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VIDEO: The paradox of value
Imagine you’re on a game show and you can choose between two prizes: a diamond … or a bottle of water. It’s an easy choice – the diamonds are more valuable.But if given the same choice when you were dehydrated in the desert, after wandering for days, would you choose differently?Why? Aren’t diamonds still more […]
Sri Lanka raises concerns on reference to SL in OHCHR press release
Jun 09, 2020 (LBO) – Sri Lanka’s Acting Permanent Representative to the United Nations in Geneva, Dayani Mendis, in a letter addressed to the United Nations High Commissioner for Human Rights, Michelle Bachelet, has raised concerns regarding the allegations made in a press release issued by the High Commissioner on 03 June 2020 regarding “clampdown” […]
No politics during General Election – President warns heads of state institutes
Jun 08, 2020 (LBO) – President Gotabaya Rajapaksa advises all Heads and members of Board of Directors of State entities including Corporations and Statutory Boards, appointed by his government, not to engage in political activities in favor of any political party during the upcoming General Election. “If any Head or Board member wishes to extend […]
US donates equipment for Sri Lanka’s frontline responders to COVID-19
U.S. Ambassador to Sri Lanka and Maldives Alaina B. Teplitz handed over a donation of Personal Protective Equipment (PPE) and other materials to Major General Sudantha Ranasinghe (ret’d), Director General of the Disaster Management Centre, to contribute to Sri Lanka’s battle against the COVID-19 pandemic. The donation is part of the “All of America” approach […]
Prime Grand resumes construction aligned with health protocols
Prime Grand, the flagship luxury project of Prime Group, the leading real estate developer of Sri Lanka, has resumed its operations in accordance with #RestartSL protocols announced by the Government of Sri Lanka. Prime Group which stands strong in their contribution towards the economic regeneration in the country, celebrated a key milestone of ‘Prime Grand’, […]
Fitch revises Sunshine Holdings’ National long-term rating to ‘A(lka)’ from ‘A-(lka)’
Jun 08, 2020 (LBO) – Fitch Ratings has revised the National Long-Term Rating of Sunshine Holdings (CSE:SUN), to ‘A(lka)’ from ‘A-(lka)’ and has simultaneously affirmed its Outlook Stable. The rating revision of the diversified conglomerate, along with two other non-financial corporates, follows the recalibration of Fitch’s Sri Lankan National Rating scale to reflect changes in […]
MarCom collective commissions Ernst & Young to study industry’s economic significance
Jun 08, 2020 (LBO) – The MarCom Collective has commissioned Ernst and Young Sri Lanka (EYSL) to undertake a comprehensive study on the country’s marketing communications industry and its contribution to the Sri Lankan economy. The Collective is a group of associations, businesses and professionals from the marketing and advertising industry that came together following […]
Roadmap to post-COVID-19 economic recovery
Jun 08, 2020 (LBO) – What is Sri Lanka’s strategy to help the country’s economy recover? What should our policy priorities be, both medium and long term, to enable a post-pandemic rebound? Join The Chamber Academy’s discussion on the Roadmap to Post-COVID-19 Economic Recovery, and engage with economic experts on 12 Friday, from 11-12:30pm. The […]
Standard Chartered supports MAS Intimates’ combat against COVID-19
Jun 08, 2020 (LBO) – Standard Chartered announced today that MAS Intimates (Pvt) Ltd., a division of MAS Holdings, became the first company in South Asia to complete a drawdown under the Bank’s USD1 billion COVID-19 financing commitment. The Bank extended a USD11 million loan to Sri Lanka-based MAS Intimates to facilitate the purchase of […]
All possible measures are taken to ensure safety of deposits: CB Governor
Jun 07, 2020 (LBO) – Sri Lanka’s Central Bank assures the general public that it will continue to take all possible measures to ensure the safety of public deposits. Releasing a statement, the Governor of the Central Bank Professor W.D. Lakshman said that they remain committed to keeping the deposits of the general public safe […]