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Interview: Creating a tech ecosystem essential for Sri Lanka IT, says Manoj Ranaweera
Oct 27, 2015 (LBO) – Building a tech ecosystem is crucial for a thriving IT sector, according to a Sri-Lankan born entrepreneur. Manoj Ranaweera was a key architect behind the ecosystem put in place in Manchester between 2006 and 2013.Through 100 events he rallied together over 2,000 entrepreneurs, investors, deal makers and senior managers of […]
Blog: Capitalism does not self correct towards equality, says Bill Gates
Oct 27, 2015 – (LBO) – Bill Gates, in a recent blog, reviewing Thomas Piketty’s book Capital in the Twenty-First Century, says capitalism does not self correct towards equality — a review that sounds remarkably socialist in orientation. He agrees with Piketty that: 1) High levels of inequality are a problem—messing up economic incentives, tilting […]
At treasury bond auction Rs45.4 bn bids accepted
Oct 26, 2015 (LBO) – Sri Lanka’s Treasury bond auction on Monday for 30 billion rupees in bonds received bids amounting to 129.7 billion rupees. The Central Bank accepted 45.4 billion rupees worth of bids. Bonds maturing on 15 September 2019 received 32.5 billion rupees in bids for seven billion rupees in bonds on offer. […]
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Oct 26,2015 (LBO) – Fitch Ratings has assigned Sri Lanka’s Sampath Bank PLC’s Base lI-compliant subordinated debentures of up to seven billion rupees , a final National Long-Term Rating of ‘A(lka)’.The final rating is the same as the expected rating assigned on 9 October 2015, and follows the receipt of documents conforming to information already received, the rating […]
SPIKE – Meetup for Sri Lanka’s Tech Startup Ecosystem
Sri Lanka’s tech startup ecosystem is small but slowly gathering momentum.Over the past year, a monthly meetup called SPIKE Night has been the regular meeting point for startup entrepreneurs and others from the tech ecosystem. Unlike more formal events, SPIKE is intentionally casual.It’s a meetup where where tech startups and entrepreneurs get an opportunity to […]
Sri Lanka stocks close flat on six week low
Oct 26, 2015 (LBO) – Sri Lankan stocks closed higher 0.03 percent on Monday low volumes traded, brokers said. The Colombo benchmark All Share Price Index closed higher 1.99 points at7,083.48 up 0.03 percent. S&P SL20 closed 6.00 points higher at 3,827.83 higher 0.16 percent. Turnover was 481 million rupees, down from 1.1 billion rupees […]
Google Product Marketing Head Takes on Advisory Role at Auxenta
Former Google Product Marketing Global Head Takes on Advisory Role at Auxenta Colombo, Sri Lanka –Auxenta is pleased to announce that technology entrepreneur Sanjeev Agrawal, perhaps best known as Google’s first global head of product marketing, has taken on the role of product strategy advisor at Auxenta. While at Google as Head of Product Marketing (May […]
PTL Watch: CBSL sells more than Rs45 bn bonds, demand builds
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Central banks may use negative interest rates as stimulus
Oct 26, 2015 (LBO) – Negative interest rates is a possibility in the United States following in the foot steps of interest rates pushed below zero in countries such as Sweden, Switzerland and Denmark, according to some analysts.Speaking in Colombo at the DFCC Economic Forum, Akshay Chinchalkar, head of charts and technical analysis for Bloomberg […]
India’s Sandal Lands mulls USD 25 mn FDI on Sri Lanka’s real estate
Oct 26, 2015 (LBO) – Sandal Lands (Pvt) Ltd of India said they are in talks with Sri Lanka’s urban development agency to seek opportunities to invest up to 25 million US dollars in residential or commercial property, looking at the strong growth prospects in island’s real estate market. The company plans to invest up […]