knowledge Is Your Power-Hot Education and Business News

Sri Lanka small lender downgraded in expropriation fallout

2012-07-14T20:16:00.002-07:00

Ram Ratings Lanka has downgraded the Bimputh Lanka Investments Plc, from 'BB' to 'BB-' after a related sugar mill was expropriated by the state last year.

RAM Ratings Lanka lifts negative rating watch on Bimputh Lanka Investments PLC; downgrades ratings to BB-/NP RAM Ratings Lanka has downgraded the long-term financial institution rating of Bimputh Lanka Investments PLC ("Bimputh" or "the Company"), from BB to BB-. At the same time, the short-term rating has been reaffirmed at NP. Meanwhile, the Rating Watch (with a negative outlook) on the Company has been lifted and the stable outlook on the long-term rating has been reinstated.

The downgrade reflects the loss of financial and operational synergies derived from Sevanagala Sugar Industries (Pvt) Ltd ("Sevanagala"), previously one of Bimputh's significant counterparties. Meanwhile, Bimputh's ratings are weighed down by its weak funding, moderate performance, small stature and the lack of seasoning for its new loan products.

msc in university of colombo-Master of Arts in International Relations

2012-07-09T23:36:00.003-07:00

the University conducts a diverse range of undergraduate and postgraduate degree and diploma courses. Intake to the basic degree courses are through the University Grants Commission, based on performance at the GCE Advanced Level examinations. Details of these are available in the webpages of the individuals Faculties or Institutes

The University of Colombo, in collaboration with the School of International Service (SIS) of the American University, Washington, D.C., established in 1985 a two-year Masters Degree Programme in International Relations.

From modest beginnings, the M.A. Degree Programme, the only one of its kind in Sri Lanka, has now developed into a full–fledged postgraduate programme catering, on the average, to about 50 students annually.

msc in moratuwa university-MSc. in Artificial Intelligence

2012-07-09T23:31:00.003-07:00

The Faculty of Information Technology, University of Moratuwa has announced the first ever MSc. Degree in Artificial Intelligence in Sri Lanka. The primary objective of the MSc programme is to impart the knowledge of theory and applications of modern Artificial Intelligence techniques to devise intelligent software solutions for tomorrow's world thereby ensuring multifaceted career paths for the potential candidates.

Recognized four year degree in Information Technology, Computer Science, Computer Engineering or any other four year degree with minimum of one year experience in the filed of computing or any other recognize degree in a relevant field and experience accepted by the Faculty and approved by the Senate or graduate level membership of a recognized professional institution in a relevant field acceptable to the Faculty and approved by the Senate AND at least two years of relevant experience after having obtained the membership.

The Post Graduate Diploma is of one year (part time) duration while MSc is of two years duration (part time). Post Graduate Diploma in Artificial Intelligence and MSc in Artificial Intelligence offer common curricula that include 11 compulsory modules (22 credits) and 5 elective modules (10 credits). Lecturers will be held during weekends.
Minimum pass criterion for the Post Graduate Diploma is 32 credits. Those who satisfy this criterion at the end of the first year would be able to select one of the following two options:
(a) Continue for the MSc in Artificial Intelligence
(b) Exit the programme with a Post Graduate Diploma
Those who continue to follow MSc in Artificial Intelligence will be offered three more courses (6 credits): Research Methodologies, Philosophy of Science and Scientific Communications in the second year together with a Research Project (16 credits) of one year duration.

University of West London launch the ANC School of Postgraduate Education

2012-07-09T17:09:00.002-07:00

ANC Education launched its first ever School of Postgraduate Education
to mark its tenth anniversary. The ANC School of Postgraduate
Education was launched in collaboration with the University of West
London, UK (UWL).

"This is a significant milestone in our journey of ten years. ANC
school of Postgraduate Education, with the motto of "Advancing
Knowledge, Transforming lives, Changing Organisations" is now focusing
on an entirely a new target group. We see great potential for
postgraduate programmes locally and as usual ANC ensures to provide
all coursework on par with global standards," said Dr Punarjeeva
Karunanayake, CEO/ Executive Director of ANC Education.

