Author: LBO Admin
Viraj Dayaratne appointed as Chairman of SEC
Jan 22, 2020 (LBO) – Additional Solicitor General Viraj Dayaratne PC has been appointed as the Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). The appointment was done by the Prime Minister and Minister of Finance Mahinda Rajapaksa. Other new members of the SEC appointed are Ernst & Young former Country Managing […]
‘s inflation increased to 6.2-pct in December
Jan 22, 2020 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 6.2 percent in December 2019 from 4.1 percent in November 2019. According to the Central Bank, this was driven by monthly increase of prices of items in the Food category along with […]
Sands Active to manufacture pharmaceutical products under new BOI deal
The Board of Investment of Sri Lanka signed an Agreement with Sands Active (Private) Limited to set up a project for the manufacture of pharmaceutical products for the local market to meet the current National requirement of imports substitution of medicinal drugs. The agreement was signed on behalf of the BOI by Mr. Susantha Ratnayake, […]
Five forensic audits completed at a cost of Rs275mn: Central Bank
Jan 21, 2020 (LBO) – Sri Lanka’s Central Bank says that out of the six forensic audits initiated, five forensic audits have been completed so far at a cost of 275 million rupees. Issuing a statement, the Central Bank said the procurement process of the sixth forensic audit is currently underway. The procurement of the […]
‘s forensic audit report
Jan 21, 2020 (LBO) – Speaker of the Parliament of Sri Lanka, Karu Jayasuriya has decided that it is appropriate to table the forensic audit report on the issue of Treasury Bonds issued by the Central Bank. Making a statement, the Speaker said that it will also address the fundamental right of access to information […]
Cabinet nod to amend Inland Revenue Act; to be presented to Parliament
Jan 21, 2020 (LBO) – Sri Lanka’s Cabinet of Ministers have approved the proposal to amend the Inland Revenue Act to reflect new tax proposals introduced by the government. The proposal has been made by Prime Minister Mahinda Rajapaksa in his capacity as the Finance Minister to fulfill a promise made by the government to […]
Discussion on Belt and Road Initiative, challenges & way forward
The Ceylon Chamber of Commerce together with the Pathfinder Foundation will hold an informative discussion on the Belt and Road Initiative (BRI) on 27 January 2020. The BRI program initiated by the Chinese Government aims to connect Asia with Africa and Europe through land and maritime networks along six corridors with the aim of improving […]
‘s Central Park
If you’ve been to New York, you’ve probably visited Central Park. But there’s a part of its story you won’t see. It’s a story that goes back to the 1820s, when that part of New York was largely open countryside. Soon it became home to about 1,600 people. Among them was a predominantly black community […]
Commercial Bank celebrates 100 years of banking in Sri Lanka
Jan 21, 2020 (LBO) – The dreams of the future and the history of the past were interwoven when more than 4,000 staff members from all over Sri Lanka came together in Colombo in January to celebrate the 100th anniversary of the Bank and its forerunners. The staff gathering that united employees of the country’s […]
Norway to host panel discussion on clean energy investments in Sri Lanka
The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an expert panel discussion titled “A new Decade: Investing in Clean Energy in Sri Lanka – Drivers and Barriers” on Tuesday, 21st of January 2020 at Galle Face Hotel. Both Norway and Sri […]
Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a 25 percent stake of the company. The company said in a statement that Emerging Media’s tie with XpressJobs aims to further expand the company’s operational capabilities and also greatly increase visibility for […]
EU Ambassador visits Northern Province
Jan 20, 2020 (LBO) – Ambassador of the Delegation of the European Union (EU) to Sri Lanka, Denis Chaibi, visited the Northern Province from 15 to 17 January 2020. Ambassador Chaibi launched an EU-funded demining project implemented by HALO Sri Lanka during a visit to the Muhamalai minefield on 17 January 2020. The EUR 2.5 […]