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Sri Lanka Association of Inbound Tour Operators gets a new president
Devindre Senaratne, the Managing Director of JourneyScapes Private Limited as elected as the President of the Sri Lanka Association of Inbound Tour Operators (SLAITO) at the 35th Annual General Meeting of the Association, which was held recently at the Coco Royal Beach Resort, Waskaduwa. In the meantime, Mr. Harith Perera, Managing Director of Diethelm Travel […]
Debt report: Sri Lanka market watchful after IMF comments
Sept 21, 2015 (LBO) – Sri Lanka’s debt market was watchful on Monday after International Monetary Fund remarks that the central bank could adopt a tightening bias. The bond market cramped up with thin trading, dealers said, as secondary yields of five year bonds ticked up slightly by 5 basis points. On Friday, the IMF […]
Sri Lanka’s LOLC Finance to get a new CEO
Sep 21, 2015 (LBO) – Sri Lanka’s LOLC finance, a subsidy of Lanka Orix Leasing Company appointed Ashan Nissanka as its chief executive, the company said in a stock exchange filing.He will be taking the new office from 15th October this year.Nissanka has a masters degree from Edith Cowan University, Australia and is a member […]
German Foreign Minister in Sri Lanka tomorrow
Sep 21, 2015 (LBO) – Germany’s Federal Minister for Foreign Affairs Frank-Walter Steinmeier is to arrive in Sri Lanka on Tuesday for an official visit, the foreign ministry said.During his visit the German Foreign Minister is to meet with the Sri Lankan President, Prime Minister, and the Opposition leader.He is also expected to travel to […]
Sri Lanka must consider environmental impact with future energy mix: CEB
Sep 21, 2015 (LBO) – Sri Lanka needs to be aware of and concerned about the dangers of the environmental impact when developing its future electricity generation plans, a recent CEB report shows.“Green House Gas emissions in Sri Lanka from fuel combustion, both in absolute as well as in per capita terms are low even […]
Asian markets lower on Fed intransigence, Tsipras wins Greece election
Sept 21, 2015 (LBO) – Asian shares fell on Monday following weaker U.S. markets on Friday after the U.S. held interest rates unchanged citing global growth concerns. The Australian ASX 200 has plunged 2.5 percent, Shanghai is down 0.59 percent and the Hang Seng is 1.33 percent lower. This follows a fall in U.S. markets […]
OPEC more bullish on oil prices, says report
Sept 21, 2015 (LBO) – OPEC is more bullish on oil prices and expects 80 dollars a barrel by 2020 with a fall in production elsewhere, according to a media report. Some analysts have predicted 20 dollars a barrel in the short term, but OPEC expects a fall in U.S. production tied to low prices, […]
IMF says Sri Lanka monetary policy appropriate, aim for tightening bias
Sept 20, 2015 (LBO) – The International Monetary Fund believes Sri Lanka’s current monetary policy stance to be appropriate and the central bank should look to tighten monetary policy in the future, it said in a statement.“The mission found the overall financial system stable and current monetary stance appropriate – but recommended vigilance given rising […]
A Nostalgic Moment for LAUGFS
LAUGFS recently celebrated its 20th anniversary by taking a journey back to its cultural roots, in the historic city of Anuradhapura. Over 500 employees from across all LAUGFS companies joined together with the Group Chairman, Mr. W. K. H. Wegapitiya and Group Managing Director, Mr. Thilak De Silva in gratitude for LAUGFS’s remarkable achievements on […]
Expert view: Sri Lanka needs a global economic strategy, says Razeen Sally
A NEW GLOBAL ECONOMIC STRATEGY FOR SRI LANKA Razeen Sally Sri Lanka desperately needs a new global economic strategy, and that is what the government has promised. But this is not just about dry economics: it must be part of a broader strategy for national renewal. Sri Lanka needs a decisive shift to markets and […]
Leading to clean country
President participates Coastal Clean-up Day celebrations The national ceremony to mark International Coastal Clean-up Day which falls on the 3rd Saturday of September, was held under the patronage of President Maithripala Sirisena today (Sep. 19) at the Galle Face Beach. Coastal Cleanup Day is dedicated to the improvement of beaches, coastal regions and surrounding areas […]
Asiri Hospital to sell shares to Actis Investment, up stake in Central Hospital
Sep 19, 2015 (LBO) – Asiri Hospital Holdings will sell new shares to Actis Investment Holdings, a private equity firm, for 845.7 million rupees, the company said in a statement. The funds will be used to raise its stake in Central Hospital from 68 percent to 99.7 percent, the company said in a stock exchange […]