Category: Other
Sri Lankan spices & other products to benefit from Geographical Indications
Nov 06, 2019 (LBO) – The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Primary Industries and Social Empowerment of Sri Lanka have launched a project aiming to establish a national system for Geographical Indications (GIs). GIs help consumers identify food and other products originating in a particular geographical location, […]
Finance Ministry has no legal authority to sign MCC: Bar Association of Sri Lanka
Nov 05, 2019 (LBO) – Bar Association of Sri Lanka (BASL) says that the Finance Ministry has no legal authority to sign the MCC Agreement which contains many more matters other than a simple agreement to borrow money from the lender. According to BASL, the proposed agreement goes much beyond a simple loan or grant […]
New network member logo introduced for qualified chartered accountants
Nov 04, 2019 (LBO) – CA Sri Lanka applauded Chartered Accountants Worldwide (CAW) for building international recognition of the Chartered Accounting qualification through the launch of an exclusive network member logo. Exclusively available to over 750,000 qualified chartered accountants who are members of one or more of the 14 institutes which form Chartered Accountants Worldwide, […]
Opinion: Are we finally done taxing Aunty Flo?
By Nishtha Chadha One of the most talked about election promises this week has been Sajith Premadasa’s promise to distribute free sanitary hygiene products. Labelling himself as a #padman, Premadasa tweeted that “until sustainable cost-effective alternatives are found” he promises to provide sanitary hygiene products free of charge. Indeed, access to menstrual hygiene products is […]
StudyAdelaide announces 2020 Brand Ambassador competition in Sri Lanka
StudyAdelaide, an agency of the Government of South Australia to promote Adelaide as an international study destination has launched an Ambassador competition for students in Sri Lanka for the first time. The competition offers an opportunity for student to become ambassadors of Adelaide, as well as an education and lifestyle experiential tour of Adelaide. The […]
ComBank enables Dynamic Currency Conversion at ATMs for foreign Visa Cards
The Commercial Bank of Ceylon has extended its ‘Dynamic Currency Conversion’ (DCC) feature to foreign Visa card holders using the Bank’s ATMs in Sri Lanka, enhancing transparency in the cash withdrawal process for travellers. Commercial Bank is the only bank to offer this service in Sri Lanka to Visa card holders travelling to the country. […]
‘s Chevening Scholarship closing on 5 Nov
Applications for Chevening Scholarships to study in the UK are closing on 5 November 2019, with applications to be submitted via www.chevening.org/apply. Chevening Scholarships are awarded to individuals with leadership potential and strong academic backgrounds.The scholarship offers full financial support for future leaders to study for any eligible master’s degree at any UK university, whilst […]
Vistara airline to launch direct flights between Mumbai & Colombo
Vistara, India’s finest full-service carrier and a joint venture of Tata Sons and Singapore Airlines, today announced a daily (except Wednesdays) direct service to Colombo, Sri Lanka from 25 November 2019 onwards, making it the fourth international destination in its fast-expanding network. The airline will fly its Airbus A320neo aircraft with three-class cabin configuration between […]
SEC to launch round table discussion with auditors & capital market stakeholders
The Securities and Exchange Commission of Sri Lanka (SEC) will for the first time in its history, launch a “Round Table Discussion with Auditors and other Capital Market Stakeholders” on Thursday 31st October 2019 from 2.30 p.m. to 6.30 p.m. at Hilton Colombo. In a letter of invitation addressed to multidisciplinary Institutions and Professionals, the […]
‘s developing country status that includes wealthiest countries
Oct 25, 2019 (LBO) – South Korea is to give up special treatment reserved for developing countries by the World Trade Organization in future negotiations given its enhanced global economic status, its finance minister said on Friday. South Korea, Asia’s fourth-largest economy, has maintained its developing country status as a member of the WTO since […]
Advantis Engineering completes modular construction at Jaffna Airport in 2 months
Due to fast-moving economic conditions present in Sri Lanka, utmost importance is placed on the lead time of construction projects in order to satisfy all key stakeholders. Advantis Engineering, an industry leader in rapid, innovative, bespoke space solutions which are a step ahead of its time, utilized its technical expertise in large scale modular construction […]
”; outlook stable
Fitch Ratings has affirmed the National Long-Term Rating on Sierra Cables PLC at ‘BB+(lka)’. The Outlook is Stable. The affirmation reflects Fitch’s expectation that Sierra’s leverage will continue to improve in the next 12 months, driven by a sustained recovery in demand and profitability in the financial year to 31 March 2020 (FY20) due to […]