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Opinion: Key success factors of adopting Electronic Payments
By Channa de Silva If a country is to achieve the vision of financial inclusivity, such is the case in Sri Lanka, establishment and adoption of electronic modes of payment is of paramount importance. Financial inclusivity is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of the society, as […]
Dr Indrajit Coomaraswamy assumes office as Central Bank Governor
Dr Indrajit Coomaraswamy was appointed as the Governor of the Central Bank of Sri Lanka by the President of the Democratic Socialist Republic of Sri Lanka Maithripala Sirisena, according to the provisions of the Monetary Law Act No.58 of 1949. Accordingly, Dr. Coomaraswamy will function as the Chairman of the Monetary Board of the Central […]
PTL Watch: Yields tick higher, some foreign buying
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New Central Bank Governor says upholding institution his primary duty
July 04, 2016 (LBO) – Sri Lanka’s newly appointed Central Bank Governor Dr. Indrajit Coomaraswamy says upholding the reputation and credibility of the institution will be his primary responsibility. He said this giving an inaugural address to the staff of the Central Bank. “The Central Bank of Sri Lanka is one of the great institutions […]
” to Sierra Cables PLC Fitch Ratings
Fitch Ratings has assigned Sri Lanka based cable manufacturer Sierra Cables PLC (Sierra) a National LongTerm Rating of ‘BB+(lka)’. The Outlook is Stable. Sierra’s rating reflects its established core business, which has an extensive product portfolio, modest but expanding market share and stable EBITDA margins. This is counterbalanced by exposure to cyclical endmarkets, risks associated […]
LBR LBO Summit to focus on brand innovation in the digital age
Jul 04, 2016 (LBO) – Sri Lanka’s leading digital strategists and regional thought leaders will take the stage at the 2016 edition of “LBR LBO Brand Summit,” themed “Building Winning Brands in the Digital Age and Strategy Innovation” Lanka Business Online, LBO, will be hosting the annual LBR LBO Brand Summit on Tuesday 12 July […]
Sri Lanka’s CCC welcomes new Governor, Urges Stakeholders to Support Restoring Confidence in CBSL
The Ceylon Chamber of Commerce warmly welcomes the appointment of Dr. Indrajit Coomaraswamy as the Governor of the Central Bank of Sri Lanka and extends to him its best wishes as he commences a 6 year term. Coomaraswamy, a much respected economist with a stellar track record both in Sri Lanka and overseas, is eminently […]
Sri Lanka’s first National Coop Policy & Coop Act in the offing
As Sri Lanka’s third economic force reported total value close to $ 3 Bn, it is set to enter the next stage of development with a variety of support measures from the government –including a National Cooperative Act, a Coop policy and the third cooperative university in South Asia set up in Sri Lanka. “We […]
Sri Lanka Ports Authority profit rises along with debt
July 04, 2016 (LBO) – Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months of the year, the mid-year fiscal report of the Finance Ministry said. Revenue increased by 8.5 percent to 14 billion rupees during this period. However, outstanding borrowings increased, and SLPA […]
Britain to slash corporate tax to lowest in a major economy
July 04, 2016 (LBO) – The British Chancellor George Osborne wants to slash corporation tax to less than 15 per cent, making it the lowest rate in any major economy, amid steps to buoy the economy after the brexit vote. He said Britain should “get on with it” to prove to investors that the country […]