Category: Other
CSE opens new branch in Ambalantota
The Ambalantota branch of the Colombo Stock Exchange (CSE) was officially opened to the public by CSE Chairman Vajira Kulatilaka today. The branch located at No. 52, Hambantota Road, Ambalantota improves the CSE’s branch coverage and adds to branches in Matara, Kandy, Kurunegala, Negombo, Jaffna, Anuradhapura and Ratnapura. Initiatives driven through the CSE branch network […]
Sri Lanka Customs says information on fraud will be rewarded
Oct 14, 2016 (LBO) – Sri Lanka’s Customs says information regarding customs fraud will be rewarded, without giving details of the extent of the reward. All those who have information can contact the CIU on +94112471471, the department said on its website. Sri Lanka is currently exploring a draft policy to protect ‘whistleblowers’ to strengthen […]
‘s subordinated debt final A+(lka)
Fitch Ratings Lanka has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR6bn a final National Long-Term Rating of ‘A+(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received. The final rating is the same as the expected rating assigned for […]
Foreign Minister meets UN Under-Secretary General Dr. Akhtar
Minister of Foreign Affairs Hon. Mangala Samaraweera met with Dr. Shamshad Akhtar, Under-Secretary General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (UNESCAP) at the Ministry of Foreign Affairs yesterday, 12 October 2016.
Australia launches program to support Sri Lankan women in local government
Australia’s Ambassador for Women and Girls, Ms Natasha Stott Despoja AM, today launched an Australian-funded program to support the new quota for female representation in local government. “Supporting women in leadership is a priority for Australia, in our foreign policy and overseas aid program”, said Ambassador Stott Despoja during her first formal visit to Sri […]
Colombo transformation lacks basic affordable housing: Lamudi
Since the declaration of peace in Sri Lanka in 2009, real estate on the island has experienced a rapid revival. This revival has turned into a boom, and as a consequence, property prices on the island have soared. In rapidly developing countries, a property boom often makes affordable housing hard to find. However, initiatives to […]
37th National Conference of Chartered Accountants to steer entrepreneurship
In helping Sri Lanka transition towards an innovation driven economy, a highly eminent panel of local and foreign speakers, including entrepreneurs of global repute will steer this month’s 37th National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Over two days of technical sessions, the conference […]
FM Samaraweera meets UN Special Rapporteur on Minority Issues
Minister of Foreign affairs, Mangala Samaraweera, met with Rita Izsák-Ndiaye, UN Special Rapporteur on Minority Issues today at the Ministry of Foreign Affairs. This is very first visit to the island by a Special Rapporteur on the subject of Minority Issues.
Sri Lanka Army to participate in Pakistan combat efficiency competition
A 27 member delegation of the Sri Lankan Army PACES (Pakistan Army Physical Agility and Combat Efficiency System) met with High Commissioner of Pakistan in Sri Lanka, Maj. Gen. (R) Syed Shakeel Hussain at the High Commission of Pakistan today. The delegation will travel to Lahore, Pakistan to participate in the International PACES Competition starting […]
Sri Lanka to limit water supply, Colombo consumption up
Oct 10, 2016 (LBO) – Sri Lanka’s Water Supply and Drainage Board has decided to limit its pump water supply in the island due to the prevailing drought condition amid increased consumption. K Alahudeen Ansar, chairman of the board, told LBO that water consumption in the Colombo District alone has increased by about 15 percent […]
Expo paves way for faster subcontinent cross border logistics
Oct 10, 2016 (LBO) – Expo Freight says it has achieved a significant milestone in cross border trade in the Indian subcontinent after a shipment for Marks & Spencer crossed over seamlessly to India from Bangladesh, following a trading agreement. This is the first occasion a truck carrying cargo was allowed to cross over to […]
Advantis Engineering Wins Gold at NCE Awards 2016
(PRESS RELEASE) – Advantis Engineering, formerly known as Logiventures, won a gold award at the recently concluded 24th Annual National Chamber of Exporters Awards 2016 (NCE Awards). The award is in recognition of their strong contribution to the country’s export earnings and their efforts in strengthening the nation’s reputation on the world stage through their Convertainers […]