Author: lbostgadmin
Mastercard Offers Greater Value for Premium Cardholders in Sri Lanka
Mastercard unveiled an enhanced suite of benefits and privileges exclusively for World and Platinum Mastercard consumer credit cardholders in Sri Lanka.Based on the company’s experiences from around the world as well as its understanding of the local market, the benefits program has been realigned with the evolving lifestyles and spending priorities of the growing number […]
Colombo stocks pop, led higher by John Keells Holdings (JKH)
July 17, 2018 (LBO) – The Colombo Stock Exchange finished markedly higher in one of the strongest days in weeks. The ASPI finished up .8% and the S&P SL 20 finished up 1.27% on the session. Turnover was still light at Rs454mn (US$2.8mn), while foreign selling more or less equaled foreign buying at just over […]
US Trade Court nullifies tax on Sri Lanka rubber tyre imports in historic judgement
July 17, 2018 (LBO) – Sri Lanka has won the first ever revocation of countervailing duty imposed in US for a Lankan export with the removal of duties on the import of off-the-road (OTR) rubber tyres from Sri Lanka to the United States, Ministry of Industry & Commerce said in a statement. The statement is […]
Fitch downgrades Melsta Regal Finance; affirms 9 Sri Lankan Finance Companies
July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance’s National Long-Term Rating to ‘B(lka)’ from ‘A+(lka)’ and removed the Rating Watch Evolving while assigning a Stable Outlook. The agency has also affirmed the ratings of the following nine finance companies: – Central Finance Company PLC (CF) – LB Finance PLC (LB) […]
Softlogic & Samsung launch Global Samsung Experience Store in Sri Lanka
Softlogic partnered with Samsung to officially open its first branded Experience Store in Sri Lanka this week with a ribbon-cutting ceremony by Mr Ashok Pathirage, Chairman/Managing Director, Softlogic Holdings PLC & Mr Hanbae Park, Managing Director, Samsung Sri Lanka. The new Samsung experience store at 14 De Fonseka Place, Colombo 5 operates collaboratively with retail […]
Dialog becomes Sri Lanka’s first cloud service provider to offer VMware
July 17, 2018 (LBO) – Sri Lanka’s leading telecommunications service provider, Dialog Axiata on Tuesday partnered with VMware to strengthen the country’s enterprise cloud market. With this partnership, Dialog Axiata becomes Sri Lanka’s first cloud service provider to offer VMware based cloud services to organizations using a fully automated and flexible platform.This platform will support […]
Asia Property Awards debuts in Sri Lanka: Honors industry’s growing potential
Jul 17, 2018 (LBO) – Sri Lanka’s real estate industry was honored at the first PropertyGuru Asia Property Awards which was held at the Shangri-La, Colombo, recently. The awards recognised the real estate sector’s tremendous potential, with the island’s most innovative developers and current developments of the year chosen by an independent panel of experts following […]
CSE to host briefing for potential Empower Board sponsors
Jul 17, 2018 (LBO) – The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) recently launched “Empower”, a listing platform fostering capital raising and growth opportunities for Sri Lankan Small and Medium Enterprises (SMEs). SMEs around the country now have at their disposal a range of new capital raising […]
Opinion: Lessons from Lakshman Kadirgamar, a master networker in a pre-Linkedin world
By Ajita Kadirgamar July 16, 2018 (LBO) – Long before the advent of the internet, social media and professional networking sites such as LinkedIn, Sri Lankans were masters of the networking game. Networking, whether social or professional is basically, ‘the exchange of information and ideas among individuals or groups that share a common interest’.It has […]
Capital Trust Residencies wins multiple awards at Asia Property Awards 2018
Capital TRUST Residencies (Pvt) Ltd clinched four prestigious awards at the PropertyGuru Asia Property Awards 2018 held at Shangri-La Hotel Colombo on 12th July 2018.Among them was one of the major awards at the ceremony, the “Best Boutique Developer”. The company’s Thimbirigasyaya Road, Colombo 05 project won “Best Mid End Condo Development (Colombo)” and also […]
EU, Canada, Norway diplomatic missions oppose death penalty in Sri Lanka
July 16, 2018 (LBO) – Delegation of the European Union (EU) to Sri Lanka and diplomatic missions of Canada and Norway have strongly and unequivocally opposed capital punishment in all circumstances and in all cases. Sending a letter to the President, they said the death penalty is incompatible with human dignity, does not have any proven […]
France beat Croatia 4-2 to secure second FIFA World Cup title
July 16, 2018 (LBO) – France have won the 2018 FIFA World Cup Russia after defeating Croatia 4-2 in a thoroughly entertaining Final at the Luzhniki Stadium in Moscow in what was a fitting end to an outstanding tournament.Despite Croatia having the majority of possession in the opening stages, France took the lead in somewhat […]