Category: Other
‘s subordinate debentures A+(lka)(EXP)
Fitch Ratings has assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Negative) proposed subordinated debentures of up to LKR7bn an expected National Long-Term Rating of ‘A+(lka)(EXP)’. The proposed debentures, which will have tenors of five and seven years and carry fixed coupons, will be listed on the Colombo Stock Exchange. DFCC expects to use the proceeds to strengthen […]
JAT Holdings, sponsors 4th Sri Lanka Wood International Expo 2016
(PRESS RELEASE) – JAT Holdings sponsored the recent 4th edition of the Sri Lanka Wood International Expo 2016 exhibition which culminated with great success at the BMICH in Colombo. Managing Director of JAT Holdings, Mr. Aelian Gunawardene said, “It gave us great pleasure to present this well-attended exhibition which afforded the excellent opportunity for players […]
‘s
Distinguished guests, ladies and gentlemen, Good morning to you all. I consider it a great pleasure and honor to speak to such a distinguished audience, at this national conference on Public-Private Partnerships (PPPs). It has become evident that an important trend in economic and social development is taking place in countries around the world. The […]
Clinton, Trump clash over race and economy in first debate
HEMPSTEAD, N.Y., Sept 26 (Reuters) – Democrat Hillary Clinton accused Republican Donald Trump on Monday of having a long history of racist behavior during a heated presidential debate that could reshape the 2016 campaign for the White House. Clinton and Trump interrupted each other throughout the debate on topics ranging from foreign policy to the […]
Infrastructure: Friction free inter-agency cooperation key, says PUCSL DG
Sep 26, 2016 (LBO) – Sri Lanka needs mechanisms and skills to manage multiple agency involvement in order to ensure the proper and timely implementation of its planned mega infrastructure projects, a senior official said. “There is multiple agency involvement in managing infrastructure projects. We have implementation agencies involvement like land, environment, regulatory and local […]
Dubai hotel chief among speakers at Asia Hotel Conference
Sept 26, 2016 (LBO) – The Chairman of the World Travel and Tourism Council, Gerald Lawless, will share his knowledge of building Dubai as a destination, as well as one of the world’s best-known luxury brands, Jumeirah Group, when he addresses the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo in November. The […]
Uber introduces ‘Schedule a Ride’ in Sri Lanka
Sep 23, 2016 (LBO) – Uber, a global ride sharing company, will allow customers the convenience of scheduling a ride up to 30 days in advance with a ‘Schedule a Ride’ feature for its riders in Colombo, launched today. “Uber’s objective to offer accessible and reliable rides goes a notch further with the introduction of […]
”t be fixed by monetary policy: UBS Chairman
Sept 23, 2016 (LBO) – The European Central Bank should recognize that Europe’s needs cannot be solved by monetary policy, according to UBS Chairman Axel Weber. Weber, a member of the European Central Bank Governing Council from 2004 to 2011, says monetary policy is only effective as an “interim solution or an intermediate solution.” “What […]
‘s Lagarde announces specific actions on women’s economic empowerment
Christine Lagarde, Managing Director of the International Monetary Fund, issued the following statement today at the conclusion of her participation in a United Nations High-Level Panel on “Women Economic Empowerment” on the sidelines of the UN General Assembly: “It is a great pleasure to participate in the official launch of the commitments and work of […]
IFAC appoints Arjuna Herath of CA Sri Lanka as Chair of PAO Development
Following a rigorous nominations process, the International Federation of Accountants (IFAC) today announced the appointments of three outstanding members of the global accountancy profession to lead important committees supporting the profession across the world: Monica Foerster as Chair of the Small and Medium Practices (SMP) Committee; Arjuna Herath as Chair of the Professional Accountancy Organization […]
Supreme Court says NBT amendment consistent with constitution
Sept 22, 2016 (LBO) – Sri Lanka’s Speaker of Parliament informing the Supreme Court determination today said the Nation Building Tax amendment bill is not inconsistent with the constitution. A public interest litigant activist filed a petition in the Supreme Court challenging the Nation Building Tax bill charging that it imposes retrospective tax liability. The […]
President meets Obama, John Kerry and Ban Ki-moon at UNGA
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