SNIPPETS 

Google MD at Economic Summit

The Managing Director of Google India, Rajan Anandan will attend the Sri Lanka Economic Summit 2016 as a keynote speaker of the session 5 of the event, which will focus on Sri Lanka's talent pool. The Summit will be held at the Cinnamon Grand from August 2 to 3.

Sri Lankan born Anandan, who also heads Google's South Asian operations has an impressive career record with holding top executive positions at globally acclaimed entities such as Microsoft, Dell and Mckinsey.

Prior to Google, he was the Managing Director of Microsoft India and went into buildthe country's largest software business.

Chinese biz delegation due

A 16-member business delegation from China organised by the Beijing Lansing Century Exhibition Company in association with Lanka Exhibition & Conference Services will visitSri Lanka on July 29.

The visit coincides with the Construction Expo 2016 to be held in Colombo.

The Ceylon Chamber of Commerce will be organising a Business Forum followed by a Business Networking Event on the same day at the Cinnamon Grand Hotel, Colombo.

USD Bond rated 'B+(EXP)'

Fitch Ratings on Friday assigned Sri Lanka's upcoming US dollar denominated bonds an expected rating of 'B+(EXP)'.

The expected rating is in line with Sri Lanka's Long-Term ForeignCurrency Issuer Default Rating (IDR) of 'B+' with a Negative Outlook.

The rating would be sensitive to any changes in Sri Lanka's Long-Term Foreign Currency IDR. In February 2016, Fitch downgraded Sri Lanka's Long-Term Foreign Currency IDR and Local Currency IDR to 'B+' with a Negative Outlook.