Author: lbostgadmin
Country will fall into disaster if budget 2022 fails to infuse confidence amongst global community: Eran
The finance minister who assumed duty declaring he is the finance minister without money has huge challenges to overcome through the Budget – 2022 which we are expecting next week on November 12, said SJB Parliamentarian Eran Wickramaratne speaking at a Press Conference. “We must wait and see what he has to say. One of […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Peter D’Almeida
“Lots of leaders give themselves too much credit. They think, I made the decision but they won’t realize that there were other people but they take the credit for it. But most of our decisions we make collectively.” Peter D’Almeida, CEO of Kehelmala Productions This video interview series will feature leaders who share their biggest […]
The Climb Ahead: Making the Case for Human Capital Investments in Sri Lanka
By Hartwig Schafer , Vice President, South Asia Region, World Bank “Sri Lankan children make a dangerous climb for online school,” read the headline of a recent article carried by Al Jazeera. The article, and many others like it, came out in response to a set of photographs making the rounds on social media. The […]
HIP reaffirms gateway status with first shipment for local manufacturer
The Hambantota International Port (HIP) recently facilitated the shipment of locally manufactured trailers, marking the beginning of its services to the local industry as a gateway port. “The master plan of the Hambantota International Port clearly spells out supporting the development of Sri Lankan industries servicing overseas markets.This shipment for Dutch Lanka Trailers emphasizes HIP’s […]
WB Group agreed to provide USD 500mn loan for Inclusive Connectivity & Development Project
The Development Policy Framework of the Government has identified the necessity of improvement of accessibility and connectivity of Rural Sri Lanka by rehabilitation and improvement of rural & provincial roads on a priority basis. Poorly maintained provincial and rural road network has resulted poor accessibility and connectivity, poor road safety, as well as high transportation […]
Ex-Pack IPO oversubscribed, Highest in recent times
Ex-Pack Corrugated Cartons Limited’s LKR 700 million IPO, witnessed 6,000+ applicants seeking to subscribe, resulting in an 11X oversubscription. This is the highest rate of oversubscription witnessed by any recent IPO, making it the highest subscribed IPO for 2021. The IPO, which opened on the 22nd of October 2021, was oversubscribed in a matter of […]
SL, WB partner for safe, climate-resilient transport connectivity and strong agricultural supply chains
The Government of Sri Lanka and the World Bank signed a $500 million financing agreement to provide safe, efficient and climate resilient connectivity to strengthen agricultural supply chains through the Inclusive Connectivity and Development Project. This project is expected to benefit around 16 million people living in rural communities in selected districts of Sri Lanka. Sajith […]
CBSL creates new department to facilitate &’ remittances
Sri Lanka’s Central Bank has established a new department named “Foreign Remittances Facilitation Department” (FRFD) to facilitate and streamline workers’ remittances inflows to the country, under the provisions of the Monetary Law Act No. 58 of 1949. Workers’ remittances have been a key pillar of Sri Lanka’s foreign currency earnings that has nearly 100 percent […]
Call for Chartered Accountants to build on position of trust & lead on future challenges
The Chartered Accountancy profession must use its position of trust to act on tackling the challenges of the recovery after Covid-19 and on building towards a sustainable future. This was the call from an event with panelists across the world, held to launch results of a survey into international business leaders’ trust in Chartered Accountants. […]
Germany pledges to convert Euro 13mn Loan into a Grant for completing New Maternity Hospital
Strengthening the long standing close partnership between the Government of Germany and the Government of Sri Lanka, German Government proposed to convert the supplementary loan obtained from the German KfW bank for completing the New Maternity Hospital (Teaching) Galle into a grant. Accordingly, Secretary to the Ministry of Finance, S R Attygalle, Head of Division, […]
A non-traditional budget will be presented this time: PB Jayasundera
Secretary to the President P. B. Jayasundera said that he believes a budget with a new vision and programme that goes beyond the traditional budget will be presented to the country this time. The Secretary to the President said that the priority will be given to the fields of green economy, renewable energy, information technology […]
“JKH Group Q2 EBITDA records growth of 93-Pct; significant turnaround in Leisure sector business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant improvement to Rs.6.41 billion during the quarter under review, which is a 93 per cent increase against the comparative period [2020/21 Q2: Rs.3.32 billion]. • The Group’s businesses, except for Consumer Foods […]