Author: lbostgadmin
Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) – In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Insurance Regulatory Commission of Sri Lanka (IRCSL) on August 01, 2018 at the Central Bank of Sri […]
Sri Lanka official reserves at USD9.3Bn : Rupee depreciated by 5.0-pct by Aug 2018
Aug 28, 2018 (LBO) – The Central Bank of Sri Lanka said reflecting developments in the domestic and global foreign exchange markets, the Sri Lankan rupee depreciated by 5.0 percent during the year up to 27 August 2018 against the US dollar. Furthermore, reflecting cross currency movements, the Sri Lankan rupee depreciated against the euro, […]
Japanese Defense Minister commends recent progress of Colombo Port
Aug 27, 2018 (LBO) – Japanese Defense Minister Itsunori Onodera has commended the progress acquired by the Port of Colombo during the recent past, Sri Lanka Ports Authority said.Defense Minister Onodera recently paid a historic visit to the Port of Colombo marking a landmark in the maritime history of Sri Lanka. During the visit, the […]
SAKS analytics introduces disruptive innovation to Sri Lanka, partners with AntWorks
Aug 27, 2018 (LBO) – As regional businesses continue to make incremental progress in their augmentation of technology into operational and strategic business processes, a subsidiary of one of Sri Lanka’s largest and oldest conglomerates, SAKS Analytics, announced a breakthrough partnership with global artificial intelligence (AI) and intelligent automation company, AntWorks, in a bid to introduce […]
STAX presents research on investment and FTA potential at SL-Singapore business council
Aug 27, 2018 (LBO) – Local research consultancy, STAX presented an overall view of key challenges in investment, potential opportunities for investment and growth, and the significance of the Sri Lanka Singapore free trade agreement, recently. Drawing on STAX’s extensive research capabilities and experience operating in the Singaporean market, Manager Firaz Markar presented an overall […]
Data science enthusiasts explore emerging trends at Colombo big data meetup
Aug 27, 2018 (LBO) – Industry professionals, big data enthusiasts, academics and students congregated at the latest edition of the Colombo Big Data Meetup held recently at the Virtusa auditorium. Powered by Virtusa, the interactive sessions apprised participants of the latest developments in Big Data tools and technologies. Selvendra Selvarajah, Associate Architect at Virtusa and […]
Former US presidential candidate, Senator John McCain dies at 81
Aug 26, 2018 (LBO) – United States senator and former presidential candidate John McCain died Saturday after losing a battle to brain cancer, at the age of 81. In July 2017, McCain was diagnosed with glioblastoma, an aggressive form of brain cancer. One year of treatment failed to prevent his condition from worsening and on […]
‘s novice geopolitical commentary advances conspiracy theories
August 25, 2018 (LBO) – Controversial former SEC Chairman and corporate executive Nalaka Godahewa has released a youtube video with his commentary on the recent visit of the Japanese Defence Minister and its geopolitical implications.In it he puts forward theories of geopolitical posturing by countries such as the United States, Japan, India and China with […]
Foreign investor bond exodus nears $ 300mn; Colombo stocks close week near multiyear lows
August 25, 2018 (LBO) – The Colombo Stock Exchange ended the week near unchanged as indices approach key technical levels. The All Share Price Index (ASPI) finished near unchanged for the week 6052, while the S&P SL 20 closed near unchanged at 3212. Brokers indicate that the 6000 level on the ASPI is being closely […]
US warship arrived in Trinco, location to be tested for air logistics hub concept
Aug 24, 2018 (LBO) – Amphibious transport dock USS Anchorage (LPD 23), with the embarked 13th Marine Expeditionary Unit (MEU) arrived in Trincomalee, Sri Lanka, for a scheduled port visit on Friday. An amphibious transport dock also called a landing platform/dock (LPD), is an amphibious warfare ship, a warship that embarks, transports, and lands elements of […]
Australian PM Malcolm Turnbull ousted, Scott Morrison to replace him
Aug 24, 2018 (LBO) – Former treasurer Scott Morrison is to become Australia’s sixth Prime Minister in 11 years, prolonging an era of extraordinary political instability. Morrison, a socially conservative architect of Australia’s hardline anti-asylum seeker policies and an ally of deposed leader Turnbull, elected as the new PM after winning a three-way battle for […]
Moody’s expects Brent spot price to average around USD72 per barrel in 2018
Aug 23, 2018 (LBO) – Moody’s Investors Service expects crude oil price to remain elevated in the near term but to moderate over the medium term. Releasing the Global Macro Outlook for 2018-19 August update, Moody’s Investors Service said they expect that the Brent spot price will average around 72 US dollars per barrel in […]