All Blogs
‘s CBC Myanmar Microfinance gets license to operate in Myanmar
Feb 20, 2018 (LBO) – Sri Lanka’s Commercial Bank subsidiary CBC Myanmar Microfinance Co., Ltd, has obtained the operation license from the Myanmar Micro-finance Supervisory Enterprise to operate in the Republic of the Union of Myanmar.“This would be as a non-saving deposit organisation,” The Bank said in a stock exchange filling. Commercial Bank has had […]
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) – Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to Rs 9.1 Bn recorded int he previous year. Similarly, Profit Before Tax (PBT) too grew by 31.8% YoY to reach Rs 16.6 Bn for the period under […]
‘s Bank of Ceylon appoints new GM/CEO
Feb 20, 2018 (LBO) – Sri Lankan state bank, Bank of Ceylon has appointed K. B. Senarath Bandara as its new General Manager and CEO with effect from 22 February. The appointment comes following the retirement of GM/CEO D. M. Gunasekara. Bandara is a senior banker and at present operates as the Deputy General Manager […]
Hayleys Advantis Does the Heavy Lifting for IRONMAN 70.3 Colombo
(PRESS RELEASE) – Lending its expertise in end to end logistics management to ‘Sri Lanka Wonder of Asia IRONMAN 70.3 Colombo’, Hayleys Advantisannounced that it is handling the movement of all cargo being brought to Colombo from the IRONMAN regional hub in Malaysia. Advantis’ teams in Colombo are working closely with Advantis Malaysia on this.The […]
Hemasiri Fernando’s new book on Ceylon Railways launched
There are very few books in the literary world that offer you worthwhile reading about the history of Ceylon Railways. Fewer still; books written in English by Sri Lankan authors with hands on experience on this particular subject. Among them, there are two books that comes to any railway expert’s mind; ‘The Viceroy Special’ and […]
Transshipments at Colombo Port up by 20.4-pct in January
Feb 19, 2018 (LBO) – Transshipment operations at the Port of Colombo have shown a significant increase in January this year against last year amid an increase in productivity, Sri Lanka Ports Authority said. Accordingly against 362,451 transshipment TEU operations in January 2017, together with the JCT, SAGT and CICT, the Colombo Port has recorded 436,303 […]
‘s small businesses
Feb 16, 2018 (LBO) – Sri Lanka has decided to obtain an additional financing through a loan of US 75 million dollars from the Asian Development Bank to scale up the ongoing Small and Medium Enterprise (SME) line of credit project, the Finance Ministry said. The Government had earlier obtained ADB financial assistance of US […]
Mahinda Deshapriya meets Speaker of Parliament Karu Jayasuriya
Feb 16, 2018 (LBO) – Chairman of the Election Commission, Mahinda Deshapriya today met Speaker Karu Jayasuriya after successfully concluding the local government election. Speaker Karu Jayasuriya thanked every officer in the Election Department and other government offices who participated in this exercise. Chairman of the Election Commission informed the Speaker about a possible amendment […]
DIMO launches German-certified Automobile Mechatronics course
(PRESS RELEASE) Diesel & Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will beoffering a three-year course paving the way for students to obtain a German qualification in Automobile Mechatronics. Accredited by the German Chamber of Commerce, this is the first time such a course is offered in Sri Lanka. […]
Nawaloka Hospital opens dedicated specialist centre for channelling
Sri Lanka’s pioneer in premium private healthcare, Nawaloka Hospital PLC set another benchmark in the country’s health sector by opening its dedicated ‘Specialist Centre’ for Channelling and medical services which brings together over 500 consultants from various disciplines under the same roof. The Specialist Centre built with an investment of Rs.5 billion, as the fourth […]