Category: Other
‘s health system enhancement project
Oct 26, 2018 (LBO) – Government has mobilized Grant and Concessional Loan assistance amounting to 50 million US dollars from the Asian Development Bank.This will be used to improve the efficiency, equity and responsiveness of the Primary Health Care system in line with the National Strategic Framework for Development of Health Services (2016 – 2025).The […]
Blue Ocean Group lays foundation stone for yet another luxury condominium
Blue Ocean Group is pleased to announce yet another iconic luxury condominium project at No.35, Ramakrishna Road, Wellawatte, and the foundation stone laying ceremony took place at the site on the 11th of October 2018, headed by Sivarajah Thumilan, Blue Ocean Group Chairman in the presence of a large number of guests. The special event […]
Delegation from State Department observes US funded demining activities
A delegation from the U.S. Department of State’s Office of Weapons Removal and Abatement visited Sri Lanka from October 8 to 12, 2018 to observe U.S.-funded demining activities and meet with some of the beneficiaries of these projects. The projects are part of the nearly 600 million Sri Lankan rupees ($3.5 million) in assistance that […]
Sri Lanka’s first national SME study calls for apex Commission & licensing agency
Sri Lanka’s first ever nation-wide study on the country’s SMEs recommend an apex SME Advisory Commission integrating the three top national SME institutions under one roof. It also recommends Sri Lanka’s first ever SME Industrial Zone, a national SME portal ‘e-platform’, and an SME-only licensing agency on the lines of BoI. “I wish to thank […]
Ambassador Gunasekera pays farewell calls on dignitaries of Korean government
On completion of tenure as the Ambassador of Sri Lanka to the Republic of Korea, Ambassador Manisha Gunasekera paid farewell calls on high level dignitaries of the Korean Government prior to her departure from Seoul. The Ambassador paid a farewell call on the first Vice Minister of Foreign Affairs Cho Hyun at the Korean Ministry […]
Smuggled Cigarettes: A challenge to Govt.’s revenue and health objectives
(RIU) –Sri Lanka is one of the first middle-income countries to adopt a strong tobacco control policy. The country ratified the Framework Convention on Tobacco Control (FCTC) and made early progress with a ban on enclosed public place smoking, graphic health warnings, ban on sales to persons under 21 and a ban on sponsorship, supported by […]
Two Sri Lankan Fintech startups win gold & merit at Asia Pacific ICT Alliance awards
The 18th Asia Pacific ICT Alliance (APITCA) awards 2018, which was held in Guangzhou, China from the 10th to 14th October, named DirectPay as the overall winner in the Consumer – Wealth and Retail Category and Park and Pay with a Merit Award in the Start Up of the Year – Business and Community Category. […]
”’ rating; outlook stable
Fitch has published Sri Lanka-based Cargills Bank Ltd’s (CBL) National Long-Term Rating of ‘BB(lka)’ with a Stable Outlook. KEY RATING DRIVERS NATIONAL RATINGS CBL’s rating reflects its small and developing domestic franchise, evolving business model and limited operating history in Sri Lanka’s banking sector. The rating also captures its high risk appetite and pressures on […]
High Court issues interim order against Dr. Ali Gulamhusein and Malayandi Jeyapragash
October 19, 2018 (LBO) – Colombo Stock Exchange (CSE) listed Ceylon & Foreign Trades (CFT) recently released a disclosure with regard to its legal matters. In the disclosure it states that the Hight Court has issued : “an interim order against the 1st to 3rd Respondents from disposing, alienating, and/or encumbering and of the assets […]
ICRA Lanka upgrades issuer rating of Softlogic Holdings
Rating action ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service has upgraded the issuer rating of Softlogic Holdings PLC (SHL/” the company”) to [SL] BBB+ (pronounced SL triple B plus) from [SL]BBB (pronounced SL triple B) and rating watch with developing implications has been removed. The outlook on the […]
Western Union & Sampath Bank offer international money transfer services in Sri Lanka
(PRESS RELEASE) – Western Union, a leader in cross-border, cross-currency money movement and Sampath Bank, one of Sri Lanka’s leading private commercial banks, have joined forces to provide customers,nation-wide access to international money transfers in minutes[1] from more than 200 countries and territories. Sampath Bank’s 229 branches across the island now offer Western Union® Money […]
Opinion: Khashoggi Killing – Imagine if Sri Lanka had done it
October 16, 2018 (LBO) – Imagine a team of 15 highly trained Sri Lankan intelligence operatives board a private plane and embark on a journey to Istanbul, one of the greatest cities in the history of the world. This team of operatives includes those well versed in interrogation, torture, forensics, and someone who is an […]