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Sri Lanka slaps 100-pct margin on car LCs: Finance Minister
Oct 02, 2015 (LBO) – Sri Lanka will impose a 100 percent margin deposit on car import LCs with effect from today, Finance Minister Ravi Karunanayake told at a media briefing held in Colombo.According to data Sri Lanka’s expenses on vehicle imports has doubled to 744 million US dollars for year 2015 compared to 374 […]
PTL Watch: Foreign outflow of USD1.15 bn from Sri Lanka govt bonds
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Sri Lanka’s Renuka Foods to acquire Shaw Wallace Ceylon through a share swap
Oct 02, 2015 (LBO) – Sri Lanka’s Renuka Foods is to acquire Shaw Wallace Ceylon limited through a share swap agreement to save cost and improve operational efficiencies, the company said in a stock exchange filing. A share swap is a tactic use during an acquisition of a company, paying shares rather than with cash. […]
Sri Lanka stocks up 0.3-pct
Oct 02, 2015 (LBO) – Sri Lankan stocks closed up 0.35 percent on Friday with yesterdays momentum continues as gains seen in the index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed up 25.06 points at 7,105.54 higher 0.35 percent. S&P SL20 closed 14.73 points higher at 3,851.06 up 0.38 percent. […]
HSBC, CCC and IUCN to improve Knuckles conservation forest
Guided by the Forest Department, HSBC together with the Sri Lanka Business and Biodiversity Platform of the Ceylon Chamber of Commerce (CCC) and IUCN will begin working together on conserving and improving the mini watershed area of the Puwakpitiya Oya in the Knuckles Conservation Forest and Environmental Protection Area. This collaborative effort aims to enhance […]
LAHES partners with ATMC to provide Australian Qualifications
LAUGFS Higher Education Services (Pvt) Ltd (LAHES) has recently partnered with the prestigious Australian Technical & Management College (ATMC), offering recognized Australian undergraduate programs in the Business Management, Hospitality Management and Electronics & Telecommunications fields to students in Sri Lanka. The programs are specially designed for students who successfully complete the GCE “A” Level and […]
US 2017 Green Card lottery begins
Oct 02, 2015 (LBO) – 2017 Diversity Immigrant Visa Lottery Program also known as the “Green Card” lottery has been opened for on-line registration from yesterday to November 3, 2015, the US embassy in Sri Lanka said.The lottery allows randomly selected applicants the opportunity to interview for an immigrant visa, and if qualified, become legal […]
Sri Lanka’s Prime Minister to visit Japan
Oct 02, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will pay a four day official working visit to Japan from this Sunday, Japanese embassy in Sri Lanka said.During his stay in Japan, the Prime Minister and his spouse will be received in audience by their Majesties the Emperor and Empress of Japan. Prime […]
Sri Lanka up five notches in Global Competitiveness Report
Oct 02, 2015 (LBO) – Sri Lanka has moved up five ranks to 68 from 73 in a global index of the world’s most competitive economies for the year 2015-16.The Global Competitiveness Report 2015-2016 assesses the competitiveness of 140 world economies.The report, which serves as a reference point for investors worldwide, comes in a year […]
Sri Lanka’s plantation ministry to build about 30 tea outlets for local market
Oct 02, 2015 (LBO) – Sri Lanka’s plantation ministry is planning to build 20 – 30 tea houses around Sri Lanka to sell export quality tea to local market who drinks dust tea being a nation of tea growers. “We have spoken about a concept that we wanted to introduced to the tea board,” Navin […]