Category: Other
Kavindya Thennakoon delivers inspiring commencement speech at Wellesley
June 13, 2019 (LBO) – Sri Lankan graduate Kavindya Thennakoon has delivered an inspiring commencement speech at Wellesley College, the leading women’s only educational institution in the United States. As of 2017, Wellesley is the highest endowed women’s college in the world, with an endowment of nearly $2 billion. The school is the alma mater […]
Xuebing Sun assumes duties as new FAO Representative for Sri Lanka
Xuebing Sun presented his credentials to Mr. Tilak Marapana, Minister of Foreign Affairs of the Democratic Socialist Republic of Sri Lanka, as the new Representative of the Food and Agriculture Organization (FAO) in Sri Lanka, at the Ministry premises on Monday, 10th June. Mr. Sun is a Senior Environmental Economist by training with 32 years […]
Ceylon Chamber organizes awareness session on exporting to US under GSP
The Ceylon Chamber will be organizing an awareness session on “Exporting to the United States under the Generalized System of Preferences: New Trends and Opportunities”. The U.S. is Sri Lanka’s largest single export destination, accounting for 26% of total exports in 2018. At present approximately 3500 products from Sri Lanka are eligible to access the […]
Mahaweli Coconut Plantations Ltd commences trading on CSE
On 3rd June 2019, the shares of Mahaweli Coconut Plantations Limited (MCPL) commenced trading on the Colombo Stock Exchange (CSE). MCPL is the first company to be listed on the CSE after a lapse of 15 months. MCPL was listed on the CSE through an Introduction which was managed by Merchant Bank of Sri Lanka […]
Modi to visit Sri Lanka on Sunday, 9th June
Jun 07, 2019 (LBO) – Indian Prime Minister Narendra Modi will visit Sri Lanka on Sunday June 9. He will be making the stop after the Maldives on June 8 and 9 and the visit comes following the invitation of President Maithripala Sirisena during his recent trip to India. The Indian Premier is due to […]
LVL Energy Fund profits up 30-pct; focus on expanding geographical footprint
Leading energy company and subsidiary of Lanka Ventures, the LVL Energy Fund PLC, surpassed its outstanding financial performance in the previous year, by posting Profit after interest and tax of Rs. 571 million in 2018/19 compared to Rs. 439 million in the previous financial year, which reflects a formidable 30% growth. The company recorded Profit […]
Sri Lanka to obtain USD330Mn World Bank loan for climate mitigation
Jun 06, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved the implementation of phase 1 of a multi-phase program for mitigation of climate disadvantages. The proposal was presented by Mangala Samaraweera, Minister of Finance to hold loan negotiation discussions and enter into financial agreement with the International ank for Development and Reconstruction to implement […]
Sri Lanka tea prices down in May 2019
Jun 06, 2019 (LBO) – Sri Lanka’s tea prices or national average for May 2019 were down to 51.69 rupees vis-à-vis May 2018 with medium and low growns showing the biggest deficit, a report shows. “In first 5 months of year, prices show a decrease of 41.64 compared to 2018,” Forbes and Walker Tea Brokers […]
SriLankan Airlines, official airline partner of Melbourne’s Great Ocean Road Running Festival
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance continuing to establish its brand presence in Australia, became the official airline partner of the Great Ocean Road Running Festival, recently. The Airline was also the title sponsor of the much sought after 6 km race of the Festival. Known […]
Mobitel Partners M3Force to launch largest Monitoring and Response Center in Sri Lanka
Mobitel, Sri Lanka’s National Mobile Service Provider, has joined hands with M3Force to launch the largest Monitoring and Response (MnR) Center in Sri Lanka, which offers integrated intelligent security solutions for prevention and management of critical solutions in both pre and post situational scenarios. While surveillance is the need of the hour, lack of trained […]
UN launches open platform to support Sri Lanka’s policy making
Jun 03, 2019 (LBO) – United Nations in Sri Lanka together with Ministry of National Policies and Economic Affairs, launched UNLOCKED; an innovative and inclusive platform to support policy development. UNLOCKED provides future changemakers the opportunity to speak up, share research and reach out to experts.The platform aims to enrich Sri Lanka’s policy making process […]
CDB profit before tax surpasses Rs 2.7bn, now among top 5 NBFIs
Citizens Development Business Finance PLC (CDB) reinforced its dominance as a disruptor in the financial intermediary business in Sri Lanka with its exceptional financial results for FY 2018/19, posting profit before taxes of LKR 2.7 Bn, an increase of 34% as per the interim group financial results released to the CSE. Within its relatively short […]