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PUCSL asks power utility to develop 12 new generation scenarios
June 30, 2017 (LBO) – Sri Lanka’s Public Utilities Commission of Sri Lanka (PUCSL) has asked the Ceylon Electricity Board (CEB) to submit 12 scenarios which will provide different power plant combinations by 7th of July 2017. Issuing a statement the PUCSL said these scenarios should be developed with updated prices for coal, natural gas […]
Reforms in Sri Lanka urgent but need to limit cost to the poor: WB
June 30, 2017 (LBO) – Sri Lankan government led reforms to improve competitiveness, maintain macro-fiscal stability and strengthen institutions, with broad support in the country, are key to robust economic growth, job creation and poverty reduction, a new World Bank report said. The Sri Lanka Development Update launched Thursday said that the economy and its […]
PTL Watch: Bond yields ease, buying in longer tenors
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Revised rules on minimum public holding takes effect from July: SEC
The Securities and Exchange Commission of Sri Lanka (SEC) has instructed the Colombo Stock Exchange (CSE) to commence enforcement in respect of its November-2016 Revision of Rules on Minimum Public Holding Applicable to All Listed Public Companies. The enforcement measures were developed by the CSE under the direction of the SEC and are due to […]
CA Sri Lanka Applied Accounting Degree marks highest-ever intake in 2017
The BSc. Applied Accounting Degree offered by CA Sri Lanka which has gained much respect and popularity amongst students and employers within a short span of time, recorded the highest ever intake this year, with over 500 students including foreign students following the specialised degree. Explaining the reasons why the BSc. Applied Accounting Degree has […]
Sri Lanka technical interns to be trained in Japan
June 29, 2017 (LBO) – Sri Lanka is to sign a memorandum of understanding with International Manpower Development Organization of Japan (IM Japan) to send technical interns to Japan for further training. The cabinet nod has been received to sign this agreement presented by Foreign Employment Minister Thalatha Athukorala, said Co-cabinet Spokesman Minister Gayantha Karunathilake, […]
Siyapatha Finance to raise Rs1bn in listed debt
June 29, 2017 (LBO) – Sri Lanka’s Siyapatha Finance is planning to raise as much as one billion rupees from a public offer of debentures which will be quoted on the Colombo Stock Exchange. Siyapatha Finance said in a stock exchange filing that the company wants to sell 10 million listed rated unsecured subordinate redeemable […]
Sri Lanka tourism office grades restaurants in Colombo
June 29, 2017 (LBO) – Sri Lanka Tourism Development Authority (SLDA) has launched a project to encourage upgrading of food safety, hygiene and services of places supplying meals for foreign and local tourists. The project named “Certification Scheme for Tourist Friendly Eating Places” is carried out with the participation of the Health Ministry and Colombo […]
Asbestos industry warns of economic, social and environmental impact from ban
June 29, 2017 (LBO) – Sri Lanka’s Minister of Technology and Research said that he was awaiting reports regarding the safe use of Chrysotile, a type of asbestos from the Industrial Technology Institute (ITI), after he had been moved to research claims being made by industry players in the roofing sheet industry. “Policymakers are working […]
Prasad Kariyawasam re-elected to UN Committee on Migrant Workers
Sri Lanka’s Ambassador to the USA, Prasad Kariyawasam, who has been a member of the UN Committee on Migrant Workers since its inception in March 2004, and the first Chair of the Committee , was re-elected for the fourth time at the Election held at the UN in New York on 28 June 2017, at […]
Sri Lanka appoints Dumith Fernando to CSE Board
June 29, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange said it appointed Dumith Fernando as a Director of its board at its Annual General Meeting in place of Vajira Kulatilaka. Fernando is an experienced international investment banker with over two decades in the industry in the US and Asia. He led the acquisition of Asia […]
PTL Watch: Sri Lanka bond yields dip with improved activity
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