Category: Other
UNDP innovates to meet growing aspirations in Asia and the Pacific
(PRESS RELEASE) – The UN Development Programme (UNDP) has leveraged low-cost innovations, knowledge exchanges between countries in the region, and emerging technologies, to provide new opportunities to some of the most marginalized communities in the Asia-Pacific region, says its 2015-16 Results Report. In breaking from traditional development models, and in trying to ensure that ‘no […]
CA Sri Lanka confers ACA designation to 318 new Chartered Accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently conferred the distinguished Associate Chartered Accountants (ACA) designation to 318 new chartered accountants at its 2016 Annual Convocation. The convention was held under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings and Mr. Lasantha Wickremasinghe, President of CA Sri Lanka […]
Socio-economic development key for NAM countries: Samarasinghe
Sep 19, 2016 (LBO) – Socio-economic development should be at the top on the agenda for Non-Aligned Movement (NAM) countries, Mahinda Samarasinghe, minister and special envoy of President Maithripala Sirisena, said at the 17th NAM Summit. Education and greater access for women are also important issues that need to taken up, he said. “Socio-economic development […]
Australian women’s team in Sri Lanka for first cricket series
The Australian women’s cricket team the Southern Stars have arrived in Colombo for the first ever women’s cricket series between Australia and Sri Lanka. The world’s number one team in all formats of cricket, the Stars are in Sri Lanka for a four-match one-day series and a T20 match in September. Welcoming the Southern Stars […]
Sri Lanka’s Ambassador to North Korea presents credentials
Dr. Karunasena Kodituwakku, Ambassador for Sri Lanka to the Democratic Republic of Sri Lanka, with residence in Beijing presented his Credentials to the President of Presidium Kin Young Nam on 24th August at Mansadae Assembly Hall, in Pyongyang in North Korea. President of Presidium and Sri Lankan Ambassador discussed matters regarding friendly relations between Sri […]
‘s subordinated debt A(lka)(EXP)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. NTB plans to use the proceeds to […]
Sri Lanka medicine regulator says Russian cancer drug safe
Sept 15, 2016 (LBO) – Sri Lanka’s National Medicines Regulatory Authority says the Russian breast cancer drug registered under their authority is in line with guidelines. The authority said they always follow the due process for registration of pharmaceutical products and “biosimilars.” Biosimilar is a biopharmaceutical drug designed to have active properties similar to one […]
Sri Lanka tea sees fair demand at auction
Sep 15, 2016 (LBO) – Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers said. “Low Growns totalling 2.7M/Kgs in Leafy/Tippy catalogues met with good demand,” Forbes and Walker Tea Brokers said in a report. “In the Leafy catalogue OP/OPA’ s gained Rs.10-15/- per […]
CA Sri Lanka’s Annual Convocation Thursday
(PRESS RELEASE) – The Annual Convocation of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which is the most anticipated event in the institute’s academic calendar, will be held on Thursday, 15th September 2015 under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings, who will be the Chief Guest […]
China’s strategic Silk Route region in direct opening to Sri Lanka
(PRESS RELEASE) – Sri Lanka-China historic relations appear to be dating back way earlier than currently believed, according to revelations by a top Chinese official-and strategic frontier province in China’s 21st Century Maritime Silk Route plan calls to expand trade and friendly cooperation with Sri Lanka – almost on its own. “I believe that with […]
CA Sri Lanka evaluates pros & cons of ETCA for Chartered Accountants
In its capacity as the national body of accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently engaged its stakeholders by conducting a forum exclusively for the benefit of its members focusing on the Economic and Technology Co-Operation Agreement (ETCA) between India and Sri Lanka. The forum was organised in an […]
Logistics Int. expands container terminal operations with new depot facility
Logistics International, the inland container depot of Hayleys Advantis, commissioneda purpose built 3,500TEU inland container depot spread across 5.5 acres in Sedawatte, Colombo, recently. With a 6 acre, 3,000 TEU depot already in operation in Welisara, this move more than doubles the company’s overall container handling capacity. “We are excited to dedicate the Sedawatte Container […]