Author: lbostgadmin
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) – Sri Lanka’s Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a statement said. President of CA Sri Lanka, Lasantha Wickremasinghe said that amidst increasing fraud and corruption, the institute has taken steps to ensure that public expectations are met with […]
Upper limit for Sri Lanka bank leasing to be imposed: Finance Minister
May 18, 2016 (LBO) – Several changes to Sri Lanka’s financial services will be enacted soon such as leasing services offered by banks, Finance Minister Ravi Karunanayake said, speaking at a forum in Colombo. A proposal in the budget that banks should stop leasing from June 1 will be modified, he said. “Finally, it is […]
Sri Lanka floods leave over 135,000 homeless
May 17, 2016 (LBO) – At least eight people were killed and over 207,000 people were affected due to adverse weather in Sri Lanka where more than 135,000 people have been driven out of their homes by floods, officials said Tuesday. Over 47,000 families were affected in the island with Western Province has been reported […]
Sri Lanka’s Hayleys to raise Rs2bn in listed debt
May 17, 2016 (LBO) – Diversified Hayleys Plc is planning to raise as much as 2 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange. The stock exchange said the company wanted to sell up to 20 million debentures at 100 rupees each. Capital Alliance Partners and People’s […]
Ceylon Chamber and A-PAD launch disaster relief campaign
May 17, 2016 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce and the National Platform of the Asia Pacific Alliance for Disaster Management (A-PAD) has launched an emergency relief campaign to help thousands of people affected due to prevailing bad weather. Accordingly, the Chamber appeals to its members and the business community to come forward […]
Australia and Sri Lanka cooperate to eradicate dengue
Dengue is a scourge that affects many countries in the tropics, Sri Lanka and Australia included. The Australian High Commission supported Sri Lanka’s National Dengue Control Unit (NDCU) in facilitating a workshop in Colombo on 16 May 2016 to tackle this serious problem. The workshop allowed the two countries to share their experiences and knowledge […]
Pakistan announces prestigious Jinnah Scholarships 2016 for Sri Lankan Youth
The High Commission of the Islamic Republic of Pakistan in Sri Lanka invites applications for award of Jinnah Scholarship from deserving Sri Lankan students pursuing their studies at O’ Levels and A Levels. The Government of Pakistan is awarding Jinnah Scholarships for Sri Lanka O/A level students for past 11 years through its High Commission […]
PTL Watch: Yields tick up on short to mid-term tenors
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Sri Lanka moving ahead with Panama Papers probe, says minister
May 17, 2016 (LBO) – Sri Lanka’s government is following up on the Panama Papers leaks and has requested for an official list from authorities in Panama, State Minister for National Policies and Economic Affairs Niroshan Perera said. “Central Bank Financial Intelligence Unit (FIU) has contacted authorities in Panama to obtain an official list,” Perera […]
Sri Lanka conducts tourism promotional event at ‘Stockholm Travel Show’
The Embassy of Sri Lanka in Stockholm conducted a tourism promotional event at the ‘Stockholm Travel Show’ at the Royal Djurgården, Stockholm held through May 13-15, 2016. This Travel Show was convened at this enchanting locality, adjacent to one of the iconic historical sites of Stockholm, the ‘Vasa Museum.’ Thus, the Travel Show enticed tourists […]
Crisis-hit Venezuela near collapse, says new oil deal with China
May 17, 2016 (LBO) – Venezuela says it has reached a deal with China to improve loan terms as falling oil prices have driven the oil-exporting country into economic crisis and collapsed its currency. Venezuelan Economy Vice-President Miguel Perez told Reuters that all conditions, including loan time frames, investment amounts and non-financial aspects, had been […]