Author: lbostgadmin
CSE & National Stock Exchange of India sign MoU to advance collaboration
The Colombo Stock Exchange (CSE) and the National Stock Exchange of India Limited (NSE) have signed a memorandum of understanding (MoU) focused on exploring opportunities to work together and co-operate with each other to foster a deeper and more strategic relationship. The MoU was signed at the CSE today by CSE Chairman Mr. Ray Abeywardena […]
Sri Lanka targets pharmaceuticals self-sufficiency with new zone
Apr 03, 2018 (LBO) – Efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry is set to boost output, Oxford Business Group (OBG) said in its recent Sri Lanka economic update. OBG said latest measures will also broaden the sector’s product range, bringing the country closer to the government’s goal of self-sufficiency […]
New IR act most progressive in SA, Will bring in extra Rs.60Bn in revenue
Apr 03, 2018 (LBO) – Sri Lanka’s Finance ministry says the government expects to earn a an additional revenue of 60 billion rupees each year through the new Inland Revenue Act (IRA). “This year, we expect the government to rake in 30 billion rupees,” S.R. Attygalle, deputy secretary of the Finance and Mass Media Ministry said. […]
SriLankan Airlines gets new board and chairman
Apr 02, 2018 (LBO) – A new board of directors has been appointed to SriLankan Airlines with Ranjith Fernando as the Chairman. Other Board members include Mano Thittawella, Susantha Katugampala, Dr. Roshan Perera and Air Marshal Kapila Jayampathy. The Government has appointed a Ministerial Subcommittee under Prime Minister Ranil Wickremesinghe and a top-level official committee headed by Treasury Secretary […]
Ceylon Dollar Bond Fund opens its doors to local investors
Ceylon Dollar Bond Fund (CDBF) investing in Sri Lanka Development Bonds (SLDBs), Dollar Sovereign and Bank Bonds, is now eligible to accept investments from any local individual or company. All Personal Foreign Currency Account (PFCA) holders (formerly NRFC, RFC, RNNFC, SFIDA etc.) or Business Foreign Currency Account (BFCA) holders (formerly FEEA, Exporter’s Foreign Currency Accounts […]
Sri Lanka seeks New Zealand expertise in tourism
Apr 02, 2018 (LBO) – Sri Lanka has sought expertise from New Zealand in developing the country’s adventure tourism segment and improving high end hospitality training. The request for expertise was made by Tourism Development Minister John Amaratunga during his keynote address at the inauguration of the 4th New Zealand Trade Mission Meeting which commenced […]
JO MP Balasuriya critical of active liability management bill
April 02, 2018 (LBO) – In a recent speech in Parliament, JO MP Tharaka Balasuriya highlighted some problematic technicalities in the Active Liability Management Bill. The bill has encountered some controversy, with the Supreme Court finally having to weigh in through a verdict confirming that the bill is in fact constitutional. Balasuriya highlighted that this […]
US–China trade war escalates as China imposes tariffs on US goods
Apr 02, 2018 (LBO) – China has suspended tariff concessions on 128 items of U.S. products including pork and fruits starting Monday, Country’s Finance Ministry said. China’s Finance Ministry said in a statement that the measure was taken in order to safeguard China’s interests and balance the losses caused by the United States. “China’s advocacy […]
Sri Lanka post ushers money orders into the digital age with Sampath Bank
Apr 02, 2018 (LBO) – Sri Lanka’s Department of Post with Sampath Bank unveiled e-Pay Mobile Cash, a service that leverages the wide spread network of post offices, sub-post offices and Sampath Bank ATMs around the island to enable real time money transfers in a secure and convenient manner.“With 4,610 post offices and sub-post offices […]
Invest more in people, or risk extinction: Oracle’s Dalal tells SLASSCOM Summit
Apr 02, 2018 (LBO) – No matter how successful companies are today, they may risk extinction if they fail to invest in their employees and won’t transform with changing times, Head of HCM Cloud Applications (Asia Pacific) at Oracle Corporation, Yazad Dalal recently warned companies and business leaders. He advised companies to invest in the […]
Digital Innovation Fund selects first phase of investments into startups
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has selected new media platform, Roar, insurance broker, InsureMe and integrated healthcare platform MyDoctor.lk as its first phase of investments. The Digital Innovation Fund managed by BOV Capital, marks a definitive shift to foster startups and build further on the business capabilities of digital technology and talent […]
Reauthorized US GSP active for Sri Lanka from April 22
Mar 30, 2018 (LBO) – The reauthorized US GSP shall become active for Lankan exporters from this April, according to Sri Lanka’s Minister of Industry and Commerce.US has been the leading buyer of Lankan exports over the years and it continued its lead even last year. Sri Lankan exports to United States is now almost […]