Category: Other
Ex-Sampath Bankers Club launches web & social media accounts
Ex Sampath Bankers Club which was inaugurated in January this year took another step forward by launching its website, and its Facebook, Twitter, Linkedin and YouTube accounts, at a simple ceremony held recently at the BRC Lounge in the presence of Ms. Hiranthi de Silva, the President, the members of the Council and some members […]
South Korea introduces new points system to recruit workers from Sri Lanka
May 10, 2016 (LBO) – The Human Resources Development Services of Korea has introduced a new point based system to recruit workers from Sri Lanka and other countries, The Korean Embassy said. Current system allows only passers of Korean language examination (EPS-TOPIK) constitute valid roster, which has not contained various elements of the person, for […]
How does our media cover tragedy? open letter to Sri Lankan media
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International Waters Conference in Sri Lanka to attract 250 foreign delegates
The 8th Global Environment Facility (GEF) Biennial International Waters Conference (IWC) will be held in Sri Lanka from the 9th to 13th May 2016 with representatives from over 80 countries.. The week-long conference themed Scaling Up Investments from Source to Sea in the Context of Achieving the SDGs, is jointly organized by the GEF, the […]
London swears in first Muslim Mayor
May 09, 2016 (LBO) – The United Kingdoms Labour party candidate Sadiq Khan was sworn in as London’s first Muslim mayor last weekend. Having won 1,310,143 votes, Khan received the largest personal mandate of any politician in UK history. New mayor Khan said he will “put London first” as he looked to move on from the […]
‘s subordinated debt BBB+(lka)(EXP)
Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed Basel II-compliant subordinated debenture issue of up to LKR5bn a National Long-Term Rating of ‘BBB+(lka)(EXP)’. The debentures will have tenors of five and seven years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange and the bank plans […]
Sri Lanka wants LNG-driven power, to shift away from coal: Govt official
May 06, 2016 (LBO) – Sri Lanka wants more power generation from Liquefied Natural Gas (LNG), because natural gas is attractively priced in international markets, and will rely less on coal, a government official said. “It is a very compelling case to start gasifying Sri Lanka using, initially, imported LNG, and then at some point […]
Inland Revenue Act to be redrafted with international standards
May 05, 2016 (LBO) – The Cabinet of Ministers have approved a proposal made by Finance Minister Ravi Karunanayake to instruct the Legal Draftsman to redraft the Inland Revenue Act according to international standards improving clarity and transparency. The Inland Revenue Act No 10 of 2016 provides legal provisions to impose income tax in Sri […]
CSE, CFA rings opening bell to support ‘Putting Investors First Month’
The Colombo Stock Exchange (CSE) and the CFA Society Sri Lanka jointly held a special market opening ceremony yesterday in support of the “Putting Investors First Month” campaign, as a to call attention to the needs and rights of investors. The Putting Investors First Month is a month-long global initiative focused on promoting the needs […]
‘s Central Bank appoints new Assistant Governors
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S. Korea asks Sri Lankan returnee workers to claim insurance benefits
The Employment Permit System Centre of the Human Resources Development Service of Korea (EPS Centre of HRD Korea) in Sri Lanka filed claims for returnee workers who previously worked in South Korea and were not compensated for their Return Cost (Air Ticket) Insurance and Departure Guarantee Insurance. The Return Cost Insurance should be obtained by […]
Slogal Energy buys stake in Laugfs Gas Bangladesh for USD9.2mn
May 04, 2016 (LBO) – A fully owned subsidiary of Laugfs Gas Plc, Slogal Energy DMCC, incorporated in Dubai has acquired 31 percent of the total issued shares in Laugfs Gas Bangladesh for 9.2 million US dollars. Laugfs Gas Plc said in a stock exchange filing that they own the balance 69 percent shareholding of […]