Category: Other
Illicit tobacco: Tackling the threat to national law and order
(PRESS RELEASE) – RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illicit trade significantly. In a recent report on the tobacco industry the Research Intelligence […]
Sampath Bank named Sri Lanka’s “Most Innovative Bank” for 2nd consecutive year
(PRESS RELEASE) – Sampath Bank was recognized as Sri Lanka’s “Most Innovative Bank” for the second consecutive year at the LankaPay Technnovation Awards held at Shangri-La Hotel, Colombo, recently. The Bank also bagged the “Best Bank for Retail Payments” and “Best Common ATM Acquirer of the Year (Category B)” awards and emerged as the overall runners […]
Harsha de Silva appointed Acting Minister of National Policies & Economic Affairs
The President has appointed Dr Harsha de Silva, State Minister of National Policies and Economic Affairs as Acting Minister during the absence of Prime Minister Ranil Wickremesinghe who is also the Minister of National Policies and Economic Affairs. The PM is currently on an official visit to Norway and the UK until the 10th of […]
Reigning Miss World visits Sri Lanka
Key officials of the Miss World Organization including the Reigning Miss World arrived in Sri Lanka on Sunday 30th September on an exploration visit of the island.The high profile delegation is looking at the possibility of selecting Sri Lanka as the host nation for the world renowned pageant in 2020 or 2021. The delegation paid […]
Young people at the centre of social innovation and entrepreneurship: UN
Oct 03, 2018 (LBO) – Today’s generation of young people is the largest the world has ever known.One in every three people alive today is under the age of thirty, and around ninety per cent of these young people are living mainly in Asia and Africa. In Sri Lanka, nearly a quarter of the population […]
Dr. Radhika Coomaraswamy appointed to the board of John Keells Holdings (JKH)
October 1, 2018 (LBO) – Former Under Secretary General of the United Nations Dr.Radhika Coomaraswamy has been appointed as an Independent Non-Executive Director of Sri Lanka’s largest conglomerate John Keells Holdings (JKH). Global Diplomat Dr. Coomaraswamy served as UN Under Secretary General and Special Representative of the Secretary General on Children and Armed Conflict from […]
Elon Musk settles SEC charges; requires him to step down as Tesla Chairman
Sept 30, 2018 (LBO) – The United States Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures […]
Harsha defensive after social media backlash on request for austerity
September 29, 2018 (LBO) – State Minister of Economic Affairs Dr. Harsha De Silva has been embroiled in a firestorm of backlash over comments suggesting that Sri Lankans restrict foreign travel and vehicle purchases in order to curb the drawdown of foreign exchange. In a situation where the general perception is of incompetence with regard […]
SEC charges Elon Musk with securities fraud for misleading tweets about Tesla
Sept 28, 2018 (LBO) – The United States Securities and Exchange Commission (SEC) today charged Elon Musk with securities fraud for a series of misleading tweets about a potential transaction to take Tesla private. The Chairman and CEO of Silicon Valley-based Tesla, on August 7 tweeted to his 22 million Twitter followers that he could […]
Sri Lanka’s online travel company findmyfare raises USD2mn funding
findmyfare.com Sri Lanka’s largest and fastest growing online travel company, is flying high with the recent news of their raising series B funding from Ironwood Capital Partners. The company serves as a one-stop travel shop, offering its customers the very best deals available in the market place on hotel stays across Sri Lanka and flights […]
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to Development (BUILD) Act in the FAA Reauthorization Act of 2018.The House yesterday passed the Act by a vote of 398-23 and the legislation now heads to the Senate for consideration. BUILD Act is […]
Swarovski opens its doors in Sri Lanka with business partner Softlogic
Swarovski officially opens its doors in Sri Lanka bringing its heritage and craftsmanship in crystal to Colombo City Centre at No.137, Sir James Peiris Mawatha, Colombo 2. The brand brings its dazzling collection that delivers extraordinary everyday style to women around the world. Swarovski stores worldwide create the ultimate experience for its consumers. Swarovski invites […]