Sri Lankan IT-BPM delegation visits Sydney for market expansion
In collaboration with the Consulate General of Sri Lanka in Sydney, seven IT-BPM companies led by Information and Communication Technology Agency (ICTA) …
Industry
Sri Lanka’s Aitken Spence commences 150 years celebrations
Aitken Spence inaugurated its 150th Anniversary Celebrations with a religious blessings ceremony that commenced on Friday, 30th November. The ceremony was held …
Dialog & Ideamart launch NB-IoT Development Board to accelerate innovations
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Ideamart, a platform for developers and content providers, announced the production of a …
Fitch withdraws Sri Lankan Insurers’ National Long-Term Ratings
Nov 30, 2018 (LBO) – Fitch Ratings has affirmed and simultaneously withdrawn the National Long-Term Ratings of all rated Sri Lankan insurers as the ratings …
Sri Lanka BOI ink deal for USD29Mn Braybrooke Residential Towers
Nov 30, 2018 (LBO) – Sri Lanka’s state investment agency, the Board of Investment signed an agreement with Braybrooke Residential Towers (Pvt) Ltd …
Sri Lanka Insurance gets new Chief and board
Nov 30, 2018 (LBO) – A new Chairman and board of Directors has been appointed to the Sri Lanka Insurance corporation with effect form 29 November 2018. …
Xiaomi officially enters the Sri Lanka market
Nov 30, 2018 (LBO) – New and innovative Chinese smartphone Xiaomi today announced its official entry into the Sri Lankan market to strengthen its …
Sri Lanka to construct 60MW wind and 150MW solar power plants
Nov 29, 2018 (LBO) – Sri Lanka’s cabinet of ministers has approved the procurement process for a policy framework for the construction of solar and …
Ceylinco Life appoints eminent banker Jegan Durairatnam to its Board
Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of career banker Jegan Durairatnam to its Board as an Independent Non-Executive …
Luxury vessel Mein Schif 3 calls Colombo Port with 2,430 passengers
Nov 27, 2018 (LBO) – Super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the …
Multi-Lingual Websites – What’s in it for your business?
We live in a time where borders and concepts of division are viewed in a negative light and inclusivity, diversity and acceptance are becoming more and more …
Non Executive Directors appointed to Bank of Ceylon Board
Nov 27, 2018 (LBO) – Bank of Ceylon said in a stock exchange filing that the Finance Minister has appointed new Non-Executive Directors to the Board of Bank …
New Chairperson of People’s Bank, Sujatha Cooray assumes duties
The newly appointed Chairperson of People’s Bank, Sujatha Cooray, a senior public servant, assumed duties at the Head office of People’s Bank on November …
Aitken Spence wins Best Corporate Citizen Sustainability Award 2018
Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2018’ an annual event organized by the Ceylon Chamber of Commerce, to …
Sri Lanka’s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) – Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1.2 billion rupees through a mix of shareholder …
Entrepreneurs in Jaffna? Take a look in Ammachi!
By Jekhan Aruliah Soon after I moved to Jaffna in 2015 I heard rumours of this fantastic food court run by war widows. Friends driving North from Colombo said …
“Swimming upstream in politics for the betterment of Sri Lanka” : President
Nov 26, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says that he is swimming upstream in politics for the betterment of the future of …
Sri Lanka rupee hits new low of Rs.180: Stocks down 0.34-pct
Nov 23, 2018 (LBO) – The Sri Lanka rupee dropped to a low of 180.66 against the US dollar following a political crisis, which began a month earlier in …
Sri Lanka to host conference of Asia-Pacific Depositories & Clearing organizations
Nov 23, 2018 (LBO) – Central Depository Systems, a fully owned subsidiary of the Colombo Stock Exchange, will host the 22nd Annual General Meeting of the …
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, …