All Blogs
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) – Sri Lanka’s finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher capitalisation requirements approach in 2021, says Fitch Ratings. We view further consolidation of the sector as positive for financial sector stability in Sri Lanka, but the process could be impeded by […]
Sanjaya Mohottala assumes duties as DG, BOI
Sanjaya Mohottala yesterday assumed duties as the new Director General of the Board of Investment of Sri Lanka. Mohottala was a Managing Director and Partner at the Boston Consulting Group.He was responsible for corporate development, principal investors and private equity practices and led the Transport and Logistics practice across Asia-Pacific.He holds a BSc. from Moratuwa […]
Easter Sunday attacks: Second interim report handed over to President
Mar 03, 2020 (LBO) – The second interim report of the Presidential Commission of Inquiry appointed to probe Easter Sunday attacks was handed over to President Gotabaya Rajapaksa at the Presidential Secretariat, Monday. The first interim report was handed over on December 20th, 2019. The Commission was appointed by the former President Maithripala Sirisena on […]
Parliament dissolved: General elections on Apr 25th
Mar 03, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa dissolved Parliament last night calling for a General Election is to be held on April 25, 2020. The new Parliament is to meet on May 14 with nominations to be called between 12 and 19 March 2020. The Gazette notification was issued by the President […]
Opinion: Why we drink our own champagne
By Sal Laher, chief digital & information officer, IFS Both service providers as well as their customers rely on technology to help their operations and business growth. Technology can be used to break down regional barriers, and to enhance the ability to operate as one global team. Many service providers have acknowledged the need to […]
President recognizes 109 government institutions with high performance awards
Mar 02, 2020 (LBO) – On the recommendation of the Committee on Public Accounts (COPA), government bodies which have achieved a high performance level in the year 2018 were presented with awards at the Parliamentary Complex, recently under the patronage of President Gotabaya Rajapaksa. Of the 844 institutions of State, Provincial Councils and Local Government […]
Japan further strengthens Sri Lanka coast guard`s oil spill combat expertise
An expert team of five Japan Coast Guard (JCG) officials including two National Strike Team members specialized for combatting oil spill incidents and two Mobile Cooperation Team members specialized for the capacity development in Japan was dispatched to Sri Lanka for the period from 18 February to 27 February to conduct technical transfers to Sri […]
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) – Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the SEC for 13 years has been removed from the post with immediate effect. The decision to remove Wijegunawardane was by the Commissioners of the SEC SEC Director Litigation Chinthaka Mendis has […]
VIDEO: What the technicals are saying about oil, Won & 10-year yield
Paul Ciana, Bank of America technical analyst, takes a look at some of the technicals behind oil prices, the South Korean won and the 10-year U.S. Treasury yield.
‘Sancharaka Udawa’ to play pivotal role in boosting tourism industry
Mar 02, 2020 (LBO) – The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced that the 10th edition of the Sancharaka Udawa -Sri Lanka’s only travel and tourism exhibition- will be held this year at the BMICH on 15 and 16 May. The announcement was made alongside main sponsor Sri Lanka Tourism. Designed to […]