Fitch Ratings Lanka has withdrawn Asian Alliance Insurance PLC’s National Insurer Financial Strength Rating and National Long-Term Rating of ‘BBB(lka)’. The Sri Lanka-based company’s Insurer Financial Strength Rating of ‘B’ has also been withdrawn. All the ratings were on Rating Watch Negative. The ratings have been withdrawn due to insufficient information to maintain them. Fitch…
Investing while safeguarding one’s cash is not an easy task, because there are many rackets carried out under the guise of investments. Many have lost their money and assets by being duped by such rackets in the recent past. Hence, www.adaderanabiz.lk inquired from the investment consultant firm Candor Group’s Chief Executive Officer Ravi Abeysuriya on…
Currently some 5,000 motor vehicles are being registered per month in Sri Lanka and around 50,000 have been registered during this year alone, says the Commissioner General of Motor Traffic. Commissioner General of Motor Traffic S.H. Harischandra told www.adaderanabiz.lk, “Around 5,000 motor vehicles are being registered since August. Before this it was somewhere around 3,000…
The Sri Lanka government said that the country is placed 89th out of 146 nations in the Forbes’ Best Countries for Business 2014 ranking, while India was 93rd. The Sri Lanka government said in a statement that Forbes noted, “however, low tax revenues are a major concern. A large trade deficit remains a concern, but…
There is increasing public dialogue on discipline in Sri Lanka’s international schools. Hence, www.adaderanabiz.lk took this issue to Gateway International Schools Chairman Dr. Harsha Alles. Furthermore, he was asked whether international schools in Sri Lanka need monitoring. This is the complete discussion BIZ 27X4 from the Ada Derana 24X7 Channel had with Gateway International Schools…
Colombo equities concluded the weekly operations with mixed results on Friday as main index gained 22.08 points (+0.31%) to end at 7,252.60 while S&P SL 20 index marginally lost 6.30 points (-0.15%) to end at 4,068.57. During the week the core index gained 16.23 points or 0.2% while S&P SL 20 index lost 12.35 points…
The Department of Motor Traffic is preparing to launch a new service to enable motor vehicle owners to verify the authenticity of their vehicles direct from their homes or offices. While revealing details of this move, Commissioner General of the Department of Motor Traffic H.S. Harischandra that this service would be provided over the internet…
Sri Lanka’s national carrier and oneworld member, SriLankan Airlines, continuing its extensive wide-body re-fleeting programme, took delivery of its second Airbus 330-300, on Friday, 19 December 2014. The new aircraft named “The City of Sihagiri ” will be utilised on the major Far Eastern markets of Canton, Shanghai, Beijing and Hong Kong. This latest wide…
Colombo shares bounced back on Thursday after four consecutive days of losses. All share price index bagged 30.79 points or -0.43% to end at 7,230.52 while S&P SL 20 index gained 21.80 points or -0.54% to end at 4,071.41. Price inclines in counters such as Lion Brewery (closed at LKR 657.00, +8.3%), Dialog Axiata (closed…
Switzerland’s National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country. The Bank is imposing a rate of minus 0.25% on “sight deposits” – a form of instant access account – of more than 10m Swiss francs ($9.77m). It is trying…
Video Story
