Category: General Services
Atlas celebrates 60: Takes action against hate campaign on social media
Jul 05, 2019 (LBO) – Atlas Axillia Co., a Sri Lankan owned and operated company celebrated its 60th anniversary with a number of initiatives focused on enriching the lives of children in the country. Asitha Samaraweera, Managing Director of Atlas speaking to mark the occassion said for the past 60 years the company has been […]
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) – The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city’s transpotation system. The Ministry of Megapolis and Western Development launched the project in the presence of Prime Minister Ranil Wickremesinghe, yesterday in Colombo. The construction work is due to commence […]
Ceylon Chamber calls for more transparency on SOFA & MCC
July 03, 2019 (LBO) – Ceylon Chamber requests the Government of Sri Lanka to clarify the exact position with regards to the current status of the proposed Status of Forces Agreement (SOFA), and the Millennium Challenge Corporation (MCC) Agreement negotiations and execution. Releasing a statement, the chamber said a commitment to transparency by all parties […]
Sri Lanka – Germany fast track dialogue to assist investors and tourism
Jul 03, 2019 (LBO) – The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International Trade with the objective of addressing central issues faced by German enterprises operating in Sri Lanka under the BOI as well as facilitate new investments. Malik Samarawickrama, minister of Development Strategies […]
The Lean Six Sigma Company launches its operations in Sri Lanka
With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of the world’s leading providers of Lean Six Sigma training recently commenced its operations in Sri Lanka in partnership with DA’VISION Business Solution Pvt Ltd, making it the first country to establish their presence […]
People’s Bank will not be privatized: Finance Minister
Jun 26, 2019 (LBO) – Sri Lanka’s Finance Minister says that the recent news report in the media quoting an opposition Parliamentarian to the effect that the People’s Bank is to be privatized is completely false and misleading. Certain political parties and the Trade Union affiliated to those parties had alleged the government is to […]
Yarl Geek Challenge and Arima Technologies Bringing Silicon Valley to Jaffna
By Jekhan Aruliah “That which doesn’t kill you makes you stronger”, a much used saying originating from the 19th Century German philosopher Friedrich Nietzsche. While perhaps over-dramatic and often not true, this does apply to the Yarl Geek Challenge (YGC). YGC is a competition I have observed and in a small way supported over the […]
Hyrax Oil lubricant blending plant declared open in Muthurajawela
Jun 24, 2019 (LBO) – Prime Minister Ranil Wickremesinghe declared open the Hyrax Oil lubricant blending plant in Muthurajawela today. The is the second of its kind which has been built outside Malaysia by Hyrax Oil with a 30 million US dollar investment. The plant is a Build, Operate and Transfer (BOT) investment and the […]
Expolanka, HNB Assurance, Janashakthi, Melstacorp in new S&P Sri Lanka 20 Index
Jun 21, 2019 (LBO) – Colombo Stock Exchange (CSE) announces changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2019 mid-year index rebalance. Accordingly, Expolanka, HNB Assurance, Janashakthi Insurance, and Melstacorp have been included in the index while CTC, NTB, Richard Pieris and Tokyo Cement have been excluded. […]
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) – The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted the best container terminal in Asia in the under four million TEUs category at the prestigious asian freight, logistics and supply chain (AFLAS) awards hosted and presented by asia […]
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) – Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise Salu Sala. While we commend this decision, we are also anticipating the official gazette enacting this statement. The SaluSala, now a white elephant to society, was once the only state textile trading enterprise in the […]
CA Sri Lanka members can now obtain AICPA international associate membership
Jun 12, 2019 (LBO) – The Institute of Chartered Accountants of Sri Lanka continued to make inroads across the global accounting arena, as it signed yet another Memorandum of Understanding (MoU) with the Association of International Certified Professional Accountants (AICPA), which aims to strengthen the standing of CA Sri Lanka members internationally. The MoU signed […]