Category: Industry
Opinion: Sri Lanka’s Quest for a Rules-based Indian Ocean
February 6, 2019 (LBO) – Sri Lanka’s Quest for A Rules-based Indian Ocean Dr. Ganeshan Wignaraja and Dr. Dinusha Panditaratne* The evolution of Sri Lanka’s foreign policy since the election of a unity government on 8 January 2015 merits interest. Changes include the country’s engagement with a wider range of international partners, as well as […]
LankaClear says their payment network has not been compromised
Feb 05, 2019 (LBO) – Operator of Sri Lanka’s national payment network, LankaClear assures the general public that their payment network, LankaPay has not been compromised as it is fully secured adhering to international PCI-DSS security standard. The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle […]
From Toronto to Toddy, a Jaffna Entrepreneur’s Journey
By Jekhan Aruliah When it comes to investment in the North there is far more talk than there is action. A rare example of action is Suganthan Shanmuganathan. Having fled the Sri Lankan Civil War 25 years ago as a teenage schoolboy, Suganthan came back to Jaffna from Canada in 2014 with his wife and […]
Fitch announce re calibration of Sri Lankan National rating scale
Feb 05, 2019 (LBO) – Fitch Ratings said today it will re-calibrate the Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers following the downgrade of the country’s sovereign rating to ‘B’ from ‘B+’ on 3 December 2018. The full statement follows: Fitch Ratings-Hong Kong/Singapore-04 February 2019: Fitch […]
Google+ requests consumers to save photos & videos before shutdown
Feb 01, 2019 (LBO) – American multinational technology company Google is requesting its consumers to download and save the content shared in their personal Google+ profiles as the company has decided to shut down the service for consumers by April 2019. The company said the decision was taken due to low usage and challenges involved […]
Sri Lanka’s John Keells Holdings profits up 7-pct in 3Q
Jan 31, 2019 (LBO) – Profits attributable to equity holders of the diversified John Keells Holdings group rose 7 percent to 4.8 billion rupees in the December 2018 quarter with revenues increasing 17 percent to 36.5 billion, its interim accounts showed.The Group profit before tax at 5.63 billion rupees in the third quarter is a […]
Enterprise Sri Lanka loan scheme disburses Rs217mn to over 500 recipients
Jan 31, 2019 (LBO) – Policy Development Office of the Prime Minister’s Office says the “Thurunu Diriya” loan scheme, which was implemented to empower small and medium young entrepreneurs, successfully disbursed the 500th loan last week.Accordingly, at the end of January 2019, a total of 515 “Thurunu Diriya” loans worth more than 217 million rupees […]
Sri Lankan ports need shift from regional transshipment to global maritime hubs
Jan 31, 2019 (LBO) – Sri Lanka Ports Authority said the final draft of the National Policy for Maritime and Logistics Sectors has been presented to the Ports & Shipping Minister Sagala Ratnayaka, today. The draft has been prepared to understand the importance of a national policy for the alignment of maritime and logistics sectors […]
Arjuna proposes short term solution to prevent delays at Katunayake Airport
Jan 31, 2019 (LBO) – Sri Lanka’s Transport and Civil Aviation Minister Arjuna Ranatunga has proposed a short term solution to prevent delays passengers experiencing at the Katunayake, Bandaranaike International Airport. Accordingly, new guides will be deployed at various places inside the airport who will guide the passengers to immigration and emigration counters and to […]
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Jan 31, 2019 (LBO) – Fitch Ratings has assigned DFCC Bank’s proposed Sri Lanka rupee-denominated senior debentures an expected National Long-Term Rating of ‘AA-(lka)(EXP)’.The notes, which will total LKR10 billion, will mature in five, seven and 10 years and carry fixed coupons.The bank plans to use the proceeds to support its loan expansion and to […]
SLASSCOM hosts first-ever RPA Hackathon and Conference
Jan 31, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) will host the first-ever Robotic Process Automation (RPA) Conference and Hackathon Awards on 13th February 2019 at the Galle Face Hotel. Organized by the SLASSCOM Business Process Management (BPM) Forum, this event has already seen many companies submitting entries for […]
Colombo Port to get pilot boats for more efficient service
Jan 31, 2019 (LBO) – The Sri Lanka Ports Authority (SLPA) will sign an agreement with Colombo Dockyard PLC to build two pilot boats for Colombo Port enabling it to handle a greater volume of activities with more efficiency. A pilot boat is a type of boat used to transport maritime pilots between land and the […]