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Sri Lanka reduces electrocutions by 50-pct in 2018
Jun 05, 2019 (LBO) – Sri Lanka reduced electrocutions by 50 percent to 89 electrocutions in 2018 compared with the electrocutions reported in 2012, the Electrocution Report 2018 by Public Utilities Commission of Sri Lanka (PUCSL), the regulator for electricity industry says. Sri Lanka reported 180 electrocutions in the year 2012. According to the international […]
Leaders who bait & whip people into a frenzy do not deserve our sympathy: Mangala
Statement issued by Finance Minister Mangala Samaraweera The Cardinal Truth For as long as Sri Lanka has been an independent and sovereign nation, our people have been torn between two opposing political forces. This is the battle between the politics of unity and politics of division. To unite peoples across religious, ethnic and geographical lines […]
‘s Priests defend Cardinal after broadside from Finance Minister
June 5, 2019 (LBO) – The council of priests for the Archdiocese of Colombo has condemned a tweet by Sri Lanka’s Finance Minister which accused Sri Lanka’s Cardinal Malcom Ranjith of: “fanning the flames of hatred and communalism.” Tensions are running high in Sri Lanka after the Easter Sunday acts of radical islamic terrorism struck […]
LOLC passes most Sri Lankan corporate giants with Rs11bn annual profit
June 4, 2019 (LBO) – Colombo Stock Exchange listed LOLC Holdings (LOLC) has reported an astounding profit of over Rs11bn (US$65mn) for the fiscal year ended March 31st, 2019. The company’s annual profit attributable to equity holders is surpassed only by five Sri Lankan listed companies: Ceylon Tobacco (CTC), John Keells Holdings (JKH), Commercial Bank […]
Sri Lanka tourism kicks off promotion campaign in India
Jun 04, 2019 (LBO) – Sri Lanka Tourism with the Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotels Association of Sri Lanka (THASL) together with Sri Lankan Airlines to launched five promotional packages in the Indian market. “We look forward to activating this campaign as soon as possible in India and looking […]
Mobitel Partners M3Force to launch largest Monitoring and Response Center in Sri Lanka
Mobitel, Sri Lanka’s National Mobile Service Provider, has joined hands with M3Force to launch the largest Monitoring and Response (MnR) Center in Sri Lanka, which offers integrated intelligent security solutions for prevention and management of critical solutions in both pre and post situational scenarios. While surveillance is the need of the hour, lack of trained […]
UN launches open platform to support Sri Lanka’s policy making
Jun 03, 2019 (LBO) – United Nations in Sri Lanka together with Ministry of National Policies and Economic Affairs, launched UNLOCKED; an innovative and inclusive platform to support policy development. UNLOCKED provides future changemakers the opportunity to speak up, share research and reach out to experts.The platform aims to enrich Sri Lanka’s policy making process […]
CDB profit before tax surpasses Rs 2.7bn, now among top 5 NBFIs
Citizens Development Business Finance PLC (CDB) reinforced its dominance as a disruptor in the financial intermediary business in Sri Lanka with its exceptional financial results for FY 2018/19, posting profit before taxes of LKR 2.7 Bn, an increase of 34% as per the interim group financial results released to the CSE. Within its relatively short […]
All terror suspects should be investigated irrespective of their positions: Ceylon Chamber
Jun 03, 2019 (LBO) – Ceylon Chamber of Commerce has sent a missive to the Ministry of Defence urging the Ministry to take necessary measures to prevent disruptive and unlawful occurrences that will disturb the peace of the communities. Sending a letter to the Defence Secretary S Kottegoda, the Chamber expects that they can have […]
Opinion: How Facebook fights false news
By Ankhi Das, Head of Public Policy – South Asia, Facebook Facebook was built to connect people and give them the power to build community. Around the world, we’ve seen Facebook used to bridge language, cultural and socioeconomic barriers, and give small business owners new economic opportunities. But we also know that connecting people can […]