Tag: lbo.lk
Port City Colombo undertakes coral reef conservation amid environmental challenges
Port City Colombo, which extends from the Central Business District of Colombo, showcases a profound commitment to environmental preservation through the development of extensive coastal and marine habitats. A significant testament to this is a flourishing coral reef along the city’s 3.7km-long artificial breakwater. This thriving reef forms part of a wider reef conservation initiative […]
CMTA raises concerns about disparities in import regulations and policies
The Ceylon Motor Traders Association (CMTA), one of the longest standing automotive associations in South Asia, has recently raised concerns regarding the fairness of current import regulations, shedding light on the importation of extravagant items such as televisions and mobile phones, while essential necessities such as a motorcycle remains restricted. The CMTA emphasizes the need […]
“Top50” Professional and Career Women Awards 2023 spotlights inspiring women
The highly anticipated “Top50” Professional and Career Women Awards 2023, organized by Women in Management (WIM) in partnership with Women in Work, a collaboration between the International Finance Corporation (IFC) and the Government of Australia, successfully concluded, honouring exceptional women from Sri Lanka and the Maldives who have made remarkable contributions to their respective fields. […]
Role of alternative financing mechanisms to address Sri Lanka’s debt overhang
By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, is to enter into an IMF supported stabilisation and structural adjustment programme. Sri Lanka has been a country that has followed this trend repetitively, having entered into 16 economic stabilisation programmes during 1965-2020, […]
BNI National Conference in Colombo honors members at awards ceremony
BNI Sri Lanka – the local branch of the world’s largest referral networking organisation, BNI (Business Network International) – is celebrating the success of its first ever large- scale event in the country. The National Conference titled “Building a global Sri Lanka. Networking the way forward,” was headlined by Founder & Chief Visionary Officer of […]
Advantis extends welcome to Cordelia Cruises in Jaffna: First cruise liner to call on Port of KKS
The MS Empress, the first luxury vessel from Cordelia Cruises to Sri Lanka, was welcomed at the Kankesanturai Port (KKS), Jaffna, ushering in a new era of maritime travel and tourism for the Northern region. As the luxury cruise liner made its inaugural voyage to Jaffna, Minister of Ports, Shipping and Aviation Nimal Siripala De […]
Dairy Association holds AGM: Call on fostering agreements, aligning goals, and mobilising industry
The fourth Annual General Meeting of the All Island Dairy Association (AIDA) was recently held at the Ceylon Chamber of Commerce premises in Colombo. The AIDA which is affiliated with the Ceylon Chamber of Commerce, and plays a pivotal role in representing the local dairy industry by fostering agreements, aligning goals, and mobilising the industry. […]
CFA Society Sri Lanka Capital Market Awards prompt greater assurance from unit trust funds
As the 10th annual CFA Society Sri Lanka Capital Market Awards scheduled for 21 June 2023draws closer, the Society takes the opportunity to revisit the award winners from last year, as part of its efforts to recognise and reward professionals who have established benchmarks for the advancement of domestic capital market participants. The Best Unit […]
Sri Lanka PM Dinesh Gunawardena concludes successful visit to Thailand
Prime Minister Dinesh Gunawardena of Sri Lanka concluded a three day successful official visit to the Kingdom of Thailand from 31 May – 02 June 2023, at the invitation of the Rector of Mahachulalongkornrajavidyalaya University, Secretary General of International Council for the Day of Vesak (ICDV) and Executive Secretary of International Association of Buddhist Universities, […]
Eran submits VAT amendment bill to restore Parliamentary powers on public finance
Opposition MP Eran Wickramaratne submitted a private members Bill to amend the Value Added Tax (VAT) Act, No 14 of 2002 to transfer the powers vested in the Minister of Finance to Parliament, Friday. The new bill proposes that any order made by the Minister of Finance shall come into force only upon the approval […]
”; Outlook negative
Fitch Ratings has upgraded Sri Lanka-based Kotagala Plantations PLC’s National Long-Term Rating to ‘B+(lka)’, from ‘RD(lka)’. The Outlook is Negative. Fitch has simultaneously upgraded the National Long-Term Rating of Kotagala’s outstanding senior unsecured debentures to ‘B+(lka)’, from ‘C(lka)’. The upgrade reflects the completion of Kotagala’s debt restructuring process in May 2023. The Negative Outlook considers […]
From pollution to solution: Exploring SL’s waste issue World Environment Day 2023
It is 2023, and the world is at the mid-way point to 2030. Yet, the world’s progress on delivering Sustainable Development Goals (SDGs) are moderately to severely off track. The SDG Progress Report’s Special Edition from May 2023 outlines that the SDGs are disappearing in the rear-view mirror – and with them the hope and […]