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Macquarie staff in German tax scam probe

Australian Associated Press – Macquarie’s chief executive and her predecessor are among 60 present and former staff to be named as suspects by German authorities, the Australian bank said, as Germany’s biggest post-war fraud probe into sham trades unfolded. Macquarie says prosecutors would likely want to interview Macquarie’s former chief executive Nicholas Moore and Shemara…

(0)Comments | January 24, 2020 4:35 pm

Fitch Rtgs: Coronavirus’ Severity Will Frame Effect on Corps, Sovereigns

The scale of the current Wuhan coronavirus outbreak would have to increase substantially to have a significant impact on credit ratings, says Fitch Ratings. However, under such a scenario, Fitch would expect global corporates exposed to travel and tourism to be most at risk of being affected. On the whole, Asia-Pacific sovereigns have substantial financial…

(0)Comments | January 24, 2020 1:45 pm

SriLankan Airlines takes action with regard to Coronavirus outbreak

SriLankan Airlines has implemented a series of precautionary measures to mitigate the risks from the current coronavirus epidemic in the Far East, with the safety and well-being of its valued passengers and staff being of paramount importance. SriLankan’s cabin crew and other relevant staff have been briefed on actions to be taken on board and…

(0)Comments | January 24, 2020 1:26 pm

Chinese company Travelzen to process visas for Chinese tourists visiting Sri Lanka

The Department of Immigration and Emigration has been using the Electronic Travel Authorization System for pre-screening and granting of approval for foreign visitors to visit Sri Lanka since the year 2012. Even though Sri Lanka is a more attractive country for Chinese tourists, it has been observed that the tourists from China who visit Sri…

(0)Comments | January 24, 2020 12:49 pm

UN backed groundbreaking Sri Lanka industry diagnostic initiative rolled-out in Colombo

A high level team from United Nations Industrial Development Organization (UNIDO), Vienna joined by no less than the UN Resident Coordinator Sri Lanka launched the next phase of Sri Lanka industry revolution on 24 January in Colombo. An upbeat UNIDO said that it is impressed by the feedback received by Sri Lankan industries for its…

(0)Comments | January 24, 2020 12:43 pm

Sri Lanka state universities open doors for international students

Even though legal provisions are in existence to admit 4.5% of foreign students out of the total number of students expected to be admitted annually to the State Universities Undergraduate Degree Programmes, it has been found that only a limited number of foreign students get registered to study in the Universities of this country. Considering…

(0)Comments | January 24, 2020 12:38 pm

SLTPB shows it’s potential at CMT 2020 Germany

Sri Lanka was able to create a positive image on the minds of those who visited the Sri Lanka stall at the CMT 2020 Germany, which was held from 11th to 19th January 2020 in Landesmesse in Stuttgart.  CMT being the largest Consumer fair in Germany, has been identified as the best international platform for…

(0)Comments | January 24, 2020 11:58 am

Sri Lanka Telecom welcomes new Directors to the Board

Sri Lanka Telecom PLC has announced the appointment of Lalith Seneviratne, Mohan Weerakoon, A K Seneviratne and Ranjith Rubasinghe to its board of directors with effect from 23rd January 2020. Lalith Seneviratne and Mohan Weerakoon PC will serve in the capacity of Independent Non-Executive Directors while A K Seneviratne and Ranjith Rubasinghe will work in…

(0)Comments | January 24, 2020 11:32 am

Low inflation allows space for fiscal and monetary stimulus to boost economy- CBSL Chief

The current low inflation environment and muted inflation pressures have created some space for fiscal as well as monetary stimulus to boost dampened economic activity, Governor of the Central Bank of Sri Lanka, Professor W D Lakshman said. “The Low level of inflation contributes to maintain a stable political condition in the country and the…

(0)Comments | January 24, 2020 11:00 am

All Govt. digital technology services and projects under ICTA supervision & management

Defense Secretary Maj. Gen. Kamal Gunarathne said that the government has decided to implement all digital technology services and technology projects under the supervision and management of the ICT Agency. He made this comment Wednesday (22) at the Sri Lanka Information and Communication Technology Agency (ICTA) while addressing the staff said. Speaking further Mr. Kamal…

(0)Comments | January 23, 2020 4:33 pm