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Samantha Ranatunga to head CCC for second consecutive year
June 29, 2016 (LBO) – Shareholders of the Ceylon Chamber of Commerce reappointed Samantha Ranatunga as its Chairperson for a second consecutive year. The Ceylon Chamber of Commerce held its 177th Annual General yesterday at the Cinnamon Grand Hotel in Colombo. The chief guest of the occasion was Atul Keshap, US Ambassador to Sri Lanka […]
COPE to consider Auditor General’s report on bond issue Wednesday
June 28, 2016 (LBO) – Sri Lanka’s Parliament appointed Committee on Public Enterprises (COPE) will meet Wednesday to consider the Auditor General’s report on the bond investigation. Parliamentarian and COPE member Dr. Nalinda Jayatissa told LBO, the committee will most probably arrive at a decision on the alleged bond scam based on the findings of the […]
UN Human Rights commissioner commends Sri Lanka’s progress
June 28, 2016 (LBO) – The UN High Commissioner for Human Rights has commended steps that the Government of Sri Lanka has taken to implement some of the key commitments made in the Sri Lanka sponsored US resolution, even though rapid action could have been taken in other areas. Issuing a special report to the […]
Sri Lanka’s Seylan Bank to raise Rs5bn in listed debt
June 28, 2016 (LBO) – Sri Lanka’s listed Seylan Bank is planning to raise as much as 5 billion rupees from a sale of debenture which will be quoted on the Colombo Stock Exchange. The stock exchange said the company wanted to sell 30 million debentures at 100 rupees each with an option to issue […]
Sri Lanka’s Lion Brewery falls below minimum public holding
June 28, 2016 (LBO) – The minimum public holding of Sri Lanka’s Lion Brewery has fallen below the stipulated float making it obligatory for the company to make an announcement. As per the minimum public holding rules, there are two ways to get listed on the main board of the Colombo Stock Exchange. One option […]
PTL Watch: Mid-tenor yields ease, some foreign buying
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Sri Lanka to impose capital gains tax on stocks, Minister says
June 28 (Reuters) – Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government minister said late on Monday, as the government attempts to shore up its finances to qualify for an IMF loan. Sri Lanka’s cabinet approved reintroducing a capital gains tax on land early this month, but has not said whether […]
Brexit may not happen anytime soon: report
June 28, 2016 (LBO) – Britain may not exit the E.U. anytime soon, as it needs to invoke Article 50 of the Lisbon Treaty of 2007 which grants member states the right to leave. There will be at least two years of negotiations about the terms of Britain’s future relationship with Europe, and the invocation […]
Secretariat for NGOs asks microfinance firms to register
June 28, 2016 (LBO) – National secretariat for non governmental organizations has asked micro finance institutions that operate in the island to promptly register with them as per the newly enacted legislation. The microfinance act no 6 of 2016 requires all institutions that carry out micro finance and micro credit operations to register with the […]
CSE wins Gold award at National HR Conference 2016
The Colombo Stock Exchange (CSE) was presented with a National HR Excellence Gold Award at the recently held National HR Conference for 2016. Organized by the Institute of Personnel Management (IPM), the conference is tagged as South Asia’s largest HR event. The award was presented in recognition of the CSE’s exceptional HRM practices and the […]