Author: lbostgadmin
70-pct probability to hold policy rates: First Capital Research
First Capital Research believes that there is a 70 percent probability to hold policy rates due to the considerable improvement in high-frequency indicators and with fiscal and monetary measures implemented so far. As per their view, the Central Bank either can choose to hold policy rates steady or cut by 25 bps or 50 bps […]
Panasian Power commissions solar power project worth Rs. 420Mn
Panasian Power PLC (PAP), a dynamic Sri Lankan renewable energy solutions organisation and a leading supplier of renewable energy to the national grid recently commissioned a 3 MW ground solar plant in Matara, worth a total investment of LKR 420 million. Panasian Power is the equity investor and led all aspects of the construction including […]
ACL Cables launches its own online sales channel to personalize customer experience
Sri Lanka’s leading cable manufacturer, ACL Cables PLC launched its own e-commerce platform designed to help customers personalize their buying experience. The “ACL shop online” e-commerce platform can be accessed through the ACL corporate website www.acl.lk or through the direct link www.acl.lk/shoponline. This paves way for the company to reach its customers more conveniently and […]
Comm Bank Group’s operating income up 13.3-pct: Total assets grow 25-pct
Strong asset and other income growth combined with an emphasis on prudent provisioning in one of the most challenging years on record, have enabled the Commercial Bank of Ceylon Group (ComBank) to end 2020 on a stable platform for growth, with better liquidity than most peers and adequate provision cover. The Group, comprising of Sri […]
Saliya Pieris elected as 26th President of Bar Association of Sri Lanka
The Election to select the 26th President of the Bar Association of Sri Lanka concluded yesterday with Saliya Pieris, PC being declared the winner having secured 5,162 votes against 2,807 votes secured by Kuvera De Zoysa, PC. Saliya Pieris, PC secured 2,416 Votes from the Colombo Zone and 2,746 Votes from the other Branches whilst […]
PCoI appointed to ensure transparency in SL Customs
President Gotabaya Rajapaksa has appointed a Presidential Commission of Inquiry(PCoI) to evaluate the state of current affairs of the Sri Lanka Customs Department and make recommendations to enhance its effectiveness. The Commission is assigned to simultaneously come up with recommendations to make services by SL Customs more efficient and effective while dealing with various allegations […]
VIDEO: The Idea Hub E02: A discussion with SEC Chairman about current credit climate of CSE
A discussion with the Chairman of the Securities and Exchange Commission of Sri Lanka by Softlogic Stockbrokers.
Fox Resorts receives SLSI 1672:2020 certification for Covid Safety measures
Fox Resorts becomes the second hotel chain to receive SLSI 1672:2020 certification for Covid safety measures. This is currently the only COVID-19 safety certification available for Sri Lankan hotels hosting local guests. Visitors at the Fox properties can now explore some of the island’s best kept secrets without worry. The resort chain received their official […]
Trees of life: Why worry about deforestation?
By Manadilani Daluwatte – Trustee, Federation of Environmental Organisations, Sri Lanka (FEO) “The death of the forest is the end of our life.” Dorothy Stang Why are forests important? This is a question that we must all focus on now, before it is too late, as much of Sri Lanka’s forests are being destroyed before […]
National Law Conference 2021, a Hybrid event organized by LECS
For the first time in its history, the annual National Law Conference was converted to a “hybrid” conference due to the COVID-19 pandemic under the COVID Guidelines published by the Ministry of Health. The National Law Conference Organized by the Bar Association and conducted by professional conference organizers Lanka Exhibition and Conference Services Pvt. Ltd […]
Spotify Launches in Sri Lanka
Spotify, the world’s most popular audio streaming subscription service, officially launches today in Bangladesh, Pakistan and Sri Lanka, offering a revolutionary music experience tuned to your personal taste. With a worldwide community of more than 345 million monthly active listeners including 155 million Premium subscribers, Spotify will offer a personalized listening experience for local and […]
VIDEO: Why printing money may not cause inflation
Central banks and governments around the world have injected stimulus money into the economy at a record pace in an attempt to fend off a global recession. While some prices have increased as supply chains are disrupted, economists and policymakers say inflation could still stay low for a long time.