Author: lbostgadmin
LankaPropertyWeb.com Acquires Lamudi.lk
Jan 04, 2019 (LBO) – Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal lamudi.lk. The acquisition includes the lamudi.lk domain and all its listings, plus the local operations of Lamudi Sri Lanka. With this acquisition, LankaPropertyWeb aims to expand its reach and property portfolio to provide an improved […]
MBSL announces changes in MIDCAP with year-end index rebalance
In a pioneering move, Merchant Bank of Sri Lanka & Finance PLC (MBSL) constructed a Stock market Index: the “MBSL MIDCAP Index”, which measures the aggregate price level and price movements of medium-sized companies listed on the Colombo Stock Exchange (CSE). The index which came into operation in the Year 1999 is revised annually and […]
‘s Finance Minister
Jan 03, 2019 (LBO) – Two European Union Parliamentary Members Lord William Dartmouth and Geoffrey Van Orden who visited Sri Lanka as members of the “Friends of Sri Lanka Group”, has paid a courtesy call on the Finance Minister Mangala Samaraweera yesterday. According to the Finance Ministry, during the call both the parties have exchanged views on matters […]
Online property portal LankaPropertyWeb acquires Lamudi.lk
Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal lamudi.lk, firmly establishing the company as the dominant portal in the country. The acquisition includes the lamudi.lk domain and all its listings, plus the local operations of Lamudi Sri Lanka. With this acquisition, LankaPropertyWeb aims to expand its reach […]
Hemas Pharmaceuticals launches pharmacists skill development program
Leading local pharmaceutical importer and distributor Hemas Pharmaceuticals (Private) Limited in conjunction with the Pharmaceutical Society of Sri Lanka recently launched its inaugural Pharmacists Skill Development Programme with the objective of gearing pharmacists with the necessary skills, qualifications and training to serve patients better. “Currently, there are more than 3,700 pharmacists serving patients across the […]
Opinion: My new year’s wish – a final rest to “ghosts” of years past!
By Chrishmal Warnasuriya G’day from down-under: Our customary few lines that usually accompany my New Year’s wish-list this time comes from the land of Skippy the Kangaroo and boxing day MCG cricket (sans the sand-paper of course); hence the slight delay in reaching you, my apologies! Our extensive travels and the chance to look at things […]
Sri Lanka to cut threshold for foreign investment in rupee denominated securities
Jan 02, 2019 (LBO) – Central Bank intends to reduce the threshold for foreign investment in rupee denominated Government securities from 10 percent of the outstanding Government securities stock at present to 5 percent. Governor Indrajit Coomaraswamy, announcing the road map 2019 said this measure will be taken in view of the increased volatility in […]
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Jan 02, 2019 (LBO) – Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The notes, which will total LKR7 billion and mature in five years, include a non-viability clause and will qualify as regulatory Tier II capital for the bank. The bank […]
Sri Lanka and Nepal to strengthen economic cooperation
Jan 02, 2018 (LBO) – The Embassy of Sri Lanka in Nepal, together with the Nepal- Sri Lanka Chamber of Commerce and Industry organized a programme on “Promotion of Economic relations between Sri Lanka and Nepal” at Hotel Radission in Kathmandu, recently. Sri Lanka’s Ambassador to Nepal Swarna Perera and President of the Nepal- Sri […]
BOI signs agreement for Hospitality Industry Academy
The BOI signed an Agreement with the Australian Academy of Hospitality (AAH) recently. Hemasiri Fernando, chairman, signed on behalf of the Board while Kalum de Silva, Managing Director of AAH signed the agreement on behalf of the Company. Also present at the signing ceremony was Mrs. Champika Malalgoda, Director General of the BOI and Mrs. […]
Happy New Year 2019: New Year celebrations around the World
Jan 01, 2019 (LBO) – Major cities around the world kick-started the New Year 2019 with fireworks displays and dazzling performances and shows. Dubai, UAE rang in 2019 with a blinding light and fireworks show that illuminated the world’s tallest building, the Burj Khalifa, and also set a Guinness World Record for largest LED illuminated […]
ComBank issues UnionPay cards for first time in Sri Lanka
The Commercial Bank of Ceylon has become the first Bank in Sri Lanka to issue UnionPay Credit and Debit Cards, the card brand with the largest customer base in the world, making Sri Lanka the 51st market in the world to issue UnionPay cards. Sri Lanka’s fastest-growing credit card issuer, the Bank said it will […]