Author: lbostgadmin
Perpetual Treasuries suspension of business activities extended by 6 months
July 05, 2019 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business activities of a Primary Dealer for a period of six more months with effect from today. The Central Bank said the extension was made in terms of the […]
Opinion: Beating the economic downturn – a PwC perspective
By PwC Sri Lanka Sri Lanka is facing economic headwinds with a slowdown in GDP growth rate, depreciation of the rupee, changes in weather patterns, policy reforms and weak investor sentiment amidst the slow recovery from the recent unfortunate events on 4/21. Despite the difficult and volatile economic backdrop, opportunities exist to create business and […]
University of Technology Sydney launches UTS Insearch Sri Lanka
July 05, 2019 (LBO) – Sri Lanka’s Premier Ranil Wickremesinghe yesterday officially launched Colombo’s newest international higher education college, ‘UTS Insearch Sri Lanka’. The launch will see University of Technology Sydney (UTS) bring its latest developments in higher education learning from Sydney to support the skills and knowledge Sri Lankan students need for international study […]
Atlas celebrates 60: Takes action against hate campaign on social media
Jul 05, 2019 (LBO) – Atlas Axillia Co., a Sri Lankan owned and operated company celebrated its 60th anniversary with a number of initiatives focused on enriching the lives of children in the country. Asitha Samaraweera, Managing Director of Atlas speaking to mark the occassion said for the past 60 years the company has been […]
Improving macro stability, lower yields may strengthen equity returns: First Capital
July 05, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as economic activities were seen returning to normalcy while removal of travel advisories was faster than anticipated, First Capital said in their latest equity strategy. The research firm believes that the […]
CA Sri Lanka offers BSc. Degree programme to students who completed London A/L
Students who are looking to pursue a successful accounting and finance career, can register with the highly reputed Bachelor’s Degree in Applied Accounting offered by the country’s foremost professional body, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Students who have successfully completed the London Advanced Level (Edexcel/Cambridge) examinations or local GCE […]
ComBank receives ‘Best Bank in Sri Lanka’ award for 9th time from FinanceAsia
The Commercial Bank of Ceylon recently received the coveted Best Bank of the Year in Sri Lanka award for the ninth time at the prestigious FinanceAsia Country Awards gala. At the event held in St. Regis Hotel, Hong Kong, the Bank was represented by Mr Prins Perera, Deputy General Manager – Treasury, who accepted the […]
Land prices surrounding LRT up 129-pct: Minister
Jul 04, 2019 (LBO) – Land prices in and around Malabe have increased up to 129 percent following the announcement and launch of Sri Lanka’s light rail project, a senior minister said. “Since the project was announced, land prices in Malabe and surrounding areas have increased by 129 percent,” Champika Ranawaka, minister Megapolis and Western […]
Govt. nod for cable cars in hills
Jul 04, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved a cable car project in Nuwara Eliya, a statement said. The project will run from Nanuoya, in the islands central hills to Gregary Lake through Single Tree Mountain, a statement on cabinet decisions said. “Outdoor Engineering Lanka Pvt.Ltd. and its foreign Partner Dopelme […]
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) – The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city’s transpotation system. The Ministry of Megapolis and Western Development launched the project in the presence of Prime Minister Ranil Wickremesinghe, yesterday in Colombo. The construction work is due to commence […]
Youth Co:Lab promotes Technopreneurship in Sri Lanka
UNDP and Citi Foundation join forces to promote youth entrepreneurship in Sri Lanka through its flagship initiative – Youth Co:Lab Technopreneurship for Social Change Programme. This programme, which is currently in its third year, is supported by the National Youth Services Council and Cisco Systems Inc. Youth Co-Lab, Co-created in 2017 by UNDP and the […]
Ceylon Chamber calls for more transparency on SOFA & MCC
July 03, 2019 (LBO) – Ceylon Chamber requests the Government of Sri Lanka to clarify the exact position with regards to the current status of the proposed Status of Forces Agreement (SOFA), and the Millennium Challenge Corporation (MCC) Agreement negotiations and execution. Releasing a statement, the chamber said a commitment to transparency by all parties […]