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Financial News -Date: 21.12.2017

BusinessTags: Print EditionFriday, December 22, 2017 - 01:00

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Int’l community speaks highly of China’s efforts to promote high-quality...

BusinessTags: Print EditionEconomists and scholars are praising China’s commitment to encourage high-quality development, as the Central Economic Work Conference that concluded here Wednesday outlined...

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Chance Sports wins at Sramamibhani awards

BusinessTags: Print EditionThe Chance Sports of Borella the leader in the Sports Wear was rewarded at the annual Sramamibhani Award Ceremony held at BMICH. This award was given for their continuous...

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Singapore Airlines launches daily to Cape Town

BusinessTags: Print EditionSingapore Airlines (SIA) will be increasing flight frequency to Cape Town, South Africa, to meet growing travel demand.Cape Town will be served with a daily flight via...

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Fitch upgrades DFCC Bank’s rating outlook from ‘Negative’ to ‘Stable’

BusinessDFCC Head Office Tags: Print EditionFitch Ratings have revised DFCC’s outlook for both its International and National Long Term Ratings to ‘Stable’ from ‘Negative’ while affirming the ratings...

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Novustech Transact invests Rs 1.5 bn on ATMS, POSS machines

BusinessShirajiv SirimaneTags: Print EditionNovustech Transact Lanka (Pvt) Ltd have invested over Rs. 1.5 billion in 2017 and 2018 to install ATMS and wireless POSS machines in Sri Lanka.Senior Vice...

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Inflation down from October

BusinessTags: Print EditionThe overall rate of inflation as measured by NCPI on year on year basis is 8.4% in November 2017 and inflation calculated for October 2017 was 8.8% .YoY inflation of food...

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Five star hotels light up for Christmas

BusinessTags: Print EditionFive star hotels light up for Christmas: Taj Samudra; The Kingsbury; Hilton Colombo, Cinnamon Grand and Cinnamon Lakeside. Daily News Business will also take a break for...

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Over 600 locations under free public Wi-Fi

BusinessIndunil HewageKanchana ThudugalaTags: Print EditionThe Information and Communication Technology Agency of Sri Lanka (ICTA) stated that some 600 locations has been connected under the initial...

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Fitch affirms 9 local banks

BusinessTags: Print EditionFitch Ratings has affirmed the National Long-Term Ratings of the following banks: - NSB at ‘AAA(lka)’; Outlook Stable. BOC at ‘AA+(lka)’; Outlook Stable. DFCC at ‘AA-(lka)’;...

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AI may add $957 bn to Indian Economy: Accenture

BusinessTags: Print EditionResearch paper released on Thursday by tech giant Accenture revealed that artificial intelligence (AI) could add 957 billion dollar to the Indian economy by changing the...

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Interest rates intact

BusinessIndunil HewageCentral Bank Governor Dr Indrajit Coomaraswamy speaks at the media conference to announce the eighth monetary policy review. Senior Deputy Governor Nandalal Weerasinghe looks on....

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LCI acquires enterprise solutions business of MillenniumIT

BusinessMurali PrakashTags: Print EditionIn a strategic move to diversify into the IT solutions domain, Lanka Century Investments PLC.(LCI), a conglomerate reputed for its market dominance in...

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Sunshine ups stake in EMS to 60%

BusinessGovindasamyTags: Print EditionSunshine Holdings PLC announced that it would be further consolidating its stake in Estate Management Services Limited (EMS), the holding company for Watawala...

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SLT to issue Rs. 5 bn debentures

BusinessTags: Print EditionSri Lanka Telecom PLC (SLT), a blue-chip company and a dominant player in the Sri Lankan Telecom and Information Technology Enabled Services (ITES) space, announced today...

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CB refutes media reports of ‘cover up’ over CIFL

BusinessIndunil HewageTags: Print EditionCentral Bank (CB) Governor Dr Indrajit Coomaraswamy yesterday emphasized that the CB was still looking for a credible investor with proof of funds to bail out...

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Raigam Group looking at listing

Diversifying to the tourism sectorBusinessShirajiv SirimaneChairman Dr. Ravi Liyanage, CEO Ganaka Amarasinghe and Director Dr. Sampath Amaratunga at the media conference. Picture by Thushara Fernando...

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Fairfirst Insurance partners with All-Island School Children Transport...

BusinessSome of the Fairfirst Insurance and All-Island School Children Transport Association officials at the eventTags: Print EditionFairfirst Insurance's latest partnership was with the All-Island...

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Leo Burnett bids farewell to MD, Ranil de Silva

Arosha Perera takes up the leadership mantle as CEO of Leo BurnettBusinessJude Benedict, Director Broadcast and Photography Production, Kumudini Gomes, Head of People and Culture, Selonica Perumal,...

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Malaysian PM watches a demonstration of the Finger Reader

BusinessTags: Print EditionMalaysian Prime Minister Dato' Sri Mohd Najib bin Tun Abdul Razak watches a demonstration of the Finger Reader at The Dialog Iconic in Colombo, during his recent state visit...

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