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‘s big problems – Tony Weerasinghe
Democratization of wealth by disintermediation of stock trading; empowering customers to make informed decisions through access and transparency. Ustocktrade cloud platform as a case.
Herath retires from T20I and ODIs – ‘I want to make room for fresh talent to be groomed’
Sri Lanka’s dependable veteran spinner Rangana Herath has announced his retirement from T20 and ODI cricket. In a letter addressed to Sri Lanka Cricket, Herath says he would like to concentrate on Test cricket – which has always been his personal passion. He went on to say “Every cricketer has to stop at the right […]
Power of smart technologies to solving society’s big problems – Tony Weerasinghe
Democratization of wealth by disintermediation of stock trading; empowering customers to make informed decisions through access and transparency. Ustocktrade cloud platform as a case.https://youtu.be/FHsw8YdzrEk
IMF: Global growth has been too slow for too long
Are troubles ahead for the global economy? The IMF thinks so. Apr 12, 2016 (LBO) – IMF projects a global growth of a modest 3.2 percent in 2016, broadly in line with last year, but 20 basis points below the January 2016 forecast. The lender attributed its global economic outlook cut, for the second time […]
Sri Lanka Megapolis official resigns over Panama Papers scandal
Apr 12, 2016 (LBO) – Megapolis and Western Development Ministry today said Ministry Consultant Vidya Amarapala had decided to resign from his post to facilitate inquiry into the Panama Papers leaks. “The attention of the Megapolis and Western Development Ministry has been drawn to the listing of the name of Ministry Consultant Vidya Amarapala in the […]
Sri Lanka to re-impose share transaction levy from 15 April
Apr 12, 2016 (LBO) – Sri Lanka will re-impose the share transaction levy at the rate of 0.3 percent from 15 April, 2016, the Colombo Stock Exchange said. The levy would be charged from every buyer and seller on the turnover of every share trading transaction done on the CSE. The share transaction levy was […]
Sri Lanka economy adjusting, may receive USD1-1.25 bln from IMF: CB
Highlights from press conference: * GDP grew 4.8 pct in 2015, vs 4.9 pct 2014 * Sri Lanka may receive around USD 1-1.25 billion IMF support: Governor * USD500 mln renminbi bonds may be issued in coming months: Governor * Worker remittances fell 0.5 pct to USD6.9 bln in 2015 * Official reserves at USD6.2 […]
PTL Watch: Bond yields tick up on some profit taking
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Sri Lanka moving ahead with Panama Papers investigation: CB Governor
Apr 12, 2016 (LBO) – Sri Lanka is moving ahead with an investigation on leaks contained in the Panama Papers, although clear information is not yet available, Central Bank Governor Arjuna Mahendran told reporters. “We have got some of those papers, and we are requesting further information from our counterparts,” Mahendran said. The names of […]
‘s Kris
Apr 12, 2016 (LBO) – Disruption goes hand-in-hand with disintermediation and is a key feature that drives innovation, Kris Canekeratne of global IT outsourcing company Virtusa said. He was speaking at the well-attended LBR LBO Enterprise Summit 2016: Build Smarter Businesses with Smart Technologies or be Outsmarted, held in Colombo on Thursday. “What would life […]
‘s Hilton gets new board
Apr 12, 2016 (LBO) – Krishantha Cooray has been appointed Chairman and Non Executive Director of Hotel Developers Lanka (Hilton Hotel), a statement said. Following Non-Executive Directors too have been appointed: Athula Senanayake, Tehani S. Mathew, Dinouk Colombage, Sonali Liyanamana, Dhanushka R. Samarasinghe and M.Shezmin Manzoor, according to a filing to the Stock Exchange.