ceylon Chamber of Commerce, GIZ SME Development Program together with the University of Leipzig together has planned to conduct a training program to train ‘Innovation Managers,’ The 10 – day course which is expected to be conducted from the 14th to 30th March, 2016 is aimed at promoting an innovation culture among the Sri…
The Colombo Stock Exchange (CSE) is in the process of implementing a Risk-based Capital Adequacy Requirement to all Stockbroker Firms who are Members/Trading Members of the CSE and licensed by the Securities and Exchange Commission of Sri Lanka (SEC). The Risk-based Capital Adequacy Requirement would replace the minimum Net Capital requirement of Rs. 35 million,…
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL; BBB(lka)/Stable) proposed senior secured redeemable debentures of up to LKR1.5bn a ‘BBB(lka)(EXP)’ National Long-Term expected rating. A full list of rating actions is at the end of this rating action commentary. The issue will have three tranches with bullet principal repayments in the third, fourth and…
The student group from GITAM School of International Business (GSIB) is visiting Colombo to study the port activities in Sri Lanka and the student group will also exclusively interact with Members of Chamber of Commerce, Colombo, Sri Lanka. According to GSIB Director Prof.V.K.Kumar the School had initiated the international study tour program two years back…
Fitch Ratings has assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR7bn a final National Long-Term Rating of ‘AA-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected ratings assigned on 3 November…
Google’s balloon-powered high-speed internet service known as “Project Loon” has started testing in Sri Lanka ahead of a planned joint venture with the government. One of three balloons being used in the trials entered Sri Lankan airspace on Monday, having been launched in South America, said Muhunthan Canagey, the government’s information and communications technology chief….
Reuters – Feb 15 Sri Lankan shares edged down for the sixth straight session on Monday to close at a more-than-three-week low, as rising domestic interest rates forced investors to stay off risky assets while concerns over global worries also weighed. Sri Lanka’s main stock index ended down 0.27 percent at 6,266.17, its lowest close…
This year promises to be an interesting one for world aviation. Fuel prices are near historic lows and global demand remains strong. SriLankan Airlines, similar to international carriers world over, has had to respond to this highly competitive market environment by re-evaluating its current operations and re-deploying capacity to more sustainable routes and destinations. Accordingly,…
Expolanka recorded a profit before tax (PBT) of Rs 563 million for the third quarter of the financial year posting an overall profit growth of 14% in comparison to the corresponding period of the previous financial year. The recorded profit attributable to equity holders for the third quarter was Rs. 344 million. The recorded PBT…
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