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President wants media to help preserve national identity and cultural values
Jun 24, 2020 (LBO) – President Gotabaya Rajapaksa highlighted the necessity of right media practice that helps preserving Sri Lankan identity and cultural values. He made this comment during a progress review meeting with the Independent Television Network(ITN) at the Presidential Secretariat yesterday. The changes that should be made to create a new television culture […]
Sri Lanka’s external strains set to persist beyond elections: Fitch Ratings
Jun 24, 2020 (LBO) – Sri Lanka’s stressed external liquidity position is set to remain a weakness for the country’s credit profile, says Fitch Ratings. According to Fitch Ratings, policymakers may be able to offer more clarity about their economic agenda once elections are held on 5 August, but hurdles to accessing additional external financing […]
John Keells Holdings secures USD 175 mn long-term financing facility from IFC
Jun 23, 2020 (LBO) – Sri Lanka’s diversified John Keells Holdings on Tuesday entered into a long-term financing agreement with the International Finance Corporation (IFC) for US Dollars 175 million to support funding of the Company’s investment pipeline. The company said in a stock exchange filing that this facility is IFC’s largest investment to-date in […]
How to determine the best cloud service provider for your business.
As the COVID-19 pandemic encouraged most businesses to shift to remote work environments, it’s the cloud that made this possible. Although popularity for cloud computing increased in the wake of this pandemic, businesses have long since being depending on its services to make operations faster, simpler and more productive. With businesses that function by otherwise […]
South Asia Textiles to export new fabric tested against COVID to United States
South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric for leading brands across the globe and HeiQ Materials AG, a Swiss based global leader in textile innovation creating some of the most effective, durable and high-performance textile technologies currently available across the world, are collaborating to […]
First-ever drive-thru blood sample collection unit by LHD
Jun 23, 2020 (LBO) – Lanka Hospitals Laboratories (LHD), the only medical laboratory in Sri Lanka with the merit of the highest-grade in accreditation, continues to be a pioneer in the industry by launching Sri Lanka’s first ‘Drive-thru’ blood sample collection centre. As a first in the country’s healthcare system, the sample collection process is […]
Rooster Jobs launched to help businesses steer recruitment during Covid-19
Jun 23, 2020 (LBO) – Rooster Jobs is a free of charge end-to-end recruitment platform and Applicant Tracking System (ATS) designed to help businesses source suitable candidates. The platform was launched on 11th of May with the motive to assist businesses navigate hiring efficiency amidst the turbulent environment created by Covid-19. Within a short span […]
Nation Lanka Finance appoints Suresh Amerasekera as CEO
Jun 23, 2020 (LBO) – Nation Lanka Finance (NLF) announced the appointment of Suresh M. Amerasekera as their new CEO with effect from 9 June 2020.He was functioning as the COO of NLF, from September 2, 2019. Suresh is a Senior Banker, with over 35 years of experience in the Finance Industry.He last held the […]
HNB records sharp spike in cardless transactions during COVID lockdown
Jun 23, 2020 (LBO) – Leading private sector bank HNB PLC, reported a 70 percent increase in the use of its cardless cash withdrawal facility, Cash to Mobile during the peak of the COVID-19 pandemic. Through the period of January to May 2020, the bank witnessed an average (month-to-month) increase of 60 percent on Cash […]
Sri Lanka electricity generation down 22.7-pct in Apr 2020
Jun 21, 2020 (LBO) – Sri Lanka’s total electricity generation (excluding non- conventional electricity as solar, wind, mini-hydro & biomass) stood at 964,043 MWh in the month of April 2020, down 22.7 percent from 12,46,863 MWh in the month of January 2020, data submitted by Ceylon Electricity Board shows. The reduction of the electricity generation […]