Category:
‘s Finance Minister
Jan 03, 2019 (LBO) – Two European Union Parliamentary Members Lord William Dartmouth and Geoffrey Van Orden who visited Sri Lanka as members of the “Friends of Sri Lanka Group”, has paid a courtesy call on the Finance Minister Mangala Samaraweera yesterday. According to the Finance Ministry, during the call both the parties have exchanged views on matters […]
Online property portal LankaPropertyWeb acquires Lamudi.lk
Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal lamudi.lk, firmly establishing the company as the dominant portal in the country. The acquisition includes the lamudi.lk domain and all its listings, plus the local operations of Lamudi Sri Lanka. With this acquisition, LankaPropertyWeb aims to expand its reach […]
Hemas Pharmaceuticals launches pharmacists skill development program
Leading local pharmaceutical importer and distributor Hemas Pharmaceuticals (Private) Limited in conjunction with the Pharmaceutical Society of Sri Lanka recently launched its inaugural Pharmacists Skill Development Programme with the objective of gearing pharmacists with the necessary skills, qualifications and training to serve patients better. “Currently, there are more than 3,700 pharmacists serving patients across the […]
Opinion: My new year’s wish – a final rest to “ghosts” of years past!
By Chrishmal Warnasuriya G’day from down-under: Our customary few lines that usually accompany my New Year’s wish-list this time comes from the land of Skippy the Kangaroo and boxing day MCG cricket (sans the sand-paper of course); hence the slight delay in reaching you, my apologies! Our extensive travels and the chance to look at things […]
Tribute: Senior UN Economist Lakdasa Hulugalle (1932-2018)
January 2, 2018 (LBO) – Christmas Day 2018 saw the passing of Lakdasa Hulugalle at the age of 86. Hulugalle served as a Senior Economist at United Nations agency UNCTAD, and was my father’s elder brother. We spent a fair amount of time together and had many a discussion on our shared interests of politics, […]
I think we are understating Sri Lanka’s GDP under new methodology: CB Governor
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor on Wednesday pointed out that the authorities need to look at carefully whether they are recording the GDP of the country accurately.According to Coomaraswamy’s own view, the growth in 2018 should be somewhere between 3.5 and 4 percent. “I don’t think this is a 3 […]
Sri Lanka to cut threshold for foreign investment in rupee denominated securities
Jan 02, 2019 (LBO) – Central Bank intends to reduce the threshold for foreign investment in rupee denominated Government securities from 10 percent of the outstanding Government securities stock at present to 5 percent. Governor Indrajit Coomaraswamy, announcing the road map 2019 said this measure will be taken in view of the increased volatility in […]
Sri Lanka to complete IMF programme in 2019; reserves at USD6.9bn
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor remained optimistic that the staff level agreement reached in principle with the IMF on the fifth review will proceed to the next level with the successful completion of the IMF EFF programme this year. Announcing the monetary and financial sector policies for 2019, Governor Indrajit […]
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Jan 02, 2019 (LBO) – Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The notes, which will total LKR7 billion and mature in five years, include a non-viability clause and will qualify as regulatory Tier II capital for the bank. The bank […]
Sri Lanka and Nepal to strengthen economic cooperation
Jan 02, 2018 (LBO) – The Embassy of Sri Lanka in Nepal, together with the Nepal- Sri Lanka Chamber of Commerce and Industry organized a programme on “Promotion of Economic relations between Sri Lanka and Nepal” at Hotel Radission in Kathmandu, recently. Sri Lanka’s Ambassador to Nepal Swarna Perera and President of the Nepal- Sri […]
Jaffna to New York’s Wall Street and back to Jaffna
By Jekhan Aruliah Back in the day Raj Janan’s father was a successful industrialist in Jaffna, owning at various times an aluminium factory, a knitwear factory, a private hospital and a newspaper. Janan’s childhood was disrupted by the JVP insurrection in 1971 when he was 11 years old.One consequence of which was the family was […]
BOI signs agreement for Hospitality Industry Academy
The BOI signed an Agreement with the Australian Academy of Hospitality (AAH) recently. Hemasiri Fernando, chairman, signed on behalf of the Board while Kalum de Silva, Managing Director of AAH signed the agreement on behalf of the Company. Also present at the signing ceremony was Mrs. Champika Malalgoda, Director General of the BOI and Mrs. […]