Tag: lbo.lk
Sri Lanka secures USD 500Mn concessional financing from Republic of Korea
In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional loans from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank). Accordingly, the Government of Republic of Korea and Government of Sri Lanka have agreed to sign a […]
World Bank strengthens engagement in Sri Lanka
The World Bank today launched public consultations to update its Systematic Country Diagnostic (SCD) in Sri Lanka. This online platform will enable the Bank to engage with the Sri Lankan public and development partners and seek their views on the most pressing development opportunities and challenges for the country. The SCD is a country-specific report […]
Expedite import procedures,administering vaccines … – President instructs
President Gotabaya Rajapaksa has instructed the relevant officials to expedite both the import procedures and administering COVID-19 vaccines to the public. During a discussion held with the COVID-19 Committee today (07), which meets daily at the Presidential Secretariat, the President emphasized that the maximum number of COVID-19 shots should be given within a short period […]
SLAITO welcomes temporary ban on Indian arrivals
Sri Lanka Association of Inbound Tour Operators (SLAITO) yesterday welcomed the move by Civil Aviation Authority to temporarily halt passengers from India. “India always remains our number one partner, but under the current heightened COVID pandemic situation we have to think about the safety of our nation first,” SLAITO said. “We hope and pray that […]
Dependents of war heroes to receive Cabinet approved benefits from April 27
Steps will be taken to provide Cabinet approved relief to the dependents of war heroes, who got killed or disabled due to terrorist activities with effect from April 2021. The war heroes sacrificed their lives or became disabled to safeguard the freedom and independence of the nation for all communities in the country. Therefore, it […]
UK and Sri Lanka lead on ‘Nitrogen for Climate and Green Recovery’
The British High Commission in Colombo and the Government of Democratic Socialist Republic of Sri Lanka this week held a virtual event “Nitrogen for Climate and Green Recovery”, held on 27 – 29 April 2021, in Colombo. The event launched the #Nitrogen4NetZero initiative, to widen engagement on sustainable nitrogen management in this crucial year for climate action. #Nitrogen4NetZero […]
Opinion:Today’s CFO is the protector of tomorrow’s business resilience
By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial officer (CFO) of the modern-day has many elements to balance across the business. In such a context, strengthening business resilience is a crucial responsibility that a CFO has on his agenda. But has a CFO’s […]
”; Outlook stable
Fitch Ratings has affirmed Sri-Lanka based footwear and tire manufacturer and retailer DSI Samson Group (Private) Limited (DSG) at ‘AA(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect Fitch’s belief that DSG will maintain sufficient liquidity and healthy operating performance in the next one to two years such that its leverage and fixed-charge […]
ComBank raises interest rate on ‘FC Plus’ foreign currency accounts to 4.5-pct per annum
The Commercial Bank of Ceylon has announced a significant increase in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC) account holders, via the Bank’s ‘FC Plus’ account. Individuals who open an FC Plus foreign currency account at Commercial Bank will be eligible to receive an interest rate of 4.5% per annum for […]
Prime Lands Residencies Limited debuts IPO
Prime Lands Residencies Limited the condominium property arm of the of real estate artistry in Sri Lanka, Prime Group, recently debuted its Initial Public Offering (IPO) Proposition. Through the past 25 years of the Prime Group journey, this feat is certainly a remarkable milestone for both the company and the real estate industry of Sri […]
Sri Lanka calls for stronger regional cooperation for building back better from pandemic
Speaking on the theme ‘Building back better from crises through regional cooperation in Asia and the Pacific’ Prime Minister Mahinda Rajapaksa at the inauguration of the 77th Session of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) outlined Sri Lanka’s successful approach in controlling the COVID-19 and called for renewed “South-South” […]
Citizen or Not: Process and concerns of buying property in Sri Lanka as an expat
By Lanka Property Web With the recent changes in the law welcoming expat Sri Lankans to purchase property in the country, LankaPropertyWeb interviewed Attorney at Law Saminda Jayasekara regarding the feasibility of this option and the barriers to overcome in the process. As a local, there are no restrictions on purchasing property in the country. […]