The Vocational Training Authority of Sri Lanka (VTA) announced the inauguration of its vocational training centre in Kaithady, Jaffna, on 4th March 2016. The Vocational Training in the North and East of Sri Lanka (VTN) Project is a bilateral cooperation between the Democratic Socialist Republic of Sri Lanka and the Federal Republic of Germany. The…
Reuters – Investigators suspect unknown hackers installed malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, for how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday. More than a month after hackers breached Bangladesh Bank’s systems and attempted to steal…
Islamabad—Sri Lankan High Commissioner Major General (rted) Jayanath Lokuketagodage called on Finance Minister Senator Mohammad Ishaq Dar here Saturday and discussed matters pertaining to bilateral cooperation. He was accompanied by Ms Wijayanthi Edirisinghe, Minister and Head of Chancery of the High Commission of Sri Lanka. Jayanath Lokuketagodage said he was pleased to assume responsibilities as…
The Union Cabinet today gave its ex-post facto approval to the proposal for extension of the value date to 8th March 2016 of the existing currency swap facility of $ 1.1 billion availed by Central Bank of Sri Lanka (CBSL) from Reserve Bank of India (RBI), which was due to be repaid on March 3…
Fitch Ratings has assigned Siyapatha Finance PLC’s (Siyapatha; A-(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR2.5bn a National Long-Term expected rating of ‘A-(lka)(EXP)’. A full list of existing ratings is at the end of this rating action commentary. The issue will have two tranches with bullet principal repayments in the third and fifth…
Attention has been focused to establish Bahrain Embassy in Sri Lanka A special discussion between the Crown Prince of Bahrain, Sheik Salman bin khalifa Al khalifa and the Finance Minister, Ravi Karunanayake was held at the Ministry of Finance. This discussion was focused on investment opportunities in relevant to oil, gas and aviation services. Investment…
Invests Rs. 400MN on the fully-fledged sheltered Convertainer manufacturing facility in Colombo Expanding new opportunities to offer distinctive space solutions, Advantis Engineering declared open Sri Lanka’s first fully fledged sheltered manufacturing plant for container conversions yesterday (10th March). Advantis Engineering, formerly known as Logiventures, has invested Rs. 400 million for this production facility located close…
Opening on Sri Lanka’s stunning southern coastline on 1 June 2016, Shangri-La’s Hambantota Resort & Spa will offer unrivalled amenities and experiential activities and set a new standard for hospitality in the “Pearl of the Indian Ocean.” Spanning 145 acres, the 300-room beachfront resort will boast lush tropical gardens, an 18-hole golf course, an artisan…
Standard & Poor’s cut Sri Lanka’s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings lowered its credit ratings. S&P affirmed the island nation’s B+ long-term and B short-term sovereign ratings, saying robust economic growth prospects are countered by high government debt at 72 percent of…
Reuters – Central Bank Governor Arjuna Mahendran said on Thursday he hoped the rating agencies’ negative view on Sri Lanka’s credit rating would change after negotiations this month over an International Monetary Fund (IMF) loan. S&P on Thursday revised the outlook on its B+ sovereign credit rating to negative, a week after Fitch downgraded its…
Video Story
