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Future of modern workplace – powered by AI, driven by people
The first plenary session at the ‘Future of Business’ innovation strategy and learning event organized by The Ceylon Chamber of Commerce will be on the future of the modern workplace – powered by AI, driven by people. This session will tackle how organizations can make critical decisions with data and act on, or implement these […]
Sri Lanka says tangible assistance needed to restore normalcy post 21/4
Oct 02, 2019 (LBO) – Foreign Secretary Ravinatha Aryasinha who is presently leading the Sri Lanka delegation to the 74th Session of the UN General Assembly says that Sri Lanka was adopting a whole-of-Government approach in addressing the areas of concern and that it was important that programmes of assistance are tangible and can be […]
Sri Lanka Govt allows internal flight operation for foreign airlines
Oct 02, 2019 (LBO) – The Sri Lanka govenments cabinet of ministers has given the nod for foreign airlines to operate domestic flights, a statement said. Sri Lanka’s civil aviation authority will issue one year operating licenses to foreign airlines that are interested in flying within Sri Lanka, the state information office said in a […]
MTD Walkers (KAPI) loses another billion, equity wiped out
October 2, 2019 (LBO) – Embattled construction firm MTD Walkers (KAPI) has reported a loss for the June quarter of approximately Rs1bn, and its equity base has been almost completely wiped out. Trading in the CSE listed KAPI has been halted for some time as the company has been in violation of regulatory guidelines and […]
Kumar Sangakkara takes office as first non-British President at Lords
October 1, 2019 (LBO) – Press Release: www.lords.org ONE OF THE ALL-TIME LEGENDS OF CRICKET, KUMAR SANGAKKARA, TODAY TAKES UP HIS ROLE AS PRESIDENT OF MARYLEBONE CRICKET CLUB. The former Sri Lankan international is the first non-British President of MCC and will hold the post for one year. His nomination was announced by the outgoing President, Anthony […]
Opinion: Policy-oriented banking for industrial development
By Kasun Thilina Kariyawasam “The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another. Avarice over-rates the difference between poverty and riches: ambition, that between a private and a public station: vain-glory, that between obscurity and extensive reputation. The person […]
Yahapalanaya has not built anything of lasting value from USD26bn loans: MR
Oct 01, 2019 (LBO) – Sri Lanka’s Opposition Leader Mahinda Rajapaksa says that the yahapalana government has not built anything of lasting value or anything that would generate an income from the staggering 26 billion US dollars that they took in the form of foreign currency commercial loans since January 2015. Releasing a statement, the […]
Sec Aryasinha on Sri Lanka’s obstacles on peacekeeping contribution to UN
Oct 01, 2019 (LBO) – Sri Lanka’s Foreign Secretary Ravinatha Aryasinha at the 74th UN General Assembly Session, met with Jean-Pierre Lacroix, under secretary general of the United Nations Department of Peace Operations (USSG/UNDPO) in New York to discuss obstacles placed on Sri Lanka’s peacekeeping contribution to the UN. Upon the Foreign Secretary seeking clarification on […]
Imposition of lending rate caps, a credit positive: Central Bank replies to Moody’s
Oct 01, 2019 (LBO) – Sri Lanka’s Central Bank says that the imposition of caps on lending rates of licensed banks would, in fact, be credit positive, contrary to the view held by Moody’s Investors Service. Releasing a statement, the Central Bank said it does not expect a material change in interest margins of the […]
IOSCO launches World Investor Week to promote investor education
Sep 30, 2019 (LBO) – The International Organization of Securities Commissions (IOSCO) today launched its third annual World Investor Week (WIW) following its success in previous years at attracting more than one thousand financial organizations to showcase their initiatives for promoting investor education and protection across the globe. From 30 September to 6 October 2019, […]