Author: lbostgadmin
Opinion: Peopleizing governance – Acute need of the hour
Return to the roots of Democracy – Athens & Sparta … By Chrishmal Warnasuriya Proposed Constitutional Reforms – “Grama Raajya”: So, almost 70 years on since our independence we are now discussing the need to return sovereign power back to the grassroots, thus it has taken us all this time to realize that bit-by-bit, the […]
APTA countries agree to widening tariff concessions by mid 2017
Jan 17, 2017 (LBO) – Sri Lanka along with other members of Asia Pacific Trade Agreement (APTA) last week agreed to sign the protocol to conclude the 4th round of concessions which are to be implemented by 1st July 2017. The 4th round of tariff concessions has widened the coverage of preferences of total tariff […]
Ceylon Chamber seminar to analyze economic outlook for 2017
The Ceylon Chamber of Commerce will line up four well-known economists along with an international relations specialist to discuss the economic outlook and its implication for business during the year 2017, with a special session on the implications of new US President Trump on the global economy and Sri Lanka. Dr. Dushni Weerakoon, Deputy Director […]
Budget 2017 – The Good, the Bad, &| DB2016 S2K1
Budget 2017 – The Good, the Bad, & the Ugly Deshal de Mel | Senior Economist | Hayleys Group
‘ dollar sales
Jan 17, 2017 (Reuters) – The Sri Lankan rupee traded marginally higher on Tuesday in light volume as foreign banks sold dollars, but the market expects the currency to weaken after the central bank allowed flexibility in the exchange rate, dealers said. The rupee has been under pressure due to rising imports and net selling […]
Sri Lanka’s first 7-star apartment complex to start construction
Jan 17, 2017 (LBO) – Sri Lanka’s first seven-star luxury apartment complex, Achilleion, is set to commence construction work this week, its developers said. Achilleion is undertaken by Blue Mountain Apartments which is part of the Blue Mountain Group. Located on Station Road, Colombo 04, this apartment complex comprises of two 50-storied skyscrapers, connected by […]
VirtusaPolaris recognized for emerging blockchain services in BFSI
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announced that the company has been recognized by analyst firm HfS Research in its Blueprint Report for its emerging blockchain services in Banking, Financial Services and Insurance (BFSI). VirtusaPolaris […]
IMF estimates global growth uptick in 2017-2018
Jan 17, 2017 (LBO) – The International Monetary Fund has estimated global growth of 3.1 percent in 2016, which is projected to increase to 3.4 percent in 2017 and 3.6 percent in 2018, the latest World Economic Outlook report said. Although the 2017-2018 estimates remain unchanged from their October forecast, the outlook for advanced economies […]
‘s speech on Brexit stance
TOKYO, Jan 17 (Reuters) – Asian stocks and the pound sagged on Tuesday as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union, which traders fear will see Britain lose access to the bloc’s single market. Britain will not seek a Brexit deal that leaves it […]
Coca-Cola eyes Sri Lanka for production facility: Fin Min
Jan 17, 2017 (LBO) – International beverage company Coca-Cola has expressed their interest in setting up a production hub in Sri Lanka, the Finance Ministry said in a statement. President of Coca-Cola Asia Pacific John Murphy and Executive Vice President Irial Finan met Finance Minister Ravi Karunanayake and discussed the opportunity of producing some of the Coca-Cola […]
Sri Lankan shares end lower on rising rates
Jan 16, 2017 (Reuters) – Sri Lankan stocks closed lower on Monday as investors sold financials after rising yields in short-term government securities hit sentiment, brokers said. The Colombo stock index ended 0.26 percent weaker at 6,201.65, slipping from its highest close since Dec. 30 hit on Friday. Shares gained on Friday after the European […]
‘s JKH files patent on energy storage nanomaterial
Jan 16, 2017 (LBO) – Sri Lanka’s John Keells Holdings plc filed its first patent jointly with the Council for Scientific and Industrial Research (CSIR) India, in the area of energy storage materials, the company said in a statement. The patent application filed at an Indian patent office in December 2016 is related to a […]