Category: Featured
President orders to ensure adequate fertilizer supply during Yala season
Mar 04, 2020 (LBO) – President Gotabaya Rajapaksa has directed officials to ensure supply of the required amount of fertilizer for the Yala season without delay. The fertilizer stocks are due to arrive in the island within the coming weeks. The President further instructed to design a proper procedure to swiftly distribute fertilizer among all […]
Sri Lanka to host UN World Tourism Organization Conference in June
Mar 03, 2020 (LBO) – The 32nd joint meeting of UN World Tourism Organization’s Commission for East Asia and the Pacific and the UNWTO Commission for South Asia will be hosted by Sri Lanka from 29th June to 01st July 2020 in Colombo. The Sri Lanka Tourism Development Authority is currently in the process of […]
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) – Sri Lanka’s finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher capitalisation requirements approach in 2021, says Fitch Ratings. We view further consolidation of the sector as positive for financial sector stability in Sri Lanka, but the process could be impeded by […]
Easter Sunday attacks: Second interim report handed over to President
Mar 03, 2020 (LBO) – The second interim report of the Presidential Commission of Inquiry appointed to probe Easter Sunday attacks was handed over to President Gotabaya Rajapaksa at the Presidential Secretariat, Monday. The first interim report was handed over on December 20th, 2019. The Commission was appointed by the former President Maithripala Sirisena on […]
Parliament dissolved: General elections on Apr 25th
Mar 03, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa dissolved Parliament last night calling for a General Election is to be held on April 25, 2020. The new Parliament is to meet on May 14 with nominations to be called between 12 and 19 March 2020. The Gazette notification was issued by the President […]
Opinion: Why we drink our own champagne
By Sal Laher, chief digital & information officer, IFS Both service providers as well as their customers rely on technology to help their operations and business growth. Technology can be used to break down regional barriers, and to enhance the ability to operate as one global team. Many service providers have acknowledged the need to […]
President recognizes 109 government institutions with high performance awards
Mar 02, 2020 (LBO) – On the recommendation of the Committee on Public Accounts (COPA), government bodies which have achieved a high performance level in the year 2018 were presented with awards at the Parliamentary Complex, recently under the patronage of President Gotabaya Rajapaksa. Of the 844 institutions of State, Provincial Councils and Local Government […]
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) – Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the SEC for 13 years has been removed from the post with immediate effect. The decision to remove Wijegunawardane was by the Commissioners of the SEC SEC Director Litigation Chinthaka Mendis has […]
‘Sancharaka Udawa’ to play pivotal role in boosting tourism industry
Mar 02, 2020 (LBO) – The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced that the 10th edition of the Sancharaka Udawa -Sri Lanka’s only travel and tourism exhibition- will be held this year at the BMICH on 15 and 16 May. The announcement was made alongside main sponsor Sri Lanka Tourism. Designed to […]
UN rights chief regrets Sri Lanka withdrawal from resolution
Feb 28, 2020 (LBO) – The United Nations’ human rights chief expressed regret on Sri Lankan government’s decision to withdraw its co-sponsorship of a 2015 resolution backing an investigation into alleged human rights violations during the island’s civil war, Thursday. Michelle Bachelet addresssing the U.N. Human Rights Council sessions in Geneva said that the decision […]
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) – HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT and remains the best capitalized bank in the sector. HNB Chairman Dinesh Weerakkody stated that “the year that preceded us has been extremely challenging with […]
FM will formally inform decision of govt. to withdraw co-sponsorship of resolution
Feb 26, 2020 (LBO) – Minister of Foreign Relations, Skills Development, Employment and Labour Relations, Dinesh Gunawardena who leads the Sri Lanka delegation to the 43rd Session of the Human Rights Council is scheduled to address the High Level Segment of the Human Rights Council (HRC), Wednesday. He will formally inform the Council Members of the […]