Fitch Ratings – Colombo/Sydney – 09 Dec 2020: Fitch Ratings has downgraded Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) Rating to ‘CCC+’
Category: Business
DEBENHAMS ICONIC RETAILER LATEST VICTIM TO COVID
Retail Cornerstones Fall in Britain, Pushed by Fast Fashion and Pandemic Debenhams and Arcadia Group, the owner of Topshop, collapsed despite extensive government programs meant
Singapore; lab grown ‘chicken meat’ approved
Singapore has given regulatory approval for the world’s first “clean meat” that does not come from slaughtered animals. SINGAPORE–(BUSINESS WIRE)–Eat Just, Inc., a company that
Dumith Fernando appointed chairman of CSE
The Colombo Stock Exchange (CSE) has appointed Dumith Fernando as its new chairperson, CSE said. Reportedly, Fernando’s appointment to the position has been approved unanimously.
Coca-Cola suspends social media advertising despite Facebook changes
Coca-Cola will suspend advertising on social media globally for at least 30 days, as pressure builds on platforms to crack down on hate speech. “There
Kasturi Wilson becomes first female Group CEO of a Sri Lankan conglomerate
Hemas Holdings PLC announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective 1st October 2020, succeeding Steven Enderby. As part of
Twitter permanently suspends account of controversial British columnist Katie Hopkins
Twitter has permanently suspended the account of extreme right-wing British columnist Katie Hopkins for violating its hateful conduct policy. A spokesperson for Twitter would not
SL debt ratio rises to 86.8% against GDP
Sri Lanka’s Government debt to GDP ratio increase to 86.8% A would-be hub of Indo-Pacific Commerce and global tourist gem, Sri Lanka was already struggling
National Audit Office highlights discrepancies over debt figures in treasury, CBSL records
The latest report of the Auditor General’s has observed that there are inconsistencies between the records of the central and the finance ministry on the
Aitken Spence records profit of Rs. 4.2 billion in 2019-2020 amidst unprecedented challenges
Amidst unprecedented challenges Aitken Spence PLC has recorded a profit before tax of Rs. 4.2 billion in the financial year ended on 31 March 2020