Tag: lbo.lk
Licencing , regulation and supervision of companies carrying on Micro finance Business
(PRESS RELEASE) – The Microfinance Act, No. 6 of 2016 was enacted with the objective of providing a regulatory framework to cover microfinance institutions that are not regulated at present. The purpose of the Act is to improve the delivery of financial services to low income persons and micro enterprises, increase financial inclusion, strengthen the […]
Asia stocks edge up on U.S. growth data cues; dollar steady
HONG KONG, Nov 30 (Reuters) – Asian stocks edged higher on Wednesday reflecting upbeat U.S. growth news while oil steadied after a sharp drop overnight as OPEC struggled to agree on a glut-draining production cut. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trades. It is poised to post […]
Sri Lankan rupee edges down on importer dollar demand; stx up
COLOMBO, Nov 29 (Reuters) – The Sri Lankan rupee traded marginally weaker on Tuesday, hurt by dollar demand from importers amid fears that economic policies of U.S. President-elect Donald Trump may lead to a rise in the greenback and trigger foreign fund outflows. The market shrugged off the central bank’s key monetary policy decision on […]
Sanjay Tiwari new President of the The Sri Lanka Ceramics and Glass Council
(PRESS RELEASE) – Mr. Sanjay Tiwari, Managing Director & CEO,of Piramal Glass Ceylon PLC was elected as the new President of the Sri Lanka Ceramics and Glass Council at its 3th AGM held recently at the Cinnamon Grand Hotel, Colombo. Tiwari who took over Mr. Mahendra Jayasekera, CEO, Lanka Walltiles PLC is the 4th […]
‘s Comm Bank opens money transfer from Italy
Nov 28, 2016 (LBO) – Commex Sri Lanka, a fully-owned subsidiary of Commercial Bank of Ceylon, has inaugurated its money transfer operation in Italy, following the grant of a money transfer licence from the Bank of Italy. The bank said Commex Sri Lanka of Via Giacomo Leopardi, Rome, incorporated and registered in Italy under the […]
Dollar steadies with bonds, oil anxious about OPEC
SYDNEY, Nov 29 (Reuters) – The U.S. dollar took a breather on Tuesday as global bonds steadied from their recent rout, while equities flatlined as political risk resurfaced in Europe ahead of a referendum in Italy this weekend. Oil prices remained jittery in the countdown to Wednesday’s OPEC meeting but industrial commodities continued to benefit […]
Sri Lankan rupee falls on importer dollar demand; stx flat
COLOMBO, Nov 28 (Reuters) – The Sri Lankan rupee edged down on Monday, hurt by demand for dollar from importers on fears that economic policies of U.S. President-elect Donald Trump may lead to a rise in the greenback and trigger foreign fund outflows. Dealers said foreign investors might pull out of emerging markets, including Sri […]
Anthony Shanil Fernando appointed to the CSE Board
(PRESS RELEASE) – The Colombo Stock Exchange (CSE) announces the appointment of Mr. Anthony M. Shanil Fernando as a Director of the CSE Board. Mr. Fernando, Attorney-at-Law, Solicitor, MBA, is a Senior Partner at Anton Fernando Associates Law firm. He is also the Chairman of AFA Corporate Services Limited and the Director of World Express […]
Chartered accountants to adopt new code to combat crimes
Nov 25, 2016 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has decided to adopt the “Responding to Non Compliance with Laws and Regulations” (NOCLAR) standard with effect from 15th July 2017 to ensure Sri Lanka is in line with the latest international ethics standards. It sets out a first-of-its-kind […]
CSE to halt for one hour for disaster recovery test
Nov 24, 2016 (LBO) – The Colombo Stock Exchange (CSE) will be conducting a planned failover to the Disaster Recovery site during trading hours using Version 7 of the Automated Trading System (ATS) Disaster Recovery Solution on Friday 25th November 2016. The CSE is required to impose a market halt of approximately one (1) hour from […]
Sri Lanka to explore and assess gem deposits
Nov 24, 2016 (LBO) – Sri Lanka’s cabinet has decided to implement a project to explore and assess gem deposits in Sri Lanka within 2017 and 2021, a statement said. “It has been assessed that gem deposits are spread in around 70 percent of land in Sri Lanka but only 10 percent of them are used […]
USAID to support Sri Lankan Parliament to strengthen democratic governance
Nov 24, 2016 (LBO) – The United States Agency for International Development (USAID) launched a 1.92 billion rupee (USD13 million) partnership with the Parliament of Sri Lanka to strengthen accountability and democratic governance in Sri Lanka. “This project broadens our support to the independent commissions, ministries, and provincial and local levels of government,” Andrew Sisson, […]