Category: Other
CA Sri Lanka joins hands with Malaysian Directors Academy to enhance professional development
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding with the Malaysian Directors Academy (MINDA) in an effort to develop a framework which will facilitate exchange of information, as well as enhance the effectiveness of the Board and it’s Directors. The agreement which was signed by President […]
CML-MTD construction to build over 900 affordable homes
CML-MTD Construction Limited, a subsidiary of MTD Walkers PLC, has been awarded the contract to build over 900 affordable homes by the National Housing Development Authority. The contract awarded includes the design and construction of residential housing units in Panadura, Ragama and Yakkala, which is set to commence on June 2016. The complex will comprise […]
Sri Lanka-Thai FTA expected by middle of next year: Thai Commerce Minister
Hon. Sujeewa Senasinghe, State Minister of International Trade, visited Thailand from 25th to 27th May 2016. The main objective of the visit was to pursue trade and investment opportunities including familiarization with AMATA Corporation’s expertise in establishing industrial parks considering Sri Lanka’s requirement of such facilities. State Minister Senasinghe had meetings with the Thai Ministers […]
General Electric to change globalization strategy, localization key, says CEO
May 31, 2016 (LBO) – Jeffrey Immelt, CEO of General Electric, says the global manufacturer is gearing up for a bold pivot in its globalization strategy. This change is in response to rising protectionist political pressures and distrust of big companies, amid government and global institutions failing to address the world’s challenges. Although innovation has […]
What will 2H 2016 bring for Sri Lanka’s real estate market?
Since the civil war ended seven years ago, Sri Lanka has rapidly become a hotspot for investment among emerging markets. It has become especially popular with those looking to invest in property. Chinese investors are particularly interested in investing in Sri Lanka, as demonstrated by China’s recent involvement in developing the upcoming Colombo Port City. […]
Walkers CML partners for research symposium for transport and logistics
Walkers CML partners with the Sri Lanka Society for Transport and Logistics and the Chartered Institute of Logistics and Transport Sri Lanka for the Research Symposium for Transport and Logistics Industry (R4TLI). To be held on June 3 – 4, 2016, the Research Symposium for Transport and Logistic Industry is an initiative that endeavors to […]
‘s climb
May 31, 2016 (LBO) – Mountaineering duo Jayanthi and Johann have returned to Sri Lanka following their successful expedition to the top of the world, with a heart-stopping story to relate. At just before 5:00am, local time, on 21st of May, 2016, Jayanthi Kuru-Utumpala summited Mt Everest at 29,029 feet. “It was a dream come […]
Japanese PM to delay consumption tax hike; possible no-confidence
May 30, 2016 (LBO) – Japanese Prime Minister Shinzo Abe has met top executives of his Liberal Democratic Party to discuss the proposal to delay the scheduled April 2017 consumption tax hike. Japanese media reported that Vice-President Masahiko Komura, General Council Chairman Toshihiro Nikai, and Policy Research Council Chairman Tomomi Inada were among them. Shinzo […]
London Stock Exchange Group enters into agreement with Sri Lanka’s BOI
The Board of Investment of Sri Lanka signed an agreement with “London Stock Exchange Group” (LSEG) to set up their global business services arm in Sri Lanka. The agreement was signed by Mr. Upul Jayasuriya, Chairman of the BOI of Sri Lanka and Mr. Martin Ryan, LSEG Group Head of Shared Services. Also present were […]
More landslide threat in Sri Lanka, says NBRO
May 30, 2016 (LBO) – Sri Lanka’s National Building Research Organization (NBRO) issued an alert for landslide prone areas on Sunday and asked people to always pay attention to pre-landslide signs. According to the alert, all mountainous areas, man-made cut slopes and roads, especially all the landslide susceptible areas previously identified by NBRO, in the districts […]
Norway State Secretary in Sri Lanka tomorrow
State Secretary of the Ministry of Foreign Affairs of Norway, Tore Hattrem, is scheduled to visit Sri Lanka from 31 May – 2 June 2016. The State Secretary will meet the Minister of Foreign Affairs on 31 May where discussions are expected to take place on follow-up to the visit in January this year of […]
Minister Nimal Siripala de Silva heads Sri Lankan delegation at First World Humanitarian Summit
Minister De Silva, participating at the WHS representing President Maithripala Sirisena, stated that the UN Secretary General Ban Ki Moon’s “Agenda for Humanity” provides a strategic framework to prevent the humanitarian crisis and mitigate the effects. However, he stressed that action to implement the core responsibilities articulated in the WHS, should be aligned with the […]