Author: lbostgadmin
SANASA Development Bank to raise capital via a Secondary Public Offering
SANASA Development Bank has resolved to raise capital through the issuance of new Ordinary Voting Shares to the public via a Secondary Public Offering (SPO), the bank said in a stock exchange filing. The SPO under consideration constitutes of an invitation to the public, by way of a Prospectus, to subscribe up to Sixty Eight […]
CBB sets sights on enhanced SL-UK trade with British Chambers of Commerce
The Council for Business with Britain (CBB) is now a member of the British Chambers of Commerce and marked this collaboration with an open networking event. The virtual gathering titled ‘The Power of a Global Network’ gave CBB members and other businesses across Sri Lanka a platform to connect with over 50 Regional Chambers of […]
Veemansa Initiative webinar to discuss new developments at Colombo Port City
Asia’s newest landscape, the Colombo port city, is to be launched as a special economic zone under the aegis of the Colombo Port City Economic Commission. The scope, incentive structure and the institutional setup of this special economic zone which was gazetted recently will be the theme of the webinar of “Asia’s Newest Landscape” which […]
United States funds mobile app for Sri Lankan legal professionals
With support from the United States, the Colombo Law Society (CLS) recently launched a mobile application that provides members with access to online legal resources and court calendars. With court calendars and law reports at their fingertips, lawyers will be able to better serve the public. The mobile application was funded by the U.S. Government’s […]
Govt has no intention to tarnish its unblemished debt service record, CBSL clarifies reports
The Government has no intention to tarnish its unblemished debt service record by delaying the settlement of maturing debt obligations, the Central Bank clarified. The clarification came after a newspaper today publishing a report of a planned delay in settlement of dues on SLDBs and foreign currency loans obtained by the Government from domestic banks. […]
BASL expresses serious concern about violent & brutal nature of certain Police Officers
The Bar Association of Sri Lanka (BASL) expresses serious concern about the recent reports of incidents involving the use of force by certain Police Officers and the violent and brutal nature of the force used. The BASL is firmly of the view that the use of force should not be used under any circumtances except […]
Strengthening recycling identified as immediate solution to plastic waste issue
AIESEC Sri Lanka hosts webinar on plastic waste management in view of recycling day CEA emphasizes need to adopt a collaborative approach to addressing the issue Only 20% of the plastic waste in the market reach recyclers Strengthening recycling practices and systems identified as key In view of Global Recycling Day, youth organization AIESEC Sri […]
Ceylon Electricity Board to raise up to Rs. 20Bn in capital through stock market
The Colombo Stock Exchange (CSE) has approved an application by the Ceylon Electricity Board (CEB) to issue Senior Unsecured Listed Redeemable Rated Debentures at an Issue Price of Rs. 100 amounting to a potential capital raising of up to Rs. 20 Billion. The debentures will be issued for period of 5 years with a fixed […]
SLSI commends Hemas Hospitals as first hospital in SL to obtain COVID-19 Safety Certification
The National Standards Authority, Sri Lanka Standards Institute (SLSI) commends leading private healthcare provider Hemas Hospitals, as the first hospital in the country to obtain the COVID-19 Safety Certification. The SLSI established the Certification Scheme to ensure that an organisation and its stakeholders, through its activities, products, and services, are safeguarded from the risks of […]
Opinion: Marketers should lead their organizations during pandemic
By Thanzyl Thajudeen MCIM Marketing is in the spotlight during this pandemic with the C-suite realizing its importance in connecting and bringing the various aspects of the business together and managing relationships with all key stakeholders. Marketers are leading brands through the pandemic, emerging even stronger and resilient than ever. From meaningful data, insights and […]
State Minister of Regional Cooperation meets Chinese Ambassador at Foreign Ministry
Ambassador of China to Sri Lanka, Qi Zhenhong, paid a courtesy call on State Minister of Regional Cooperation Tharaka Balasuriya at the Foreign Ministry. The State Minister of Regional Cooperation conveyed the sincere appreciation of the Government of Sri Lanka for consistent support given by China to Sri Lanka during the 46th session of the […]
Colombo Consumer Price inflation increased to 4.1-pct in March with low base effect
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 4.1 percent in March 2021 from 3.3 percent in February 2021. This was due to the statistical effect of the low base prevailed in March 2020, the Statistics Department said. Meanwhile, Food inflation (Y-o-Y) increased to 9.6 percent […]