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LAUGFS Eco Sri, first to be ISO 14001 certified in emission services in South Asia
LAUGFS Eco Sri, the first to introduce air quality management and a pioneer in eco solutions in Sri Lanka, recently became the first organization in the South Asian region to receive the ISO 14001 certification in emission services. The award ceremony held at the Sri Lanka Standards Institution was attended by top management of LAUGFS […]
No reason to keep exporter’s money abroad: Central Banker
Apr 28, 2016 (LBO) – Sri Lankan exporters do not have a clear reason to keep their money abroad as the Central Bank has already removed restrictions on foreign currency withdrawals from foreign currency accounts, a senior official said. Deputy Governor of the Central Bank Nandalal Weerasinghe speaking at an event said the exporters will […]
Unreasonable tax increases to be enforced after May Day: MR
Apr 28, 2016 (LBO) – Sri Lankan general public will have to suffer from unreasonable tax increases that are to come into effect from 2 May 2016, Former President Mahinda Rajapaksa said. Releasing a statement Rajapaksa said the government is going to increase taxes because there is no money to continue implementing the reckless pledges […]
The Swiss Institute to be launched in Sri Lanka next week
The service industry – banking, hospitality & tourism, logistics & transport, telecommunications, retailing – is the stage where the global war for talent is being fought. It is the only industry dependent on the human factor for its continued success, whereas manufacturing, already in decline, has only limited scope for a human labour force. Why […]
WCIC to recognize outstanding businesswomen at the ‘Woman Entrepreneur of the Year Awards’
27 April 2016: Women’s Chamber of Industry and Commerce (WCIC) once again will lend voice to amplify the good work that women in businesses are doing in the Country when it hosts the prestigious ‘Woman Entrepreneur of the Year Awards’ in August this year. The premier national awards programme will celebrate the achievements of the […]
BOI signs 19 agreements worth Rs.319Mn in March 2016
Apr 28, 2016 (LBO) – Sri Lanka’s Board of Investment signed a total of 19 new investment agreements in varied sectors in March 2016, the investment agency said in a statement. The agreements signed are valued of 139 million US dollars and are expected to generate 3100 direct new employment opportunities. As per the BOI […]
Walkers CML Properties educates public on highway safety in Sri Lanka
Walkers CML Properties (Pvt) Ltd, a fully-owned subsidiary of MTD Walkers PLC partnered with the Expressway Operation Maintenance and Management Division of the Road Development Authority to educate the general public on the importance of adhering to highway safety rules and regulations. During the Sinhala and Tamil New Year Period, from April 9 to April […]
Sri Lanka projected economic growth 5.4-pct in 2016; 5.9-pct in 2017: UNESCAP
Apr 28, 2016 (LBO) – Sri Lanka’s economic growth is projected to gain further momentum, at 5.4 percent in 2016 and 5.9 percent in 2017, newly released 2016 UNESCAP report said. The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) report further said private consumption in Sri Lanka will likely remain […]
PTL Watch: Yields up on thin volumes
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Oil hits 6-month high, speculation on OPEC-Russia deal
Apr 28, 2016 (LBO) – Oil prices hit six month highs before dipping slightly on mixed reports about inventories. Brent Crude hit a high of 47.05 dollars, but is currently down 0.55 percent at 46.92 dollars per barrel. Oil has risen in recent weeks from market optimism that OPEC and Russia will freeze production at […]
Staying ahead with technology, important for Accountants: CA Sri Lanka Chief
President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Mr. Lasantha Wickremasinghe recently underscored the importance for accountants to stay ahead with continuing technological advancements, to help the profession and its professionals stay relevant with changing times. Speaking at the 30th International CA Students’ Conference held in Colombo, Mr. Wickremasinghe, who […]
Two UN Special Rapporteurs to undertake Joint visit to Sri Lanka
The Special Rapporteur on the independence of judges and lawyers, Mónica Pinto, and the Special Rapporteur on torture and other cruel, inhuman or degrading treatment or punishment, Juan E. Méndez, will undertake a joint visit to Sri Lanka from 29 April to 7 May 2016, at the invitation of the Government. While the previous UN […]