The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent newspaper articles on increased money printing by the CBSL in the past few days. The CBSL wishes to provide the following clarification as the concepts and facts in such articles remain grossly inaccurate and misleading: These articles suggest that the…
HNB’s Managing Director and CEO, Jonathan Alles also a member of the ABA board of directors and Chief Operating Officer (COO), Dilshan Rodrigo will chair sessions and make presentations at the 35th Asian Bankers Association’s Annual General Meeting and Conference. To be held on November 15 and 16, in the Kurumba Resorts, Maldives, the conference…
The Colombo Stock Exchange (CSE) announces the next round of workshops on corporate transparency and sustainability to be conducted in partnership with the Global Reporting Initiative (GRI). The workshops are set to be conducted on 04th and 05th December 2018 at the Ramada Colombo. These interactive workshops, which will be exclusive to representatives of companies…
One of Colombo’s most favoured city hotels, Fairway Colombo was awarded the prestigious Haute Grandeur Global Excellence Awards under three categories; the Best Business Hotel in Sri Lanka, the Best New Hotel (less than 3 years) in Sri Lanka and the Best Activity Hotel in Sri Lanka. The gala award ceremony was held on 1st…
Capital Alliance Partners Limited (“CAL”) successfully advised Hemas Hospitals (Pvt) Ltd on the sale of its subsidiary Hemas Southern Hospital (Pvt) Ltd (“Hemas Southern”) to Asiri Hospital Holdings PLC (“Asiri”), a giant in the healthcare sector with a chain of hospitals and laboratories around the country. Following the acquisition of Hemas Southern, the Asiri chain…
Sri Lanka’s Department of Pensions highlights that the number of pensioner community who getting a pension from the Department of Pensions were 600,867 as at the end of 2017. It is 3.6 % increase relatively to the year 2016 the latest annual review of the Department of Pensions notes. The data further notes that over…
Reuters – Credit ratings agency Moody’s warned on Tuesday that heavyweight economies such as the United States, China and Italy as well as emerging markets like Turkey, Brazil and Argentina were all facing rising rating pressures. A new report by a group of top Moody’s sovereign analysts said the global picture for ratings was still…
Local buying of JKH to the tune of Rs. 7 Bn in a week accounts for main foreign outflow Analysts outline that with Monday (November 5th 2018) net outflow due to foreign selling of market heavy weight John Keells Holdings PLC (JKH) brings the figure since 26th October 2018 to over Rs. 7 billion. In January to…
Minister of Tourism and Wildlife Vasantha Senanayake unveils new slogan and strategy Encapsulating the essence of Sri Lanka, its authenticity, diversity and all of its richness is an expression that sums up the travels and tales of a Sri Lankan experience. “So Sri Lanka” goes beyond being a place descriptor and embodies the vibrant qualities…
National Savings Bank has recently raised a US$ 100 million loan facility supported by Commerzbank AG.The excellent relationship that NSB enjoys with its banking partners has allowed NSB access to a competitive interest rate despite the current global trend of interest rate increases. The facility was arranged jointly by Dubai based Alpen Capital (ME) Limited…
