Author: lbostgadmin
Buoyant property market witnessed at the Lanka Property Show 2018
Colombo : The 2018 edition of the Lanka Property Show was concluded successfully, drawing praise from both exhibitors and visitors. The event, which was organised by Sri Lanka’s leading property website LankaPropertyWeb.com, is the largest property show in the country and was held on the 16th and 17th of February at the Kingsbury Hotel. The […]
‘s 3rd phase
Feb 21, 2018 (LBO) – The Government has given the go ahead to award the contract for construction of 3rd phase of Central Expressway to M/S Taisei Corporation of Japan. “Tokyo Mitsubishi Bank of Japan has agreed to provide funds of Japanese Yen 100 billion and it was decided to award the contract to M/S Taisei […]
National Government continues: PM, UPFA General Secretary
Feb 21, 2018 (LBO) – Prime Minister told Parliament Wednesday that the national government will continue according to the constitution of the country. Premier Ranil Wickremesinghe said that the agreement on the national government is still valid as per the law and there is no need to amend it. Wickremesinghe said he is working according […]
Frontier Research outlines salient features of new Forex Act
Feb 21, 2018 (LBO) – Sri Lanka’s new Foreign Exchange Act came into effect last year after the Parliament passed it with amendments. The new law removed criminalisation of violations of the exchange control act and associated prison sentences. New Act covers matters including classes of capital transactions, opening and maintenance of accounts, permitted investments […]
Ariyana Resort Apartments launched by Home Lands Skyline
Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s – ARIYANA Resort Apartments – one of its kind of project, which has already changed the concept of apartment living. For the first time in Sri Lanka, with ARIYANA Resort Apartments, Home Lands Skyline […]
Sri Lanka President promises new Economic programme
Feb 21, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena said a new economic programme of the government will be finalized by the National Economic Council (NEC) by next week. Chairing a meeting at the Presidential secretariat the President held detailed discussions on the rapid changes required in the country, Tuesday. He said that short term […]
Sri Lankan start-ups pitch for MTI’s idea2fund venture challenge platform
The 3rd wave of MTI’s ‘idea2fund’ successfully completed the second round’s concept presentations on the 17th of February at the Hilton Colombo. ‘idea2fund’ is a venture challenge platform powered by MTI Corporate Finance for aspiring entrepreneurs to pitch venture ideas, connect with potential investors and receive consulting advisory & implementation support through MTI Consulting. 17 […]
Sri Lanka receives South Asia Procurement Innovation Award
Sri Lanka has received the South Asia Procurement Innovation Award 2017- 2018 at the Fifth South Asia Region Public Procurement Conference held from February 5 – 8, 2018 in New Delhi. A case story on the path breaking reform submitted by the Department of Public Finance of the Ministry of Finance and Mass Media was […]
DFCC Bank profit after tax up 34-pct in 2017 amid tight margins
DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation. Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31 December 2017 with a profit before tax of LKR […]
‘s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) – The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday. Through this new bill Sri Lanka’s public debt sustainability is to be managed at a national level. To avoid any possible risk, appropriate reform methods are to be followed. Following […]
Seylan Group’s PAT tops Rs.5Bn
(PRESS RELEASE) – Seylan group reported a resilient performance by recording a Profit after tax of Rs.5,004 Million for the year ended 31st December 2017, which is the highest profit reported in its history. Seylan Bank also continued its growth momentum by achieving a profit after tax of Rs. 4,430 Million during the period under review. […]
‘s CBC Myanmar Microfinance gets license to operate in Myanmar
Feb 20, 2018 (LBO) – Sri Lanka’s Commercial Bank subsidiary CBC Myanmar Microfinance Co., Ltd, has obtained the operation license from the Myanmar Micro-finance Supervisory Enterprise to operate in the Republic of the Union of Myanmar.“This would be as a non-saving deposit organisation,” The Bank said in a stock exchange filling. Commercial Bank has had […]