Author: lbostgadmin
Sri Lankan Cabinet Approves Temporary Suspension of Parate Law
In a move aimed at alleviating the burden on small and medium-sized enterprises (SMEs), the Sri Lankan cabinet has approved the temporary suspension of the implementation of the parate law. The decision was announced following a cabinet paper presented by President Ranil Wickramasinghe, who also serves as the Minister of Finance. The parate law allows […]
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Fitch Ratings has withdrawn Home Lands Skyline (Pvt) Ltd.’s (HLSL) National Long-Term Rating. Prior to the withdrawal, HLSL’s National Long-Term Rating was ‘A(lka)’ with a Negative Outlook. Fitch is withdrawing the rating because the agency does not have sufficient information to maintain the rating. Therefore, Fitch will no longer provide analytical coverage or ratings for […]
Goumet Galle 2024: Culinary extravaganza resumes
Gourmet Galle, the culinary festival that has been tantalizing taste buds since its inception, has revealed its exciting line-up of international chefs coming to Galle until the end of March. This year promises an exquisite array of culinary gurus each weekend featuring two exclusive events—an immersive masterclass and a delectable dinner, set against the picturesque […]
Dialog Enterprise joins CIO CONFLUENCE 2024 as exclusive enterprise connectivity partner
The Banks’ Chief Information Officers Forum (BCIOF) of Sri Lanka, the largest C-level forum in the banking and financial industry in Sri Lanka, comes together to host the highly anticipated CIO Confluence for 2024. The Conference will be held on Tuesday, 27 February, at the Shangri-La Colombo and will bring together CIOs and both locally […]
99x unveils futuristic engineering frameworks at annual ‘99x Day’ gathering
99x, the renowned global product engineering company, kicked off its annual event, themed ‘Poised for the Extraordinary’ at the Kingsbury Hotel, Colombo. The gathering served as a platform to unveil several innovative frameworks to create a dynamic change within the digital product engineering landscape, enhancing both customer and developer experiences. The event saw key personalities […]
Central Bank Executive Officers’ Union Clarifies Recent Salary Revision
The Central Bank Executive Officers’ Union (CBEOU) issued a press release today to clarify the facts surrounding the recent salary revision for Central Bank employees. The statement comes amidst public discourse and criticism on the matter. Full Statement The purpose of this press release is to clarify the facts as a professional union representing the […]
CBSL Responds to Concerns Regarding Staff Remuneration Revision
The Central Bank of Sri Lanka (CBSL) has acknowledged recent media coverage of comments made by Members of Parliament regarding the latest revision of employee salaries. The CBSL emphasized that it will provide further information once granted the requested opportunity to address Parliament or receive a formal request for clarification. Full Statement Central Bank of […]
Fitch Assigns Merchant Bank of Sri Lanka & Finance First-Time Rating of BBB+(lka); Outlook Stable
Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC (MBSL) a first-time National Long-Term Rating of ‘BBB+(lka)’. The Outlook is Stable. MBSL is 84.5% owned by Bank of Ceylon (BOC, A(lka)/Stable) and other BOC group entities. BOC is the largest banking group in the country.
Port City Colombo hosts networking session with Chairman of Commonwealth Enterprise and Investment Council
Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), recently at the Port City Colombo Sales Gallery. Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s investment promotion drive, […]
CSE launches version3 of its Business Intelligence Dashboard – CSE Market IQ
The Colombo Stock Exchange (CSE) recently launched the 3 rd version of its internal business intelligence dashboard coined the CSE ‘Market IQ’ (MIQ). This advanced version of the business intelligence dashboard, which was specifically designed to convert analysed data into insights for the convenience of internal stakeholders, is a major step into the future of […]
Eran questions Speaker under Point of Order
Eran Wickramaratne, Member of Parliament of SJB, questioned the Speaker by raising a question under the standing orders, whether the Constitutional Assembly, which has been established as an independent institution, has approved the rules for approving Bills adhering to proper methods. He also questioned whether the Secure Transactions Bill, which was taken for debate in […]
US Under Secretary Concludes Visit: Emphasizes Freedom of Expression for Transparent Governance
Liz Allen, the first U.S. Under Secretary of State for Public Diplomacy to visit Sri Lanka, concluded a historic three-day trip to Colombo (February 17-19), during which she interacted with young leaders, entrepreneurs, content creators, civil society, and journalists to reaffirm U.S. support for Sri Lanka’s economic recovery and long-term prosperity. In a meeting with […]