Category: Other
Thurunu Diriya grants Rs21mn worth loans for 47 young entrepreneurs to date
“Thurunu diriya” loan scheme, implemented by the Bank of Ceylon (BOC) with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, has granted loans worth around 21 million for 47 potential young entrepreneurs up to date. This was revealed by the progress report of this loan scheme issued by the Bank […]
Sampath Group pre-tax profit exceeds Rs10Bn for first half of 2018
(PRESS RELEASE) – Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a pre-tax profit of Rs 9.9 Bn for the same period. This registered a YoY growth of 28.1% in comparison to the first half of 2017. Profit after tax of […]
LOLC Finance, Mobitel to offer Digital Loans to customers via mCash
Reinforcing its market leadership and strengthening its partner base, Mobitel has joined hands with LOLC Finance PLC to offer Digital Loans for the first time ever in Sri Lanka via its mCash platform. This initiative is a break-through method of providing a loan via one’s mobile device. Digital Finance Loans is a ground-breaking product for […]
Asia Securities appoints Avancka Herat as Head of Wealth Management
Asia Securities (Pvt) Ltd. announced the appointment of Avancka Herat as Head of Wealth Management, effective August 1, 2018. He will also assume the role of Chief Executive Officer of the firm’s Wealth Management affiliate.An industry veteran of 24 years, Mr. Herat joins the firm from National Asset Management Ltd. (NAMAL) where he served as […]
Sri Lanka maritime industry players come together to resolve industry issues
Aug 02, 2018 (LBO) – Sri Lanka Ports Authority (SLPA) and Sri Lanka Customs (SLC) together with other industry players have initiated a joint process to resolve the current maritime industry-related issues. Sri Lanka Ports Authority said Ceylon Association of Shipping Agents (CASA) and members of Sri Lanka Association of Vessel Operators (SLAVO) are also […]
PwC Sri Lanka wins Oracle’s SaaS Partner Appreciation award
PwC Sri Lanka was recently awarded the ‘SaaS Partner Appreciation award’ – South Asian Growing Economies at the Oracle FY19 SaaS Partner Forum, which was held at the Cinnamon Lakeside Colombo. Speaking on the achievement, Channa Manoharan, Advisory Leader/Chief Operating Officer of PwC Sri Lanka said “We are extremely delighted by this important accolade and […]
‘s Democratic Republic extends on arrival visa facility to Sri Lankans
The Ministry of Foreign Affairs of the Lao People’s Democratic Republic has confirmed that, with effect from 01 August 2018, Sri Lankan citizens holding valid travel documents could apply for the visa on arrival at the international border checkpoints of the Lao People’s Democratic Republic.Ministry of Foreign Affairs Colombo
‘s Finance Minister raises taxes on small vehicles
Aug 01, 2018 (LBO) – Sri Lanka’s Finance Minister has signed the gazette notification to amend the excise duties of vehicles below 1000cc category with effect from 01 August 2018, the Finance Ministry said.Accordingly, a unit tax of 1.5 million rupees will be taxed for a motor car below 1000cc while a unit tax of 1.25 million rupees will […]
Ceylon Today offers unreserved apology to Kumar Sangakkara
August 1, 2018 (LBO) – Newspaper Ceylon Today has offered an apology to Kumar Sangakkara for misquoting him on a front page article speculating about his presidential ambitions.The episode created a stir on social media, which has been abuzz with speculation on Sangakkara after cricket legend Imran Khan’s party emerged victorious in Pakistan’s general election.The […]
Ranatunga, de Silva deny match-fixing charges
Jul 31, 2018 (LBO) – Sri Lanka’s World Cup winning captain Arjuna Ranatunga and deputy Aravinda de Silva denied allegations made by former Cricket chief Thilanga Sumathipala that they accepted bribes from an Indian bookmaker. “Not 15,000 dollars, but we could have made 15 million dollars if we threw the world cup,” the 1996 World […]
Felicitation ceremony for Minister Rajitha after appointed as a Vice President of WHO
Health Minister Rajitha Senaratne has been felicitated for his services to the health sector at a ceremony held at the Nelum Pokuna Theatre today.He was given the post of vice president of the World Health Organization for a one year term at the annual sessions in Geneva in May.President Maithripala Sirisena and Prime Minister Ranil […]
Sri Lanka ranks first out of 76 countries in early initiation of breastfeeding: UNICEF
July 31, 2018 (LBO) – Sri Lanka has been ranked number one out of 76 countries in the UNICEF’s latest ranking of early initiation of breastfeeding. The report titled ‘Capture the Moment’ released today shows that 90.3 percent of Sri Lanka’s newborn babies are subjected to early initiation of breastfeeding. According to the report, nearly […]