Author: LBO Admin
Port City Colombo Celebrates Groundbreaking Of Luxury Marina Development
Port City Colombo celebrated the groundbreaking of the Marina Development at Port City Colombo with a special ceremony held on 10th January 2025. The occasion was graced by Chief Guest, Hon. Vijitha Herath, Minister of Foreign Affairs, Foreign Employment & Tourism. Also present at the event were H.E. Qi Zhenhong, Ambassador, Embassy of the People’s […]
President Anura Kumara Disanayaka to undertake a State Visit to China
President Anura Kumara Disanayaka will undertake a State Visit to the People’s Republic of China from 14-17 January 2025 at the invitation of President Xi Jinping. During the visit, President Disanayaka will hold bilateral discussions with President Xi Jinping on a range of areas of mutual interest and will also meet Chinese Premier Li Qiang […]
CFA Qualification: A Career-Changing Journey – Insights from Chanakya Dissanayake
CFA Society Sri Lanka recently hosted an inspiring fireside chat and networking event titled “The CFA Program Advantage: Pathways to Career Excellence.” The event highlighted the transformative power of the CFA qualification in advancing careers in the finance industry. Chanakya Dissanayake, CFA, Managing Director and Head of Delivery Strategic Initiatives at Acuity Knowledge Partners, delivered […]
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Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC+’ from ‘CCC-‘. The ratings do not have an Outlook because of the high volatility at this rating level, in line with Fitch’s rating definitions. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘ccc+’ from ‘ccc-‘, affirmed […]
Hambantota International Port Hits 22-pct Growth in 2024, Bolsters Infrastructure for Future Expansion
Hambantota International Port (HIP) achieved an impressive growth rate of 22% in 2024, matching its performance from the previous year. With its sights set on even higher numbers in 2025, the port is implementing upgrades to its infrastructure, including the introduction of gantry and yard cranes in the container yard. These enhancements are part of […]
“NSBM Edu Fair” this weekend at Havelock City Mall and KCC
Following the success of last weekend’s NSBM Open Day for the January 2025 Intake, NSBM Green University is bringing higher education opportunities closer to you with the “NSBM Edu Fair”. Event Details: 10th & 11th January at Havelock City Mall, Colombo 10th January at Kandy City Centre (Level 2 Lobby), Kandy Prospective students can visit […]
Leaf Lanka Takes on Maldivian Investment, Unfolds USD 6M Retreat in Riverstone
Leaf Lanka International (Pvt) Ltd, a company led by the young entrepreneur Hashan Gunathilaka, is set to redefine luxury hospitality in Sri Lanka. The company has recently acquired a 17-acre property in Matale and has embarked on an ambitious $6 million USD project to develop an eco-luxury chalet retreat. This strategic move, backed by Maldivian […]
IRD Publishes Procedure for Withholding Tax on Nonresident Payments in Gazette
The Inland Revenue Department (IRD) announced that a notification specifying the procedure for withholding tax on any payment to a nonresident person, under Section 86 (7) of the Inland Revenue Act, No. 24 of 2017, has been published in the official gazette. This notification outlines the detailed steps and requirements for withholding tax on payments […]
SLT-MOBITEL completes historic SEA-ME-WE 6 Submarine Cable landing in Matara
SLT-MOBITEL has successfully landed the SEA-ME-WE 6 (Southeast Asia-Middle East-Western Europe 6) submarine cable in Matara, Sri Lanka on December 29, 2024, achieving a historic breakthrough in Sri Lanka’s telecommunications infrastructure. The cable system will be in commercial operation by mid-2026. The Matara landing was completed in collaboration with Subcom LLC, USA, and under an […]
‘s “Clean Sri Lanka” Programme
The Japan International Cooperation Agency (JICA) will continue its financial and technical assistance to Sri Lanka without interruption, stated HARA Shohei, Senior Vice President of JICA. This assurance was revealed during a meeting held today (07) at the Presidential Secretariat between President Anura Kumara Disanayake and HARA Shohei. During the discussion, attention was drawn to […]
Foreign Minister launches e-service for copies of Birth, Marriage & Death certificates for overseas Sri Lankans
Foreign Minister Vijitha Herath in partnership with the Registrar General’s Department launched the pilot project to facilitate overseas Sri Lankans to obtain certified copies of birth, marriage, and death certificates through Sri Lanka Missions abroad. The system provides Missions access to the e-BMD database (electronic – Birth, Marriage and Death certificate Database) of the Registrar […]
Discussion between President and Attorney General on Controversial Legal Proceedings
President Anura Kumara Disanayake held a discussion with the Attorney General and officials from the Attorney General’s Department at the Presidential Secretariat yesterday (06). During the discussion, the President emphasized the importance of coordinated efforts among all institutions working towards the effective enforcement of the law. President Disanayake highlighted the critical responsibility of the Attorney […]