The Board of Directors of Colombo International Container Terminals Ltd. (CICT) has announced that the company’s first Chief Executive Officer Mr Nelson Liu has been appointed Chairman effective 8th March 2016, and that the CEO position has been filled by Chief Operations Officer Mr Ray Ren. The announcement said CICT will be spearheaded by Mr…
Central Bank of Sri Lanka (CBSL) has announced its plans to sell US$ 150 million worth of development bonds to foreign and local investors. According to Public Debt Department of CBSL, these bonds will carry maturity periods of 3 months, 6 months, 1 year, and 2 years. Rates option will offer US dollar 6 months…
President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Lasantha Wickremasinghe emphasized upon the importance for greater female representation across the country’s public and private sectors. Delivering a speech to mark the international women’s day at the institute which was held under the theme ‘pledge for parity – challenging conscious…
The shipping administration of Sri Lanka, Merchant Shipping Secretariat was awarded the ISO 9001:2008 standard certification by Sri Lanka Standard Institution Director System Certification T.G.G Dharmawardena at Merchant Shipping Secretariat office, Colombo 01. The institution was remarked as the first company in South Asia which obtained Standard Certification by following rules introduced by International Maritime…
At the recently concluded Sri Lankan Architecture Awards 2015, held at the BMICH, three promising architecture students were given a golden opportunity to participate in the world’s largest architecture festival. This dream experience was made possible by Dulux, Sri Lanka’s leading provider of paints and coatings. Adjudged winners at the Sri Lankan Institute of Architects…
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…
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