Author: lbostgadmin
CA Sri Lanka budget seminar 2019 to evaluate economic and tax perspectives
The annual budget seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will evaluate the economic and tax perspectives arising from the National Budget and will also feature a host of speakers and panelists representing the private and public sectors who will share their thoughts at the seminar on 09th […]
Budget 2019 will empower people and nurture poor: Fin Min
Mar 05, 2019 (LBO) – Sri Lanka’s Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. Finance Minister Mangala Samaraweera will present the Government’s delayed Budget for 2019, today. The Finance Ministry has outlining its targets said it plans to increase public revenue to 17 […]
Sexual harassment in public transport: Speak up, intervene and be the change
Mar 05, 2019 (LBO) – “I was travelling in a bus when the man seated next to me started to touch my thigh, while he was pretending to sleep. When I confronted him, I knew he would try to escape, especially since he had already made several such attempts. This is not the first time this […]
Norwegian State Secretary Marianne Hagen to visit Sri Lanka
Ms. Marianne Hagen, State Secretary (State Minister) at the Ministry of Foreign Affairs of Norway, will make a two-day official visit to Sri Lanka from 5 to 6 March 2019. During the visit, Ms. Hagen will call on Prime Minister Mr.Ranil Wickremesinghe, Foreign Minister Mr. Tilak Marapana and Finance Minister Mr. Mangala Samaraweera. In addition, […]
Finance Minister makes final touches to Budget 2019
The Minister of Finance Mangala Samaraweera is in deep conversation with the Treasury Secretary Dr. R.H.S. Samaratunga to make the final touches to the Budget 2019 at the Minister’s “Rainbow End” private residence at Gorakana, Panadura. Minister Mangala Samaraweera will commence the Budget Speech at 1.30 pm on Tuesday in the Parliament.
Opinion: Policing the Police – challenge for the newly facelifted Police Commission
By Sanjeewa Fernando Some say that the Police has gone to the dogs. Without being so harsh, yet being realistic, we would euphemistically admit that some dogs have got into the Police force. They are wreaking havoc, abusing power, desecrating the hallowed police uniform, wagging a tail at politicos and making people lose their trust in […]
Sri Lanka’s 2019 budget allocates Rs.2.5bn for 1990 ambulance service
Mar 01, 2019 (LBO) – Sri Lanka’s government has decided to allocate over 2,500 million rupees from the next budget for the 1990 ambulance service, launching the service in Kandy, its founder Minister Harsha de Silva said. The service is currently in operation in eight provinces and it is expected to launch the service in […]
Rock bottom Rs12bn rights issue pricing crashes Sampath Bank (SAMP) shares
March 1, 2019 (LBO) – Shares on the Colombo Stock Exchange were weaker across the board with Sampath Bank (SAMP) shares having their worst trading day in recent memory.Two hours into the trading day, shares of SAMP were off close to 16% with just Rs85mn worth of shares traded. The broader market indices were down […]
IMF reaches understanding at staff level to extend EFF for an additional year
Mar 01, 2019 (LBO) – A staff team from the International Monetary Fund (IMF) has reached an understanding at the staff level with the Sri Lankan authorities on the fifth review and the request to extend the Extended Fund Facility (EFF) arrangement for an additional year. Accordingly, the remaining disbursements will be evenly spread over this […]
Sri Lanka stocks wake up with net foreign buying
February 28, 2019 (LBO) – The Colombo Stock Exchange (CSE) awakened from its slumber with trading crossing the Rs2bn mark (US$11mn) after many days of dull trading. Stocks finished the day slightly up with trading activity across the board. Foreigners were significant net buyers with net foreign buying of Rs500mn on the day. Foreign buying of […]
‘s defeat of autocracy
February 28, 2018 (LBO) – Samantha Power, United States Ambassador to the United Nations under President Barak Obama, arrived in Sri Lanka to be the keynote speaker at an event felicitating Sri Lanka’s Finance Minister Mangala Samaraweera completing 30 years in politics. The event held at the BMICH was attended broadly by the Cabinet, Diplomatic […]
‘s Basel III sub debt final A(lka)
Feb 28, 2019 (LBO) – Fitch Ratings has assigned National Development Bank’s proposed Basel III-compliant subordinated debentures a final National Long-Term Rating of ‘A(lka)’. The notes, which total up to 6.5 billion rupees with maturities of five years, include a non-viability clause and qualify as regulatory Tier II capital for the bank. The bank plans to […]