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Bipartisan US Congressional Delegation holds discussions in Sri Lanka
Foreign Minister Dinesh Gunawardena met yesterday the visiting US Congressional delegation, comprising Ami Bera, MD, Chairman, House Foreign Affairs Subcommittee on Asia, the Pacific, and Non-Proliferation and Representative George E.B. Holding, Member of the House Ways and Means Committee, Budget Committee and Ethics Committee and two members of the Congressional Committee Staff. Minister Gunawardena welcomed […]
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) – Sri Lanka’s total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 months ago, a new report shows. “The recent policy interventions both in terms of fiscal policy (taxation) or capital moratoriums did not target vehicle registrations,” research firm JB […]
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) – HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share was successfully oversubscribed on the opening date. As per the section 4.2.8 of the prospectus and introductory document, applications dispatched by courier or by post to registrars to […]
Preliminary report on MCC presented to President; final report within 4 months
Feb 17, 2020 (LBO) – The preliminary report of the 4- member committee appointed to review the proposed Millennium Challenge Corporation Compact (MCC) was handed over to President today. Following a Cabinet decision taken on December 18, 2019, the Committee was appointed with effect from January 01st, 2020. Prof. Lalithasiri Gunaruwan of the University of […]
‘s Paragon Holdings launch augmented reality app
Feb 17, 2020 (LBO) – Paragon Holdings, specialising in outdoor advertising, TV & Radio advertising production, event management, and digital marketing announced the launch of their augmented reality application through Sri Lanka Augmented Reality (SLAR), recently in Colombo. SLAR has been launched as a member of Paragon and as a partner of UnifiedAR – an […]
MillenniumIT ESP carries out fastest Oracle ERP implementation for HNBA
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems Provider – recently announced that it has successfully implemented the Oracle ERP Cloud platform for HNB Assurance (HNBA), a leading insurance service provider in Sri Lanka. The project was completed within a short span of 7 weeks, recording the fastest Oracle ERP […]
Sri Lanka, Bangladesh agreed to IMF to provide debt relief for Somalia
Feb 17, 2020 (LBO) – Sri Lanka and Bangladesh have reportedly agreed to provide debt relief for Somalia under the Heavily Indebted Poor Countries (HIPC) Initiative of the International Monetary fund (IMF). The Central Bank of Sri Lanka and the Ministry of Foreign Relations have expressed their concurrence to provide Sri Lanka’s contribution. Accordingly, the […]
Hambantota Port observes employees returned from China before epidemic broke
Feb 17, 2020 (LBO) – With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and the general public. Emergency Response Procedure is in place with 3 response levels. A special committee has been appointed headed […]
Travel ban on Shavendra unnecessarily complicates US-SL relationship: FM
Feb 17, 2020 (LBO) – Foreign Relations Minister Dinesh Gunawardena has formally conveyed to the US Ambassador Alaina Teplitz, Sri Lanka’s strong objection on the imposition of travel restrictions on Lt. Gen.Shavendra Silva as well as his immediate family. Earlier on Friday, the Foreign Ministry had issued the Government of Sri Lanka’s immediate reaction following […]
Construction of building complex in Colombo Port City to start by mid-2020
Feb 17, 2020 (LBO) – Construction of the building complex in Colombo Port City will commence in the middle of this year at a cost of 15 million US dollars and the first phase is expected to be completed by 2023, the President’s Media Division said. China Communication Construction will spend 1.4 billion dollars for […]