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Sri Lanka tourism poised for strong growth: JLL
Jan 14, 2016 (LBO) – Sri Lanka is on the brink of a strong reform agenda and transformational change that could pave the way for inclusive and balanced growth, JLL said in a research report focusing on the tourism sector. For the hospitality industry, this means aiming for 2.2 million tourists, up from 1.8 million […]
Famous Pakistani scientist Prof. Dr Atta-ur-Rahman in Sri Lanka
Famous Pakistani scientist Prof. Dr. Atta-ur-Rehman is currently visiting Sri Lanka to attend 1st International Conference on Bioscience and Biotechnology – 2016 under the theme of “Molecular Life Science for the Development in the 21st Century”, from January 12-13, 2016, organized by Faculty of Applied Sciences, University of Sri Jayawardenepura Sri Lanka. Prof. Dr. Atta-ur-Rehman […]
Finance Ministry delays budget proposals on VAT & NBT
Jan 13, 2016 (LBO) – Sri Lanka’s Finance Ministry has suspended implementing the budget proposals on VAT and NBT until the relevant legislative enactments are passed by Parliament. However, considering the cost of living impact, restriction on the exempt supplies applicable on wholesale and retail trade (deemed VAT) is removed with effect from 01.01.2016, the […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Sumila Gulyani PhD
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
Sri Lanka targeting affordable renewable energy: DG PUCSL
Jan 13, 2016 (LBO) – Sri Lanka’s dependency on fossil fuels should be substituted with renewable options which are much greener and safer, a senior official said. “In total, in 2015 about 45 percent of energy was through renewable energy including large and small hydro, wind and others. This is a very healthy situation,” Damitha […]
Sri Lanka stocks up after 7 days of losses; bargain hunting
Jan 12, 2016 (LBO) – Sri Lankan stocks were up 0.31 percent after seven consecutive days of losses with gains in John Keels Holdings and Telecom stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 20.02 points at 6,554.37 down 0.31 percent. S&P SL20 closed 12.53 points down at 3,405.57 down 0.37 […]
CA Sri Lanka awards scholarships for top A level achievers
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently awarded scholarships to the highest three achievers at the 2015 GCE Advance Level Examinations (Commerce Stream) to kick start their professional journey as Chartered Accountants, following their exceptional performance at last year’s A/L exams. President Elect of CA Sri Lanka, Mr. Lasantha Wickremasinghe […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Sumila Gulyani PhD
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
PTL Watch: Bond yields drop further 20 to 25 bps
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Maersk Line to invest in Colombo Port expansion
Jan 13, 2016 (LBO) – Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri Lanka Peter Taksøe-Jensen revealed. Maersk Line has been the world’s largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 […]
‘s subordinated debentures AA-
Jan 13, 2016 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank’s proposed Basel II-compliant subordinated debentures of up to 7 billion rupees a final National Long-Term Rating of ‘AA-(lka)’. The final rating is the same as the expected rating assigned on 22 December 2015, and follows the receipt of documents conforming to information already received, […]
YouTube launches localized version in Sri Lanka
Jan 13, 2016 (LBO) – The most popular video sharing site in the world, YouTube on Tuesday launched its localized version for Sri Lanka, Google Asia Pacific Blog said. Users visiting the YouTube homepage from Sri Lanka will now be able to see videos and playlists that are popular in the country in local languages […]