Category: Other
We are Safe – Easter Sunday 2019 in Sri Lanka
April 22, 2019 (LBO) – My family and I are safe. This is the refrain that my household repeatedly speaks, texts, and emails to concerned friends and relatives who are inquiring about our welfare during possibly the most deadly terrorist attack that has struck the place I now call home. The attacks hit close to […]
World leaders condemn Easter Sunday blasts in Sri Lanka
Apr 21, 2019 (LBO) – World leaders have offered their condolences to the victims and families of the deadly blasts in Sri Lanka that killed more than 200 people on Sunday.The United Nations in Sri Lanka said they strongly condemn the attacks against civilians carried out in places of worship and city hotels on Easter […]
Berendina awarded country’s first micro-financing license from Central Bank
Berendina Micro Investments Company (BMIC), the micro-finance arm of Berendina in Sri Lanka was recently granted a license to operate micro-financing by the Central Bank of Sri Lanka (CBSL), a first in the industry under the Microfinance Act No 6 of 2016. BMIC now will adhere to CBSL’s guidelines as a licensed microfinance company.The license […]
ABACUS Tea unveils staple-free technology for existing tea bag machines
Abacus Tea Pvt Ltd on 9th April at the Hilton Colombo presented a ground breaking invention by making Constanta tea bag machines staple free. The breakthrough is an invention by tea bag industry veteran and Abacus Tea Pvt. Ltd Chairman, Rohan De Lanerolle, who will now give a new lease of life to over 1,000 […]
Finance Minister meets UN Secretary General Antonio Guterres in New York
Apr 18, 2019 (LBO) – Finance Minister Mangala Samaraweera who is in New York to represent Sri Lanka at the Financing for Development Forum of the UN Economic and Social Council called on the Secretary-General of the United Nations António Guterres on 16 April. At the meeting, the Secretary-General recalled his visits to Sri Lanka […]
‘s climate resilient agriculture & infrastructure services
Apr 12, 2019 (LBO) – Sri Lanka and the World Bank has signed two new agreements worth 150 million US dollars to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships. Hartwig Schafer, World Bank Vice President for the South Asia Region and Dr. R.H.S.Samaratunga, Secretary, Ministry of Finance […]
Emirates to serve traditional Sri Lankan sweetmeats at their Colombo lounge
It may be one of the world’s largest airlines, but Emirates has been caught up in the spirit of the “Avurudu” – Sri Lanka’s charming celebration of the Sinhala and Tamil New Year – and is busy preparing traditional sweetmeats to excite the taste buds of visitors to its lounge at the Bandaranaike International Airport […]
Samsung unveils its first 5G Smartphone Galaxy S10 5G
Samsung Electronics announced the Samsung Galaxy S10 5G is available for purchase in Korea. Over the past decade, Samsung has worked closely with network operators, device manufacturers and software developers to make 5G a reality with its complete end-to-end solution. Now, consumers will be able to unlock an entirely new mobile experience with the most […]
EU leaders agree to delay Brexit deadline until October 31
Apr 11, 2019 (LBO) –The European Union has agreed to delay the United Kingdom’s departure from the EU, known as Brexit, until October 31, saving the continent from what could have been a chaotic no-deal departure at the end of the week. British Prime Minister Theresa May said she would now keep working to get her […]
ComBank adds Sri Lanka Ports Authority to its Online Banking Platform
The official event marking the addition of the Sri Lanka Ports Authority (SLPA) to Commercial Bank’s Online Banking platform was recently held at the Movenpick Hotel, Colombo. Following this launch, both personal and corporate customers who have registered for the Bank’s online banking facility can pay their Ports Authority charges in respect to their shipping […]
Cricketing star Kumar Sangakkara addresses the staff of BOI
Apr 10, 2019 (LBO) – Sri Lanka’s investment promotion and facilitation agency, the Board of Investment said that cricketing star Kumar Sangakkara addressed their staff and spoke of the importance of leadership in an organization. The address titled “Reach the Peak 2019” was an opportunity for the popular sporting personality to share his experiences on […]
IMF cuts global growth forecast further to 3.3-pct in 2019
Apr 10, 2019 (LBO) – Reflecting the slowdown in production activity in the latter half of 2018 and the first half of 2019, global growth is set to moderate from 3.6 percent in 2018 to 3.3 percent in 2019, and then to return to 3.6 percent in 2020, the IMF said releasing its World Economic […]