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Sri Lanka’s Janashakthi Insurance appoints Husein Esufally as Chairman
Apr 08, 2016 (LBO) – Sri Lanka’s Janashakthi Insurance announced the appointment of Husein Esufally, as the new Chairman of its Board, following the retirement of W. T. Ellawala, a statemet said. Esufally, prior to the appointment, held the position of Deputy Chairman of the Board of Janashakthi Insurance and its subsidiary Janashakthi General Insurance. […]
Public sector, access to services being transformed, says Sri Lanka ICTA official
Apr 08, 2016 (LBO) – Sri Lanka’s Information and Communication Technology Agency (ICTA) is deploying a wide range of initiatives to modernize the island’s laggard public sector and improve access to government services, an official said. Technology is being enhanced, from local government to ministries, while reams of data in pensions and social welfare programs […]
IGP Illangakoon called on President to formally inform his retirement
President Maithripala Sirisena says N. K. Illangakoon, the outgoing Inspector General of police (IGP), was an exemplary character for the Police officers to emulate as he fulfilled his duties and responsibilities in protecting the dignity of his office. The President made these remarks when IGP N. K. Illangakoon called on him to formally inform his […]
China grants 500mn Yuan symbolizing Sino-Lanka friendship
Apr 08, 2016 (LBO) – Chinese Premier Li Keqiang has pledged a grant of 500 million Yuan to Sri Lanka symbolizing Sino-Lanka friendship, the Prime Minister’s office said. Chinese Premier has told the Sri Lankan delegation that the Free Trade Agreement is expected to be signed soon reducing the trade gap between the two countries. […]
Sri Lanka’s govt. sets standard for appointing boards of SOE’s
Apr 08, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve a set criteria for consideration for appointing of chairmen and board of directors of State Owned Enterprises in the island. “Lack of a clear-cut policy directives with regard to management of Public Enterprises, failure to delegate decision-making to senior management, absence in commercial […]
Sri Lanka to sign MOU with China to enhance market liquidity
Apr 07, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe who is currently on an official visit to China is to sign an MOU in view of maintaining financial stability of the country by enhancing liquidity of the market. The cabinet nod has been given to the above proposal yesterday at the weekly cabinet […]
Correction: Names of Sri Lankans in Panama Papers not yet released
CORRECTION – Names of individuals in the Panama Papers have not yet been released. The list making the rounds on social media is a previous list on offshore accounts released in 2013. The LBO story has been retracted.
We don’t want to see companies getting delisted: Securities Regulator
Apr 07, 2016 (LBO) – Sri Lanka’s securities regulator has invited listed companies to send their suggestions on the minimum public float rule as they seem to be struggling meet the rule. Director General of Securities and Exchange Commission Vajira Wijegunawardane speaking at a forum on the minimum public float said they are flexible in […]
PTL Watch: Yields dip further, Sri Lanka bond activity volatile
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SriLankan Airlines launches new website with new features
SriLankan Airlines unveiled its newly revamped website www.srilankan.com with vastly improved features that are aimed at providing an enhanced customer service experience from the very first moment a person visits the site. SriLankan Airlines’ Chairman, Ajith Dias said, “Our new website with its advanced features is one of several initiatives which we have launched in […]