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‘s Banking and Financial sector: Advocata
May 11, 2020 (LBO) – The Advocata Institute hosted an online discussion on Zoom with Yvette Fernando (Assistant Governor, Central Bank of Sri Lanka), Manil Jayesinghe (President, Institute of Chartered Accountants of Sri Lanka), Roshan Abeygoonewardena (Chairman, Finance Houses Association of Sri Lanka), Jonathan Alles (CEO, Hatton National Bank); moderated by Murtaza Jafferjee (Chair, Advocata […]
WHO and DFAT donate vital equipment and supplies to fight COVID-19 in Sri Lanka
May 11, 2020 (LBO) – The World Health Organization (WHO) handed over a donation of essential laboratory equipment, hospital equipment, personal protective equipment, and consumables to the Government of Sri Lanka to address the COVID-19 crisis. The procurement, of over 800,000 USD, focused on equipment that is essential to effectively controlling COVID-19 in Sri Lanka. […]
3D virtual tours of Cinnamon Life and TRI-ZEN apartments launched
May 11, 2020 (LBO) – John Keells Properties has announced that in order to accommodate prospective buyers moving forward with their apartment searches, it is using virtual reality technology to provide virtual tours of show units for its two upcoming residential developments, Cinnamon Life and TRI-ZEN. With respect to the government’s stay-at-home directive in order […]
Emirates Group announces 2019-20 results
Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by planned Dubai International airport (DXB) runway closure in Q1 and COVID-19 pandemic in Q4 Ends year with solid cash balance of AED 25.6 billion (US$ 7.0 billion) Emirates reports a profit of AED 1.1 […]
Curfew in Colombo & Gampaha to be in force despite resumption of work
May 10, 2020 (LBO) – Resumption of civilian life and work, while curfew is in force in the districts of Colombo and Gampaha, will commence tomorrow as previously scheduled, the President’s Media Division (PMD) said. The PMD said in a statement that the conditions included in previous announcements regarding the resumption of normal life will […]
Colombo Stock Exchange to recommence trading tomorrow
May 10, 2020 (LBO) – The Colombo Stock Exchange will recommence its operations on Monday in line with the decision made by the government to relax curfew regulations in the Western Province. Accordingly, the pre-open session will be from 10.30 to 11.00 a.m. with the open auction beginning at 11.00 a.m. Regular trading will commence […]
Controlling Coronavirus pandemic & gradual restoration of normal life
May 10, 2020 (LBO) – Sri Lanka will have to maintain a balance between steps taken to prevent the spread of the disease on the one hand and the restoration of normalcy on the other, says Prime Minister Mahinda Rajapaksa. Rajapaksa in a statement stresses that even countries like Italy, Britain, France and the USA […]
EFutures helps Global Vinyl to set up SAP on AWS
Using cloud services can be overwhelming at times especially when your organization has no prior experience utilizing cloud services for any business application deployment beforehand. This article elaborates on how a managed cloud service provider like EFutures Private Limited can ease the transition of business application hosting from on premise to cloud, along with the […]
IMF discusses Sri Lanka’s intention to replace EFF with rapid financing instrument
May 08, 2020 (LBO) – The International Monetary Fund (IMF) says that they are currently discussing Sri Lanka’s intention to replace the Extended Fund Facility (EFF) arrangement that the country had with the rapid financing instrument as the current IMF program is about to be completed. During a press briefing held at the IMF yesterday, […]
Sri Lanka gross official reserves down to USD7.2 bn by end-April
May 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.2 billion US dollars (USD7,179.9mn) by the end of April, down from 7.5 billion US dollars in March, the latest Central Bank data showed. By the end of April, the foreign currency reserves were 6,744.1 million dollars while the reserve position in the IMF […]