All Blogs
Fin Min rebuts social media reports on alleged illegal instruction to Customs
Nov 27, 2018 (LBO) – The Finance Ministry issuing a statement denied any illegal instruction given by the Minister of Finance to the Sri Lanka Customs to release the currency of foreign nationals who work at the Uma Oya project to be taken out of the island.“Attention of the Ministry of Finance and Economic Affairs is […]
Luxury vessel Mein Schif 3 calls Colombo Port with 2,430 passengers
Nov 27, 2018 (LBO) – Super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26 November 2018. Sri Lanka Ports Authority said in a statement that the vessel was welcomed at the East Container Terminal […]
Multi-Lingual Websites – What’s in it for your business?
We live in a time where borders and concepts of division are viewed in a negative light and inclusivity, diversity and acceptance are becoming more and more prominent. Be it a business brand or a personal brand, displaying diversity is essential for starting and maintaining strong relationships. For your business, one of the most effective […]
Non Executive Directors appointed to Bank of Ceylon Board
Nov 27, 2018 (LBO) – Bank of Ceylon said in a stock exchange filing that the Finance Minister has appointed new Non-Executive Directors to the Board of Bank of Ceylon effective from yesterday. Accordingly, Visakha Amarasekere has been appointed as the Ex-Officio Non-Executive Director to the Board of Bank of Ceylon in place of S. […]
SEC hosts APEC FRTI Regional Seminar on Enforcement and Litigation
The Securities and Exchange Commission of Sri Lanka (SEC) hosted a five day Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative (FRTI) from 12th to 16th November 2018 at the Cinnamon Grand Colombo on “Enforcement and Litigation” The APEC Finance Ministers endorsed the establishment of the FRTI to enhance training efforts for Financial Regulators at national and […]
New Chairperson of People’s Bank, Sujatha Cooray assumes duties
The newly appointed Chairperson of People’s Bank, Sujatha Cooray, a senior public servant, assumed duties at the Head office of People’s Bank on November 21, 2018. She is a Class 1 officer of the Sri Lanka Planning Service. She holds a B.A degree and a B.Phil degree from the University of Colombo. She also holds […]
Aitken Spence wins Best Corporate Citizen Sustainability Award 2018
Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2018’ an annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate sphere. Hatton National Bank PLC and Nestlé Lanka PLC became the first and second runner-up of the competition, respectively. The awards ceremony was held last […]
7 member Supreme court bench to hear petitions against Parliament dissolution
Nov 27, 2018 (LBO) – Sri Lanka’s Chief Justice Nalin Perera has appointed an additional four members to the Supreme Court bench to hear petitions filed against the dissolution of Parliament starting next week. The revamped bench will comprise the Chief Justice, Buwaneka Aluwihare, Sisira J de Abrew, Priyantha Jayawardena, Prasanna S. Jayawardena, Vijith Kumara […]
‘s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) – Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1.2 billion rupees through a mix of shareholder and new private equity investment funds.The funds are from a private consortium whose lead investor has a wide portfolio including private equity investments in the fashion and retail space, the Company […]
Euro 52.1 M assistance from Netherlands for construction of rural bridges
The Rabobank of Netherlands has agreed to provide Euro 52.1 Million financial assistance to construct approximately 250 steel bridges island wide especially in the rural areas. Mr. S R Attygalle, Secretary to the Ministry of Finance and Economic Affairs signed this Credit Facility Agreement today on 26th November at the Ministry of Finance.The Government has […]