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Government proposals may lead to lubricant market fragmentation: Chevron
Mar 10, 2016 (LBO) – Chevron Lubricants Lanka, a leader in the island’s lubricant industry says the market may be at risk of further fragmentation as the government proposed to open up the lubricant market. “We have concerns about the 2016 budget proposals in respect of the lubricant industry,” said Kishu Gomes, Chief Executive Officer […]
Sri Lanka bought planes instead of building houses: PM
Mar 10, 2016 (LBO) – Sri Lanka’s Prime Minister said on Thursday the nation is plagued with incompetencies of the former regime and the homeless could have been housed with the funds mishandled. “If they (the former government) did not buy those eight planes then we could have built houses for the people,” Premier Ranil […]
‘s Day Celebration in Bangalore
A group of Sri Lankan students living in Bangalore represented their country at the International Women’s Day Celebration organized by the Federation of Karnataka Chambers of Commerce & Industry held on 8th March 2016 at a gala event in Bangalore. “Bangalore had always been my second home and I always wanted to take part in […]
Business Conclave: Why invest in Sri Lanka?
March 10, 2016 (LBO) – “This is the best time to invest in Sri Lanka,” Minister of Finance Ravi Karunanayake urged at the successful Investment and Business Conclave 2016 organised by the Ceylon Chamber of Commerce, raising the question ‘Why is it the best time to invest in Sri Lanka?’ Admitting that everything is not […]
LSE to shift Bangalore research facility to Sri Lanka
Mar 09, 2016 (LBO) – The London Stock Exchange (LSE) plans to shift its Bangalore-based research facility to Sri Lanka, a senior official said. “They are shifting from Bangalore to Sri Lanka, and usually it is the reverse that happens. This is a major win for Sri Lanka,” Ranjith Fernando, chairman of the Urban Development […]
Sri Lanka stocks close down 1.2-pct, foreign inflow 602 mln rupees
Mar 09, 2016 (LBO) – Sri Lankan stocks closed down 1.2 percent with continued losses in index heavy stocks following a government announcement to re-introduce Capital Gains Tax on Tuesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 72.37 points at 5,862.35, down 1.22 percent. The S&P SL20 closed 51.93 points at […]
John Keells Holdings powers CA Sri Lanka with lead sponsorship
Sri Lanka’s leading conglomerate, John Keells Holdings PLC (JKH) has once again powered the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a lead sponsorship. John Keells Holdings has been CA Sri Lanka’s lead sponsor since 2007. JKH Group Finance Director Ronnie Peiris said that JKH is pleased to continue its lead […]
CSE Rings Bell for Gender Equality
The CSE recently joined the Sri Lanka Institute of Directors (SLID), IFC – a member of the World Bank Group, UN Global Compact, UN Women, the World Federation of Exchanges, Women in ETFs and the Sustainable Stock Exchanges (SSE) Initiative to ring the opening bell for gender equality. These bell-ringing events are taking place in […]
Sri Lanka to move prison out of Colombo, shift key buildings
Mar 09, 2016 (LBO) – Sri Lanka’s government is planning to shift key government offices including the Prison, President and Prime Minister’s residences from Colombo and free land for development purposes, chairman of the Urban Development Authority said. “We want to move the Welikada Prison, which has about 50 acres, and it will be shifted […]