Category: Other
ETL Colombo denies claims as the importer of waste cargo
Jul 25, 2019 (LBO) – ETL Colombo (Pvt) Ltd. outrightly denied any claims that they are the ultimate importer of the 130 containers of “Used Mattresses” imported to Hayleys Free Zone, Katunayake for reprocessing and re-export as legally permitted by the Hub Act. The actual owner and the key stakeholder of the said cargo is […]
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) – The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement said. It predicts growth of 3.2 percent in 2019, down from its April forecast of 3.3 percent while next year it is set to pick up to 3.5 percent […]
‘s economic resurgence: MAS Chairman Mahesh Amalean
July 23, 2019 (LBO) – Clarity is what gives businesses enormous strength, direction and focus in a challenging environment to regain and sustain economic resurgence, says Chairman of MAS Holdings, Mahesh Amalean. Speaking about Sri Lanka’s current economic context at a panel discussion organized by the Ceylon Chamber of Commerce recently, he highlighted that the […]
Hayleys Free Zone decides to process & re-export cargo in question expeditiously
July 22, 2019 (LBO) – Hayleys Free Zone Limited today revealed that it has taken a decision to process the cargo in question and re-export them expeditiously at the cost of the company. Last Friday, the BOI said that they have decided to take stern action against the company with a view to concluding this […]
YMBA Independent Movement forms national agenda; calls for one law for all Sri Lankans
July 20, 2019 (LBO) – An Independent National Movement led by the Colombo YMBA, after deliberations, have come up with a four-point national agenda capturing all issues presently tearing the country apart. Addressing the Diplomatic Community yesterday, General Secretary of Colombo YMBA, Mahendra Jayasekara detailed the four points. Address to the Diplomatic Community on ‘One […]
EU reiterats call to maintain moratorium on death penalty in Sri Lanka with view to abolition
Jul 18, 2019 (LBO) – The Delegation of the European Union (EU) issuing a statement said they reiterated their call to Sri Lanka to maintain its moratorium on the death penalty with a view towards complete abolition. The statement was issued in agreement with the Embassies of France, Germany, Italy, Netherlands, Romania and the UK […]
ComBank launches Sri Lanka’s first QR based payment app under LANKAQR
The Commercial Bank of Ceylon has launched ComBank Q+ – the first Quick Response (QR) based payment app to be launched under LANKAQR – creating history yet again by introducing technology that matters in the lives of the Bank’s customers. LANKAQR is the national QR standard for local currency payments introduced by the Central Bank […]
JICA extends JPY 263mn grant for Sri Lanka public sector development
July 18, 2019 (LBO) – Japan International Cooperation Agency on Wednesday extended a grant agreement under JDS amounting to 263 million Japanese Yen (Rs 420mn) for young government officers to undergo studies in top Japanese universities in their selected professions. The signing of the present grant agreement will enable 17 fellows to undergo Masters and […]
Lagarde to resign from IMF w.e.f Sept; selection process for next MD to start promptly
July 17, 2019 (LBO) – IMF Executive Board has accepted Managing Director Christine Lagarde’s resignation from the fund with effect from 12 September 2019. “We would like to express our greatest appreciation for all that Managing Director Lagarde has done for the institution,” the IMF said in a statement. According to the IMF, her legacy […]
SenzMate, the Internet of Things tech company born in Jaffna
By Jekhan Aruliah I visited SenzMate a few months ago, and am only now getting around to writing about them. The reason for my hesitation has been although this is a Jaffna born company it is no longer in Jaffna. My objective in these articles is to root for businesses to move North. SenzMate had […]
EU offers EUR 8.5mn for Sri Lanka to focus on counter-narratives, online radicalisation
July 15, 2019 (LBO) – The European Union (EU) and Sri Lanka held on Monday an informal counterterrorism dialogue, chaired on the EU side by EU Counterterrorism Coordinator Gilles De Kerchove, accompanied by EEAS Head of Division for Counterterrorism John Gatt-Rutter, and on the Sri Lankan side by Acting Secretary of Foreign Affairs, Ahmed A. […]
England wins 2019 Cricket World Cup
Jul 15, 2019 (LBO) – England pulled off the greatest World Cup final win over New Zealand to secure cup after a nail-biting tie-break finish, Sunday at Lords. Both teams ended up equals, not once, but twice.First, in the regular game, then in the Super Over. Eoin Morgan’s side finished on 241 all out in […]