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‘s Elephant House pours soft drinks into Europe
Oct 07, 2016 (LBO) – Sri Lanka’s iconic Elephant House has signed up with a UK-based bottling facility for the production of 1.5 litre PET plastic variants of its much-loved Necto, Cream Soda and Orange Barley beverages. With a view to increase exports into the European market, this bottling deal immediately targets expansion into key […]
Seylan Colombo Motor Show 2016 to open in October
(Press Release) Seylan Bank PLC a leader in providing innovative banking solutions, championing the leasing category, has partnered as the title sponsor and exclusive banking partner for the upcoming Seylan Colombo Motor Show 2016, which is the largest and luxurious automobile exhibition held in Sri Lanka. The Seylan Colombo Motor Show is organized by Asia […]
US, Sri Lanka SEC holds regional training to prosecute securities fraud
A Regional Training Conference on “Effective Oversight of Capital Markets: Investigation and Prosecution of Securities Fraud and Abuse” was organized by the Securities and Exchange Commission of Sri Lanka (SEC) in association with the United States Securities and Exchange Commission (US SEC) from the 19th – 22nd of September 2016. The conference was designed for […]
Sri Lanka signs D.C. sustainability pledge
Demonstrating the Embassy’s support for the District of Columbia’s environmental and sustainability goals, Ambassador Prasad Kariyawasam joined over 62 Ambassadors and Embassy representatives on October 5 at the Embassy of Italy to sign the DC Sustainability Pledge. The signing ceremony was organized by the DC Greening Embassies Forum in collaboration with the District of Columbia […]
Pound falls to lowest level since 1985 on fat finger
Oct 07, 2016 (LBO) – The British pound fell to its lowest level since 1985 in early Asian trade with traders speculating whether it was due to an error trade. The currency dove as much as 6 percent to $1.1819 and later recovered to .24 handle, down 2 percent. Friday’s fall was the most aggressive […]
Sri Lanka to sign ETCA by end 2016: PM at India Economic Summit
Oct 07, 2016 (LBO) – Sri Lanka expects to sign the Economic and Technology Co-operation Agreement (ETCA) with India by the end of this year, Prime Minister Ranil Wickremesinghe said. Addressing the India Economic Summit 2016, Prime Minister Wickremesinghe said it will help Sri Lanka to strengthen economic ties. “The proposed ETCA will be signed […]
Sri Lanka to build 100,000 bpd refinery with India
NEW DELHI, Oct 6 (Reuters) – Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo. India has been vying for major projects […]
CA Sri Lanka, Colombo Uni. mulls launching joint Master’s Degree
In a joint effort to enhance and promote the accounting profession further in the country, the University of Colombo and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), signed a Memorandum of Understanding (MoU) this week. The MoU allows both the accounting academia and it’s practitioners to collaborate and carry out a […]
Central Bank, immigration office to tackle money laundering
Oct 06, 2016 (LBO) – Sri Lanka’s Central Bank has joined with the immigration office to receive information in order to facilitate investigations and prosecutions on money laundering and terrorist financing. The bank’s Financial Intelligence Unit recently entered into a Memorandum of Understanding with the Immigration and Emigration Department in this regard in terms of […]
Sri Lanka’s Seylan Bank to raise Rs5bn from listed debenture
Oct 06, 2016 (LBO) – Sri Lanka’s Seylan Bank is to raise 5.0 billion rupees from a listed debenture issue, the bank said in a stock exchange filing. The bank has decided to issue rated senior unsecured redeemable debentures worth 50 million rupees at 100 rupees each with an option to issue up to a […]
Universal Robots Denmark launches first collaborative robot in Sri Lanka
The pristine island of Sri Lanka with its serene Buddhist culture will make-way for a technology pit-stop for one of the world leaders in the concept of ‘collaborative Robotics’. Universal Robots, a Danish robot manufacturer which invented and pioneered collaborative robots or ‘co-bots’ as they are popularly called, presented this technology to the Sri Lankan […]
Sri Lankan rupee falls slightly on importer dollar demand
Oct 06, 2016 (Reuters) – The Sri Lankan rupee edged down on Thursday due to importer dollar demand in the absence of central bank intervention, and the market expects the local currency to be under pressure due to seasonal demand from importers until the year-end, dealers said. The spot rupee was at 146.80/90 per dollar […]