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Wednesday, 28 January 2015 08:45

Lanka IOC rated AAA by LRA

Lanka Rating Agency (LRA) has assigned Lanka IOC’s (LIOC) a long- and short-term corporate credit ratings AAA and PP1 respectively. On a stand--alone credit profile, LIOC rated at AA+ and P1 and notched up on parent support. The long-term rating carries a stable outlook.

Wednesday, 28 January 2015 08:12

The vehicle was not a ‘gift’ : Jackson

Popular artiste Jackson Anthony yesterday refuted allegations that a luxury vehicle without number plates belonging to a Ministry of Economic Development was found from his residence.

Tuesday, 27 January 2015 19:32

Court orders Duminda Silva's accounts

SSP Ajith Rohana, the police Spokesperson said today a court order has been obtained to probe bank accounts of Colombo District UPFA Parliamentarian Duminda Silva, as drug kingpin ‘Wela Sudha’ testified to the Criminal Investigation Department (CID) he paid money to the politician.

Tuesday, 27 January 2015 19:25

Other Six new Governors sworn

Six new Governors took their oaths before President Maithripala Sirisena today (27) at the Presidential Secretariat.

Tuesday, 27 January 2015 18:44

ICOM 2015 hosts Sri Lanka

TIIKM’s 3rd Annual International Conference on Marketing 2015 (ICOM-2015) with a theme of “Redefining the Art and Science of Marketing” will be held during 17-18 February 2015 in Colombo.

Mahinda Rajapaksa, the former President in a statement today(27) charged that a media blitz had been unleashed to vilify him and mislead the public instead of following a proper procedure to act on allegeations of wrongdoing against anybody.

Shiranthi Rajapaksa, the former First lady has been accused of acquiring a public land at Kalapura at Templers Road in Mount Lavinia for the Carlton Company, the media says.

According to the review of Monetary Policy in Januay, the Central Bank of Sri Lanka says, in December 2014, headline inflation on a year-on-year basis was at 2.1 per cent compared to 1.5 per cent in the previous month. Core inflation, which directly measures underlying price pressures, continued to remain between 3-4 per cent while decelerating to 3.2 per cent in December 2014 from 3.6 per cent in November. While low inflation is mainly attributable to contained demand pressure in the economy, it was also supported by favourable supply side developments, particularly the downward revisions in domestic energy prices in the last few months of 2014. Subdued demand pressure and inflation expectations in the economy, the favourable impact of further reductions in fuel prices in January 2015, and the expected reduction of administered prices of other key commodities announced in the Government’s ‘100-Day Programme’ are expected to reduce inflation
further in the months ahead.

Tuesday, 27 January 2015 17:41

Bus fares reduce from Feb 1

Ranjith Maddumabandara, the Minister of Internal Transport informed today(27) at a media briefing that bus fares would be reduced by between 8 and 10 percent from February 1.

Tuesday, 27 January 2015 17:30

CB Governor assumed duties

Mr Arjuna Mahendran, Newly appointed Governor of the Central Bank of Sri Lanka assumed duties in his new post yesterday(26) at the Governor’s office in Colombo.

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