Author: lbostgadmin
South Asian market should integrate to tap global growth: SEC Chief
Apr 27, 2015 (LBO) – South Asian regional markets need to interact with each other in order to tap in to global economic growth, Chief of the Securities Exchange Commission said. “There is a systematic surge in the region towards a greater degree of economic integration in the real sector through bilateral and multilateral trade […]
Sri Lanka stocks close flat
Apr 27, 2015 (LBO) – Sri Lanka’s stocks closed lower, 0.07 per cent with activity seen in the finance sector stocks and a net foreign inflow, brokers said. The Colombo benchmark All Share Price Index closed 04.66 points lower at 7,125.12 down 0.07 per cent. The S&P SL20 closed 0.82 points lower at 4,022.44 down […]
Sri Lanka’s new rulers look at “game theory” to pass 19th & 20th amendment: Harsha de Silva
Apr 27, 2015 (LBO) – Sri Lanka’s new administration said, it has to use the theory of games, a study of strategic decision making to pass the 19th and 20th amendments to the constitution.Game theory is a strategic decision making process that is mainly used in economics, political science and psychology as well as logic, […]
Sri Lanka’s 19th amendment debate in progress; protest backing 19A
Apr 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena making a special statement in the parliament on Monday opened the debate of much awaited 19th amendment to the constitution.“I don’t think there were any state heads that acted with such flexibility to remove these powers and I expect all of you to vote for […]
Sri Lanka’s FTA with India; an opportunity not a threat: Ceylon Chamber of Commerce
Apr 27, 2015 (LBO) – Sri Lanka’s free trade agreement with India should be extended to services and investment deepening the existing FTA on the trade in goods, the Ceylon Chamber of Commerce said. “There is a strong case for giving high priority to building upon the existing Indo Sri Lanka FTA; completing the FTA […]
” rescue mission begins
Apr 26, 2015 (LBO) – India has begun its efforts to rescue people trapped in Nepal where a massive earthquake of 7.9 magnitude left over 1,900 people died. It is also reported that tremors measuring 5.5 on Richter Scale has hit Nepal again on Sunday morning though no loss of life or destruction has so […]
62nd LBR LBO CEO Forum – “Asia Rising: Emerging Opportunities for Sri Lankan Business” – 20th May 2015
Topic: Asia Rising: Emerging Opportunities for Sri Lankan Business Date/Time: Wednesday 20th May 2015 | 1800 – 2100 Hrs Speaker: Professor Razeen Sally Moderator: Anushka Wijesinha | Consultant Economist Panelists: Rohan Fernando | Chairman | HVA Foods PLC Imal Fonseka | CEO | Ceylon Biscuits Limited Ranil Pathirana | Group Finance Director | Hirdaramani Group Venue: Institute of Chartered Accountants Host: Lakshaman […]
Sri Lanka tax revenue up 24-pct in first quarter 2015: Finance Minister
Apr 25, 2015 (LBO) – Sri Lanka’s tax revenue has increased 23.8 percent in the first three months of this year against the same period last year, Finance Minister Ravi Karunanayake said. “The Inland Revenue Department has performed a significant task to increase the tax income.The people are convinced today that tax money does not […]
Sri Lanka raises import duties of potatoes and onions to protect local farmers
Apr 25, 2015 (LBO) – Sri Lanka’s import duties on potatoes and big onions have been increased, the Finance Ministry said in a statement. The import duty of one kilogram of potatoes has been increased from 40 rupees to 55 rupees while the import duty of big onions has been increased from 10 rupees to […]
Sri Lanka Tourism Promotions Bureau spent over Rs300mn for Uva election campaign
Apr 25, 2015 (LBO) – Sri Lanka’s Tourism Promotions Bureau has spent over 300 million rupees for the Uva election campaign, Tourism and Sports minister Navin Dissanayake said. Dissanayake was speaking at an event held at temple trees on Friday to handover the investigation report on Tourism and Sports ministries to Prime Minister Ranil Wickremesinghe. […]
Sri Lanka stocks close higher at 0.3-pct
Apr 24, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.33 per cent with the banking and finance sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 15.39 points higher at 7,129.78, up 0.33 per cent. The S&P SL20 closed 03.06 points lower at 4,023.26, down 0.08 per cent. “The […]
Sri Lanka’s tourism sector profits should trickle down to people: Minister
Apr 24, 2015 (LBO) – Sri Lanka’s Tourism Minister told LBO that the profits from Island’s tourism sector should go to the hands of the common people.Tourism Industry is highly depend on manpower which requires skilled and unskilled labour. “Looking into the future, tourism is a sector that is developing at a rapid pace and […]