Category:
Full Supreme Court decision on Duminda Silva appeal published
October 14, 2018 (LBO) – The full Supreme Court decision on the Duminda Silva appeal case has been published. It was a unanimous decision of a five judge panel in Sri Lanka’s highest court. The Supreme Court opinion in this landmark case is likely to become one of the most widely read opinions in the […]
President appoints and CC approves Judge Nalin Perera as the 46th Chief Justice of Sri Lanka
October 13, 2018 (LBO) – President Maithripala Sirisena has appointed and the Constitutional Council has confirmed the new 46th Chief Justice (CJ). The collaborative process enshrined in Sri Lanka’s reformed constitution seemed to work flawlessly, resulting in a new CJ appointed through a highly regarded mechanism. Chief Justice Nalin Perera has spent close to 4 […]
‘s stock/bond markets cross $ 500mn YTD
October 12, 2018 (LBO) – Net foreign selling of Sri Lanka’s stocks and bonds has crossed US$500 million dollars for 2018. The outflows, which have been a significant factor in the devaluation of Sri Lanka’s currency and declining foreign reserves, show no signs of slowing down. Year to date in 2018, net foreign selling of […]
MINILANKA HERITAGE PARK, an eco-friendly miniature theme park proposed by ICT4SIDS
Press release from Mr.Vittorio Coco regarding project to advance the United Nations Sustainable Development Goals (SDGs) in Sri Lanka in Tourism sector. The Representative of ICT4SIDS in the Indian Ocean Region, Mr. Vittorio Coco, announced on Tuesday 9th October the initiation and planning phase of the MiniLankaHeritage Park, a multi-stakeholders and ambitious tourism project placing an […]
Sri Lanka introduces national standard for mobile QR code payments
Oct 12, 2018 (LBO) – Sri Lanka’s Central Bank has introduced a National Quick Response (QR) Code Standard for local currency payments with the aim of establishing a standard for payments carried out through mobile phones. The Central Bank said this new standard called LANKAQR came into effect from this week. All Licensed Banks, Licensed […]
Global sporting retailer, Decathlon, opens 1st store at Battaramulla
Opening up a whole new world of sports innovation for Sri Lanka, Decathlon Sri Lanka has launched its first store at Battaramulla on 13th October 2018, located at 260/1, Pannipitiya Road, Battaramulla, prominently located beside the Buddhadasa ground. Demonstrating its passion for sports, Decathlon’s store offers a unique sport store concept that showcases 2500 products […]
Central Bank says Cabraal’s comments on rupee depreciation misleading
Oct 12, 2018 (LBO) – Central Bank says the allegations made by former Governor Nivard Cabraal in a recent newspaper article that the Central Bank has neglected its statutory duty and the recent depreciation of the rupee could have been better managed are misleading. “The exchange rate pressure that is currently observed is not limited […]
Developing economies of G-24 call for global action to contain risks
Oct 11, 2018 (LBO) – Concern over rising risks to emerging market economies were center stage this week as global Finance Ministers and Central Bank Governors gathered this week in Bali, Indonesia. Bali hosted both the biannual Ministerial Meeting of the Group of Twenty-Four (G-24) developing countries and the annual meetings of the International Monetary Fund […]
Need for accountants to leap forward takes centre stage at CA Sri Lanka National Conference
As disruption becomes part and parcel in today’s continuously evolving world, the increasing need for Chartered Accountants to boldly leap forward, if they are to thrive in the professional realm was highlighted at the recently concluded 39th National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). […]
Jayantha Dhanapala appointed to the Constitutional Council
October 11, 2018 (LBO) – Global diplomat Dr.Jayantha Dhanapala has been appointed to Sri Lanka’s Constitutional Council. He is one of 3 new civil society members appointed for a 3 year term.The Constitutional Council is a 10-member constitutional authority tasked with maintaining independent commissions and monitoring their affairs. The Council is aimed at depoliticizing the […]
‘s CSE takes no notice
October 11, 2018 (LBO) – Global markets are plunging with many indices around the world falling sharply. The carnage was triggered by a spike in U.S. 10 year treasury yields up to 3.25%. The Dow Jones Industrial Average and the S&P 500 were down over 3% on Wednesday, while the Nasdaq was down over 4%. […]
CSE-SEC holds Invest Sri Lanka Forum in Edinburgh and London
Oct 11, 2018 (LBO) – A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending an Invest Sri Lanka Forum held at the London Stock Exchange recently. The Forum, which was organized by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange […]