Category: Other
”’ Loan program
People’s Bank has proactively joined the Swashakthi Loan scheme initiated by the Ministry of National Policies and Economic Affairs and the Central Bank of Sri Lanka, disbursing loans via its extensive branch network of more than 730 branches island-wide. The inaugural program for awarding Swashakthi loans was recently held at People’s Bank Nuwara Eliya branch […]
Australia reveals details of temporary skilled migration reforms
Apr 24, 2017 (LBO) – The Australian Government recently announced changes to their employer-sponsored temporary skilled work visa arrangements with the most significant change in the current visa for temporary skilled workers. The current visa for temporary skilled workers (the 457 visa) will be replaced by a new Temporary Skill Shortage (TSS) visa in March […]
Mastercard hosts knowledge sharing session on risk management
Mastercard recently hosted 50 senior electronic payments industry representatives at its Risk Management workshop in Colombo. The event is part of an ongoing series of knowledge-sharing sessions organized by Mastercard to share global learnings and gain local insights from market partners. The day-long workshop saw Rajeev Kumar, Customer Fraud Management, South Asia, Mastercard and Christopher […]
CICT attracts first new service to Colombo from Ocean Alliance
(PRESS RELEASE) – Colombo International Container Terminals (CICT) recently welcomed the maiden call of CMA CGM Nabucco, the first vessel under the Ocean Alliance to call on the Port of Colombo. The vessel operated by CMA CGM was the first in a new weekly service attracted to Colombo by CICT this year, and will operate […]
SriLankan Airlines conducts specialized training for staff at BIA
SriLankan Airlines further enhanced its customer service capabilities with more specialized training for its airport service staff at Bandaranaike International Airport (BIA) to serve passengers of all airlines even better. SriLankan Airlines is the sole airport ground handler for all airlines that operate to BIA in Colombo, where it annually handles nearly 9 million passenger […]
Muhunthan Canagey appointed CEO/MD of ICTA for second term
The Information and Communication Technology Agency (ICTA) of Sri Lanka has appointed Muhunthan Canagey as CEO & Managing Director for a second term . Canagey was first appointed to the board of ICTA with the change of government in February 2015 as the Managing Director and Chief Executive Officer to head the Agency. He was […]
Dutch elections next week to have implications for EU
Mar 09, 2017 (LBO) – The Dutch will vote in a general election next week that will focus the world’s attention on trends in populism and the future of the European Union. The election on March 15 is a dead heat between Geert Wilders, leader of the populist Party of Freedom (PVV), and Prime Minister […]
Chinese delegation inspects Hambantota port, airport during fact finding mission
The Board of Investment of Sri Lanka recently hosted a delegation consisting of senior officials from Chinese People’s Political consultative Conference of Shanghai (CPPCC). The delegation consisted of 6 senior officials of the communist party of China (Shanghai chapter) and was led by Mr. Xu Yibo, Vice Chairman of the CPPCC Shanghai Committee. The delegation […]
MAS joins hands with UNFPA to ensure gender-mainstreamed corporate policies
(PRESS RELEASE) – Colombo, 7 March 2017: Sri Lanka’s female labour force participation is declining. In 2006, females constituted 39. 5% of the working force, where as in 2014, this number has come down to 36.3%. In response to this socio-economic issue, it is imperative that organizations continuously review corporate policies to instill an organizational […]
‘s Madu Ratnayake recognized as one of India’s best 50 CIOs
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announced that, Madu Ratnayake, executive vice president, CIO and head of business process excellence, has been recognized as one of India’s Top 50 CIOs in the latest edition of […]
President Sirisena on State Visit to Indonesia
(PRESS RELEASE) – President Maithripala Sirisena who left for Indonesia this morning, 6 March 2017, arrived in Jakarta today. He will participate in the20th Anniversary Summit of the Indian Ocean Rim Association (IORA) in which Sri Lanka is a founding member, on 6 and 7 March. This will be followed by a State Visit on 8 March. A State Visit to Indonesia takes place […]
Flemington Rajagiriya Apartments records 60-pct of apartments sold
(PRESS RELEASE) – Colombo, 07 February 2017 – Sri Lanka’s first Australian inspired condominium, The Flemington, Rajagiriya records 60% of apartments sold, following the start of construction in November 2016. The Rajagiriya condominium project by EliSh Development, marketed to the local market, has seen 70% of apartments sold to Sri Lankans residing locally and 30% […]