Author: lbostgadmin
CEB wants to lift non-conventional renewable energy to 17-pct by 2019
Mar 07, 2017 (LBO) – Sri Lanka’s state owned Ceylon Electricity Board has set a target to increase electricity generation from renewable resources from the current 10 percent to 17 percent by the end of 2019. Increasing nonconventional renewable energy generation composition is one performance target that CEB has agreed to adhere in line with […]
‘s Madu Ratnayake recognized as one of India’s best 50 CIOs
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announced that, Madu Ratnayake, executive vice president, CIO and head of business process excellence, has been recognized as one of India’s Top 50 CIOs in the latest edition of […]
‘s real estate industry calls for more regulation
Mar 07, 2017 (LBO) – Sri Lanka’s real estate brokers, agents and developers need to professionalize services with the involvement of the the government to ensure future growth, industry officials said. “The emerging and perhaps urgent need of the real state industry is for some type of regulation to be introduced in order to regulate […]
President Sirisena on State Visit to Indonesia
(PRESS RELEASE) – President Maithripala Sirisena who left for Indonesia this morning, 6 March 2017, arrived in Jakarta today. He will participate in the20th Anniversary Summit of the Indian Ocean Rim Association (IORA) in which Sri Lanka is a founding member, on 6 and 7 March. This will be followed by a State Visit on 8 March. A State Visit to Indonesia takes place […]
Flemington Rajagiriya Apartments records 60-pct of apartments sold
(PRESS RELEASE) – Colombo, 07 February 2017 – Sri Lanka’s first Australian inspired condominium, The Flemington, Rajagiriya records 60% of apartments sold, following the start of construction in November 2016. The Rajagiriya condominium project by EliSh Development, marketed to the local market, has seen 70% of apartments sold to Sri Lankans residing locally and 30% […]
‘s Foreign Minister takes part in IORA
(PRESS RELEASE) – Minister of Foreign Affairs, Hon. Mangala Samaraweera attended the Ministerial Meeting of the 20th Anniversary of the Indian Ocean Rim Association (IORA) in Jakarta, Indonesia. The meeting is being held on the theme of “Strengthening maritime cooperation for a peaceful, stable and a prosperous Indian ocean region”. Speaking at the discussion on the future […]
Opinion: Commonwealth roundtable to kickoff ambitious ‘Agenda for Growth’
By Patricia Scotland, Commonwealth Secretary-General This week, Commonwealth Trade and Investment ministers will meet for the first time in London at Marlborough House, the Commonwealth’s headquarters. The two-day meeting, jointly organised with the Commonwealth Enterprise and Investment Council, will kick-start an ambitious ‘Agenda for Growth’ across the Commonwealth’s 52 member countries. Our challenge is to […]
Top innovation leaders of JKH, MAS, Hemas & CodeGen to speak at CCC event
The leaders driving innovation in Sri Lanka’s top firms will share expert insights and practical lessons at the upcoming ‘Future of Business’ Innovation Strategy and Learning Event organized by the Ceylon Chamber of Commerce, and will spell out the key ingredients needed in building in-house innovation teams. Mr. Nathan Sivagananathan, Chief Growth Officer of MAS […]
Toronto begins to rival Silicon Valley for tech startups
Mar 07, 2017 (LBO) – Toronto’s startup community has begun to rival Silicon Valley and offers more advantages to new companies. One reason is that the 2,100 and 4,100 tech start-ups in Toronto’s ecosystem don’t have to compete for engineers with Google and Facebook. “To compete in that environment for the best talent would be […]
Sri Lanka Commercial Bank to raise Tier 1 capital with rights issue
Mar 07, 2017 (LBO) – Sri Lanka’s Commercial Bank has decided to raise 10 billion rupees through a rights issue of voting and non voting shares, the company said in a stock exchange filing. Subject to stock exchange and shareholder approval, the bank is to issue 84,515,987 ordinary voting shares at 113. 60 rupees each […]
‘s DFCC Bank receives ISO 27001:2013 certification
DFCC Bank was recently awarded the ISO 27001:2013 certification in recognition of implementing the best practices in legal, physical and technical control for information security management. The certificate was awarded to Palitha Gamage, Chief Risk Officer – DFCC Bank by Shan Nanayakkara, General Manager – Bureau Veritas Sri Lanka, at the awarding ceremony held at […]
New Zealand business delegation in Sri Lanka to strengthen links
A business delegation of fourteen New Zealand companies arrived in Sri Lanka on 6 March to further strengthen business links between the two countries. Sri Lanka is New Zealand’s 23rd largest goods export market and is worth NZD$254million. New Zealand is Sri Lanka’s 54th largest goods export market worth NZD$55million. New Zealand’s top exports to […]