Category: Other
World Bank clarification regarding media reports on bond issue
In reference to some of the incorrect statements carried by a few media outlets on this issue, the World Bank wishes to clarify that it has not undertaken any assessment of the Auditor General’s report on the bond Issue. (Note from the World Bank)
Haycarb records turnover of Rs.9.4Bn and PBT of Rs.768Mn in Q3 2016/17
(PRESS RELEASE) – Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 9.4 billion and profit before tax of Rs. 768 million for 9 months ending 31 December 2016. The profit after tax stood at Rs. 646 million. The turnover increased by 12%, while the profit before tax and after tax […]
Pakistan sends relief assistance to drought affected people of Sri Lanka
With a view to help the brotherly people of Sri Lanka to mitigate the severe drought, the Government of Pakistan sent a relief flight to Colombo containing 25 Metric Ton of rice. The High Commissioner of Pakistan in Sri Lanka Maj. Gen. (R) Syed Shakeel Hussain handed over the relief consignment to Sri Lankan authorities […]
Toyota Lanka opens dedicated showroom for its first 1000cc car
Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka opened doors to its latest showroom for the affordable, comfortable and safe 1000cc “Wigo” which was launched recently. The dedicated showroom situated within Toyota Plaza in Wattala embodies the fun and excitement that is synonymous with the “Wigo”. Launched targeting young […]
Citizens Development Business (CDB) goes live with Intellect DIGITAL FACE
(PRESS RELEASE) – Customer centric Digital Channel solution with an omni-channel experience Intellect Design Arena Ltd, a digital technology product provider across Banking and Insurance, today announced that Citizens Development Business Finance PLC (CDB) has gone live with Intellect’s DIGITAL FACE, an Omni Channel solution catering to demands of the modern customers. CDB will now […]
SAITM says ready to forge ahead amid protests
Feb 08, 2017 (LBO) – South Asian Institute of Technology and Medicine (SAITM) says they are ready for the rough road ahead and will push ahead despite opposition from students and staff of state universities. “These protests are driven by politics and fear of competition,” Dr. Neville Fernando, founder and chairman of SAITM told reporters […]
Government of Finland keen to invest in Sri Lanka
The Ambassador of Finland to Sri Lanka Rauli Suikkanen says that he would call leading entrepreneurs of his country to commence investment in Sri Lanka. Ambassador Suikkanen announced this when he met Finance Minister Ravi Karunanayake at the Ministry for Finance yesterday (February 6). Finish Ambassador Rauli Suikkanen further said that there is a confidence […]
‘pura medical faculty teachers threaten union action over SAITM issue
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/02/Press-release-of-SJP-FMTA-English.pdf” title=”Press release of SJP-FMTA English”]
LOLC microfinance model ventures into Pakistan
The LOLC Group inked a historic joint venture with Pak Oman Microfinance Bank Limited to introduce LOLC’s exceptional and globally accepted Microfinance model to the people of Pakistan. Having observed LOLC’s uniquely effective microfinance business model and its success stories in Sri Lanka, Myanmar and Cambodia, Pak Oman Microfinance Bank Limited which is a joint […]
Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act
Feb 07, 2017 (LBO) – A committee appointed by Sri Lanka’s former Minister of Justice and Law Reform Milinda Moragoda to consider and recommend amendments to the Muslim Marriage and Divorce Act No 13 of 1951 is finalizing its report, a statement said. The committee was appointed in July 2009 with the approval of the […]
Central Bank holds policy interest rates unchanged
Feb 07, 2017 (LBO) – Sri Lanka’s Central Bank held key interest rates unchanged on Tuesday with the expectation that inflation will stabilize at mid-single digits and the economy was responding to stabilization measures. Credit growth to the private sector by commercial banks remained high at 21. 9 per cent by end 2016, although it […]
Sri Lanka’s Right to Information Act comes into force
Feb 03, 2017 (LBO) – Sri Lanka’s Right to Information (RTI) Act comes into effect today bringing with it a promise of open government, citizens’ active participation in governance, and accountability to the people of the country. The Ministry of Mass Media and Parliamentary Reform said that it has been laying the groundwork of RTI, […]