Fitch Ratings has affirmed the ratings on nine of Sri Lanka’s banks. The Long-Term Issuer Default Ratings (IDRs) on National Savings Bank and Bank of Ceylon (BOC) have been affirmed at ‘BB-‘ and their National Long-Term Ratings have been affirmed at ‘AAA(lka)’ and ‘AA+(lka)’, respectively. Fitch has also affirmed the National Long-Term Rating of People’s…
The Sri Lanka Australia Chamber of Commerce (SLACC) was officially launched at the New South Wales Business Chamber Head Office in Sydney, Australia. Participants included officials, dignitaries, sports personalities and business leaders of the two nations. The SLACC is the first, and only integrated bilateral Chamber umbrella constituted in Australia, to foster commercial trade and…
Chairman of MJF Holdings Limited and pioneer creator of the ‘Dilmah Tea’ brand name, Merrill J. Fernando has been appointed Chairman and Non-Executive Director of Kahawatte Plantations PLC. Meanwhile, another prominent personality in the tea and plantations sector, Malinga Herman Gunaratne has been appointed Vice Chairman of Kahawatte Plantations PLC. Dilmah is an internationally popular…
The Highways and Investment Promotion Ministry is preparing to identify and develop the projects that should receive more prominence under the already identified roads planned to be developed by the former government under a USD 100 million loan from the China Development Bank. Accordingly, the ministry has decided to instead identify the roads which should…
Honda still has its headquarters in Japan and offices all over the world, but expect to hear a little less Japanese from the automaker in the coming years. A small statement in the business’ latest sustainability report (available here as a PDF) announces English will become the official language for interregional communication by 2020. Honda…
Sri Lanka Cricket (SLC) has granted the tele/broadcasting rights of the upcoming Sri Lanka-India Test series to MSM India which owns the popular ‘Sony Six’ channel. The rights to telecast/broadcast this Test series within and outside Sri Lanka over television, radio and the internet would be vested with MSM India. Furthermore, the sponsorship for the…
The Commercial Bank of Ceylon has once again been ranked among the Top 1000 Banks of the World, in the prestigious rankings published annually by ‘The Banker’ magazine of the UK, becoming the only Sri Lankan bank to achieve this feat five years in a row. The ranking is based on the Bank’s key performance…
Chrishantha Priyange Richard Perera has been appointed by the President as a Member of the Monetary Board of the Central Bank of Sri Lanka with effect from June 24, 2015. Mr. Perera has previously served as Chairman of the Sri Lanka Tea Board, Sri Lanka Insurance Corporation, Public Enterprises Reforms Commission and the Bank of…
JAMES Packer and Mariah Carey have arrived in Israel with reports the couple is visiting his spiritual adviser as they plan to wed. The power couple, whose relationship was made public earlier this month, arrived in Jerusalem following a romantic vacation in Europe on Packer’s luxury yacht Arctic P. Carey spent the first day sightseeing,…
This discussion with Deshamanya Sam Samarasinghe, the Sri Lankan consultant engineer who was an advisor to Lee Kuan Yew government, is about Singapore’s private sector. This is what he had to say:
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