Category: Other
European Union parliament delegation visits BoI Katunayake
Apr 11, 2018 (LBO) – A delegation consisting of 6 members of the European Parliament visited the Katunayake Export Processing Zone following an invitation by the Management of Board of Investment of Sri Lanka. The delegation consisting of Mr. Jan Zahradil Member of the European Parliament (MEP) and Leader, MSajjad H Karim( MEP), Paul Rubing(MEP), […]
Sri Lanka launches guide to manage public enterprises
Official Launch of “Handbook on Good Governance for Chairmen and Boards of Directors of Public Enterprises” Speaker’s speech. 10th April 2018 – Auditorium of CA Sri Lanka, Malalasekara Mw, Colombo 07. I am pleased to be here with you on the occasion of launching of the Handbook on Good Governance for Chairmen and Board of Directors of Public Enterprises. […]
EU to turn on new law amidst Facebook, YouTube criticized for data misuse
Apr 10, 2018 (LBO) – European Union’s wide data protection instrument, the General Data Protection Regulation (GDPR) will become directly applicable on 25 May 2018, two years after its adoption and entry into force. On 6 April 2016, the EU agreed to a major reform of its data protection framework, by adopting the data protection […]
Shop with FriMi at Keells outlets island-wide
FriMi, the innovative payment platform recently added KeellsSuper to its growing list of partner merchants. FriM iusers can now enjoy a revolutionary shopping experience at KeellsSuper island-wide and enjoy exclusive FriMi offers when they shop. Elaborating on the ease of using FriMi for everyday transactions FriMi Digital Bank(Nazeem Mohamed – Head of FriMi Digital Bank) stated;“Our […]
Sri Lanka to despatch its largest ever trade delegation to London
This year Sri Lanka will despatch its largest ever business and trade delegation targeting the Commonwealth. Sri Lanka is also scheduled to unveil its new country branding & slogan for its ICT sector in London next week. “Sri Lanka is one of the Strategic Partner Countries of 2018 CBF. Therefore the Department of Commerce under […]
For the first time in Sri Lanka, eZ Cash launches ‘Top-up’ via bank accounts
Sri Lanka’s first and largest Mobile Money and Payment Service, eZ Cash, announced the launch of a new feature that enables customers to top-up their eZ Cash wallets via bank accounts on its cutting edge eZ Cash app. The Bank top up feature supplements the recently introduced QR Scan and pay option which enables smart […]
Advantis handles logistics for Sri Lanka’s 1st 10MW Biomass power plant
Continuing to support the nation’s power and energy sector, Advantis Projects announced that it had been appointed as the logistics solutions provider for COSCO Shipping Project Logistics Co., LTD who secured the total transportation of the country’s first 10MW biomass power plant project, being commissioned in Kalawaaragama, Moneragala by Green Watts (Pvt) Ltd. Advantis Projects […]
Visa celebrates 30 years of digital payments in Sri Lanka
Visa, the global leader in digital payments technology, today completed 30 years of operations in Sri Lanka since commencing operations in 1988. Continuing its pioneering efforts to build awareness for digital payments in Sri Lanka, Visa celebrated the milestone by announcing initiatives to promote digital access, and digital and financial literacy across rural communities through […]
Fitch revises Rating Watch on Melsta Regal Finance to Evolving from Negative
Fitch Ratings has revised the Rating Watch on Melsta Regal Finance Ltd’s (MRF) National Long-Term Rating of ‘A+(lka)’ to Evolving from Negative. The rating action follows the announcement dated 2 April 2018 that a consortium led by Fairfax Financial Holdings Limited of Canada (Fairfax) will acquire 100% of the equity in Sri Lanka-based MRF from […]
Johann Peries confident of his 2nd attempt to scale Mount Everest
Months of physical and mental preparation have culminated in the departure of a brave son of Sri Lanka, Johann Peries, on his second attempt to scale Mount Everest.Setting off for the two-month expedition, Johann hopes to be successful on this attempt to scale Mount Everest and make his country proud. Johann Peries and Jayanthi Kuru-Utumpala […]
IFC invests USD15mn in Senkadagala Finance to help women entrepreneurs
IFC, a member of the World Bank Group, is investing $15 million in Senkadagala Finance PLC to help the company expand access to finance for women entrepreneurs across Sri Lanka. This loan is part of the Women Entrepreneurs Opportunity Facility (WEOF), launched by IFC through its Banking on Women (BOW) program, and Goldman Sachs 10,000 […]
‘s Dialog Axiata at AAA(lka); outlook stable
Fitch Ratings-Singapore/Colombo- 4 April 2018: Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Market-Leading Position: Dialog’s standalone credit profile of ‘AAA(lka)’ is underpinned by its market leadership in the growing mobile and pay-TV industry segments. We believe the company is […]