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Eminent lawyer K Kanag-Isvaran highlights need for Tax Ombudsman
Feb 07, 2019 (LBO) – President’s Counsel Dr. K. Kanag-Isvaran, who is one of the country’s most respected lawyers highlighted the need for a “Tax Ombudsman” in Sri Lanka. He highlighted this delivering the keynote speech at the 22nd Annual Tax Oration of CA Sri Lanka on “The Tax Collector and The Rights of the […]
Fuel up and witness the Northern Lights with NTB American Express
Few natural phenomena are as captivating as the Northern Lights; a naturally occurring display of colourful dancing lights in the night sky, also known as ‘Aurora Borealis’. Witnessing the Northern Lights in person is a dream shared by many. That is why Nations Trust Bank American Express is giving Cardmembers an exclusive chance to make […]
SEC charges a person before Magistrate for failing to appear when summoned
Feb 07, 2019 (LBO) – Securities and Exchange Commission of Sri Lanka has charged a person named Vidanalage Juvenal Aruna Melan Soysa at Fort Magistrate Court on 25th January 2019. The person has been charged for not appearing before the SEC when he was summoned to record a statement with respect to certain transactions that […]
Opinion: The Sri Lankan Rupee has bottomed
February 7, 2019 (LBO) – As the year 2018 drew to a close, the Sri Lankan currency was under attack on several fronts. The trajectory and forecasts of U.S. federal reserve tightening were causing a major exodus from Sri Lanka’s capital markets. The trade deficit was unfavourable due to a credit boom, and GDP growth […]
Haycarb records turnover of Rs.14.3Bn for 9 months ending Dec
Feb 07, 2019 (LBO) – Sri Lankan multinational Haycarb PLC reported revenue of Rs. 14.3 billion and profit before tax of Rs. 854 million for the nine months ending 31st December 2018. The profit after tax stood at Rs. 672 million. Haycarb PLC Managing Director, Rajitha Kariyawasan said that the growth in turnover is attributable to […]
BOI inks 4 agreements for Hotel, Fabric manufacture and warehousing and logistics
Feb 07, 2019 (LBO) – Sri Lanka’s Board of Investment signed agreements for 4 new projects recently. The companies representatives signed the agreements with the BOI. Representing the BOI was Ms. Champika Malalgoda, Director General of the Board of Investment of Sri Lanka. One of the Agreement signed was with Arihara Lanka Dream Company (Private) […]
Central Bank requests customers to use EMV enabled cards for ATM transactions
Feb 06, 2019 (LBO) – Sri Lanka’s Central Bank requests customers to use EMV enabled payment cards for ATM transactions to strengthen the security of these transactions. The EMV enabled cards carry an electronic chip which is visible at the front of the card. If the card used by a customer is not EMV enabled, […]
Sri Lankan Tourism; All That Glitters Is Not Gold
Tourism in Sri Lanka was said to have reached an all-time high last year with a staggering 2.2 million tourists visiting the country. While news articles widely publicized this never before seen rate, little did anyone pay attention to return in investment and surge in local sales brought by these tourists. Most of the tourists […]
Commercial Bank enables online payment of Ports Authority charges
Feb 06, 2019 (LBO) – Commercial Bank of Ceylon has added the Sri Lanka Ports Authority to its online banking platform, enabling customers to pay their Ports Authority charges in respect to their shipping requirements from anywhere, anytime. To use this online payment option, customers have to key in their 14 digit invoice number issued […]
DFCC Bank launches value added corporate credit card in partnership with Visa
DFCC Bank in partnership with Visa recently hosted its corporate clientele at the launch of its DFCC Visa corporate credit card on 23rd January 2019 at the Hilton Colombo. The exciting launch was celebrated in the presence of almost 200 attendees, consisting of the Group Country Manager and several Senior Representatives of Visa, senior management […]