Author: lbostgadmin
Sri Lanka removes casino entrance fee, but taxes tightened
Nov 27, 2015 (LBO) – Sri Lanka is to remove the casino entrance fee imposed in the last budget and plans to increase the annual levy imposed on the business of gaming, other than rujino, to 400 million rupees. “I also propose to amend the Finance Act to make directors and shareholders personally liable for […]
Sri Lanka stocks close lower 0.04-pct: Continued loses in JKH and banks
Nov 27, 2015 (LBO) – Sri Lankan stocks closed down at 0.04 percent on Friday with losses in John Keells Holdings and some banks, brokers said. The Colombo benchmark All Share Price Index closed down 2.59 points at 6,960.78 down 0.04 percent. S&P SL20 closed 6.31 points lower at 3,698.69 down 0.71 percent. Turnover was […]
PTL Watch: Bonds within 15 years actively taken
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Commercial Bank hosts capacity building programme for Eastern dairy farmers
A capacity building programme conducted by the Commercial Bank of Ceylon recently for dairy farmers of the Kokkadicholai area in the Eastern Province benefitted 150 people involved in the industry. Jointly organised by the Bank’s Agriculture and Micro Finance Unit (AMFU) in Kattankudy, its Regional office – Eastern and the Kattankudy branch, the programme was conducted with […]
Intercompany employees union opposes funding VCs through EPF, ETF
Nov 27, 2015 (LBO) – Sri Lanka’s Inter-company Employees Union on Thursday opposed a budget proposal to create a venture capital structure using EPF and ETF funds. 2016 budget proposed a venture capital approach for providing equity financing facilities to SMEs through the establishment of a fund termed by Finance Minister as a “Fund of […]
Colombo International Financial Centre requires right talent: experts
Nov 27, 2015 (LBO) – Sri Lanka’s plans to set up an international financial district bodes well for financial sector development and should be set up with the right talent in place, experts said. “We have talked about this for many years, but this is a budget where we have heard for the first time […]
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SAMPATH BANK PLC emerged as the winner of the ‘Best Corporate Citizen Sustainability Award 2015’, an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize the sustainable champions of the local corporate world.Singer Sri Lanka PLC and National Development Bank PLC was awarded as the 1st and the […]
Redress to families of deceased migrant workers
The families of the deceased migrant workers in the Middle East and Russia received compensation on 26thNovember 2015 at an event organized by the Ministry of Foreign Affairs. Thirty four such families received Sri Lankan Rupees 50 million from Hon.Dr. Harsha de Silva, Actg. Minister of Foreign Affairs. This is the third such event organized […]
Sunil Handunnetti elected as new COPE Chairman
Nov 26, 2015 (LBO) – Parliamentarian Sunil Handunnetti has been elected as the new Chairman of the Committee on Public Enterprises (COPE), the Marxist JVP said in a statement. Minister Rauff Hakeem has proposed Handunnetti’s name while Minister Ajith P. Perera has seconded it. Meanwhile Deputy Minister of Western Municipal Development, Lasantha Alagiyawanna has been […]
Sri Lanka stocks close down 0.7-pct: JKH losses
Nov 26, 2015 (LBO) – Sri Lankan stocks closed down at 0.67 percent on Thursday with losses in John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed down 46.62 points at 6,963.37 down 0.67 percent. S&P SL20 closed 30.40 points lower at 3,705.30 down 0.81 percent. Turnover was 620 million rupees, […]
PTL Watch: Mixed interest in bonds, 5-8 year yields dip
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