Author: lbostgadmin
Classical Pianist Richard Clayderman to perform in Sri Lanka
Richard Clayderman, the French Classical Pianist is set to perform in Sri Lanka at the NelumPokuna on April 8th, 2016. The concert is being organized by Hussain Shirufaz of Helix Krest Holdings (Pvt) Ltd. Event Partners have been announced as Yamaha Music and Hotel Hilton Colombo whilst Media Sponsors are Legends, Yes FM and TV1. […]
Australian High Commissioner visits development projects in North
The Australian High Commissioner, Mr Bryce Hutchesson, visited the Northern Province on 16-18 March 2016 to meet with key government interlocutors and inspect Australian-supported development projects. In Jaffna, Mr Hutchesson had productive discussions on the political, economic and development situation in the North with Governor Reginald Cooray, Chief Minister C.V. Wigneswaran, Security Forces Commander, Jaffna, […]
Markets mixed after deadly attacks in Brussels
Mar 23, 2016 (LBO) European markets recovered from early losses after deadly attacks in Brussels killed 31 people and injured more than 230. France’s CAC and Germany’s DAX index fell 2 percent early on, but recovered by close. The CAC closed up 0.09 percent and the DAX up 0.42 percent. The FTSE closed up 0.12 […]
Sri Lanka inflation accelerates to 1.7-pct in February 2016
Mar 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose 1.7 percent in February from the 0.7 percent deflation reported a month earlier on year-on-year basis, data from the state statistics office showed. The main contributor towards the increase was the Non-food category, the state statistics office said. The […]
Royal Turf Club concludes first race with fashion at Nuwara Eliya
Amidst accolades, excitement, clean racing and all the fun, thrills and spills of a racing carnival, set in the picturesque environs of Nuwara Eliya or ‘Little ‘England ‘ as it is fondly termed, the newly formed Royal Turf Club concluded its first race for the season ‘At The Highest Level’ ! Over 35 horses were […]
CA Sri Lanka launches new Integrated Reporting Council
In a fresh initiative aimed at further enhancing the best practices of financial reporting amongst corporates in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the Integrated Reporting Council (IR Council), comprising of professionals from the accounting and non-accounting sectors, regulators and academics. The inaugural meeting of the IR […]
Opinion: Sri Lankan apparel, seeking market access through trade deals
By Subhashini Abeysinghe Apparel is the single most important export of Sri Lanka. With export earnings of US$ 4.7 billion, apparel accounted for 42% of total exports of the country in 2014. The sector faces several challenges in the international market. Erosion of cost competitiveness due to higher costs and a shortage of labour at […]
Lionel Messi Joins the Huawei Family of Global Brand Ambassadors
Huawei, global leading company in ICT and telecommunication solutions, today announces Lionel Messi’s appointment as the latest Global Brand Ambassador to the company. The partnership with Lionel Messi showcases the brand’s alignment with people and brands that demonstrate, and strive towards its shared value of connecting greatness. Challenges test our desire to achieve what we […]
Sri Lanka’s power regulator eyes electricity tariff revision
Mar 21, 2016 (LBO) – Sri Lanka’s power regulator is looking at tariff revision as one option to meet the revenue requirement of the Ceylon Electricity Board (CEB). Director General of the Public Utilities Commission of Sri Lanka (PUCSL) Damitha Kumarasinghe told Lanka Business Online that the Commission has finalized the revenue requirement of the […]
CSE Wins Global HR Excellence Award
The Colombo Stock Exchange (CSE) won the award for “The Most Innovative Use of Training and Development” at the recently concluded World HRD Congress in Mumbai, India. Attracting participation from organizations representing over 100 countries, the Global HR Excellence Awards recognize organizations and HR professionals for excellence in HR strategy and people management. Diverse training needs and unique operational […]
Debt crisis in developing nations likely if slowdown continues: Kelegama
Mar 21, 2015 (LBO) – The main priority for policy makers worldwide should be to support a robust and balanced global recovery, a Sri Lankan economist said. This involves promoting cooperation in reforming the international financial system, and ensuring sufficient resource flows to developing economies, Saman Kelegama, executive director of the Institute of Policy Studies […]
Fitch rates Singer Finance proposed senior debt BBB
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL; BBB(lka)/Stable) proposed senior secured redeemable debentures of up to LKR1.5bn a final National Long-Term Rating of ‘BBB(lka)’. A full list of existing ratings is at the end of this rating action commentary. The assignment of the final rating follows the receipt of documents conforming to information already received, and […]