Author: lbostgadmin
MasterCard, NDB to offer purchase control solutions to minimize fraud
Oct 14, 2015 (LBO) – Sri Lanka’s National Development Bank and MasterCard said that they will bring the MasterCard Purchase Control solution to Sri Lanka, which combines an integrated pre-approval process with secure virtual account numbers to deliver enhanced global controls and increased transaction security thereby reducing their exposure to fraud and employee misuse. “As Sri Lankan enterprises […]
World Bank says youth unemployment needs urgent global action
Oct 14, 2015 (LBO) – World Bank says reversing the youth employment crisis is a pressing global priority and the socio-economic cost of inaction is high. “Young people account for 40 percent of the world’s population – the largest youth generation in human history – but they are disproportionately affected by unemployment. This is a […]
” rating: Fitch
Oct 14, 2015 (LBO) – Fitch Ratings Lanka has assigned Sri Lanka’s Bimputh Finance plc with a national long-term rating of ‘BB(lka)’ and a stable outlook. The full statement follows: Fitch Assigns ‘BB(lka)’ Rating to Bimputh Finance; Outlook Stable Fitch Ratings Lanka has assigned Sri Lanka-based Bimputh Finance PLC (Bimputh) a National Long-Term Rating of […]
Singapore eases monetary policy with currency to appreciate slower
Oct 14, 2015 (LBO) – The Monetary Authority of Singapore will ease its policy stance for the second time this year and slow the appreciation of the Singapore dollar, it said on Wednesday. Singapore’s monetary authority targets the exchange rate, based on the NEER (Nominal Effective Exchange Rate), rather than key interest rates to determine […]
”
The Ceylon Chamber of Commerce, the 176 year old premier business chamber of the country has appointed Mr. Anushka Wijesinha as its new ‘Chief Economist,’ to spearhead the institution’s ‘Economic Intelligence Unit’. Wijesinha, an economist with a track record of research published in national and international publications, worked at the Institute of Policy Studies as […]
Sri Lanka stocks close down 0.3-pct: Budget concerns
Oct 13, 2015 (LBO) – Sri Lankan stocks closed down on Tuesday with losses seen in some index heavy and telecom sector stocks with investors concerned about the budget, brokers said. The Colombo benchmark All Share Price Index closed down 21.55 points at 7,078.45, down 0.30 percent. S&P SL20 closed 5.01 points lower at 3,811.21 lower […]
Capital Alliance Finance to raise Rs116mn through rights issue
Oct 13, 2015 (LBO) – Sri Lanka’s finance firm, Capital Alliance Finance is to raise 116 million rupees by way of a rights issue, the company said in a stock exchange filing.Subject to the necessary approvals, the company is to issue 7.75 million shares at 15 rupees each in the ratio of one for every […]
Sri Lanka to set up national level Trade Union Advisory Committee
Oct 13, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has given his consent to appoint a national level Trade Union Advisory Committee under his supervision. The committee will be headed by the secretary to the President and the relevant ministers, President’s Media said. The President has given his consent during a meeting with the […]
Asian Paints breaks new ground in Sri Lanka with Masterstrokes
Oct 13, 2015 (LBO) – A unique multi-dimensional loyalty programme that will contribute significantly to the empowerment of local painting technicians has been launched in Sri Lanka by Asian Paints, the multinational coatings giant that operates in 18 countries. More than 1,100 professional building painters from the Western and Southern Provinces of the country were registered and enrolled into […]
PTL Watch: Bond yields drop with correction on yield curve
[pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/10/Copy-of-13th-October-2015.pdf%22]
US underwater demining assistance improves safety
The U.S. Navy recently concluded a two-week training session in Trincomalee to equip and support Sri Lanka’s underwater demining efforts.Working with scan sonars and robots donated by the U.S. Navy, the Sri Lankan Navy enhanced its ability to search, locate, and provide information on any unknown items underwater, including unexploded ordnance from the conflict in […]
Candor to list 5-year unit trust on CSE, makes public offer
Oct 13, 2015 (LBO) – Candor Opportunities Fund, managed by Candor Asset Management, has been approved to list on the Colombo Stock Exchange with a public offering of 75 million units at 10 rupees per unit, the fund manager said. The issue will offer 50 million units at 10 rupees per unit, with an option […]