Category: Other
CA Sri Lanka confers CPFA qualification to senior public servants
Over 130 senior public servants were recently conferred with the Chartered Public Finance Accountancy (CPFA) qualification at the inaugural CPFA Convocation organised by the CA Sri Lanka Public Sector Wing, the Association of Public Finance Accountants of Sri Lanka (APFASL), in an effort to strengthen the country’s public financial management. The qualification was granted to […]
Hirdaramani Garments & Isebella Socks starts production line in Ethiopia
The grand production inauguration ceremony of the Hawassa Industrial Park in Ethiopia that has attracted 18 leading global apparel and textile companies was held on 20th June 2017 at the Industrial Park with the participation of the Ethiopian Prime Minister Hailemariam Desalegn, senior Ministers of the government, Ambassadors, senior government officials and the company owners […]
Opinion: Despite Trump-Modi bonhomie, Indo-US economic relations in doldrums
By P.K.Balachandran Despite words signifying undying friendship and bear hugs, which marked President Donald Trump’s interaction with Indian Prime Minister Narendra Modi in Washington on Monday, economic relations between the United States and India seem destined to remain in the doldrums indefinitely. While there was a strong understanding on cooperation to tackle terrorism and on […]
Facebook, Microsoft, Twitter, YouTube in forum to counter terrorism
June 27, 2017 (LBO) – Facebook, Microsoft, Twitter and YouTube announced Monday the formation of a ‘Global Internet Forum to Counter Terrorism.’ The companies in a joint statement said the forum “will help us continue to make our hosted consumer services hostile to terrorists and violent extremists.” The forum builds on the EU Internet Forum […]
LAUGFS International launches Fujitsu dry cell batteries in Sri Lanka
LAUGFS International (Pvt) Limited, the authorized agent for Yamaha and Airman power products and Denso automotive parts, has now further expanded its portfolio as the authorized sole distributor for Fujitsu dry cell batteries in Sri Lanka. LAUGFS entered into an agreement with Fujitsu, a world renowned brand for IT innovations, providing Sri Lankan customers with […]
JAT sponsors second Building Specifiers’ Conference 2017
JAT Holdings, Sri Lanka’s award-winning conglomerate was a title sponsor of the highly successful Building Specifiers’ Conference 2nd Edition, which was held recently in Colombo on the 13th June 2017. This second successive endeavor was held within a short span of five months after the pioneering Builder Specifiers’ Conference in January this year, saw a […]
Sampath Bank named Most Innovative Bank at LankaPay Awards
Continuing to win accolades for its spirit of innovation, Sampath Bank was recognized as Sri Lanka’s “Most Innovative Bank” at the LankaPay Technnovation Awards 2017 held on 20th June 2017. The award is yet another testament to the Bank’s contributions to the development of the nation’s financial services industry through its 30 year colourful journey. […]
Eminent economist Dr. Saman Kelegama passes away
June 23, 2017 (LBO) – Dr. Saman Kelegama, the Executive Director of the Institute of Policy Studies of Sri Lanka, has passed away at the age of 58 in Thailand today. The eminent Sri Lankan economist served as a research fellow of IPS prior to being appointed as the Executive Director in 1995. He served […]
Fairway Holdings acquires Multi Finance
Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years and excellent array of financial services a veritable boost to serve its clients even better. Multi Finance has shown much resilience and stability […]
Mahinda meets Pakistan President Mamnoon Hussain
Concluding four day visit to Pakistan, former President Mahinda Rajapakse and representatives of the joint opposition met Pakistan President Mamnoon Hussain at his office on Thursday. Ex-President Rajapakse also met Interior Minister of Pakistan on the same day.
Sri Lanka in talks to import rice from three countries
Sri Lanka has opened immediate talks with three countries on 22 June to procure a rice tranche to stabilize its domestic markets. “We are looking for par-boiled (Nadu) and Samba categories now” said the Minister of Industry and Commerce Rishad Bathiudeen on 22 June in Colombo. Minister Bathiudeen, joined by Secretary of Ministry of Industry […]
US Ambassador Atul Keshap visits eastern province
U.S. Ambassador Atul Keshap visited the Eastern Province this week to commemorate a milestone in U.S.-supported demining efforts and to attend the groundbreaking ceremony at a school to construct facilities to help communities displaced by natural disasters. During the visit, Ambassador Keshap also met leaders and activists working on post-conflict reconciliation and accountability issues. Ambassador […]