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Appreciation Segarajasingham Nagendra, known as Sega, met the love of his life when they were both children. Eight years her senior, Sega was the playmate and bodyguard of his cousin Sarla Murugaser. Both were direct descendants of Sir Ponnamabalam Arunachalam, being this illustrious Ceylonese’ great-grandchildren down different lines. As they grew up, the newly qualified […]
March 1, 2022 (LBO) - They don't make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. Sega Nagendra was a fixture on the Sri Lankan corporate circuit. Everyone seemed to know him, and there was always positivity when his name
Suresh Kumar Shah is one of Sri Lanka’s most respected corporate leaders, renowned for his impeccable leadership and unwavering commitment to good governance. He served as the Founding CEO/Director of Lion Brewery Ceylon PLC and continues to sit on the Board of its parent, Carson Cumberbatch PLC. He currently serves as Chairman of Ceylon Tobacco...
Sri Lanka stocks touch a new record high on Thursday (7)
Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers following the downgrade of the sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below. For details, see “Fitch Ratings Recalibrates its Sri Lankan National Rating Scale”, dated 22 December 2020, at www.fitchratings.com/site/pr/10147729. The recalib...