Category: Other
Uber introduces ‘Schedule a Ride’ in Sri Lanka
Sep 23, 2016 (LBO) – Uber, a global ride sharing company, will allow customers the convenience of scheduling a ride up to 30 days in advance with a ‘Schedule a Ride’ feature for its riders in Colombo, launched today. “Uber’s objective to offer accessible and reliable rides goes a notch further with the introduction of […]
”t be fixed by monetary policy: UBS Chairman
Sept 23, 2016 (LBO) – The European Central Bank should recognize that Europe’s needs cannot be solved by monetary policy, according to UBS Chairman Axel Weber. Weber, a member of the European Central Bank Governing Council from 2004 to 2011, says monetary policy is only effective as an “interim solution or an intermediate solution.” “What […]
‘s Lagarde announces specific actions on women’s economic empowerment
Christine Lagarde, Managing Director of the International Monetary Fund, issued the following statement today at the conclusion of her participation in a United Nations High-Level Panel on “Women Economic Empowerment” on the sidelines of the UN General Assembly: “It is a great pleasure to participate in the official launch of the commitments and work of […]
IFAC appoints Arjuna Herath of CA Sri Lanka as Chair of PAO Development
Following a rigorous nominations process, the International Federation of Accountants (IFAC) today announced the appointments of three outstanding members of the global accountancy profession to lead important committees supporting the profession across the world: Monica Foerster as Chair of the Small and Medium Practices (SMP) Committee; Arjuna Herath as Chair of the Professional Accountancy Organization […]
Supreme Court says NBT amendment consistent with constitution
Sept 22, 2016 (LBO) – Sri Lanka’s Speaker of Parliament informing the Supreme Court determination today said the Nation Building Tax amendment bill is not inconsistent with the constitution. A public interest litigant activist filed a petition in the Supreme Court challenging the Nation Building Tax bill charging that it imposes retrospective tax liability. The […]
President meets Obama, John Kerry and Ban Ki-moon at UNGA
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Korean Film Festival 2016 in Colombo, Sri Lanka
Following on the success of last year’s event, the Embassy of the Republic of Korea in Sri Lanka and the Korea Foundation will co-host the Korean Film Festival 2016 from October 14 to October 17 at the National Film Corporation (NFC) Theatre, Colombo 7, in partnership with the National Film Corporation of Sri Lanka. The […]
‘s rating at BB+(lka)
Fitch Ratings Lanka has today affirmed Alliance Finance Company PLC’s (AFC) National Long-Term Rating at ‘BB+(lka)’ with a Stable Outlook. At the same time Fitch affirmed AFC’s outstanding senior unsecured debentures at ‘BB+(lka)’ and outstanding subordinated debentures at ‘BB(lka)’. KEY RATING DRIVERS NATIONAL RATING AND SENIOR DEBT AFC’s rating reflects its established but modest franchise […]
Opinion: Sampur Coal Power Plant, how did it get environmental clearance?
By Vidhura Ralapanawa The Trincomalee Coal Power Plant (TCPP), a joint venture between Ceylon Electricity Board (CEB) and Indian coal power giant NTPC, was planning to build a 500MW subcritical coal power plant in Sampur, in the Eastern coast of Sri Lanka. The Environmental Impact Assessment (EIA) of the project is replete with errors of […]
Kumar Sangakkara Kicks OffMurali Harmony Cup 2016
(PRESS RELEASE) – The Murali Harmony Cup 2016 was declared open today (20th September 2016) in Kilinochchi. 24 teams will compete in this year’s blockbuster tournament featuring as many as ten newcomers to have a chance at winning the coveted Champions trophy and bragging rights in the men’s and women’s segments respectively. Speaking at the […]
Summit: Office space in Colombo to quadruple with Port City
Sept 21, 2016 (LBO) – Sri Lanka’s capital Colombo office space will quadruple after the completion of the ongoing Port City development project, a Port City official said. Chief Marketing Officer of CHEC Port City Colombo, Liang Thow Ming, said the existing office space inside Colombo city is around 220,000 square meters. He was speaking […]