Jagath Alwis, Chairman of ANC Education stated, "ANC School of
Postgraduate Education was launched with the objective of providing
excellent British Postgraduate education to Sri Lankan students in
collaboration with the University of West London. It is with great
pride that ANC will present a series of industry relevant postgraduate
awards which will enhance the earning capacity of students".

"As a part of our expanding partnerships with international education
institutions, we are happy to partner with ANC Education to offer a
number of postgraduate awards. We are confident that our up-to-date
postgraduate awards will benefit students in Sri Lanka for both
academic and career advancement" sated Prof Peter John the Vice
Chancellor of University of West London.

Sri Lanka The Finance returns to Jaffna roots-overview

2012-02-13T04:25:00.002-08:00

The Finance, Sri Lanka's pioneer finance company has returned to pre-war premises in the island's northern Jaffna city, where the economy is going resurging after the end of a 30-year war.

"The northern province is growing at more than 20 percent in nominal terms. To keep this going for the next 10 to 15 years we need new entrepreneurs, we need people building, cultivating, transporting, storing."

The Jaffna branch returned to its own premises, from another location after its own premises was released from military use. A 30-year war in Sri Lanka's north and East ended in 2009.

Officials say Jaffna was the company's first branch

Sri Lanka has tightened monetary policy

2012-02-13T04:24:00.004-08:00

Sri Lanka has tightened monetary policy and imposed a credit ceiling not only to counter balance of payments pressure but also to keep the island's inflation low, Central Bank Governor Nivard Cabraal said.

Sri Lanka lost more than a quarter of its foreign reserves defending a dollar peg from around August to December, while the peg was also re-adjusted from 110 to 114 rupees levels.

Two weeks ago the Central Bank imposed a credit ceiling of 18 percent for commercial banks, raised policy rates by 50 basis points and last Thursday, the central bank stopped interventions, reducing the need for liquidity injections and further dollar sales

Sri Lanka share valuations seen affected by new accounting rules

2012-02-13T04:24:00.003-08:00

New global accounting rules being adopted by businesses this year could create earnings volatility that complicate share valuations but also improve disclosures and analysis, an analyst said.

The new International Financial Reporting Standards (IFRS) aim to harmonies accounting standards worldwide and make comparisons of company performances in different countries easier and better, improving access to capital.

The new rules became applicable in January 2012 for firms with the financial year ending in December and for those with the accounting year ending in March will become applicable from April 2012

Latest news about Colombo stock exchange

2012-02-13T04:23:00.002-08:00

The Colombo bourse opened the week on the negative note, Monday, affected by gloomy macro economic conditions mainly the weakening rupee resulting a more than three percent fall in stocks.
The rupee opened weaker at around 115.30/40 and traded lower against the US dollar in the spot market in the second trading day after the Central Bank withdrew from interventions last week.
Buying interest from bargain hunters is easing the drop in stock prices, said brokers while three crossings helped push turnover up. Trading is mainly driven by retailers.
Commercial Bank saw a block of one million shares change hands in an off-the-floor deal at Rs 100.50 a share while 85,900 shares of CTC crossed at Rs 490.00. Aitken Spence Hotels (AHUN) saw a parcel of half a million shares cross at Rs 54.00.
The three crossings accounted for nearly 28 percent of the turnover by mid day.
Among the active counters are Environmental Resources, trading at Rs 20.60, down Rs 2.60 or 11.2 percent. Asia Asset Finance is moving at Rs 4.20, down 70 cents, 14.4 percent. Panasian Power is also witnessing interest at Rs 3.00, down by 20 cents or 6.2 percent.

Main Investment Opportunities Of Sri Lanka

2011-12-17T21:08:00.000-08:00

Buy a Hotel

This is one of the best investments. Sri Lanka is one of the best holiday destinations in the world. Therefore there is a huge demand on hotels from local and overseas investors. Please visit Hotels for Sale in Sri Lanka page for more details.

