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‘Rating agencies downgrade Sri Lanka to junk status’ – Eleven Myanmar Report quotes Minister Eran Wickramaratne

Myanmar’s Eleven Media group owned Eleven Myanmar Daily Newspaper in a recent report quoting Sri Lanka’s State Minister of Finance Eran Wickramaratne has pointed out that ‘Rating agencies downgrade Sri Lanka to junk status’.   The report further stated that Sri Lanka was downgraded from B1 to B2 by Moody’s Credit Rating and Standard &…

(0)Comments | March 12, 2019 4:08 pm

SriLankan Engineering standards reaffirmed at recent EASA audit

SriLankan Airlines, armed with several industry certifications of the highest recognized global standards, has positioned itself as the finest institution in South Asia for aircraft engineering Maintenance, Repair and Overhaul (MRO) for all airlines in the region.   Vipula Gunatilleka, Group Chief Executive Officer of SriLankan Airlines, said: “SriLankan Airlines is the best choice for…

(0)Comments | March 12, 2019 4:02 pm

LSEG appoints Dee Liyanwela as Head of LSEG Technology Sri Lanka

London Stock Exchange Group (LSEG) has announced that Dee Liyanwela has been appointed as the Head of LSEG Technology Sri Lanka, in addition to his role as Group Head of Shared Service Centres. LSEG Technology, formerly known as MillenniumIT, develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for…

(0)Comments | March 12, 2019 3:06 pm

‘So Sri Lanka’ takes global media by storm at ITB

Sri Lanka Tourism Promotion Bureau (SLTPB) consolidated its So Sri Lanka’ brand idea at the 52nd ITB in Berlin by rolling out the next phase of its strategic brand identity. SLTPB presented a captivating documentary film to the global media at the ITB press conference held on 7th of March as the digital film launched…

(0)Comments | March 12, 2019 12:41 pm

Sri Lanka shares end at 5-1/2-year low, rupee falls ahead of budget vote

Reuters – Sri Lankan shares ended at a 5-1/2-year low and the rupee fell on Monday as investors awaited a budget vote on Tuesday to assess the political stability of the government led by Prime Minister Ranil Wickremesinghe. ** Sri Lankan Finance Minister Mangala Samaraweera last week presented the 2019 budget that raises spending while…

(0)Comments | March 12, 2019 10:16 am

AIA Sri Lanka reports 2018 results

The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018.   The main highlights are: Consolidated revenue grew by 6 per cent to LKR 18,232 million during…

(0)Comments | March 12, 2019 9:44 am

SLIM invites marketers to make proactive efforts to be inclusive and #Balanceforbetter

~ “When women participate in the economy, everyone benefits”. – Hillary Clinton As part of the diversity and inclusion efforts of the institute, the Sri Lanka Institute of Marketing has organized a forum for marketers in line with International Women’s Day. As this year’s IWD theme #Balanceforbetter outlines; a balanced world is a better world….

(0)Comments | March 11, 2019 10:44 pm

Climate Smart Agriculture to improve Resilience and Productivity in Sri Lanka

The World Bank Board of Directors approved a $125 million credit for Sri Lanka to improve the resilience and productivity of agriculture for more than 470,000 small farmers in 6 provinces in the dry zone of the country. The provinces selected are those that are most exposed to climate impacts. Sri Lanka is particularly vulnerable to…

(0)Comments | March 11, 2019 5:37 pm

Sri Lanka foresee Digitalization and 5G as the ‘Energy Pill’ for Economic Growth – Minister Harin Fernando

Sri Lanka’s Minister of Telecommunication, Foreign Employment and Sports – Harin Fernando pointed out government’s aim is to make Sri Lanka a benchmark in adopting Digital Technologies for Government administration and public affairs management, whilst the necessary technical infrastructure to facilitate this effort, especially in rural areas will be provided. He further said that 5G…

(0)Comments | March 11, 2019 4:54 pm

Signing of Japanese ODA Loan Agreement with Sri Lanka

Contributing to the alleviation of traffic congestion in Colombo through urban transportation system improvements   On March 11, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Democratic Socialist Republic of Sri Lanka in Colombo to provide a Japanese ODA loan of up to 30.04 billion yen for the…

(0)Comments | March 11, 2019 4:51 pm