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Opinion: Stiglitz could keep Economic Forum on point
Jan 06, 2016 (LBO) – The work of renowned economist Joseph Stiglitz, a guest speaker at the Sri Lanka Economic Forum this week, could help focus attention on several issues simmering in the island’s political and economic discourse. The problem of deregulated markets, growing income inequality in neo-liberal economies, and IMF intransigence in the face […]
Sri Lanka’s Orient Finance to raise Rs1bn through IPO
Jan 06, 2016 (LBO) – Sri Lanka’s finance sector player Orient Finance is to raise one billion rupees by way of an Initial Public Offering. The company will offer 71.5 million ordinary shares at 15 rupees each, the company said in a stock exchange filing. The finance company formerly known as Bartleet Finance has obtained […]
CSE obtains exchange control approval to list foreign companies
Jan 06, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange has obtained exchange control approval from the Finance Ministry to start listing foreign companies in dollar denominated securities, CSE Chairman Vajira Kulatilaka said. Kulatilaka told LBO that the idea is to make the country a regional hub for financial activities. “This is the first step […]
ICT industry veteran Channa de Silva takes reins as CEO of LankaClear
Well known ICT industry veteran Channa de Silva took reins as the General Manager/ Chief Executive Officer of LankaClear recently with former General Manager/ CEO, Sunimal Weerasooriya moving away from the position following an illustrious eight year tenure. Central Bank backed LankaClear functions as Sri Lanka’s national payment network and is entrusted with developing the […]
PTL Watch: Yield curve flat, T-bill yields up at auction
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Speech by Chief Guest Patali Champika Ranawaka – LBR LBO Infrastructure Summit 2015
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, […]
HNB Grameen shares to be listed in CSE
Jan 06, 2016 (LBO) – Hatton National Bank’s micro finance arm, HNB Grameen, is to list its shares in the Colombo Stock Exchange shortly, Managing Director of HNB, Jonathan Alles said. Alles was speaking at the trade opening ceremony conducted at the CSE yesterday. “In the HNB group, Lanka Ventures, HNB Assurance are listed and […]
Sri Lanka, Pakistan consider currency swap agreement
Jan 06, 2015 (LBO) – Sri Lanka and Pakistan will considering entering into a currency swap agreement, the Prime Minister of Pakistan Nawaz Sharif said speaking in Colombo. The two countries will also look at a joint investment company, he said speaking at the launch of the single country trade exhibition. Sri Lanka has a […]
Sri Lanka real estate brokers, agent certification should be formalized: RIU
Jan 06, 2016 (LBO) – Sri Lanka’s real estate brokers and agents need to professionalize their services and initiatives to bring about change in the sector, a recent report says. “Sri Lanka does not have a formal system of registration of certification for real estate brokers and agents,” Research Intelligence Unit, a firm which specialize […]
CA Sri Lanka, IFAC and SAFA in joint effort to empower Asia’s SMEs
In a fresh effort aimed at empowering the Small and Medium practitioners and enterprises in the South Asian region, the Institute of Chartered Accountants of Sri Lanka together with the International Federation of Accountants (IFAC) and the South Asian Federation of Accountants (SAFA), has organized a regional SMP Forum to help educate Small and Medium […]
IMF Executive Director Subir Gokarn meets Minister Amunugama
Dr. Sarath Amunugama minister for Special Assignments met Dr. Subir Gokarn, Executive Director of International Monetary Fund at the Ministry office yesterday ( 4th January ). At this discussion views were exchanged regarding the present Economic Situation of Sri Lanka. Dr. Nandalal Weerasinghe, Deputy Governor of Central Bank of Sri Lanka also participated at the […]
USD80mn LAUGFS LPG Terminal takes-off ground
LAUGFS Terminals Limited joined together with China Huanqiu Contracting & Construction Corporation (HQC) to officially break ground for the 45,000MT LAUGFS LPG Import/Export Terminal at Hambantota Port, with a massive investment of over USD 80 million allocated for the project. The Terminal will be the first step in building a regional energy distribution hub in […]