Author: lbostgadmin
Tenure of Presidential Comm. to inquire into SriLankan Airlines extended
Dec 20, 2018 (LBO) – President Maithripala Sirisena has extended the term of office of the Presidential Commission to inquire into allegations of large-scale frauds and malpractices in SriLankan Airlines, SriLankan Catering Ltd and Mihin Lanka (Pvt) Ltd, to February 15, 2019. The President appointed this Commission on February 14, 2018, to inquire into allegations of […]
Hayleys Advantis unveils Sri Lanka’s largest distribution hub
Dec 19, 2018 (LBO) – Hayleys Advantis ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, Ja-Ela as part of the company’s expansion efforts aimed at serving its clients better through greater efficiencies and economies of scale. The company said the move bodes well for the nation’s vision […]
‘s Softlogic Life
Dec 19, 2018 (LBO) – LeapFrog Investments, a leading profit with purpose investor, today announced a USD 12 million dollar investment in Softlogic Life Insurance PLC, purchasing the shares of FMO, the Dutch development Bank. The company, growing at 2x the market, is one of Sri Lanka’s fastest growing life insurers, providing Sri Lankans with individual […]
Prof. Rohan Samarajiva awarded SLT Zero-One lifetime achievement award
LIRNEasia founding Chair Prof. Rohan Samarajiva received the SLT 01 Lifetime Achievement Award at a gala ceremony held earlier this week.The award was given him “for the yeoman contribution he has made over the years as a public policy maker and advocate to influence access to cost-effective and high-quality digital infrastructure for all Sri Lankans”. […]
Sri Lanka GDP 2.9-pct for third quarter 2018
Dec 19, 2018 (LBO) – The Department of Census and Statistics (DCS) Sri Lanka said economic growth rate of the country is estimated as 2.9 percent for the third quarter of 2018. The Gross Domestic Product at constant (2010) prices for the third quarter of 2018 recorded as 2,431 ,627 million rupees and GDP reported […]
China Securities Depository and Clearing Corporation and CDS Sri Lanka commits to corporation
Dec 18, 2018 (LBO) – Sri Lanka’s Central Depository Systems (Pvt) Ltd (CDS) and China Securities Depository and Clearing Corporation Limited (CSDC) recently committed towards pursuing a cooperative relationship in the areas of securities clearing and depository. This commitment was formalized with the signing of a MoU between the two depositories during a visit by CSDC […]
MR named opposition leader, Kiriella leader of the house
Dec 18, 2018 (LBO) – Sri Lanka’s Speaker of parliament Karu Jayasuriya named Mahinda Rajapaksa the Leader of the Opposition, Tuesday when the house convened. The Speaker said the United People’s Freedom Alliance was now the largest opposition party as it was no longer in the ruling coalition. Lakshman Kiriella was appointed as the leader of […]
Ceylon Chamber facilitates efficient document approval process for exporters
Dec 18, 2018 (LBO) – A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) recently, for the certification of export related documents through the electronic Document Attestation System (e-DAS) of the Ministry. The MOU provides for the Ceylon Chamber of Commerce to use the e-DAS system […]
HP launches large format photo printers in Sri Lanka
(Media Relaese) – HP DesignJet recently unveiled its new DesignJet Z Printer series to showcase innovative large format technologies. The new printer series offers astounding image quality and fast, simple output for print service providers (PSPs), retailers, photo studios and photographers to deliver beautiful photos, impactful graphics and technical applications. The latest offering from HP […]
JICA extends its support to recyclable waste flow in Sri Lanka
The Japan International Cooperation Agency (JICA) successfully held “Waste Flow & Recycle Industry Survey, and Information Dissemination Seminar” together with Central Environmental Agency (CEA). JICA has been conducting waste management project namely “Pollution Control and Reduction of Environmental Burden in Solid Waste Management” in Sri Lanka from February 2017 to February 2019. In cooperation with […]
We welcome democratic resolution of political crisis: Delegation of EU
Dec 17, 2018 (LBO) – Delegation of the European Union in agreement with the EU Ambassadors and the Norwegian Ambassador resident in Colombo on Monday welcomed the peaceful and democratic resolution of Sri Lanka’s political crisis in accordance with the constitution.Issuing a joint statement, the delegation also commended the resilience of Sri Lanka’s democratic institutions […]
‘s Port of Colombo
Dec 17, 2018 (LBO) – A high profile delegation of the United States headed by Deputy Assistant Secretary at the United States Bureau of South and Central Asian Affairs David Ranz has made a special visit at the Colombo Port last Thursday. Sri Lanka Ports Authority said the delegation was welcomed by the Chairman of […]