Author: lbostgadmin
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) – Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life insurance company in 2018. Softlogic Life rewrote the history books recently after it was conferred with eight prestigious accolades at three of the most prominent industry awards ceremonies in Sri […]
Sri Lanka signs agreement with FAO & China to strengthen fruit value chain
Dec 07, 2018 (LBO) – The signing ceremony of the FAO-China South-South Cooperation Tripartite Agreement between the Food and Agriculture Organization of the United Nations (FAO), China, and Sri Lanka took place at FAO headquarters on 6 December 2018. Food and Agriculture Organization said the aim of this South-South Cooperation project is to help Sri Lanka […]
Tourist arrivals to Sri Lanka up 17-pct in November despite political crisis
Dec 07, 2018 (LBO) – Tourist arrivals to Sri Lanka were up 16.8 percent to 195,582 in November from a year earlier despite the current political uncertainty in the country, official data showed. The largest source market for tourists is reported from India, followed by the United Kingdom and China and almost 94 percent of tourists […]
Commercial Bank provides Internet Payment Gateway to Daraz
The Commercial Bank of Ceylon has been appointed the Internet Payment Gateway (IPG) service provider to ‘Daraz,’ South Asia’s premier online shopping market, to enable seamless online transactions for its large base of shoppers. The online payment processing of Daraz will be facilitated by Commercial Bank through Mastercard Payment Gateway Services (MPGS) and will provide […]
Sri Lanka Supreme Court extends interim order on Parliament dissolution
Dec 07, 2018 (LBO) – Sri Lanka’s Supreme Court has extended a suspension of a contested dissolution of parliament in the island by another day. The Court said that the extension will be till Saturday (tomorrow) and will allow further hearings scheduled today. Earlier, a three-judge bench headed by the Chief Justice, Nalin Perera granted […]
Planters’ Association says 100-pct increase in daily basic wage not sustainable
Dec 07, 2018 (LBO) – Planters’ Association of Ceylon has reiterated the position of its membership that a 100 percent increase in daily basic wages as demanded by the trade unions simply cannot be sustained by the industry. The comments came in the wake of an indefinite strike action declared by the trade union leaders of the […]
We are only partners of Sri Lanka democracy, but not of UNP: ACMC
Dec 06, 2018 (LBO) – All Ceylon Makkal Congress (ACMC) said that they are committed stakeholders of Sri Lanka’s democracy but not striving to promote deposed Prime Minister Ranil Wickremesinghe as an individual. “We do not have any personal passion for the individual, Ranil Wickremesinghe. There are no ‘relationships’ between ACMC and the UNP either,” […]
Joint Apparel Association Forum unveils its new logo & corporate website
Sri Lanka Apparel during its existence in the last 4 decades grew and set itself as the leading manufactured product exporter of Sri Lanka representing 43% of industrial exports and 40% of merchandising exports. With a contribution to the GDP in the range of 7% during the last decade and employment opportunities for 40% of […]
Sampath Bank Ranked One of Country’s Top Ten Corporate Citizens
(PRESS RELEASE) Also Wins Category Award for Governance at Best Corporate Citizen Sustainability Award 2018 Sampath Bank was recognized as one of Sri Lanka’s Top Ten Corporate Citizens of the year at the Best Corporate Citizen Sustainability Award 2018 held at the Cinnamon Grand, Colombo recently. The Bank was also adjudged the joint winner of […]
‘s macro economic conditions stable, Fiscal discipline required: CB Gov
Dec 06, 2018 (LBO) – Central Bank Governor Dr. Indrajit Coomaraswamy says that the islands debt situation is manageable and that no major destruction to the on- going economy development activities are foreseen, even though international rating agencies have downgraded Sri Lanka. “We are not going to crash, it can be managed through maintaining financial discipline,” […]
Fitch downgrades Sri Lanka financial institutions on sovereign downgrade
Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of the following Sri Lanka-based financial institutions following the downgrade of Sri Lanka’s sovereign rating: – National Savings Bank (NSB) to ‘B’ from ‘B +’; Outlook Stable – Bank of Ceylon (BOC) to ‘B’ from ‘B +’; Outlook […]
Hayleys crowned winner at CA Sri Lanka 54th Annual Report Awards
Leading conglomerate, Hayleys PLC triumphed at the 54th Annual Report Awards winning the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale held on Tuesday, 04th December 2018. John Keells Holdings PLC won the silver award, while Commercial Bank of Ceylon PLC came in third with […]