SLPA, JCT, SAGT and CICT to hold first ever Port of Colombo Awards Night

Sri Lanka Ports Authority (SLPA) in collaboration with the Jaya Container Terminal (JCT), South Asia Gateway Terminals (SAGT) and the Colombo International Container Terminals(CICT) for the first time, has organized the Port of Colombo Awards Night 2018. The ceremony will be held on Monday 23rd July 2018 at 06.00pm at the Shangri-La Hotel, Colombo. The […]

Anantaya Resorts and Spas receive TripAdvisor certificates of excellence 2018

Reaffirming its efforts toprovide an exceptional guest experience, Anantaya Resorts and Spas recently received the ‘Certificate of Excellence 2018’ from TripAdvisor.Offering a luxury experience amidst tranquil settings, the Anantaya Resorts in Pasikudah and Chilaw have consistently earned positive reviews from both local and international travellers. Commenting on the certificate received, LAUGFS Leisure Director/Chief Executive Officer, […]

AMCHAM presents insights on FDI and U.S. investor perspectives in Sri Lanka

Jul 18, 2018 (LBO) – In order to facilitate continued investment within Sri Lanka it is important to have clarity on the FDI landscape, and identify potential barriers as well as possible solutions, the American Chamber of Commerce (AMCHAM) in Sri Lanka said. The Chamber releasing a statement said that these are the key objectives addressed […]

Additional loan for Kaluganga project from Saudi Fund for Development

The Kaluganga Development Project is currently being implemented by the Ministry of Mahaweli Development and Environment with the financial assistance of Saudi Fund for Development (SFD), Kuwait Fund for Arab Economic Development (KFAED) and OPEC Fund for International Development (OFID). Kaluganga Reservoir has a capacity of 265 million cubic meters (MCM) of water and will […]

Gotabhaya not yet selected as SLPP presidential candidate: MR Media Unit

July 18, 2018 (LBO) – Former President Mahinda Rajapaksa has not yet named the next presidential candidate of the Sri Lanka Podujana Peramuna (SLPP), Media Secretary to the former President, Rohan Welivita said. Issuing a media release, Welivita said it has come to their notice that a forged document purporting to be a media release […]

Global businesses turn to Oracle blockchain service to speed transactions securely

Arab Jordan Investment Bank, CargoSmart, and Intelipost are among early adopters of enterprise-class distributed ledger service  July 16, 2018 (media release) – Businesses around the world have been deploying an early adopter version of Oracle Blockchain Cloud Service, which becomes generally available today. The service allows organizations to easily build blockchain networks to drive more secure […]

Virtusa’s Kris Canekeratne selected as EY Entrepreneur of the year 2018

Jul 18, 2018 (LBO) – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services announced that its Chairman and CEO, Kris Canekeratne, is a winner of the EY Entrepreneur of The Year® 2018 Award in the New England region for the Business Process Outsourcing category. The awards program took place on June 28, […]

Blue Ocean Group wins multiple awards at Asia Property Awards 2018 in Sri Lanka

Blue Ocean Group, one of Sri Lanka’s leading real estate developer was yet again in the limelight at the inaugural PropertyGuru Asia Property Awards – Sri Lanka award ceremony recently held at the Shangri-La Hotel, Colombo. Blue Ocean Group was nominated for an impressive total of eight awards including multiple nominations for the Special Recognition […]

‘s growth

By Dr. Ganeshan Wignarajah Fixing Sri Lanka’s Labour Market: Comparative Lessons  July 17, 2018 (LBO) – The recently published ‘Sri Lanka Development Update 2018’1 by the World Bank focuses on creating more and better jobs for an upper middle-income Sri Lanka. It usefully analyses the state of Sri Lanka’s labour market and identifies challenges to […]

Altair takes top honours at 2018 PropertyGuru awards in Colombo

Altair won four top awards at the 2018 PropertyGuru Asia Property Awards in Colombo, taking the major honours at this prestigious event held for the first time in Sri Lanka to recognise leading players in the country’s real estate sector.The iconic twin tower luxury residential development was presented with the Overall Award for ‘Best Condominium […]

IIT students showcase innovative IT and business solutions

Informatics Institute of Technology (IIT), the pioneer in British higher education in Sri Lanka, conducted the latest edition of “Cutting Edge”, the annual exhibition showcasing projects done by its students at the BMICH recently. Cutting Edge is an exhibition of innovative, state-of-the-art IT and business solutions researched and developed by the IIT students who are […]

Comm Bank introduces Flash – Sri Lanka’s first fully-fledged Digital Bank Account

The Commercial Bank of Ceylonhaslaunched Sri Lanka’s first fully-fledged DigitalBankAccountdesigned to be the next evolution in digital financial services and financial wellness. Branded ‘Flash,’ the product was developed in partnership with the Singapore-based company ‘Kashmi’ that introduced aninnovative social paymentsapp in Singapore in 2016. The Bank said the Flash Digital Bank Account hopes to bring […]

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