Category:
Sri Lanka taxes to go online
Nov 03, 2015 (LBO) – Sri Lanka plans to increase revenue collection by setting up a platform for the public to pay taxes through an online based system, the Commissioner General of Inland Revenue said.“Tax is the price we pay for the country we want,” Kalyani Dahanayake, commissioner general of Inland Revenue of Sri Lanka […]
Sewage line caused delay in construction: Nawaloka Hospitals
Nov 02, 2015 (LBO) – Sri Lankan health care provider Nawaloka Hospitals on Monday said a proposed construction work has been delayed due to a detection of an underground sewage line under Nawaloka Hospitals. The company raised 1.5 billion rupees through a debenture issue in 2013 partly to build a multi-storey building with car park, […]
Sri Lanka stocks close down 0.2-pct: Low investor activity
Nov 02, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Monday following losses in some index heavy stocks with low investor activity and volumes traded, brokers said. The Colombo benchmark All Share Price Index closed down 12.99 points at 7,029.07 lower 0.18 percent. S&P SL20 closed 6.21 points lower at 3,796.79 […]
Sri Lanka’s Access Engineering to raise Rs5bn from listed debenture
Nov 02, 2015 (LBO) – Sri Lanka’s construction giant, Access Engineering is to raise 5.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing.The company has decided to issue 30 million debentures at 100 rupees each with an option, to issue up to a further 20 million debentures in […]
Sri Lanka’s Carson Cumberbatch to purchase Equity One shares
Nov 02, 2015 (LBO) – Sri Lanka’s diversified Carson Cumberbatch on Monday said it intends to make an offer to purchase remaining Equity One ordinary shares at 77.50 rupees per share. Equity One announced today that they are to de-list its ordinary shares from the official list of the Colombo Stock Exchange subject to necessary […]
PTL Watch: Treasury bonds on high demand
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1405 males, 836 females in Sri Lanka reported with HIV by end September
Nov 02, 2015 (LBO) – Sri Lanka has reported 1,405 males and 836 females with HIV by September this year, National AIDS Control programme latest data showed.From them 405 males and 182 females have been reported as AIDS infected, data showed. 2,241 cumulative HIV cases and 587 AIDS cases have been reported at the end of […]
Sri Lanka’s gem industry eyes recovery: OBG report
Nov 02, 2015 (LBO) – Sri Lanka’s gem and jewelry industry will have to strive harder to gain hub status as flat global sales of luxury goods and labour shortages are holding the industry back, a recent research report says. “Traders face a difficult operating environment industry wide, weighed down by the broader economic slump […]
Auditors can be watchdogs, we can be bloodhounds, says SEC Chairman
Nov 02, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission is seeking greater participation of auditors in keeping them informed of corporate malpractices, SEC Chairman Thilak Karunaratne told Lanka Business Online. “If they see anything out of the ordinary happening in a corporate, they could warn us. Let them be the watchdogs, we can […]
‘s maiden international championship
EZY Racing, the first ever Sri Lankan based motor racing team to compete internationally in a FIA accredited Championship were given their very first International Championship in just their second year in International Motor Sports, when their driving prodigy Mike Young secured the FIA Production Cup for 2015 for the Cusco EZY Racing Subaru Team […]
Infrastructure: People should be consulted in future projects, says Min Ranawaka
Nov 02, 2015 (LBO) – Sri Lanka’s future infrastructure development projects should be done in consultation with the people, a Minister said.“We have identified some of the previous mistakes that were done with regard to infrastructure development during the previous regime,” Champika Ranawaka, Minister, Megapolis and Western Province development said. “The first one was that […]
Finance Minister wants lower interest rates, IMF show of support
Nov 02, 2015 (LBO) – Sri Lanka’s Finance Minister has called for lower interest rates in the island and for the IMF to support the island’s development programme.Ravi Karunanayake said an IMF growth forecast of 5-5.5 percent for this year was too low, a media report from London said. He wants the Central Bank to […]