Author: LBO Admin
Preliminary report on MCC presented to President; final report within 4 months
Feb 17, 2020 (LBO) – The preliminary report of the 4- member committee appointed to review the proposed Millennium Challenge Corporation Compact (MCC) was handed over to President today. Following a Cabinet decision taken on December 18, 2019, the Committee was appointed with effect from January 01st, 2020. Prof. Lalithasiri Gunaruwan of the University of […]
‘s Paragon Holdings launch augmented reality app
Feb 17, 2020 (LBO) – Paragon Holdings, specialising in outdoor advertising, TV & Radio advertising production, event management, and digital marketing announced the launch of their augmented reality application through Sri Lanka Augmented Reality (SLAR), recently in Colombo. SLAR has been launched as a member of Paragon and as a partner of UnifiedAR – an […]
MillenniumIT ESP carries out fastest Oracle ERP implementation for HNBA
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems Provider – recently announced that it has successfully implemented the Oracle ERP Cloud platform for HNB Assurance (HNBA), a leading insurance service provider in Sri Lanka. The project was completed within a short span of 7 weeks, recording the fastest Oracle ERP […]
Sri Lanka, Bangladesh agreed to IMF to provide debt relief for Somalia
Feb 17, 2020 (LBO) – Sri Lanka and Bangladesh have reportedly agreed to provide debt relief for Somalia under the Heavily Indebted Poor Countries (HIPC) Initiative of the International Monetary fund (IMF). The Central Bank of Sri Lanka and the Ministry of Foreign Relations have expressed their concurrence to provide Sri Lanka’s contribution. Accordingly, the […]
Hambantota Port observes employees returned from China before epidemic broke
Feb 17, 2020 (LBO) – With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and the general public. Emergency Response Procedure is in place with 3 response levels. A special committee has been appointed headed […]
Travel ban on Shavendra unnecessarily complicates US-SL relationship: FM
Feb 17, 2020 (LBO) – Foreign Relations Minister Dinesh Gunawardena has formally conveyed to the US Ambassador Alaina Teplitz, Sri Lanka’s strong objection on the imposition of travel restrictions on Lt. Gen.Shavendra Silva as well as his immediate family. Earlier on Friday, the Foreign Ministry had issued the Government of Sri Lanka’s immediate reaction following […]
Construction of building complex in Colombo Port City to start by mid-2020
Feb 17, 2020 (LBO) – Construction of the building complex in Colombo Port City will commence in the middle of this year at a cost of 15 million US dollars and the first phase is expected to be completed by 2023, the President’s Media Division said. China Communication Construction will spend 1.4 billion dollars for […]
“Timelines evolved externally would hinder process of reconciliation”: SL tells UN Security Council
Feb 17, 2020 (LBO) – “Timelines evolved externally in achieving stated objectives would only seek to hinder the process of reconciliation since they would be bereft of ground realities” emphasized Sri Lanka’s Permanent Representative to the United Nations Ambassador Kshenuka Senewiratne. She was speaking at a one day debate at the UN Security Council titled […]
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
Sri Lanka takes strong objection to US travel ban on Lt. Gen. Silva & family
Feb 15, 2020 (LBO) – The Government of Sri Lanka takes strong objection to the imposition of travel restrictions on Lt. Gen. Silva and his immediate family members by the Government of the United States, based on independently unverified information. The Government reiterates that Lt. Gen. Shavendra Silva was appointed as the Commander of the […]
National Salaries Commission established to formulate national policy
Feb 14, 2020 (LBO) – A National Salaries Commission has been established to provide guidance and assistance to the Government in formulating and executing a National Salaries Policy. The Commission has been established by President Gotabaya Rajapaksa in accordance with the powers vested upon him under Article 33 of the Constitution. With the establishment of […]
Ministry of Social Security signs MoU with Cargills & Keells
A Memorandum of Understanding was signed today between a number of parties, on an initiative of the Ministry of Social Security. The event was held at the Auditorium at the Ministry of Social Security and was graced by the presence of the Minister Pavithra Wanniarachchi, the State Minister Tharaka Balasuriya, and senior officials from all […]