Author: lbostgadmin
PTL Watch: Sri Lanka bond yields edge higher with auction
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BoardPAC chosen by Bangladesh’s City Bank to debut corporate governance solution
The award-winning Sri Lanka-developed corporate governance solution BoardPAC has been selected by The City Bank, a leading commercial bank in Bangladesh,as its paperless board meeting & corporate governance solution. The City Bank will be the first bank in Bangladesh to adopt a paperless board communications platform powered by RobiAxiata, a leading mobile phone company in […]
Advance Business Partner led ICT Gateway to link SL ICT firms with Norwegian counterparts – CCC
Under the Ceylon Chamber of Commerce and Advance Business Partner AS of Norway led Sri Lanka – Norway Matchmaking program, Sri Lankan ICT firms now have the opportunity to link up with the Norwegian counterparts to explore global opportunities. Under the latest ‘ICT Gateway’ project Norwegian firms are looking to outsource their work to overseas […]
Commercial Bank Q1 profit before tax up 28-pct to Rs 4.6bn
Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 5.377 billion for the three months ending 31st March 2016, commencing the year with a robust 27.89% growth, made possible by notable improvements in business volumes and reduced growth in charges. Sri Lanka’s largest private bank’s profit before tax for the […]
Sri Lanka’s Dialog Axiata net up 35-pct in March quarter
May 12, 2016 (LBO) – Profit after tax at Sri Lanka’s Dialog Axiata group, which has interests in mobile, fixed and pay television rose 35 percent to 2.6 billion rupees from a year earlier in the March quarter, interim accounts showed. Revenues grew 22 percent to 21.1 billion rupees in the quarter from a year […]
Fashion Bug career guidance programme to benefit 100,000 students
Fashion Bug, one of Sri Lanka’s leading retail clothing chains with over 16 outlets island wide, who launched their CSR programme, Career Guidance, under it’s Educational CSR platform ‘Sisu Dirimaga’; have now completed 28 schools with 11500 students having benefitted. “We launched this programme with the intention of helping school leavers who need guidance regarding […]
ICC withdraws disciplinary proceedings against Kusal Janith Perera
May 12, 2016 (LBO) – The International Cricket Council (ICC) has announced that it has withdrawn disciplinary charges against Sri Lanka batsman Kusal Janith Perera and lifted the provisional suspension previously imposed on him. Perera is now free to return to domestic and international cricket without restriction and with immediate effect. The ICC has made the […]
Ex-Sampath Bankers Club launches web & social media accounts
Ex Sampath Bankers Club which was inaugurated in January this year took another step forward by launching its website, and its Facebook, Twitter, Linkedin and YouTube accounts, at a simple ceremony held recently at the BRC Lounge in the presence of Ms. Hiranthi de Silva, the President, the members of the Council and some members […]
Regulator asks Goldman, three other banks for information on shell companies
May 12, 2016 (LBO) – A top U.S. regulator has asked Goldman Sachs and three foreign banks about their possible involvement with shell companies, sources say. The New York Department of Financial Services had requested information from 13 other banks last month after the release of the Panama Papers, a CNBC report said. The DFS […]
China to help upgrade Sri Lankan hospitals, Japanese assistance for coast guard
May 12, 2016 (LBO) – Sri Lanka’s Cabinet has approved to use funds granted China amounting 85 million US dollars to develop the healthcare sector. “The scope of the project is to purchase essential equipment and to construct buildings in selected hospitals including provincial hospitals,” a statement on cabinet approvals said. The .proposal was made […]
Joint Opposition MP imports first tax-free vehicle for this year
May 11, 2016 (LBO) – A Parliamentarian aligned with the joint opposition has imported a brand new Range Rover under the tax-free vehicle scheme of the Parliament, further widening the burden to taxpayers. The former Minister who usually shouts against the policies of this government is the first Parliamentarian who has cleared the vehicle from […]
Sri Lanka to reform Bankruptcy laws
May 11, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve amending the Companies Act No. 7 of 2007 for introduction of new laws in institutional bankruptcy that suit present day needs. “It has been witnessed that provisions of the Insolvency Ordinance No 24 of 1884 are not sufficient in dealing with issues related […]