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First phase of compensation payment for The Finance Company depositors
Jun 04, 2020 (LBO) – The Central Bank has taken steps to pay compensations up to 600,000 rupees to all insured depositors of The Finance Company (TFC) as per the Regulations of Sri Lanka Deposit Insurance and Liquidity Support Scheme. The Central Bank said in a statement that the balance amount if any will be […]
Presidential Task Force for establishing a secure country & lawful society
Jun 03, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa has established a Presidential Task Force to build a Secure Country, Disciplined, Virtuous and Lawful Society in accordance with the powers vested in him by Article 33 of the Constitution. Secretary to the Ministry of Defence, Major General (Retired) Kamal Gunaratne has been appointed as […]
Economic Zone:A catalyst for modern services in Sri Lanka
Jun 03, 2020 (LBO) – The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of “Port City Special Economic Zone– A Catalyst for Modern Services in Sri Lanka” on Thursday, 04 June 2020, during a webinar titled “Colombo Port City: Potential growth impact for Sri Lanka” hosted […]
‘s construction projects expected to pickup and stick to timelines:ICRA
Jun 3, 2020 (LBO) – Sri Lanka’s construction sector is expected to demonstrate resilience compared to other economic sectors, a new report said. The construction projects are expected to gradually pickup pace and broadly stay within the original timelines, ICRA Lanka said. “Current domestic raw material production level and inventories are expected to sustain ongoing […]
National tea sales average up in May 2020
Jun 03, 2020 (LBO) – National average for the month of May 2020 totalled Rs. 697.57, the highest ever recorded for a calendar month surpassing the previous best of Rs. 689.18 recorded in April 2020, a new report says. In comparison to May 2019 average of Rs. 539.55, shows a significant increase of Rs. 158.02 YOY, Forbes and […]
Ookla declares Mobitel as the Fastest Mobile Network in Sri Lanka for 2019
Jun 03, 2020 (LBO) – Ookla, the global leader in internet testing and analysis, has declared Mobitel as the Winner of the Speedtest Award™ for 2019, successfully winning the award for all four quarters consecutively as the Fastest Mobile Network in Sri Lanka. Speedtest Awards are licensed to Internet Service Providers and mobile carriers around […]
Discussion on Colombo Port City: Potential growth impact for Sri Lanka
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of “Port City Special Economic Zone – A Catalyst for Modern Services in Sri Lanka” on Thursday, 04 June 2020, during a webinar titled “Colombo Port City: Potential growth impact for Sri Lanka” hosted by PwC Sri Lanka. […]
SEC approves rules for digitalization of Colombo Stock Market
Jun 02, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Stockbroker Rules, Central Depository Systems (CDS) Rules and Listing Rules submitted by the Colombo Stock Exchange (CSE), which will enable the stock market to transition from a paper-based to an electronic-based environment. Under the amended rules, […]
ComBank awarded its 20th ‘Best Bank in Sri Lanka’ title by Global Finance
The Commercial Bank of Ceylon has been declared Sri Lanka’s Best Bank in 2020 by the US-based Global Finance magazine, an accolade the Bank wins for the 20th time in the 27 years that Global Finance has presented awards to the world’s best banks. Global Finance’s just-released list of the 28 Best Banks in Asia […]
MillenniumIT ESP launches HealthVision – a Remote Patient Management System
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems providers – recently launched HealthVision – a web enabled, mobile responsive remote patient monitoring platform for medical personnel and care givers. This latest solution enables them to connect with their patients from a remote location, record their details regarding health and safety […]