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LOLC-Pak-Oman

LOLC microfinance model ventures into Pakistan

The LOLC Group inked a historic joint venture with Pak Oman Microfinance Bank Limited to introduce LOLC’s exceptional and globally accepted Microfinance model to the people of Pakistan. Having observed LOLC’s uniquely effective microfinance business model and its success stories in Sri Lanka, Myanmar and Cambodia, Pak Oman Microfinance Bank Limited which is a joint […]

Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act

Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act

Feb 07, 2017 (LBO) – A committee appointed by Sri Lanka’s former Minister of Justice and Law Reform Milinda Moragoda to consider and recommend amendments to the Muslim Marriage and Divorce Act No 13 of 1951 is finalizing its report, a statement said. The committee was appointed in July 2009 with the approval of the […]

OGP-lanka

Central Bank holds policy interest rates unchanged

Feb 07, 2017 (LBO) – Sri Lanka’s Central Bank held key interest rates unchanged on Tuesday with the expectation that inflation will stabilize at mid-single digits and the economy was responding to stabilization measures. Credit growth to the private sector by commercial banks remained high at 21. 9 per cent by end 2016, although it […]

Asian Development Bank

ADB to introduce new partnership strategy with Sri Lanka

Feb 06, 2017 (LBO) – Asian Development Bank is working on a new country partnership strategy with Sri Lanka’s government to address dynamic challenges with sustainable, inclusive and environmentally friendly solutions, an official said. During an event to mark 50 years of Sri Lanka’s partnership with ADB, director general of South Asia Regional Department of […]

Sri Lanka’s Right to Information Act comes into force

Sri Lanka’s Right to Information Act comes into force

Feb 03, 2017 (LBO) – Sri Lanka’s Right to Information (RTI) Act comes into effect today bringing with it a promise of open government, citizens’ active participation in governance, and accountability to the people of the country. The Ministry of Mass Media and Parliamentary Reform said that it has been laying the groundwork of RTI, […]

Tourists-2

Sri Lank plans annual shopping festival for foreign, local shoppers

Feb 03, 2016 (LBO) – Sri Lanka plans to commence an annual shopping festival with the participation of the Sri Lanka Retailers’ Association targeting both foreign and local shoppers. Representatives of companies such as The Factory Outlet, DSI, KPMG, Swarnamahal Jewellers, Hameedia, Singer, Softlogic Retail, Exclusive Lines and Mydeal.lk met with the Minister of Finance […]

Asian stocks shaky ahead of U.S. jobs data, China markets

Asian stocks shaky ahead of U.S. jobs data, China markets

HONG KONG, Feb 3 (Reuters) – Asian stocks got off to a tentative start on Friday, as investors await the outcome of a key U.S. monthly jobs report that will set the tone for the Federal Reserve’s policy outlook and as China’s markets reopen after a week-long break. MSCI’s broadest index of Asia-Pacific shares outside […]

South Korea court to declare shipping giant Hanjin bankrupt

South Korea court to declare shipping giant Hanjin bankrupt

Feb 02, 2017 (LBO) – South Korea’s shipping giant Hanjin Shipping is expected to be declared bankrupt this month, foreign media reports said. The Seoul Central District Court told media that it would end court receivership and declare the company bankrupt on February 17 following a two-week period for appeals. Demise of Hanjin Shipping is […]

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