Category: Other
Democrats retake House, Republicans retain Senate in US midterm elections
Nov 07, 2018 (LBO) – Democrats will seize the control of the lower house of Congress in midterm elections while Trump’s Republicans will retain control of the Senate, projections of the leading television networks of the United States showed. Taking control of the lower chamber of Congress for the first time in eight years will […]
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion Integration of the two-degree climate target in proprietary investments and business operations starting The Allianz Group has taken the leading position among […]
Emirates takes Sri Lanka’s popular culture to the skies
There’s nothing quite like watching a movie in one’s own language, or listening to the music of a favourite local artist to feel at home even at 35,000 feet, a fact that Emirates, the world’s largest airline, has invested in with an award-winning inflight entertainment system that caters to hundreds of nationalities including Sri Lankans. […]
AIA Insurance partners with Sampath Bank to facilitate premium payments
AIA Insurance Lanka has entered into a strategic partnership with Sampath Bank on insurance premium payments to enhance customer convenience. Appointing Sampath Bank as its payments channel in Sri Lanka, AIA has opened up a wide mix of the Bank’s physical and digital touchpoints to its policyholders and Wealth Planners. They will now be able […]
Parliament to be reconvened on Wednesday not Monday
Nov 02, 2018 (LBO) – Sri Lanka’s Parliament will be reconvened on Wednesday the 7th of November and not Monday as earlier scheduled, the speaker has been informed by the President. A Gazzette to this effect will be issued soon. The President by virtue of the powers vested in him by Article 70 of the […]
‘m honored to serve as US Ambassador to Sri Lanka at this critical moment: Teplitz
Nov 01, 2018 (LBO) – Ambassador Alaina B. Teplitz officially began her tenure as the U.S. Ambassador to Sri Lanka today after presenting her credentials to President Maithripala Sirisena. The ceremony was held at the President’s official residence. Ambassador Teplitz was accompanied by her husband, Robert Saul. “I am honored to serve as the U.S. Ambassador […]
US, Japan, France, Afghanistan new Ambassadors present credentials to President
Nov 01, 2018 (LBO) – New Ambassadors of the United States, Japan, France, and Afghanistan have presented credentials to President Maithripala Sirisena today at the President’s House, Colombo.Foreign Ministry said the United States with the concurrence of the Government of Sri Lanka, has appointed Alaina Teplitz as the Ambassador of the US to Sri Lanka […]
PropertyGuru doubles down on Southeast Asia with funding round
(PRESS RELEASE) Group bolsters its regional leadership with the new funding and full consolidation of Vietnam’s No. 1 property portal, Batdongsan.com.vn SINGAPORE, 31 October 2018 – PropertyGuru Group (‘PropertyGuru’ or ‘the Group’), Asia’s leading property technology group, today announced that it has secured S$200 million (approx.) [US$145 million] in a Series D round of funding […]
Attorney General side steps Constitutional Crisis
October 13, 2018 (LBO) –
Piramal Glass top line grew by 14-pct during half year ended Sept 2018
Piramal Glass Ceylon PLC has reported its results for the 1st half of the year FY 2018-19 with Rs. 3,586 million of Revenue and Rs. 38 million of Profit After Tax as against the similar period of the previous year which was Rs.3,082 million and PAT of Rs. 154 million. At half year the Company’s […]
Sri Lanka export income up in Aug 2018: Reserves at USD 8.6Bn
Oct 30, 2018 (LBO) – The Central Bank of Sri Lanka said the island’s external sector performance remained subdued in August 2018. “During the month, the deficit in the trade account narrowed marginally compared to a year earlier as the rise in export income outpaced the growth in import expenditure,” it said. Meanwhile, other inflows […]
LVL Energy Fund set to expand portfolio with 7 new solar power plants
Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund PLC is set to expand its alternative energy footprint with the development of seven new solar power projects. The plants will be set up in partnership with First Energy SL (Pvt) Ltd, in strategic locations across the island and will have a […]