Category: Other
Trump secures U.S. presidential election: report
Nov 09, 2016 (LBO) – Donald Trump will become the 45th US president after beating Democrat candidate Hillary Clinton, foreign media reports said. The battlegrounds of Florida, Ohio and North Carolina cleared the way for Trump to beat favored Clinton, the Associated Press news agency reported. “I just received a call from Secretary Clinton. She congratulated us […]
Hayleys PLC profits down due to Rs.459Mn, Tea and Rubber losses
(PRESS RELEASE) – (November, 07, 2016): Sri Lanka’s leading diversified conglomerate, Hayleys PLC recorded a sharp increase of 18% Year-on-Year (YOY) increase in revenue, with growth in Construction, Agriculture, and Hand Protection sectors supporting the Group to post revenue in excess of Rs. 52 billion by the end of the first half of 2016 (1H16). […]
VirtusaPolaris Unveils Robotic Automation and Innovation Centre, RAICer, at Colombo Facility
(PRESS RELEASE) – Taking Robotic Process Automation (RPA) and Quality Assurance (QA) practices to the next level, VirtusaPolaris unveiled its latest epicentre for innovation, the Robotic Automation and Innovation Centre, RAICer, at its Sri Lanka Advanced Technology Centre (ATC) in Colombo recently. The facility was declared opened by Kris Canekeratne, chairman and CEO of VirtusaPolaris. […]
JAT conferred Sri Lanka Best Employer Brand Award
(PRESS RELEASE) – Colombo. Friday 04 November 2016. JAT Holdings announced that it has been named Sri Lanka’s Best Employer Brand, an award conferred by the Employer Branding Institute, World HRD Congress & Stars of the Industry Group, with CHRO Asia as a strategic partner, and endorsed by the Asian Confederation of Businesses. The Sri […]
International Forum offers investment and capacity building
Press Release: Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade welcomed the participants of the 10th Annual Forum of Development Countries Investment Negotiations which was organized by the International Institute for Sustainable Development (IISD), the South Center and co-hosted by the Ministry of Development Strategies and International Trade and Board of Investment of […]
Fitch rates LB Finance senior and subordinated debt
Fitch Ratings has assigned LB Finance PLC’s (LB; A-(lka)/Stable) proposed senior unsecured and subordinated debentures expected National Long-Term Ratings of ‘A-(lka)(EXP)’ and ‘BBB+(lka)(EXP)’ respectively. The issuance is to total LKR5bn, with the debentures to mature in five years and carry fixed coupons. The debentures are to be listed on the Colombo Stock Exchange. LB expects […]
Polls show tight Clinton, Trump race in US elections
Nov 04, 2016 (LBO) – With Americans set to vote on 8 November to choose their next president, the polls have narrowed to place Hillary Clinton and Republican rival Donald Trump on par, a poll of polls shows. The BBC poll of polls shows both with a 45 percent rating. The poll looks at the […]
SLT Akaza Cloud powers Aberdeen Holdings with Oracle ERP Solution
Press Release: Sri Lanka Telecom (SLT), the premier ICT solutions provider was proud to announce that its National Cloud Platform, “AKAZA” has powered Aberdeen Holdings Group of Companies with Cloud based Oracle ERP solution to streamline its enterprise business processes across the group’s business activities. The SLT Akaza Cloud based Oracle ERP solution facilitates the […]
UBER launches new rider app
(PRESS RELEASE) – Colombo, November 2, 2016: Uber, the ridesharing app, today announced the launch of its new rider app, rebuilt completely from the ground up for the first time, since the last redesign in 2012. Re-engineered keeping in mind the changing needs of riders around the world, the new rider app aims to recapture […]
Japan confers prestigious decoration on Speaker Karu Jayasuriya
On 3rd November 2016, the Government of Japan announced the conferment of “The Grand Cordon of the Order of the Rising Sun” upon Hon. Karu Jayasuriya, Speaker of the Parliament of Sri Lanka, as recognition for his significant contribution in promoting bilateral relations between Japan and Sri Lanka. A congratulatory message was sent by Mr. […]
Sri Lanka’s veteran musician Pandit Amaradewa no more
Veteran singer and musician Pandith W. D. Amaradewa, who was admitted to the Sri Jayawardanapura Hospital this morning following a heart attack has passed away at the age of 88. He was being treated at the Intensive Care Unit of the Sri Jayawardenapura Hospital. Wannakuwatta Waduge Don Albert Perera better known by his adopted name […]
Import and export trade – Are bogus surcharges resurfacing?
It is evident by the recent press articles that, some elements are trying to influence the authorities to reintroduce TCH and other surcharges, which will render the Import /Export trade very uncompetitive. Back in time, It was the EASL, which was led by the late Mr. Lyn Fernando, the then Chairman who boldly took up […]