Reuters – March 04 Sri Lankan shares edged down for a fifth straight session on Friday to a near 2-yr low in thin trade as concerns over rising interest rates and a ratings downgrade pushed investors away from risk assets, traders said. Sri Lanka’s benchmark share index closed 0.06 percent lower, or 3.50 points, at…
Janashakthi Insurance PLC’s incumbent Non-Executive Chairman and Director, Mr. W. T. Ellawala is to announce his retirement at the forthcoming Annual General Meeting of the Company to be held on the 31st of March 2016. Appreciating Mr. Ellawala for the invaluable service and contribution rendered to the Company, Mr. C. T. A. Schaffter, founder of…
The Consulate General of Sri Lanka in Guangzhou in collaboration with the Sri Lanka Tourism Promotion Bureau(SLTPB) organized Sri Lanka’s participation at the Guangzhou International Travel Fair (GITF) from 25th – 27th February 2016 at the Canton Exhibition grounds in Guangzhou. The GITF which is an annual event in Guangzhou and held since 1992 is…
A team of officials from the Sri Lanka Retailers’ Association (SLRA) recently met with the Chairman and top officials of the Consumer Affairs Authority (CAA) in order to promote the ‘World Consumer Rights Day’ to be held in Sri Lanka on 15th March 2016 and the following ‘National Consumer Rewards Week’ during the week of…
Sri Lanka is readying to toast a consumer tradition initiated worldwide by US President John F Kennedy with a national market rebate drive at national level-and no less than 60 local and international brands are rallying round the state operated Consumer Affairs Authority which initiated the country’s first ever “Consumer Rewards Week” to celebrate the…
As part of its efforts to raise awareness on Malaysia as a destination of choice, Tourism Malaysia has embarked on a Sales Mission to India and Sri Lanka. The 9-day sales mission covered the Indian cities of Chandigarh, Lucknow, Bengaluru, Kochi, and Colombo in Sri Lanka. Leading the Malaysian delegation was Dato’ Daljit Singh, who…
The upcoming ‘Sri Lanka Investment and Business Conclave 2016,’ organized by the Ceylon Chamber of Commerce will provide a huge opportunity for Sri Lanka to showcase its massive economic potential to over 120 promising investors, who will attend the three-day event, which starts on the 08th March. Foreign Investors from 27 countries are taking part…
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…
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