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Discussion on Belt and Road Initiative, challenges & way forward
The Ceylon Chamber of Commerce together with the Pathfinder Foundation will hold an informative discussion on the Belt and Road Initiative (BRI) on 27 January 2020. The BRI program initiated by the Chinese Government aims to connect Asia with Africa and Europe through land and maritime networks along six corridors with the aim of improving […]
‘s Central Park
If you’ve been to New York, you’ve probably visited Central Park. But there’s a part of its story you won’t see. It’s a story that goes back to the 1820s, when that part of New York was largely open countryside. Soon it became home to about 1,600 people. Among them was a predominantly black community […]
Commercial Bank celebrates 100 years of banking in Sri Lanka
Jan 21, 2020 (LBO) – The dreams of the future and the history of the past were interwoven when more than 4,000 staff members from all over Sri Lanka came together in Colombo in January to celebrate the 100th anniversary of the Bank and its forerunners. The staff gathering that united employees of the country’s […]
Norway to host panel discussion on clean energy investments in Sri Lanka
The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an expert panel discussion titled “A new Decade: Investing in Clean Energy in Sri Lanka – Drivers and Barriers” on Tuesday, 21st of January 2020 at Galle Face Hotel. Both Norway and Sri […]
Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a 25 percent stake of the company. The company said in a statement that Emerging Media’s tie with XpressJobs aims to further expand the company’s operational capabilities and also greatly increase visibility for […]
EU Ambassador visits Northern Province
Jan 20, 2020 (LBO) – Ambassador of the Delegation of the European Union (EU) to Sri Lanka, Denis Chaibi, visited the Northern Province from 15 to 17 January 2020. Ambassador Chaibi launched an EU-funded demining project implemented by HALO Sri Lanka during a visit to the Muhamalai minefield on 17 January 2020. The EUR 2.5 […]
Debt moratorium for SMEs, credit negative for banks, unlikely to support economic recovery
Jan 20, 2020 (LBO) – Sri Lanka’s debt moratorium for SMEs is credit negative for Sri Lankan banks and the sovereign because it risks increasing SMEs’ risk appetite and relaxing their attitude toward debt repayments, Moody’s Investors Service said. In an analysis, the service said that this move, in turn, will undermine banks’ asset quality […]
Port City Colombo successfully achieved 12Mn safe work hours with zero accidents
Jan 20, 2020 (LBO) – Port City Colombo has successfully achieved 12 million safe work hours with zero accidents, according to the ‘2018-2019 Social Responsibility Report’ of Port City Colombo, launched at a ceremony on Monday, 13 January 2020. This is the first Social Responsibility Report released by Port City Colombo of its parent company […]
Government institutions to be connected to a single network
Jan 20, 2020 (LBO) – Sri Lanka is to centralize all government institutions through a single data network to ensure a public sector service free of inefficiency, delays, and corruption. During a discussion held at the Presidential Secretariat President Gotabaya Rajapaksa instructed officials of the information and communication sector to take measures immediately to build […]
VIDEO: Thomas Edison did everything he could to stop Nikola Tesla succeeding
Nikola Tesla’s theory of using alternating current to supply power to American homes is still in use today, but Thomas Edison did his best to try and stop Tesla from succeeding.