Commercial Bank hosts capacity building programme for Eastern dairy farmers
A capacity building programme conducted by the Commercial Bank of Ceylon recently for dairy farmers of the Kokkadicholai area in the Eastern Province …
Intercompany employees union opposes funding VCs through EPF, ETF
Nov 27, 2015 (LBO) – Sri Lanka’s Inter-company Employees Union on Thursday opposed a budget proposal to create a venture capital structure using EPF and …
Colombo International Financial Centre requires right talent: experts
Nov 27, 2015 (LBO) - Sri Lanka's plans to set up an international financial district bodes well for financial sector development and should be set up with the …
Sampath Bank, winner of ‘Best Corporate Citizen Sustainability Award 2015’
SAMPATH BANK PLC emerged as the winner of the ‘Best Corporate Citizen Sustainability Award 2015’, an annual event organized by the Ceylon Chamber of …
Redress to families of deceased migrant workers
The families of the deceased migrant workers in the Middle East and Russia received compensation on 26thNovember 2015 at an event organized by the Ministry of …
Sunil Handunnetti elected as new COPE Chairman
Nov 26, 2015 (LBO) – Parliamentarian Sunil Handunnetti has been elected as the new Chairman of the Committee on Public Enterprises (COPE), the Marxist JVP …
Sri Lanka stocks close down 0.7-pct: JKH losses
Nov 26, 2015 (LBO) – Sri Lankan stocks closed down at 0.67 percent on Thursday with losses in John Keells Holdings, brokers said. The Colombo benchmark All …
Several IPOs slated for CSE next year
Nov 25, 2015 (LBO) - Sri Lanka can expect three to four new IPOs on the Colombo Stock Exchange by the first quarter of next year, a CSE official told Lanka …
Sri Lanka can play an important role in world growth: British HC
Nov 26, 2015 (LBO) – Sri Lanka as an emerging economy can play a significant part in future world growth by unlocking it's full potential through the …
Colombo Stock Exchange moving ahead with CCP
Nov 26, 2015 (LBO) - The Colombo Stock Exchange is moving ahead with setting up the Central Counter Party institution for secondary market transactions, the …
No tariff increase on utility bills due to VAT revision: Finance Ministry
Nov 26, 2015 (LBO) – Sri Lanka’s water, power, telecom will be exempted from value added tax and the prices of most essential goods will also be reduce …
Budget flawed, no confidence motion against Fin Min: Balasuriya
Nov 26, 2015 (LBO) - Sri Lanka's budget for 2016 proposed by the government is flawed and a no confidence motion will be brought against the finance minister, …
Blanket guarantee for Finance Companies questionable: Theagarajah
Nov 25, 2015 (LBO) – Sri Lanka’s Finance Ministry is to provide a blanket guarantee for finance companies which needs to be reconsidered, Chief Executive …
Interest rates unchanged after monetary policy meeting
Nov 24, 2015 (LBO) - Sri Lanka's Monetary Board held interest rates unchanged after a monthly policy meeting citing low inflation and a lack of necessity to …
How Budget impact Sri Lanka’s real estate sector?
Last week, Sri Lanka’s Finance Minister announced plans to remove the 15 percent land leasing tax for foreign investors, and reduce the approval period for …
Sri Lanka Budget lacks consolidation but reforms positive: Fitch
Nov 24, 2015 (LBO) – Sri Lanka's 2016 budget, released on 20 November, provides no clear plan for fiscal consolidation over the medium term, Fitch Ratings …