Author: lbostgadmin
‘s residential and retail markets beyond 2019: JLL
Mar 26, 2018 (LBO) – Sri Lanka’s residential real estate sector, especially high end condominiums,faces over supply challenges, with the recent re-imposition of 15 percent VAT on condominium sales, denting sentiment while retail markets too demonstrate less sustainability, real estate consultancy Jones Lang La Salle (JLL) said. JLL recently announced the company’s predictions for Sri Lanka’s […]
Sampath Bank and Ustocktrade LK link to simplify investment in foreign securities
Mar 26, 2018 (LBO) – Sampath Bank PLC has entered into a Memorandum of Understanding (MoU) with Ustocktrade LK (Private) Ltd (ULPL) to enable investors pay conveniently when trading in securities listed on stock exchanges across the United States of America (USA) through the Ustocktrade app. Under this agreement, Sampath Bank Personal Foreign Currency (PFC) accountholders […]
‘s
Mar 26, 2018 (LBO) – Sri Lanka and Pakistan have pledged to move forward to achieving economic prosperity while further strengthening the long standing bilateral relations between the two nations. President Maithripala Sirisena who is on an official visit to Pakistan met with Pakistani President Mamnoon Hussain and both leaders agreed on this. The Heads of […]
Opinion: In defence of international values; Salisbury was a lawless attack
By Tom Burn (Acting High Commissioner, British High Commission Colombo) On a quiet Sunday in one of Britain’s most beautiful cathedral cities, a father and daughter were struck down by the first offensive use of a nerve agent in Europe since the Second World War. Sergei and Yulia Skripal are still lying stricken in hospital. […]
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka’s electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an accepted professional status for electricians in the country by issuing licenses from 1st of October 2018. The proposed mechanism plans to establish this status by accrediting the qualifications and experience of the electricians. Director General […]
Chemistry Guru in Sri Lanka for Int. Conference on Bio science 2018
The 3rd International Conference on Bio science and Biotechnology 2018 (Bio Tech 2018) has been organized by The International Institute of Knowledge Management that witnessed a participation of in excess of more than 75+ represented by Academicians, Researchers, Corporate Peoples and Policy makers from over 20 countries across the world. The workshop on “Medicinal Plants […]
IFC to loan USD 15Mn to Senkadagala Finance
Mar 23, 2018 (LBO) – Sri Lanka’s Senkadagala Finance will get loan of up to US15 million dollars from the International Finance Corporation (IFC), a statement said.“The signed agreement with IFC for the loan would be in Sri Lankan rupees,” the Finace Company said in a stock exchange filing, Thursday.The loan would focus on lending to […]
United National Front rallies round PM with confidence motion
Mar 23, 2018 (LBO) – Members of Parliament (MP) representing the United National Front (UNF) signed a motion supportive of Prime Minister Ranil Wickremesinghe, yesterday. The signed letter was handed over to the Leader of the House Lakshman Kiriella, who is due to hand it in to Speaker Karu Jayasuriya. The Joint Opposition on earlier this […]
Lanka Property Web introduces agent verification
LankaPropertyWeb.com, Sri Lanka’s number one property website has introduced an Agent Verification programme for estate agents and brokers. The programme would carry out a rigorous check on participating estate agents and brokers against 20 criteria. If the agent successfully “passes” the test, they would be awarded a “Verified Agent” certificate and would be listed as […]
Opinion: Economic reforms in Sri Lanka: Salvation or a recipe for inaction?
By Kithmina Hewage & Harini Weerasekera Economic reforms have become an urgent need for Sri Lanka, with successive governments since independence, resorting to short-term, politically expedient economic strategies that have placed considerable macroeconomic pressures whilst reducing Sri Lanka’s global competitiveness. Vision 2025, the current government’s short and medium-term policy direction, is aimed atsteeringthe economy towards […]
Sri Lanka inflation down to 3.2-pct in Feb 2018
Mar 22, 2018 (LBO) – Sri Lanka’s National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5.4 percent in January, on a year-on-year basis, official data shows. The reported inflation for the month of February 2018 was mainly due to comparatively higher price levels prevailed in February2017 and decline in food prices […]
President Maithripala Sirisena to visit Pakistan tomorrow
At the invitation of the President of Pakistan Mamnoon Hussain, President Maithripala Sirisena will undertake a three day official visit to Pakistan from 22 to 24 March 2018, to attend the National Day of Pakistan.President Sirisena will hold discussions with his Pakistani counterpart President Hussain, Prime Minister Shahid Khaqan Abbasi, and following talks, will attend […]