Fitch Ratings has assigned LB Finance PLC (LB) a National Long-Term Rating at ‘A-(lka)’ with a Stable Outlook. KEY RATING DRIVERS – NATIONAL RATINGS LB’s National Long-Term Rating reflects its established franchise among licensed finance companies (LFC), whose higher yielding exposures have supported sound profitability. The rating also captures its relatively higher risk appetite as…
Colombo bourse closed with negative returns on Wednesday ahead of the voting on 02nd reading of the budget and extended the losing streak for the sixth consecutive day. Benchmark index advanced to 6,906 mark in the opening hours but failed to continue the momentum to close at 6,862.79, down by 32.40 index points or 0.47%….
Winners of the inaugural Tourism InSPIRE Awards attended a special awards dinner on Friday, November 27, 2015 in Legazpi City, Albay, Philippines hosted by the Tourism Promotions Board Philippines as part of the PATA New Tourism Frontiers Forum 2015. The awards were presented by Mr Mario Hardy, CEO, PATA and Ms Loraine Gatlabayan, Regional Office…
Hayleys PLC was ranked the No.1 company in the LMD’s Top 100 listed companies of Sri Lanka this week. The award was received by Chairman & Chief Executive, Hayleys Plc, Mr. Mohan Pandithage at a gala event organized by CIMA-LMD. Many business sectors of the Hayleys Group have been leaders in their respective sectors for…
The Grand Finale of the 51st Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held on Thursday, 03rd December 2015 at the Waters Edge, Battaramulla. The annual report awards competition which promotes transparency and accountability among organisations that produces annual reports in the country, this…
Partners with College of Ophthalmologists for ‘C Blue Restore Sight’ Project offering 150 free cataract surgeries The gift of improved sight is to be bestowed on 150 Sri Lankans under a new community initiative announced in Colombo by the China Merchants Group (CMG), the major stakeholder in Colombo International Container Terminals (CICT) which manages Colombo’s…
Sri Lanka’s leading integrated infrastructure and engineering solutions provider MTD Walkers PLC won the Gold Award in the Construction Sector at the recently concluded National Business Excellence Awards 2015 organized by The National Chamber of Commerce of Sri Lanka (NCCSL). “We are delighted and honoured to win this prestigious award that reaffirms MTD Walkers PLC’s…
SriLankan Airlines has suspended four Chennai bound flights, UL121, UL127, UL123 and UL125 of December 3, in view of the closure of the Chennai International Airport following heavy flooding due to torrential weather conditions in South India. SriLankan will resume flights as soon as the Airport resumes operations and the Airline may operate a few…
Hemas Holdings in partnership with Minor Hotel Group is proud to announce the opening of the first Anantara resort in Sri Lanka, Anantara Peace Haven Tangalle Resort. In a uniquely secluded beachfront location along Sri Lanka’s southern coast, Anantara Peace Haven Tangalle Resort is inviting its very first guests to experience the private exclusivity of…
Colombo equities stretched losses for the fifth straight day on Tuesday on sustained selling pressure triggered by weak domestic cues. ASI lost 13.96 points or 0.2% to close at 6,895.19 while S&P SL 20 index lost 6.35 points or 0.2% to close at 3,651.34. The main index lost nearly 1.7% during the six post-budget sessions…
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