Category: Other
Developing economies of G-24 call for global action to contain risks
Oct 11, 2018 (LBO) – Concern over rising risks to emerging market economies were center stage this week as global Finance Ministers and Central Bank Governors gathered this week in Bali, Indonesia. Bali hosted both the biannual Ministerial Meeting of the Group of Twenty-Four (G-24) developing countries and the annual meetings of the International Monetary Fund […]
Need for accountants to leap forward takes centre stage at CA Sri Lanka National Conference
As disruption becomes part and parcel in today’s continuously evolving world, the increasing need for Chartered Accountants to boldly leap forward, if they are to thrive in the professional realm was highlighted at the recently concluded 39th National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). […]
MillenniumIT announces transition of organisation’s name to LSEG Technology
MillenniumIT, a part of London Stock Exchange Group (LSEG) today announced the transition of the organisation’s name to LSEG Technology. As a leading global financial technology provider, LSEG Technology is committed to offering world-class solutions through its array of products to a portfolio of financial market customers around the world. Nigel Cairns, General Manager of […]
US Embassy launches cultural heritage preservation project in Jaffna
Oct 10, 2018 (LBO) – US Embassy recently launched a two-year project to preserve pre-historic artifacts in the collection of the University of Jaffna. The funding is provided by the US Department of State under the Ambassadors Fund for Cultural Preservation (AFCP) and totals more than 23 million Sri Lankan rupees ($140,000). Chargé d’affaires Robert Hilton […]
‘s UN Ambassador, speculation she will challenge him for the Presidency
October 9, 2018 (LBO) – United States Ambassador to the United Nations Nikki Haley has resigned according to media reports. Haley (46) is a high profile American political leader of Indian descent. Haley was the Governor of southern state South Carolina before she resigned to take up the position of US Ambassador to the UN. […]
” rating; outlook stable
Fitch Ratings Lanka Limited has assigned Dialog Finance PLC (DF) a National Long-Term Rating of ‘AA(lka)’. The Outlook is Stable. KEY RATING DRIVERS NATIONAL RATINGS DF’s rating reflects Fitch’s view that support would be forthcoming from Dialog Axiata PLC (Dialog), the largest mobile-telecommunication and pay-TV operator in Sri Lanka. The assessment is based on Dialog’s 98.9% […]
IMF cuts global growth forecast to 3.7-pct for 2018, 2019
Oct 09, 2018 (LBO) – International Monetary Fund has reduced its outlook for global GDP growth by 0.2 percentage points to 3.7 percent for 2018 and 2019, according to the quarterly World Economic Outlook Report issued on Monday. Rising trade tensions and debt levels in economies has prompted the International Monetary Fund to cut its […]
Indian automobile manufacturers meet CMTA; 70% of new vehicles from India
A twenty-member delegation from the Society of Indian Automobile Manufacturers’ (SIAM) held a very fruitful and cordial meeting with The Ceylon Motor Traders’ Association (CMTA) last week. SIAM is the apex Industry body representing leading vehicle and vehicular engine manufacturers in India while the CMTA represents the manufacturers of the global brands of automobiles and […]
Palm Oil industry rejects vilification of crop as “baseless and unscientific”
Oct 08, 2018 (LBO) – The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely unjustifiable, given that the extent of land under oil palm is just 1.1 per cent of the extent under traditional crops – tea, rubber and coconut, an industry body […]
‘s exports to South Asia Region: WB
Oct 08, 2018 (LBO) – If trade barriers are overcome, trade within South Asia can increase three-fold, from 23 billion US dollars to 67 billion US dollars, suggests a World Bank report. “Sri Lanka has the potential to more than double its exports to South Asia,” the new ‘A Glass Half Full: The Promise of […]
Subsidiary of Ambeon Holdings, Dankotuwa Porcelain re-introduces Laklain locally
Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware, recently re-introduced its value-for-money heritage brand Laklain to the local market. Now available with several new offerings that feature a similar high-quality standard to the more upmarket Dankotuwa Porcelain brand, Laklain is marketed at a more affordable price point with easy customer accessibility. Laklain […]
Former AG and Constitutional Council member Shibly Aziz no more
October 8, 2018 (LBO) – President’s Counsel Shibly Aziz has passed away. Sections of his biography from Wikipedia reproduced below: Mohamed Shibly Aziz is a well-known and eminent President’s Counsel in Sri Lanka who has contributed extensively to the development of the legal system in the country from on or about 1968. He is the […]