Author: lbostgadmin
Sri Lankan delegation in Pakistan to revive Buddhist Gandhara trail
A high level delegation of 40 high ranking Sri Lankan Buddhist Monks as well as eminent Buddhist scholars led by Speaker of the Sri Lankan Parliament Hon. Karu Jayasuriya left for Pakistan last evening for a week-long visit from April 18 to 25, 2016. The delegation comprises senior monks of all Buddhist chapters including Most […]
PTL Watch: Sri Lanka bond yields tick up on profit taking
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CEB responds to shortcomings pointed out by power regulator
Apr 20, 2016 (LBO) – Sri Lanka’s Ceylon Electricity Board (CEB) has responded to shortcomings pointed out by the Public Utilities Commission of Sri Lanka (PUCSL) after recent island-wide power failures. In a letter dated 28th March, 2016, the CEB has agreed to the recommendations, but does not include a detailed explanation for the island-wide […]
‘s ageing population poses socio-economic challenges
By Zahran Sikkanther Lebbe Sri Lanka’s rapidly ageing population poses serious challenges on several fronts. Selected socio-economic challenges of this demographic transition are highlighted here calling attention of policy makers to implement fruitful interventions to preserve the rights of the elderly and to ensure their financial stability, social security and easy access to healthcare. Statistics […]
Clinton, Trump lead in New York primaries
Apr 20, 2016 (LBO) – Democratic presidential candidate Hillary Clinton won New York’s Democratic primary reasserting her position over rival Bernie Sanders in the fight for the presidential nomination. In the Republican contest, Donald Trump defeated Ohio Governor John Kasich and Texas Senator Ted Cruz by a wide margin. Sanders had surged over the past […]
‘s oldest barbershop to set up in Sri Lanka
Apr 19, 2016 (LBO) – The world’s oldest barbershop, Truefitt & Hill, is to start business in Sri Lanka and is looking for suitable partners, a statement said. “After the successful opening of this international barber shop in Mumbai, Delhi and Bangalore, we are very eager to expand in Sri Lanka,” Istayak Ansari, Director, Lloyds […]
Seylan Bank to sell Rs5bn in listed debt
Apr 20, 2016 (LBO) – Seylan Bank will sell up to five billion rupees in listed debt, the bank said in a statement.buy “The Bank’s board has approved to issue three billion rupees of debt with a further option to sell another two 2 billion rupees,” a stock exchange filing said. The debentures will be issued […]
Global Ambassador of Cochlear Brett Lee on a visit to Sri Lanka – promoting hearing wellness
Wickramarachchi Opticians and Hearing Aids. subsidiary of J.M. Wickramarachchi & Co. celebrated its 40th anniversary as well as serving over 400 Cochlear Hearing implant success stories at a gala celebration launched together with Global Ambassador, Australian Cricketer Brett Lee. The celebration was held at the Galle Face Hotel, Colombo amidst a gathering of over 100 […]
Commercial Bank Dispenses Rs 21.54 billion in first 14 days of April
The Commercial Bank of Ceylon smashed itsrecords for cash dispensed via the Bank’s automated teller machine (ATM) network over a 14 day period this ‘Avurudu’ season, dispensing a jaw-dropping Rs 21.54 billion between 1stand 14thApril. On four of these 14 days, the 625-terminal network dispensed more than Rs 2 billion a day, with the peak […]
600 graduates of SriLankan Aviation College enter the world of aviation
600 young men and women qualified to embark upon rewarding careers in the international air transport industry at the graduation ceremony of the SriLankan Aviation College, one of Asia’s premier aviation academies, on Thursday (31st March) at the Bandaranaike Memorial International Conference Hall in Colombo. The SriLankan Aviation College is the academy of SriLankan Airlines […]
Internet of Things: Insurance companies could unlock powerful growth
By Mithula Guganeshan The new tech buzz word, Internet of Things, is all about connecting data, people, machines and processes using sensors attached to devices. Despite IoT being in its early stages, it has been predicted that IoT would become universal in a decade or so. Gartner, Inc. forecasts that 5.5 million new things will […]
‘s President opposes planned VAT hike
Apr 19, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena, in a public address on Monday, said he would not support tax increases that burden the people. The Value Added Tax (VAT) rate is scheduled to be increased to 15 percent from May 2nd, according to the Finance Ministry, and will include the telecommunications sector. […]