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Sri Lanka’s tea industry opposes state interference to use levy
Aug 29, 2016 (LBO) – Sri Lanka’s tea industry players have opposed the Finance Ministry’s move to appropriate the funds accumulated by Tea Board, collected from the industry, for global tea promotion. Releasing a statement, six associations in the tea industry appealed to the Government to reconsider what they called an ‘unfair’ action in deference to […]
World Bank looks at further collaboration in Sri Lanka: South Asia VP
Aug 29, 2016 (LBO) – The World Bank says it will further support Sri Lanka’s journey towards higher growth and prosperity and this will require progress across all provinces. “I hope to continue discussions that I have previously had with government to further our collaboration. We look forward to continue supporting Sri Lanka’s ambitious development […]
Virtusa, highest forex earner of computer related services at Export Awards
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, was recognized as the ‘The Highest Foreign Exchange Earner of the Computer Related Services’ for 2014 at the 20th Presidential Export Awards. Held under the patronage of His Excellency […]
Opinion: Ceylon Steel excels with standardized “Flat Iron”
By Dr Edwin Ariyadasa Making Steel Industry history in Sri Lanka, Ceylon Steel Corporation has entered in to the production of standardized “Flat Iron”. Among the welding technicians, “Flat Iron” is known as “Steel Plating”. Ceylon Steel Corporation Ltd, the pioneer in Sri Lanka Steel Industry, presents standardized flat iron to the market, along with […]
‘s decision to air-gap public sector closely watched
Aug 29, 2016 (LBO) – Singapore is working on how to “air gap” web access for public servants as a defense against cyber attacks, a media report said. But some security experts say the policy, due to be in place by May, risks damaging productivity among civil servants and cutting them off from the people […]
USS Frank Cable Arrives in Sri Lanka today
Aug 29, 2016 (LBO) – The USS Frank Cable (AS-40) will arrive in Sri Lanka for a routine refueling and port visit on August 29. During the visit, sailors from the ship will enjoy shore leave and volunteer at an animal shelter, a statement said. USS Frank Cable (http://www.csp.navy.mil/frankcable/) is a submarine tender vessel stationed […]
Sri Lankan horse owners make their mark in Mysore
(PRESS RELEASE) – La Donna, the fashionably bred 3 year old bay, daughter of multidimensional, out of Forest Treasure, bred at the Usha Stud, set the Mysore Racetrack alight when she won the Srikantadatta Narasimharaaja Wadiyar Memorial Million on Friday 26th August. Owned by the Sri Lanka based Mr. and Mrs. Rienzie Edwards, the filly […]
‘ rate comments, dollar firms
SINGAPORE, Aug 29 (Reuters) – Most Asian share markets slipped on Monday while the U.S. dollar held firm on Monday after U.S. Federal Reserve Chair Janet Yellen indicated an interest rate increase remains on the cards for this year. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.7 percent. Japan’s Nikkei, bucked the trend […]
PTL Watch: Yields down 25-35 bps for week, foreign inflow
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-26th-August-2016.pdf” title=”PTL Daily Market Report 26th August 2016″]
Emergency ambulance service for Western Province in two weeks
Indian State Minister of External Affairs VK Singh and Deputy Minister Harsha de Silva today observed the functions of the Galle District Emergency Ambulance Service. De Silva said this ambulance service will be extended to Western Province in another two weeks.
Excise duty on diesel increased to Rs13 a litre; LIOC down 9.7 pct
Aug 26, 2016 (LBO) – Sri Lanka’s government has raised excise duty on diesel by 10 rupees a litre to 13 rupees, the Finance Ministry said in a statement. Although the excise duty on diesel was raised three days ago, no public announcement was made until Friday. The share price of LIOC fell to 37.80 […]
‘s National Development Bank CEO to resign, Chairman retires
Aug 26, 2016 (LBO) – Chief Executive Officer of National Development Bank, Rajendra Theagarajah will resign with effect from November 30 and Chairman of the bank, N G Wickremeratne will retire on August 31 , a statement said. Ananda W Atukorala, had been appointed as a non-executive director and chairman of the bank subject to […]