Category: Other
US agency MCC to identify country’s constraints to economic growth
Representatives from the Millennium Challenge Corporation (MCC), an independent U.S. development agency, are visiting Sri Lanka this week to begin a partnership to overcome key challenges to economic growth and poverty reduction. The delegation met with President Maithripala Sirisena, Prime Minister Wickremesinghe, and other top cabinet ministers, along with a cross-section of industry, civil society, […]
LAUGFS bags Platinum at Vision annual report competition
LAUGFS Gas PLC emerged as a top winner again, having received the prestigious Platinum Award for the second consecutive year at the 2014/15 Vision Awards Annual Report Competition. This year, LAUGFS Gas PLC was bestowed with the Platinum Award for excellence within the industry on the development of the organization’s annual report, the Silver Award […]
Sri Lanka investigating money allegedly laundered from NY Fed
Mar 10, 2016 (LBO) – Sri Lanka is investigating Bangladesh government’s claims that hackers stole nearly 100 million dollars from an account with the Federal Reserve Bank of New York and laundered money in Philippines and Sri Lanka. Bangladeshi officials said they had recovered part of the money from Sri Lanka and was in contact […]
Korea eyes investment opportunities in Sri Lanka
In an effort to boost investment and trade between Sri Lanka and the Republic of Korea, the Korea Trade-Investment Promotion Agency (KOTRA) and the Export-Import Bank of Korea (Korea Eximbank) are exploring the possibility of increasing Korean companies’ investing in Sri Lanka whose economy has recorded more than a 6% of GDP growth rate annually […]
‘s leading trade show
The Sri Lanka Pavilion was a big draw at the world’s largest travel and trade show, ITB which opened in Berlin yesterday (9). This year’s ITB is of special significance to Sri Lanka as it is the 50th consecutive year the country is participating at this show. Incidentally ITB and Sri Lanka Tourism are both […]
‘s Day Celebration in Bangalore
A group of Sri Lankan students living in Bangalore represented their country at the International Women’s Day Celebration organized by the Federation of Karnataka Chambers of Commerce & Industry held on 8th March 2016 at a gala event in Bangalore. “Bangalore had always been my second home and I always wanted to take part in […]
John Keells Holdings powers CA Sri Lanka with lead sponsorship
Sri Lanka’s leading conglomerate, John Keells Holdings PLC (JKH) has once again powered the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a lead sponsorship. John Keells Holdings has been CA Sri Lanka’s lead sponsor since 2007. JKH Group Finance Director Ronnie Peiris said that JKH is pleased to continue its lead […]
CSE Rings Bell for Gender Equality
The CSE recently joined the Sri Lanka Institute of Directors (SLID), IFC – a member of the World Bank Group, UN Global Compact, UN Women, the World Federation of Exchanges, Women in ETFs and the Sustainable Stock Exchanges (SSE) Initiative to ring the opening bell for gender equality. These bell-ringing events are taking place in […]
Deputy Prime Minister of Thailand arrives Sri Lanka
Dr. Somkid Jatusripitak, Deputy Prime Minister in Charge of Economic Affairs of Thailand, arrived in Sri Lanka on 8th March for an official visit, at the invitation of Foreign Minister Mangala Samaraweera. The visit is a follow up to the visit of President Maithripala Sirisena to Thailand in November 2015. During the visit, the Deputy […]
Bangladesh alleges USD100mln stolen from NY Fed, transferred to Sri Lanka
Mar 09, 2016 (LBO) – Bangladesh’s government says it plans to sue the Federal Reserve Bank of New York after hackers allegedly stole nearly USD 100 million from a reserve account and transferred funds to Philippines and Sri Lanka. Suspected hackers stole the money from Bangladesh’s foreign exchange account on February 5, according to a […]
President congratulates Sri Lanka Cricket team leaving for T20 world cup
( Pix By: Sudath Silva )