Author: lbostgadmin
More public-private collaboration needed during humanitarian crises: WEF
Feb 15, 2017 (LBO) – Public-private collaboration in the humanitarian space is being discussed, as highlighted at the recently concluded World Economic Forum, with options mapped out for greater “digital humanitarianism. ” The humanitarian programme of the World Economic Forum, at the Annual Meeting 2017 in Davos-Klosters, Switzerland last month, provided a platform to discuss […]
‘s national insurance scheme
Feb 15, 2017 (LBO) – Sri Lanka has taken a step forward in its policy making by introducing a national insurance scheme, the World Food Program said. Executive Director of World Food Program Ertharin Cousin said that the WFP can provide technical assistance to deal with natural disasters such as floods, earth slips or drought. “Technical assistance […]
Fitch revises Sri Lanka Insurance & SLT outlook to stable from negative
Feb 14, 2017 (LBO) – Sri Lanka’s Fitch Ratings has revised the outlook on Sri Lanka Insurance Corporation’s insurer financial strength rating to stable from negative, and affirmed its rating at ‘B+’. Meanwhile, the rating agency has also revised the outlook on Sri Lanka Telecom long-term foreign- and local-currency issuer default ratings to stable from […]
Hayleys 3Q16 profits grow by 8-pct to Rs.1.1Bn
(PRESS RELEASE) – Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended 31st December 2016 (3Q16). Revenue during the quarter increased by a sharp 27% YoY up to Rs. 30 billion buoyed by strong performances across in the Group’s Agriculture, Construction Materials […]
South Asian stock exchange officials to meet in Colombo
Feb 14, 2017 (LBO) – The Colombo Stock Exchange (CSE) will host the executive committee board meeting for the current term of the South Asian Federation of Exchanges (SAFE) on the 27th of February 2017. “The event will strengthen cooperation among our exchanges and create opportunity for cross-border investment linkages,” Vajira Kulatilaka, chairman, SAFE and CSE […]
Sri Lanka’s Sampath Bank profits surge 67-pct in Dec quarter
Feb 14, 2017 (LBO) – Shareholder profits at Sri Lanka’s Sampath Bank group surged 67 percent to 2.56 billion rupees in the December quarter from a year earlier, interim accounts showed. The group reported earnings of 14. 44 rupees per share for the quarter against 8.91 rupees per share last year. For the year ended […]
Prime Minister receives honorary doctorate from Deakin University Australia
Prime Minister Ranil Wickremesinghe was awarded an honorary doctorate in law at the graduation ceremony of Deakin University in Australia for significant contributions in reforms in economy, education and human rights in Sri Lanka, PM’s office said. The award recognises his efforts to help Sri Lanka transition from a country traumatised by protracted, violent conflict toward […]
BOC, Mastercard team up to enable faster payment innovation
Bank of Ceylon (BoC) announced that it will be strengthening its longstanding partnership with Mastercard, enabling it to tap into Mastercard’s global technology and expertise to bring payment innovation to Sri Lanka faster. The Bank aims to roll out safer, smarter, and more innovative payment options by connecting to Mastercard Integrated – a back-end technology […]
Rice millers call for release of govt stock to maintain price control
Feb 14, 2017 (LBO) – Sri Lanka’s Small and Medium Scale Rice Mill Owners’ Association says if they are to sell rice to consumers at a controlled price the government needs to release 67,000 metric tons of paddy in store at the Paddy Marketing board. This request was made at a meeting held with Finance Minister Ravi […]
DFCC launch ‘Vardhana Sahaya’ with govt initiated ‘Swashakthi’ for small enterprise sector
(PRESS RELEASE) – After six decades of nurturing small and medium businesses to become leading enterprises in their respective sectors, DFCC Bank is pleased to launch Vardhana Sahaya, effectively extending its expertise to the small enterprise category. Vardhana Sahaya is a new product for the small enterprise sector which offers a range of financial services including […]
Governments increasingly using emerging technologies: summit report
Feb 14, 2017 (LBO) – Governments are increasingly incorporating emerging technologies to improve public services, according to a report presented at the recent World Government Summit in Dubai. The Best Government Emerging Technologies report says several countries are now exploring “emerging technologies to provide government services more efficiently, effectively and have proven results.” Specifically, the […]
Asia shares notch 19-month highs, dollar firm
SYDNEY, Feb 14 (Reuters) – Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. The dollar was also bolstered by speculation the head of the Federal Reserve would underline the prospects of more U.S. rate hikes […]