Author: lbostgadmin
Sri Lanka delayed VAT debate in Parliament tomorrow
Oct 25, 2016 (LBO) – Sri Lanka’s much delayed Value Added Tax (VAT) amendment bill under the equitable taxation principle will be debated in parliament, Wednesday, the Finance Ministry said in a statement. “The newly proposed VAT system is very simple and transparent,” Ravi Karunanayake, Minister of Finance said in the statement. VAT was introduced […]
Sri Lanka appoints committee to look at Norochcholai issues
Oct 25, 2016 (LBO) – Sri Lanka’s power regulator, the Public Utilities Commission, has appointed another three member committee to investigate the recent break down of Lakvijaya coal power plant in Norochcholai. The committee will be chaired by Shibly Aziz, former Attorney General and President Counsel and include R I Senaratne, head of the Department […]
Sri Lankan rupee weaker on importer dollar demand; stocks up
Oct 25, 2016 (Reuters) – The Sri Lankan rupee edged down on Tuesday due to importer dollar demand and a lack of exporter sales, but selling of the greenback by a state bank capped further fall in the domestic currency, dealers said. They added the moral suasion by the central bank discouraged trading in the […]
Lamudi: Why invest in real estate in Sri Lanka?
Now is the age of real estate investment in emerging markets. Why? Because development in emerging markets is happening faster than ever before. From unprecedented urbanisation and rapid internet penetration movement to the promise of policy changes, investors are being encouraged on a global scale. Sri Lanka is a prime example of a country whose […]
Sri Lanka – China Business Council elected new President
The Annual General Meeting (AGM) of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce (CCC) was held recently at Hilton Colombo Residences electing Mr. Lasantha Wickremesooriya as the President. The Chief Guest of the event was the Ambassador of the People’s Republic of China, H. E. Yi Xianliang. Addressing […]
Opinion: IT security for your enterprise, have you got it all covered?
By Dimuthu Leelarathne, director of solutions architecture at WSO2 Cyber security and the resultant risks, if not addressed properly, was a hot topic in Colombo recently. And it’s now taken the spotlight globally as well with various discussions taking place to commemorate US cyber security month. Even a top regional study released in Singapore recently […]
Restoring normalcy in Sri Lanka north vital after shooting: NPC
Oct 25, 2016 (LBO) – Restoring normalcy in the north of Sri Lanka is of utmost importance after two students were shot dead at a police checkpoint, which triggered public protests, a civil society organization said. “The importance of restoring normalcy to the North has become evident in the aftermath of the fatal shooting incident […]
Indian Foreign Secretary discusses progress of Indian projects in Sri Lanka
Secretary to the Ministry of External Affairs of India Dr. S. Jaishankar, called on the Minister of Foreign of Affairs Mangala Samaraweera, yesterday (24), at the Foreign Ministry. The Indian Foreign Secretary and the Minister discussed the progress of Indian projects in Sri Lanka.
‘s FIU and Inland Revenue to share info
Oct 25, 2016 (LBO) – Sri Lanka’s Central Bank says its Financial Intelligence Unit (FIU) has entered into a memorandum of understanding with the Department of Inland Revenue to exchange information on money laundering and terrorist financing. The MoU will facilitate investigations and prosecutions in terms of the provisions of the Financial Transactions Reporting Act, […]
Asia shares track Wall St higher, US dlr firm
SYDNEY, Oct 25 (Reuters) – Asian shares edged higher on Tuesday while the dollar stood firm as upbeat U.S. earnings boosted Wall Street and factory surveys in the United States and Europe boasted their best readings so far this year. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent with most components […]
Danish delegation to look at infrastructure in Sri Lanka
Oct 25, 2016 (LBO) – A business delegation is due from Denmark to look at investment opportunities in Sri Lanka in in energy, infrastructure and water. “The delegation is interested in exploring the Sri Lankan market and strengthening ties with the Sri Lankan business community,” a statement from the European Chamber of Commerce of Sri […]
SriLankan Airlines wins two awards for HR Practices & CSR
Press Release: SriLankan Airlines (www.srilankan.com) enhanced its position of prominence in South Asia’s corporate sector by winning two prestigious accolades for Human Resources Practices and Corporate Social Responsibility at the Sri Lanka Best Employer Brand Awards and the South Asian Partnership Summit & Business Awards 2016 (SAPS) of the World HRD Congress respectively. Colonel Sunil […]