Author: lbostgadmin
DFCC group profits drop in Q1 2018
May 01, 2018 (LBO) – Sri Lanka’s DFCC Group recorded a profit before tax of 1,545 million rupees and profit after tax of 1,110 million rupees as compared to 1,647 million rupees and 1,301 million rupees respectively in the comparative period in 2017. BANK RESULTS Income Statement The Bank reported a profit before tax of […]
Netherlands Embassy hosts floriculture event at National Day celebrations
the Embassy of the Kingdom of Netherlands perfumed Trace Expert City with the scent of flowers, as it held a series of events to celebrate the floriculture industries of Sri Lanka and the Netherlands. The programme consisted of a floral arrangement competition, exhibition and a training workshop with floriculture experts from the Dutch agricultural vocational […]
Pan Asia Bank posts Rs 498 mn PBT in 1Q
(PRESS RELEASE) – Pan Asia Banking Corporation PLC reported Rs 498 million in profit before tax for the quarter ended in March 31, 2018 (1Q’18) powered by a steady growth in new loans and improvement in overall margins which was resulted by prudent asset – liability pricing amidst rising market interest rates. This enabled the bank […]
Softlogic introduces the next generation data centre
Educates on upcoming new technologies of world’s largest data center infrastructure supplier Softlogic Information Technologies Pvt Ltd, one of the country’s leading software and hardware solutions providers and a subsidiary of Softlogic Holdings PLC, conducted the latest in a series of events titled “The Future Enterprise” for its corporate customers at The Galadari Hotel […]
Lord Buddha’s Sacred Relics from Pakistan arrived in Sri Lanka
In order to present the richest Buddhist historical legacy to the Sri Lankan people, Pakistan has sent the most sacred relics of the Lord Buddha to Sri Lanka on April 28, 2018 for exposition in connection with the Annual Buddha Rashmi National Vesak Festival.Sri Lankan Minister for Buddha Sasana, Hon.Gamini Jayawickrema Perera along with Parliamentarians, […]
Inaugural talks under SL-AUS Trade & Investment Framework Agreement
Inaugural talks under the Trade and Investment Framework Agreement (TIFA) between Sri Lanka and Australia were held on 19 April in Canberra at the Department of Foreign Affairs and Trade. This was the first bilateral discussion taking place after the TIFA was signed in Colombo on 2 November 2017, during the visit of Australian Prime […]
China Harbour Engineering to construct 7-star Achilleion project
Apr 27, 2018 (LBO) – Sri Lankan real estate player Blue Mountain has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its Seven Star Luxury Project. Press release issued by Blue Mountain Apartments is reproduced below. In a historic move, Sri Lanka’s real estate major, Blue Mountain, has signed an agreement with […]
Opinion: Towards a Common Future: a revitalised & relevant Commonwealth
By James Dauris – British High Commissioner to Sri Lanka The recent Commonwealth Heads of Government Meeting in London brought together leaders representing the interests of 2.4 billion people, nearly one third of the world’s population. Sri Lanka is no stranger to CHOGM. It hosted the meeting in 2013 and President Sirisena led the delegation to […]
World Bank approves USD100Mn to help Sri Lanka modernize education system
Apr 27, 2018 (LBO) – World Bank Board of Executive Directors on Thursday approved a 100 million US dollars credit to support Sri Lanka’s efforts to strengthen and modernize its education system. The General Education Modernization Project (GEM) will modernize and diversify the curriculum of general education in keeping with the transformation taking place in […]
Korea Eximbank provides consultation for automated tax system for CMC
The Export-Import Bank of Korea (Korea Eximbank) has agreed to provide KSP (Knowledge Sharing Program) policy consultation to establish an automated taxation system in the Colombo Municipality.The Korean consultant team conducted the inception workshop at the Colombo Municipal Council under the chairmanship of her worship the Mayor Rosy Senanayake. The KSP is expected to be […]
CK Hutchison and Etisalat Group to merge Sri Lanka operations
Apr 26, 2018 (LBO) – CK Hutchison Group and Emirates Telecommunications Group Company PJSC (“Etisalat Group”) have entered into a definitive agreement to merge their mobile telecommunications businesses in Sri Lanka. They will operate under Hutchison Telecommunications Lanka (Private) Limited (“Hutch Lanka”) and Etisalat Lanka (Private) Limited (“ESL”) respectively.The combined business of Hutch Lanka and ESL […]
OPPO unleashes F7, the selfie expert phone
(PRESS RELEASE) OPPO, the Selfie Expert and Leader, today launched the F7. The latest Selfie Expert, powered by Artificial Intelligence (AI), takes smartphone technology to new heights. The F7 utilizes improved AI technology for selfie photography in addition to many more AI-powered operational features. Together with the Super Full Screen and upgraded multi-tasking software, the […]