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Need for accountants to leap forward takes centre stage at CA Sri Lanka National Conference
As disruption becomes part and parcel in today’s continuously evolving world, the increasing need for Chartered Accountants to boldly leap forward, if they are to thrive in the professional realm was highlighted at the recently concluded 39th National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). […]
Jayantha Dhanapala appointed to the Constitutional Council
October 11, 2018 (LBO) – Global diplomat Dr.Jayantha Dhanapala has been appointed to Sri Lanka’s Constitutional Council. He is one of 3 new civil society members appointed for a 3 year term.The Constitutional Council is a 10-member constitutional authority tasked with maintaining independent commissions and monitoring their affairs. The Council is aimed at depoliticizing the […]
‘s CSE takes no notice
October 11, 2018 (LBO) – Global markets are plunging with many indices around the world falling sharply. The carnage was triggered by a spike in U.S. 10 year treasury yields up to 3.25%. The Dow Jones Industrial Average and the S&P 500 were down over 3% on Wednesday, while the Nasdaq was down over 4%. […]
CSE-SEC holds Invest Sri Lanka Forum in Edinburgh and London
Oct 11, 2018 (LBO) – A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending an Invest Sri Lanka Forum held at the London Stock Exchange recently. The Forum, which was organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange […]
Sri Lanka revises fuel prices: Diesel not increased
Oct 10, 2018 (LBO) – Sri Lanka’s government increased the prices of petrol and super diesel with effect from midnight Wednesday. Issuing a statement the Ministry of Finance said the price of 92 octane petrol will be increased by six rupees to 155 rupees a litre.95 octane petrol will go up by eight rupees to […]
NDB rights issue 60% subscribed, Rs3.8bn raised
October 10, 2018 (LBO) – Colombo Stock Exchange (CSE) listed NDB Bank has raised Rs3.8bn through a rights issue in difficult market conditions. Although the rights issue aimed to raise over Rs6bn, it was only 60% subscribed. Analysts say that the issue was a relative success, as the subscription was taken up during very difficult […]
‘s shipbuilding operations, meets with Deputy PM
October 10, 2018 (LBO) – State Minister of Defence Ruwan Wijewardene is visiting Thailand on a high level defence visit. During the visit he called on Thai Defence Minister and Deputy Prime Minister Prawit Wongsuwan. During the visit to strengthen defence ties, Wijewardene also explored the Thai military’s ship building operations. Wijewardene was appointed State Minister […]
‘s latest treasury bill auction
October 10, 2018 (LBO) – Interest rates moved sharply higher in treasury bond auctions today.Auction results are representative of the turmoil in global fixed income markets caused by the U.S. Treasury 10 year bond interest rates breaking out to multi-year highs.The 10 year US Treasury bond yield stands at 3.2%. With further interest rate hikes […]
Price controls dominate political debate but may not help consumers: Report
Oct 10, 2018 (LBO) – A new report by The Advocata Institute, titled “Price Controls in Sri Lanka: Political Theatre” finds that consumer price controls lead to unintended outcomes including lower quality.Politicians have imposed price controls on a variety of items in the belief that capping prices will lower costs but our survey shows that […]
Sri Lanka FM interview ahead of IMF and WB annual meet on global trade, economy
Oct 10, 2018 (LBO) – Global finance and reserve bank chiefs will gather this week in Bali, Indonesia for the annual gathering of the International Monetary Fund and World Bank amid rising concern over trade war and risks of global economic crisis.Sri Lanka’s Minister of Finance and Communications, Mangala Samaraweera is chair of the Groups […]
MillenniumIT announces transition of organisation’s name to LSEG Technology
MillenniumIT, a part of London Stock Exchange Group (LSEG) today announced the transition of the organisation’s name to LSEG Technology. As a leading global financial technology provider, LSEG Technology is committed to offering world-class solutions through its array of products to a portfolio of financial market customers around the world. Nigel Cairns, General Manager of […]
US Embassy launches cultural heritage preservation project in Jaffna
Oct 10, 2018 (LBO) – US Embassy recently launched a two-year project to preserve pre-historic artifacts in the collection of the University of Jaffna. The funding is provided by the US Department of State under the Ambassadors Fund for Cultural Preservation (AFCP) and totals more than 23 million Sri Lankan rupees ($140,000). Chargé d’affaires Robert Hilton […]