Author: lbostgadmin
CA Sri Lanka launches auditing standard for Non Specified Businesses; first in South Asia
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently launched the Sri Lanka Auditing Standard (SLAuS) for the Audits of Non – Specified Business Enterprises (Non-SBEs)”. Chief Guest at the launch, Minister of Industry and Commerce, Mr.Rishad Bathiudeen commended the Institute for making Sri Lanka the first country in South Asia to […]
Teplitz confirmed by the U.S. Senate as the next American Ambassador to Sri Lanka
September 7, 2018 (LBO) – Alaina Teplitz has been confirmed by the U.S. Senate as the next ambassador to Sri Lanka. Teplitz is a career foreign service officer who last served as the United States Ambassador to Nepal. She has been with the U.S. foreign service for almost 30 years and is an alumnus of […]
USAID partners with local banks to increase lending for small businesses
Sept 07, 2018 (LBO) – US Agency for International Development (USAID) has partnered with Sri Lankan banks to announce nine million US dollars worth financing program for micro, small and medium-sized enterprises (MSMEs). Hatton National Bank and Sampath Bank have already partnered with this seven-year program to address the current lack of financing to key […]
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September 7, 2018 (LBO) – After much buildup, all sides are trying to spin the results of the JO protests that shut down the city. The shutdown was more pre-emptive fear than actual obstruction caused by protestors. It is likely that preparations by the public to avoid Colombo reduced the chaos that the protest would […]
Sky One residencies launched in Colombo
Sep 07, 2018 (LBO) – Sky-One residencies to be constructed on a land area of approximately 143 perches and due completion in 2021 was launched in Colombo, Thursday. Developed by Sandal Colombo (Pvt) Limited, a fully owned subsidiary of ZhongTian Ding Hui (Pvt) Ltd (ZTDH), the developers of THE ONE, the tallest skyscraper in South […]
Sri Lanka stock bellwether JKH trades just Rs30,000 as market turnover dries up
September 6, 2018 (LBO) – The Colombo Stock Exchange had one of its slowest trading days in some time, the day after protests shut down the city. Although the protests were much less disruptive than feared, it still did not inspire people to come back to the stock market. The major indices finished flat, but […]
Asoka Sirisena re-elected President of Sri Lanka Insurance Institute
Sept 06, 2018 (LBO) – Asoka Sirisena,senior deputy general manager, technical of Ceylinco Life Insurance Limited was re-elected as the President for 2018/2019 at the recently held annual general meeting of the Sri Lanka Insurance Institute (SLII). Asoka is a proud product of Maliyadeva Boys College, Kurunegala and counts over 25 years in the Life […]
Fitch assigns Co-operative Insurance first-time BBB+(lka) rating
Fitch Ratings has assigned Sri Lanka-based Co-operative Insurance Company Limited (CICL) a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of ‘BBB+(lka)’. The Outlook is Stable. KEY RATING DRIVERS The rating reflects the non-life insurer’s modest domestic business profile, supported by its association with co-operative societies, good capitalisation and a somewhat conservative investment […]
Female founders introduce a solution to all parking problems at Disrupt Asia
Park and Pay was crowned the winner of Start-up battle at Disrupt Asia 2018, Sri Lanka’s Premier Start-up Conference and Innovation Festival, which took place on August 11, 2018 at the Trace – Expert City. The event, with participation of experts from different fields, promoted the innovation ecosystem which is a key pillar of Science, […]
”s ban remains in place
September 6, 2018 (LBO) – A five judge bench in India’s Supreme Court has struck down a colonial era ban of gay sex. There has been an explosive reaction to this landmark judgement on twitter, with some prominent politicians also chiming in: A summary of the legal situation in Sri Lanka is copied below from […]
President wants death penalty for those misuse public property, money
Sept 06, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says that even the death penalty should include in the laws against persons who misuse public property and public money.He made these remarks addressing the awards ceremony of the Parliamentary Committee Public Enterprises held at the premises of the Parliament, yesterday.He said that fulfilling the […]
Govt approves global Tourism Development Project; Awards contracts for digital advertising
Sept 06, 2018 (LBO) – Sri Lanka’s Cabinet of ministers have given the go ahead for a Global Level Tourism Development Project to promote tourism, a statement on approved cabinet decisions said. The proposal was put forward by Tourism Minister John Amaratunge. The Government also approved awarding contracts to carry out digital advertising programs to […]