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Colombo District Land Valuations Indicator records 10.4-pct increase in 2H 2019
Feb 27, 2020 (LBO) – Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank has reached 138.9 during the 2nd half of 2019, recording an increase of 10.4 percent compared to the 2nd half of 2018. All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase. Residential […]
Foreign Ministry succeeds in evacuating two Sri Lankans on board Diamond Princess
Feb 27, 2020 (LBO) – The two Sri Lankan crew members who were on board the Diamond Princess cruise ship in Yokohama, Japan, were evacuated last night (26 February) by a charter flight organised by the Indian Government to New Delhi upon a request made by the Sri Lankan Government. The two Sri Lankan crew […]
Simplified payment solution for SMEs in Sri Lanka : Seylan Bank
Interview with Chaminda Senewiratne, head of digital banking, Seylan Bank ……. Could you briefly explain what “Seylan merchant portal” is? “Seylan merchant portal” is a Seylan Bank developed easy plug and play online payment gateway for small and mid-level business owners. The portal allows merchants to collect online payments through their website allowing them to […]
SLTDA and BOI sign MoU to enhance cooperation between agencies
Feb 27, 2020 (LBO) – Sri Lanka Tourism Development Authority (SLTDA) and Board of Investment (BOI) signed a memorandum of understanding (MoU) to enhance the cooperation between the two agencies to reduce time and costs for foreign and domestic investors by streamlining the SLTDA and BOI investment approval processes. The signing took place at a […]
India’s GoAir introduces direct flights from Colombo to Delhi, Bengaluru
In continuation of its expansion in South Asia, GoAir – Asia’s most trusted, punctual and fastest growing airline – has announced its new direct flights from Colombo to Delhi and Colombo to Bengaluru. GoAir’s maiden flights to the capital city of Sri Lanka will commence from 20th March 2020. The airline has introduced these two […]
VIDEO: How American CEOs got so rich
American companies today spend billions on stock buybacks. So what does that mean for the US economy? And how did it help make American CEOs so unbelievably rich?
Commission of Inquiry to be appointed to review previous COI reports: FM at UNHRC
Feb 26, 2020 (LBO) – Sri Lanka declares its commitment to achieve sustainable peace through an inclusive, domestically designed and executed reconciliation and accountability process, including through the appropriate adaptation of existing mechanisms, in line with the Government’s policy framework, Foreign Minister Dinesh Gunawardena said. Addressing the 43rd Session of the Human Rights Council the […]
‘s main power outages
Feb 26, 2020 (LBO) – Continuous fuel supply from Ceylon Petroleum Corporation (CPC) has become the principal deciding factor for an uninterrupted power supply in Sri Lanka, a recent report highlighted. According to the latest power outage report of the Ceylon Electricity Board (CEB), exceeded credit limits have left the CPC with no other option […]
International festival of creativity, ‘Epica Awards Sri Lanka’ debuts 5-6 March
Feb 26, 2020 (LBO) – For the first time in Epica Awards’ 33 years history, Epica Awards Sri Lanka will take place between the 5th and 6th of March 2020. Epica Awards is the only global award show judged solely by journalists. With over 200 journalists on the judging panel and over 4,000 entries submitted, it is […]
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) – HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT and remains the best capitalized bank in the sector. HNB Chairman Dinesh Weerakkody stated that “the year that preceded us has been extremely challenging with […]