Invest in Water Purification and supply Projects

The government of Sri Lanka is calling investors to build water treatment and supply plants. Government is providing many facilities and purchasing water based on a pre-agreed price.

These projects needs large funds and are suitable for those who have an investment budget of above US$100 Million.

Invest in Mini Hydropower

his is the cheapest option on investing in mini hydropower. The projects have been approved and the owners of the projects are going through the approval process of the energy permit. Since the projects are at the initial stage the investment is lesser than fully approved permits. Potential investors can invest on these projects based on the agreement that the owners must complete the approval process and power purchase agreement. It can take approximately 6 – 12 months depending on the current approval status.

The Colombo Stock Exchange

2011-12-17T21:04:00.001-08:00

The Colombo Stock Exchange (CSE) is the main stock exchange in Sri Lanka. It is one of the most modern exchanges in South Asia, providing a fully automated trading platform. The vision of the CSE is to contribute to the wealth of the nation by creating value through securities.
The headquarters of the CSE have been located at the World Trade Center Towers in Colombo since 1995 and it also has branches across the country in Kandy, Matara, Kurunegala, Jaffna and Negombo.As of 30th November 2011, the Colombo Stock Exchange had 272 listed companies with a combined market capitalization over 20 billion US dollars.

Resources- Wikipedia

The Securities And Exchange Commission Of Sri Lanka-Overview

2010-11-14T04:08:00.004-08:00

The Securities And Exchange Commission Of Sri Lanka

This was establish the securities and exchange commission act No 36 of 1987, to create, and maintain a market in which securities can be issues and traded in an ordinary and fair manner, protect interest of investors and regulate the securities market country. It has following powers

1) license stack exchange, stock brokers, stock dealers, rating agenesis and unit trust
2) suspend or cancel the listing of any securities or trading of any given securities or trading of all listed securities for the protection of investors
3) advice the government on the development of securities market.

Central bank Of Sri lanka Overview

2010-11-14T04:07:00.004-08:00

CBSL was establish in 1950 under the monitory low act no 58 of 1949. the main responsibilities o f CBSL are administration, supervision, and regulation of monitory, financial, and payment system in sri lanka. Central bank has two objectives.

1) Protect price stability
2) Protect financial system stability

Under the monitory low act central bank required to

1) Issue of currency, notes, coins behalf of government sri lanka
2) Provide facilities for clearing transaction among LCBs
3) Act as fiscal agent and banker of the government agenesis and official depository of government and government agenesis
4) Regulate foreign reserve and forighn assets of the country

Payment and settlement infrastructure

2010-11-14T04:07:00.003-08:00

Payment and settlement infrastructure provide facilities safety and efficiency in payments and securites transaction. In sri lanka Cheque Imaging and Truncation System, Sri Lanka Inter-Bank Payment System, Lanka Settle, comprising the Real Time Gross Settlement System can be take as examples

Financial instruments

2010-11-14T04:06:00.002-08:00

Financial instruments are instruments exchange Financial markets. Deposits, loans, repurchase agreements, treasury bills ext

Financial markets

2010-11-14T04:05:00.000-08:00

Financial markets are provide credit and capital for institutions for their funds needs. In sri lanka can be see money market instruments are exchange with less than one year like treasury bills, commercial paper ext. capital markets has instruments maturity period is more than one year like treasury bonds, privet debt securities ext.

Regulatory Authrities Of Sri Lanka

2010-11-14T04:04:00.003-08:00

Regulatory authorities are regulate financial system institutions to protect financial system. Central bank of sri lanka. Insurance board of sri laka, securities and exchange commission sri lanka can be take as some regulators of sri Lankan financial system.

Financial System In Sri Lanka

2010-11-14T04:02:00.000-08:00

Financial system stability is main requirement for strength of any Economy.

Sri lanka

domestic financial system consists following components.

1) Regulatory authorities

2) Financial institutions

3) Financial markets

4) Financial instruments

5) Payment and settlement infrastructure