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Sri Lanka expands representation in Texas; appoints honorary consul
”Sri Lanka is reinvigorating its representation in the United States as the bilateral relations and people to people ties between the two nations are on an exponential growth trajectory” Sri Lanka’s Ambassador to the United States Prasad Kariyawasam said speaking at an event organized by the World Affairs Council in Dallas-Fort Worth to welcome Susantha […]
Abolishing minimum rates will disturb Sri Lanka hotel investments: hotelier
Aug 22, 2016 (LBO) – Sharp fluctuations in hotel revenues will prevent long term planning and investment in Sri Lanka’s hotel sector, especially if minimum rates are abolished, says Sanath Ukwatte, chairman of Mt. Lavinia Hotel. Tourism Development ministry said last month it plans to abolish the minimum room rates for both luxury and normal […]
‘s policies
Aug 22, 2016 (LBO) – The Indian government has appointed a well-respected deputy governor Urjit Patel at the Reserve Bank of India to become the country’s next central bank governor, ending months of uncertainty over the appointment. “Choosing Patel suggests that the government supports or at least is content to continue with Rajan’s policies at […]
Asia Best Employer Brand 2016 conferred on Bank of Ceylon
Adding another jewel to its crown, the 7th annual awarding ceremony of “Asia’s Best Employer Brand” awards endorsed the Bank of Ceylon as one of those classed as a “Best Employer Brand” for the year 2016. The ceremony was hosted by the Employer Brand Institute, World HRD Congress and Stars of the Industry Group along […]
Sri Lankan rupee steady; importer demand offsets exporter dollar sales
Aug 19, 2016 (Reuters) – The Sri Lankan rupee was steady for a fifth straight session on Friday as dollar sales by exporters and banks were offset by demand for the U.S. currency from importers, dealers said. The spot rupee was at 145.50/55 per dollar at 0632 GMT, unchanged from Thursday’s close. “The demand is […]
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 […]