President inspects the “Rochelle Platinum” the latest design of Noritake

British based Commerce School in Sri Lanka

A British based Commerce School opened a branch in Colombo yesterday with the aim of providing Masters Degrees and other degree programmes covering several subject areas.
Accordingly the British School of Commerce which is a part of London School of Commerce will offer courses covering Business Administration, Information Technology, Hospitality Management, International Tourism Management and Computing [...]

Wikileaks releases secret US diplomatic document on SL

Wikileaks has released a secret diplomatic document which reveals that United States warning Sri Lanka to be cautious about deepening its trade relationship with Iran including procurement of weapons.
The document which has been passed to the Telegraph of UK is as below.

SRI LANKA: DELIVERY OF FATF GUIDANCE REGARDING IRAN

Passed to the Telegraph by WikiLeaks 9:00PM [...]

Cement maker “rated”

The strong market position, healthy balance sheet and debt coverage levels have helped Tokyo Cement to obtain a long-term credit rating of ‘A’ assigned by RAM ratings Lanka with a ‘stable outlook’.
RAM has also assigned a short term rating of P2 to the company.
However the Rating Agency says the ratings are moderated by Tokyo’s dependency [...]

CSE shows dismal performance

The All Share Price Index of the CSE closed the day by gaining 15.90 points, while the MPI closed negative and was down by 12.99 points.
Retail buying dominated the day with some counters coming into the limelight based on earnings speculations.
BMS Stock Broker said the Institutional investors took a quieter standing while showing interest in [...]

Hambantota 2018 logo launched

Sri Lanka launched its logo for the bid for ‘Hambantota 2018, Commonwealth Games”.
This was done under the auspices of President Mahinda Rajapaksa at Temple Trees yesterday.
Sri Lanka is one among the two countries competing to win the bid to host the 2018 Commonwealth Games.
Australia is the other country competing with Sri Lanka and the city [...]

Public Sector institutions key applicants to buy “The Finance” Shares

The Finance Company’s IPO which closed its subscription list yesterday, has seen major interest coming from the Public Sector institutions.
The Company’s CEO Kamal Yatawara told news360.lk, that the major interest was from the “Public sector”.
He also revealed that the private sector institutions too have sent in a considerable number of applications seeking shares on offer.
“Several [...]

Vallibel Finance sees rating upgrade

Fitch Ratings Lanka today raised the Vallibel Finance PLC’s National Long-term rating to ‘BB-(lka)’ from ‘B+ (lka)’.
The Outlook is Stable.
The rating upgrade reflects VFL’s sustained improvements in its asset quality, profitability and capitalization — as well as its increased scale of operations.
This situation Fitch believes would help strengthen the company’s balance sheet over the medium-term.
Vallibel [...]

Local menswear brand to get global attention

Sri Lanka’s leading menswear brand Hameedia has been chosen to feature in an award winning television show, which highlights leading attractions from around the world.
The program “Exclusive Resorts and Day Spas” aired on the Cox Media Network in the USA primarily features leading Resorts and Hotels.
However, Alexander Shambly, the program’s celebrity host who was in [...]