Category: Other News
Virtusa concludes first-ever LinkedIn community event in Sri Lanka
Virtusa Corporation, a global provider of digital engineering and IT services, proudly hosted the first-ever LinkedIn (LI) community event in Sri Lanka, dubbed “Connect Colombo.” The landmark event took place at the Courtyard by Marriott, marking a significant milestone in the country’s professional networking landscape. Bringing together over 200 industry leaders and mid to senior-level […]
The Colombo Port City Economic Commission approves 42 companies as AP’s
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end […]
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 […]
SJB not accepting Online Safety Bill which restricts media freedom as legislation duly passed: Eran
Eran Wickramaratne said that the main opposition, Samagi Jana Balawega, did not accept the legislation on Online Safety Act as passed in Parliament as it was processed without following due process of passing a bill in the parliament. Therefore we urge the government to cancel this piece of legislation on Online safety Bill which is […]
VAT on used vehicles hurts the common man and creates a black market – CMTA
The Ceylon Motor Traders’ Association (CMTA) made a statement claiming that the newly imposed VAT on used vehicles, has supported the creation of a black market in the industry, while increasing the market prices of used vehicles which is hurting the common man of the country. The recent implementation of VAT has stirred concerns […]
Sri Lankans resettled in Tamil Nadu receive passports
The Deputy High Commission of Sri Lanka in Chennai conducted an event on 19 January 2024 to hand over the first batch of ” All Country Passports” to Sri Lankan nationals resettled in Tamil Nadu. The Government of Sri Lanka has so far been issuing a travel document called Refugee Repatriation Passport for this segment […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Kishu Gomes
“It does not make any economic sense for the country to send out 200 housemaids to bring back the value taken away by one single CEO and that is exactly what is happening in the country.” Dr. Kishu Gomes, Group Managing Director/CEO – Dreamron Group of Companies This video interview series will feature leaders who […]
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to uncover the tenacity of each woman leader, how they pushed boundaries and find balance to rise to the top of their industry. If you are an aspiring future leader, you will […]
” rating to HNB Grameen Finance
Fitch Ratings has assigned HNB Grameen Finance Limited a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook.KEY RATING DRIVERS HGL’s rating reflects Fitch’s expectation of support from its parent, Hatton National Bank PLC (HNB; AA-(lka)/Stable). This view is based on HNB’s majority shareholding (51%), its involvement in the strategic direction of HGL through board […]
ICRA Lanka assigns [SL] BBB rating with stable outlook to Citizens Development Business Finance
ICRA Lanka, a rating agency has assigned a [SL] BBB with a stable outlook for Citizens Development Business Finance PLC. The full statement as followed : – ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd, a group company of Moody’s Investors Service has assigned a [SL]BBB (pronounced SL triple B) with a stable […]
Sri Lanka’s Fitch affirms Abans at BBB+, revises outlook to Stable
Fitch Ratings has affirmed Sri Lanka-based retailer Abans National Long-Term Rating at ‘BBB+(lka)’ and revised its Outlook to Stable from Negative. Fitch has also affirmed the National Long-Term Rating on Abans’ unsecured redeemable debentures at ‘BBB+(lka)’ and its outstanding commercial paper at National Short-Term Rating of ‘F2(lka)’. The Outlook revision reflects improvements in Abans’ net […]