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An investor to park USD1 bln in dollar deposits, says Finance Minister
Jan 12, 2016 (LBO) – An investor has promised to park 1 billion dollars in dollar deposits in Sri Lanka to help the island nation defend its currency, according to a media report quoting the finance minister. The investor was Belgian and was working with a Sri Lankan partner, Finance Minister Ravi Karunanayake told Reuters. […]
UN High Commissioner for Human Rights to visit Sri Lanka next month
Jan 11, 2016 (LBO) – UN High Commissioner for Human Rights Zeid Al Hussein will visit Sri Lanka early next month, Humanitarian Coordinator of UN in Sri Lanka Subinay Nandy said. “I am not saying good-byes right away since I shall be back to Sri Lanka accompanying UN High Commissioner in his next month’s visit […]
” privilege card for War Heroes to be launched in January
The first leg of special privilege card for War Heroes, ‘Virusara’ is to be launched on the 25th of January (2016) under the patronage of the President. It was revealed at a meeting held at the Ministry auditorium today. The meeting was held under the patronage of State Minister of Defence, Ruwan Wijewardene. Secretary to […]
Prof. Mahadevan to hold CA Sri Lanka programme on Inspirational Leadership
World-renowned speaker Prof. B. Mahadevan will be in Sri Lanka in February on the invitation of the CA Sri Lanka Business School to conduct a one-day programme on ‘Spirituality & Inspirational Leadership.’ The programme is designed to enable executives understand the core issues in organizations that inhibit them from good performance and will provide a […]
‘s term
Jan 11, 2016 (LBO) – Secretary to the President P.B. Abeykoon says no official song has been released to mark one year of democratic governance under the leadership of President Maithripala Sirisena. The Secretary to the President further said that a song titled “Nuba Ape Minisek” has been erroneously disseminated as Sri Lanka President’s Official Song […]
PTL Watch: Bond yields drop as volatility returns
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SEC advises TKS Securities over possible violation of rules
Jan 11, 2016 (LBO) – Sri Lanka’s securities watchdog has advised TKS Securities, a registered stockbroker, that their agent has made representations to the public as an investment advisor. The Securities and Exchange Commission said they are aware that an Agent of TKS Securities is carrying on business under a name of ‘Investor Eye’ or […]
Interview: Sector specific Acts needed for water, petroleum, says DG PUCSL
Jan 11, 2016 (LBO) – Sri Lanka’s Public Utilities Commission will need to have sector specific Acts for it to have power to regulate water and petroluem sectors, a senior official said. “Actually water and petroleum sectors are listed in our Public Utilities Commission Act which has been in operation since 2002 but we need […]
Sri Lanka foreign reserves at USD7.3 bln end Dec
Jan 11, 2016 (LBO) – Sri Lanka’s official foreign reserves was slightly higher at 7.29 billion dollars at the end of December, up from 7.28 billion dollars at the end of November, figures released by the Central Bank shows. This figure is down from 8.21 billion dollars in foreign reserves at the end of 2014. […]
Colombo Mayor says suing Enrique concert organizer
Jan 11, 2016 (LBO) – The mayor of Colombo says he is taking legal action to recover an estimated 30 million rupees in taxes from Live Events, the company that recently organized the Enrique Iglesias concert in Sri Lanka. The Colombo Municipality said event organisers had sold “invitations” to the event to avoid paying taxes […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Professor Willie Mendis
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]