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Sanken promotes property market at Singapore International Expo
May 13, 2019 (LBO) – Capitol TwinPeaks, a venture of Sanken Group, showcased their project at the SMART Investment and International Property Expo in Singapore., recently. The Sanken Group was present at the event representing not only Capitol TwinPeaks, but Sri Lanka’s real estate industry overall, in order to attract further investors, aiding in increased […]
First Session of political consultations between Sri Lanka and Turkey concludes in Colombo
May 13, 2019 (LBO) – The first session of political consultations between Sri Lanka and Turkey with a new road map for enhanced cooperation in prioritized sectors between the two nations was concluded recently. In order to further consolidate this engagement, a bilateral legal framework will be formalized to generate mutually beneficial outcomes in the […]
‘s pay tops $ 18mn
May 12, 2019 (LBO) – Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over $18mn in the last fiscal year. Her total annual renumeration makes her one of the highest paid executives in Australia. The disclosure of her compensation came out as the company she leads reported earnings of $3bn for the year. https://www.afr.com/business/banking-and-finance/the-eight-macquarie-bosses-paid-more-than-27-000-a-day-20190503-p51jue […]
Five key policy lessons from the terror attacks in Sri Lanka
By: Ganeshan Wignaraja Over 250 people died in last month’s IS-linked Easter bombings in Sri Lanka, making it one of the worst terror attacks since 9/11. Major incidents such as this cause extreme disruption in fragile countries like Sri Lanka, which is already grappling with the legacies of a thirty-year civil conflict, a simmering debt crisis, […]
Nirj Deva seeking a 5th term in the European Parliament
May 11, 2019 (LBO) – Niranjan Deva Aditya, more commonly known as the Hon. Nirj Deva, is seeking a fifth term in the European Parliament elections scheduled for May 23rd. The British elected European Parliamentarian of Sri Lankan descent is one of the longest serving European Parliamentarians.He has served in the legislative body for 20 […]
Foreigners flee Sri Lankan bonds with Rs11bn outflows this week
May 10, 2019 (LBO) – Foreign institutional selling of Sri Lanka’s government bonds picked up pace in the past week with approximately Rs11bn (US$60mn) of net outflows. Total foreign investor holdings of Sri Lankan government bonds has now reached multiyear lows, with total foreign holdings at just over US0mn.The fallout from the Easter Sunday terror […]
Softlogic Restaurants ranked among Asia’s Best Workplaces in 2019
Softlogic Restaurants Pvt Ltd., part of the Softlogic group of companies, and the Master Franchisee in Sri Lanka for global brands Burger King, Baskin-Robbins and Délifrance, has been ranked among the Best Workplaces in Asia 2019 in the Small & Medium Category by Great Place to Work®, in a major endorsement of the Company’s human […]
‘s National tea sales average down in April 2019
May 09, 2019 (LBO) – Sri Lanka’s tea sales for the month of April 2019 showed a decrease when compared with the same period last year, a new report shows. “National average for the month of April 2019 totalled 578.23 rupees vis-à-vis 585.92 rupees of March 2019 showing a marginal decrease of 07.69 rupees month on […]
Rs.1.36Bn takeover of People’s Merchant Finance by Sterling Capital
May 09, 2019 (LBO) – Sterling Capital Investments has completed a 1.36 billion rupee takeover of People’s Merchant Finance (PMF), a statement said.The take over happened through a private placement of shares and a rights issue giving Sterling Capital a stake of 67.9 percent in People’s Merchant Finance, a company filling at the Colombo Stock Exchange […]
Suwa Seriya ambulance service launches 1990 Mobile App
May 08, 2019 (LBO) – The “1990 Suwa Seriya” pre-hospital care ambulance service today launched its new Emergency Dispatch Management (EDM) System and the unique 1990 Mobile App to enable faster dispatching and management of ambulance movements.The 1990 App which is available for both Android and iOS phones will enable persons with smartphones to call the […]
CA Sri Lanka Library goes digital giving professionals & students 24/7 access
The library of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) heralded a new era in digital transformation last week, as it launched its e-Library for the benefit of its vast membership. The e-Library will provide thousands of Chartered Accountants, corporate clients and CA students a range of eBooks with the convenience […]
Sri Lanka discusses partnership modalities for proposed Oil Refinery with Oman
May 08, 2019 (LBO) – Sri Lankan government has carried out discussions with the Omani counterparts on the possible modalities of strategic partnership in the proposed Greenfield Oil Refinery to be established in Hambantota. The BOI said in a statement that Ministers Malik Samarawickrama, Kabir Hashim and Rishad Bathiudeen and the Chairman of BOI Mangala Yapa […]