SriLankan Airlines acted swiftly to minimize inconvenience to passengers, after an aircraft engine cowling (outer case) was damaged on the ground at Bangkok’s Suvarnabhumi Airport, resulting in the Bangkok-Colombo Flight UL883 being cancelled. The incident took place when a baggage cart operated by the airport’s ground handlers veered into the Airbus A330-300 aircraft and damaged…
The star Indian spinner Harbhajan Singh is to invest in Sri Lanka, the Ministry of Finance announced today. Harbhajan met Finance Minister Ravi Karunanayake in his office yesterday and discussed investment opportunities in Sri Lanka. The Ministry quoted Singh as saying he was looking forward to invest in Sri Lanka given the long standing friendly…
Asia shares edged higher on Wednesday following a modest bounce on Wall Street, while the dollar drifted lower and oil found some relief from recent relentless selling. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS ticked up 0.4 percent to the highest in almost two weeks. Australia’s main index added 0.7 percent, while South…
Colombo stock market continued the lackluster trading momentum on Tuesday where market turnover and volume recorded the lowest figures since March 2014. Benchmark index declined for the second consecutive day to close at 6,854.57, decline of 27.18 index points or -0.39% while S&P SL20 index shed 23.05 index points or 0.64% to end at 3,605.25….
Fitch Ratings has assigned LB Finance PLC’s (LB, A(lka)/Stable) outstanding Sri Lanka rupeedenominated subordinated debentures a National LongTerm Rating at ‘BBB+(lka)’. The debentures mature in 2016, 2017 and 2018 and have total value of LKR2.545bn. A full list of LB’s ratings is given below. KEY RATING DRIVERS The outstanding subordinated debentures are rated one notch…
The Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), together with the internationally renowned Euromoney Training will conduct a proactive financial leadership programme exclusively for the country’s high profile finance professionals in March 2016. ‘The Game of a CFO’, a two day intensive programme will help Chief Financial Officers,…
Around 15 per cent of future consumers would resort to the internet for their purchases, say Chief Executive Officer of Sri Lanka’s prominent e-market organization Takas.lk, Lahiru Pathmalal. View the video where he said this during an interview with Ada Derana Biz 24X7:
The Commercial Bank of Ceylon has announced that its environment-related initiatives have made steady progress in 2015 with the installation of solar power systems at four branches, the award of tenders for five more branch conversions, and the acquisition of 20 more paperless deposit machines. Sri Lanka’s largest private bank said it is already generating…
Textured Jersey, the region’s premier fabric manufacturer was awarded the winning Gold at the Social Dialogue & Workplace Cooperation (SDE) Awards 2015, held at Nelumpokuna on December 17th 2015. The prestigious SD Excellence awards, Presented by the Social Dialogue & Work place Cooperation Unit of the Department of Labour and Industrial Relations, is the top…
The Department of Census and Statistics (DCS) released a new consumer price index on November 23, 2015. Since 1953, the Colombo Consumers’ Price Index remained as the official price index in Sri Lanka, and rebased subsequently in 2002 and 2006/07. The Colombo Consumer’s Price Index (CCPI) (2006/07=100) covered only the behavior of prices observed in…
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