Sri Lanka Association for Non State Higher Education Institutions (SLANSHEI) issuing a statement, congratulates the President Gotabaya Rajapaksa, on his appointment as the 7th Executive President of Sri Lanka.
“We take this opportunity to congratulate you and your desire and drive to promote higher education opportunities for all youth in this country.”
“SLANSHEI, as the representative body of recognized Non-State Higher education institutions in Sri Lanka, Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long-Term Rating at ‘AA-(lka)’ with a Stable Outlook. Fitch has also affirmed the National Long-Term Rating on Lion’s outstanding senior unsecured debentures at ‘AA-(lka)’.
Lion’s National Long-Term Rating reflects its leading market position in the domestic beer industry, which is protected by high entry barriers from the regulatory ban on media advertising, Lion’s well-established brand and extensive retail coverage.
However, Lion’s profitability can be affected in the short-term by frequent hikes in excise taxes on alcoholic beverages, although the company has been able to pass on these tax increases to customers with demand normalising within a lag of 12 to 18 months.
sincerely hopes that the President will drive and direct the development of the Non-State higher education sector education opportunities created for the betterment of our youth in the country. We are convinced that the Non-state sector will be able to support and facilitate the vision and mission encapsulated in the President’s manifesto of providing Higher Education opportunities for all.”
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