Author: lbostgadmin
PTL Watch: Yields tick higher to three-week high
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CSE Chairman Chairs 4th SAFE Executive Committee Board Meeting in Mumbai
Mr. Vajira Kulatilaka, the Chairman of the Colombo Stock Exchange (CSE), in his capacity as the Chairman of the South Asian Federation of Exchanges (SAFE) recently chaired the 4thSAFE Executive Committee Board Meeting and Ideas Workshop held in Mumbai. Leaders representing capital markets across South Asia were present at the event to discuss the vision […]
Sri Lanka’s SEC blocks share transaction of Blue Diamonds
May 13, 2016 (LBO) – Sri Lanka’s securities regulator on Friday blocked a share transaction related to the chairman of Blue Diamonds Jewellery Worldwide following a possible violation of laws. As per the statement issued by the Securities and Exchange Commission (SEC), earlier this week Xia Liqiang, the Chairman of Blue Diamonds has disposed 15,146,200 […]
Sri Lanka seeks foreign assistance to trace stolen assets: President
May 13, 2016 (LBO) – Sri Lanka’s government is currently in the process of seeking information and assistance from foreign countries to trace stolen assets, President Maithripala Sirisena said addressing the Anti-Corruption Summit in London. President Sirisena appreciated the support and cooperation extended to Sri Lanka by several countries including UK, USA, India and Switzerland […]
Turkish biz delegation expresses interest to invest in Sri Lanka
A Turkish business delegation led by H.E..Tunca Ozcuhadar, Ambassador of Turkey in Sri Lanka met the Board of Investment of Sri Lanka on 09th of May 2016 at the head Office of BOI. Senior officials from the BOI, Embassy officials and the Turkish delegation participated at this meeting. The Turkish visiting delegation comprised of different […]
Is request for emergency power a scam? Consumer group asks
May 13, 2016 (LBO) – The National Consumer Network of Sri Lanka (NCNSL) says it is reasonable to suspect the motives behind the need for emergency power in the power sector. “These days, the CEB is trying by various means to obtain 155MW of electricity from new diesel power plants under the pretext that the […]
Equity crowdfunding soon for average investors in US
May 13, 2016 (LBO) – This month the U.S. Securities and Exchange Commission will begin implementing equity crowdfunding for the average investor. This will allow small companies to directly raise debt or equity capital from friends, family, and interested investors. It’s the final piece of landmark legislation called the Jumpstart Our Business Startups Act, popularly […]
Governor replies to article by anonymous writer
May 13, 2016 (LBO) – In response to an article published in a media outlet written by an anonymous writer titled ‘What is expected of Central Bank Governor?’ Central Bank Governor Arjuna Mahendran has replied that there were factual inaccuracies in the article. “The writer has sought to compare my conduct with that of a […]
British PM & Foreign Secretary called on Sri Lanka’s President
British PM David Cameron and Foreign Secretary of UK Philip Hammond called on President on the sidelines of the Anti Corruption Summit…
ODEL joins Burger King at spacious new location in Wattala
The bustling suburb of Wattala was granted bragging rights to a new dimension in fashion and lifestyle retail when ODEL and Burger King came together at one spacious location to offer residents and passers-through better access to some of the global brands represented by the Softlogic Group. The relocation today of the ODEL store […]
‘s GSP+ application
May 12, 2016 (LBO) – Sri Lanka’s government and the EU said the island’s GSP application was discussed at the EU-Sri Lanka Working Group on Trade and Economic Cooperation which met on 11 May 2016 in Brussels. The meeting was co-chaired by Sonali Wijeratne, Director General of Commerce, for Sri Lanka and Peter Berz, Head […]
Colombo suburban railway electrification project to cost USD300mn
May 12, 2016 (LBO) – Colombo suburban railway electrification project phase one which initially focuses on 64 kilometers along Veyangoda – Panadura section will cost 300 million US dollars to implement. Energy consultant Dr. Tilak Siyambalapitiya speaking at a seminar said the project will support the modernization of the railway network in the Western Province […]