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Opinion: Globalization and technology need saving from themselves
By Rich Lesser, President, The Boston Consulting Group What does the political environment in many developed nations tell us about the sustainability of two of the major drivers of global economic progress: globalization and technology? This piece offers a personal perspective on the root causes and implications of the current turmoil and what corporate leaders […]
PTL Watch: Bond yields tick higher, foreign buying seen
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-19th-August-2016.pdf” title=”PTL Daily Market Report 19th August 2016″]
‘s Janashakthi launches next gen smart tech challenge
Aug 19, 2016 (LBO) – Sri Lanka’s Janashakthi Insurance says it has launched their latest campaign to capture the innovative minds of today’s youth – the ‘Janashakthi Full Option Appathon’, the Next Gen Smart Tech Challenge. The team-based challenge will have youth competing for the one million rupee prize by proposing and developing apps that […]
Correction: Fitch downgrades NDB, affirms 8 banks, revises outlook on DFCC, Sampath
(Correction: This announcement replaces the version published on 22 June 2016 to correct the Support Rating of DFCC Bank PLC to ‘5’ instead of ‘4’ and the rating action on the Support Rating to “downgrade” instead of “affirmed”) Aug 19, 2016 (LBO) – Fitch Ratings says it has downgraded Sri Lanka’s National Development Bank PLC’s […]
CA Sri Lanka calls registrations for 52nd Annual Report Awards
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is now accepting applications for the coveted 52nd Annual Report Awards Competition, which is one of the most celebrated corporate events in the country. The competition which has created an important benchmark as an event that promotes transparency, good governance and social responsibility among […]
Blog: UK Visas made easy
By British Deputy High Commissioner to Sri Lanka and the Maldives, Laura Davies Since arriving in Sri Lanka, I have become a bit of an expert on visas. In fact, when my phone rings, there’s almost a one in two chance that someone is calling about their visa. Getting a visa can be complex, frustrating and time-consuming. […]
More Sri Lanka IPOs to come by end 2016: CSE official
Aug 19, 2016 (LBO) – Sri Lanka will see some new IPOs on the Colombo Stock Exchange by the end of 2016 and also expect some non strategic state enterprises to list, a senior official said. “There are few IPOs in the pipeline,” Rajeeva Bandaranaike, the chief executive of the CSE, said. “We are waiting […]
Sri Lanka tourist arrivals hit all-time high in July 2016
Aug 19, 2016 (LBO) – Tourist arrivals to Sri Lanka hit an all-time high in July this year, statistics from Sri Lanka Tourism Development Authority showed. The number of arrivals which clocked 209,351 represented a growth of 19.1 percent compared to July last year and is the highest number recorded in a single month since […]
Asia rides Wall St higher, buoyant crude nears 6-week highs
TOKYO, Aug 19 (Reuters) – Asian stocks edged up on Friday as Wall Street benefited from buoyant crude oil prices and expectations U.S. borrowing costs will remain at stimulatory levels at least until year-end. Japan’s Nikkei added 0.5 percent and South Korea’s Kospi tacked on 0.2 percent. Australian shares added 0.1 percent. MSCI’s broadest index […]
Amana Takaful Life Limited shares debut on CSE
(PRESS RELEASE) – Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, rang the opening bell to commence trading and celebrate the listing ofits shares on the Diri Savi Board of the Colombo Stock Exchange (CSE) today. The ceremony was attended by Directors of ATLL Dato’ Mohd Fadzli Yusof, Mr. Fazal Ghaffoor, […]
Sri Lanka inks deal for ICT cooperation with Huawei
Aug 18, 2016 (LBO) – Sri Lanka’s Ministry of Telecommunication and Digital Infrastructure and Huawei have signed a Memorandum of Understanding on information communication technology cooperation in China recently. “We will accelerate the local ICT talent development and this year, we will also establish a Customer Solution Integration and Innovation Center in Sri Lanka.,” Li […]
Sri Lankan rupee steady; exporter dlr sales offset bank demand
COLOMBO, Aug 18 (Reuters) – The Sri Lankan rupee was steady for a fourth straight session on Thursday as dollar sales by exporters were offset by demand for the U.S. currency from banks, dealers said. The spot rupee was at 145.50/55 per dollar at 0623 GMT, unchanged from Tuesday’s close. The markets were closed for […]