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EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its distribution centers and freeport to support day-to-day operations. Through this move to automate repetitive processes across its portfolio, the country’s most dynamic supply chain […]
‘s ordinary technology, US politicians exaggerated its role: Huawei
May 06, 2019 (LBO) – Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, whilst United States politicians have exaggerated its role, only to call people’s attention to the 5G technology. “There is basically no Huawei equipment in the US networks. If networks are […]
Proposed counter terrorism law, a comprehensive relief package for terrorists: MR
May 05, 2019 (LBO) – Sri Lanka’s proposed counter-terrorism law is, in fact, a comprehensive relief package for terrorists, the Opposition Leader Mahinda Rajapaksa said.Releasing a statement to the media, the ex-President said if the proposed Counter-Terrorism Bill is passed into law, it will seriously hamper ongoing efforts to suppress terrorism following the Easter Sunday […]
‘s rupee weak as foreigners exit bonds after Easter Sunday terror
May 5, 2019 (LBO) – Money has started to flee Sri Lanka’s bond markets in the aftermath of the devastating ISIS inspired Easter Sunday terrorist attacks. A net of close to US$20mn has exited from Sri Lanka’s government bond market in the past week. Before the attacks, Sri Lanka was starting to see more positive […]
‘s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka’s private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port tariffs.In a joint statement, the private sector representatives involved in the import-export business said the opposition to the tariff hike is based on several reasons. “Amongst them is the […]
UK Security and Economic Crime Minister visits Sri Lanka
The UK Minister for Security and Economic Crime, Ben Wallace, is returning from Sri Lanka following a two-day visit. The Minister, who arrived on Thursday 2 May, visited to reiterate the UK’s condolences following the attack on Easter Sunday which killed at least 250 people, including at least 8 British nationals. As part of his […]
Prime Minister urges business community to place their trust in government
May 03, 2019 (LBO) – Prime Minister Ranil Wickremesinghe urges the business community to place their trust in the government and says steps have been taken to resolve the current situation as early as possible and ensure the smooth flow of economic activity. A delegation of the Ceylon Chamber of Commerce led by Chairman Rajendra Theagarajah […]
Seylan Bank reports 11-pct year on year growth in 1Q 2019
May 03, 2019 (LBO) – Seylan Bank has made a steady start in 2019 by posting a Profit after Tax of 903 million rupees in the first quarter, up 11.10 percent from a year earlier, its interim accounts showed. Profits attributable to the equity holders of the Seylan Bank group rose 8.14 percent to 817 […]
Central Bank considering alternatives to revive Swarnamahal Financial Services
May 02, 2019 (LBO) – Sri Lanka’s Central Bank said they are currently considering alternative measures to revive Swarnamahal Financial Services PLC as the buyer failed to remit the remaining amount for the disposal of ETI Finance Ltd (ETIF).Monetary Board gave its concurrence on 21 February 2018 to dispose identified subsidiary, sub-subsidiary companies and investment properties of ETIF for […]
UN Under-Secretary General meets PM; pledges support
May 02, 2019 (LBO) – The Under-Secretary General of the United Nations Miguel Angel Moratinos visited Sri Lanka and paid a courtesy call on the Prime Minister, expressing his condolences with regard to the Easter Sunday Attack, and pledging their support to the Government of Sri Lanka. He stated that the entire international community is […]
Inter-faith meeting in UK Parliament deplores Sri Lanka Easter Sunday terror attacks
Members of Parliament, faith leaders and Sri Lankan diaspora deplore Sri Lanka terror attacks as ‘not in our name’ and propound universal loving kindness and solidarity at inter-faith meeting in UK Parliament UK Members of Parliament, faith leaders and the British Sri Lankan community leaders deplored the Easter Sunday terror attacks in Sri Lanka, condoled […]
Ceylon Chamber proposes action points for reviving Sri Lanka
May 02, 2019 (LBO) – Ceylon Chamber of Commerce has proposed several action points for reviving the Nation following the acts of terrorism which occurred on Easter Sunday. Consequent to concerns discussed at its April meeting of the Chamber Committee, the Ceylon Chamber of Commerce has sought meetings with President and Prime Minister to discuss matters relating […]