Author: lbostgadmin
CA Sri Lanka joins Chartered Accountants Worldwide
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has become the eleventh member of international body Chartered Accountants Worldwide. CA Sri Lanka is the sixth Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013. As an Associate Member, CA Sri Lanka joins a […]
Sri Lankan rupee eases on importer dollar demand
Jan 24, 2017 (Reuters) – The Sri Lankan rupee eased on Tuesday as importer dollar demand outpaced mild greenback sales by exporters, while the market expects the downward pressure to continue until some steady foreign inflows come in, dealers said. Rupee forwards were active, with two-week forwards trading at 151.05/20 per dollar at 0615 GMT, […]
Sri Lanka returns to Spanish market after a decade
Sri Lanka made a significant impact at the 37th International Tourism Trade Fair (FITUR), in Madrid, Spain from 18th to 22nd January. This event, organized by IFEMA, brought together 9,672 tourism companies, institutions and bodies from 165 countries and regions making it the third largest tourism fair in Europe. Sri Lanka participated at this fair […]
USS Hopper visit signals growing bilateral cooperation with Sri Lanka
The USS Hopper (DDG 70) concluded its five-day port call to Colombo today as part of a visit to strengthen growing U. S.-Sri Lankan ties and express appreciation to the Sri Lankan Navy for its assistance during an emergency medical evacuation of a USS Hopper crewmember in September 2016. “Cooperation between our two countries’ naval […]
Sanjeev Gardiner Invests in Quintessentially Sri Lanka and Maldives
(PRESS RELEASE) – into Quintessentially Sri Lanka & The Maldives the world’s leading source of intelligence, access to and curated lifestyle services for the global premium audience. Quintessentially provides Colombo’s CEO’s, corporates, property moguls with access to more of what they love and get their invaluable time back. The dynamic and expert South East Asian team […]
Asiri Hospitals signs MoU with NITF for state sector employee healthcare packages
(PRESS RELEASE) – Beneficiaries of the National Insurance Trust Fund (NITF)’s healthcare services will now be eligible to seek treatment at any hospital under the Asiri Group of Hospitals following the recent signing of a memorandum of understanding (MoU) between the two organisations. As a result of the MoU, Asiri Group of Hospitals will now serve […]
Technology and know-how essential for development: Hausmann
Jan 24, 2016 (LBO) – The guest lecture in Colombo recently by Prof. Ricardo Hausmann highlighted the importance of technology and know-how in fostering economic development, Sri Lanka’s Board of Investment said releasing a statement. Hausmann of Harvard University’s Kennedy School of Government visited Sri Lanka to follow-up on a programme to build capacity among […]
Dollar falls further in Asia amid trade jitters
SYDNEY, Jan 24 (Reuters) – The dollar hit the skids in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fuelled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favoured safe-haven Treasuries and the Japanese yen while subduing stocks, particularly as Asian […]
European Investment Bank in EUR50mn Colombo water network expansion
Jan 24, 2016 (LBO) – The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital Colombo. “The new loan will help Colombo Municipal Council to achieve its goal of providing full sanitation coverage to benefit people living and working in the greater Colombo […]
Sri Lanka nation-wide inflation steady at 4.2 pct in December
Jan 23, 2017 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose at a steady pace of 4. 2 percent in December from the 4.1 percent reported a month ago, data from the state statistics office showed. The Department of Census and Statistics said the NCPI has been calculated as […]
Sri Lanka adds more investigation officers for price controls
Jan 23, 2017 (LBO) – Sri Lanka is enforcing new protection measures from 21st January to safeguard consumers from errant traders who violate price controls in the domestic market. Industry and Commerce Ministry said 62 new investigation officers were appointed bringing the total force to 250, island-wide, to safeguard 21 million consumers. Speaking at an […]
Bank of Ceylon becomes first bank in Sri Lanka to surpass Rs1 trillion advances
The Bank of Ceylon scored its third “Trillion” at the end of the year 2016. That is surpassing the Rs. One trillion mark in advances- another unique milestone in its 77-yearjourney as “the Bankers to the Nation” and becoming the first ,and up to now the only bank to pass this milestone in Sri Lanka. […]