Category: Other
Chinese stocks continue slide following historic sell-off
July 28, 2015 (LBO) – China’s main stock index, Shanghai Composite continued its slide and fell by 4.3 percent to 3,567.38 points in early trade Tuesday, foreign media reports said. China has tried to calm investors by reassuring them it would implement prudent monetary policy to stabilise markets with the country’s central bank injecting 8.05 […]
Ceylinco Life ignites interest in life insurance with new ‘Supreme’ policy
Unique life policy cum investment pays lump sums every four years while retaining maturity value (News Release) An attractive new policy that will pay up to 50 per cent of the basic sum assured in lump sums every four years without any diminution of the policyholder’s maturity entitlements has been launched by Ceylinco Life, sparking fresh […]
Sri Lanka’s banking Industry should adopt new tech before it gets isolated: Aravinda Perera
July 27, 2015 (LBO) – Sri Lanka’s banking industry should make use of digital technology to improve customer service and to be on par with the competitive global payment industry, one of its banking leaders said. In today’s world it is not only a bank playing in the payment industry but also telcos, supermarkets and […]
Building disruptive models challenge dominant industry logic: Leapset CEO
July 25, 2015 (LBO) – Anyone can build a disruptive company, but not if you work for a big company, Mani Kulasooriya, co-founder and the chief executive of Leapset, a technology innovator for the United States food service industry, said. “If you are big company, you have to worry about your existing business, customers, brand, […]
Sri Lanka’s Finance Minister Ravi Karunanayake accuses Attorney General Department
July 24, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake on Friday accused Attorney General over an incident occurred when dealing with the Golden Key Depositor’s issue. “Everyone thinks Attorney General is on our government side.But what we see here is an act against our government. Even yesterday night there was going to be a problem,” […]
MAS in chemical leasing arrangement for waste water treatment
July 24, 2015 (LBO) – MAS Active Linea Intimo announced it has entered into a chemical leasing arrangement for waste water treatment, a world’s first for the industry, according to the garments manufacturer. Chemical leasing is a business model in which a chemical is leased from a company providing its service. MAS Active Linea Intimo […]
Sri Lanka Customs to get modern container scanning facility; dock yard for Hambantota Port
July 23, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal to install a modern container scanning system at Sri Lanka Customs with the view of improving the efficiency and productivity of Customs.The proposal has been made by Finance Minister Ravi Karunanayake to implement the system through a partnership with the private sector.Sri Lanka […]
MAS unveils the world’s first Chemical Leasing project for waste water treatment
(Press Release) MAS breaks new ground with the world’s first Chemical Leasing project for waste water treatment.UNIDO applauds it as a great start for Sri Lanka and a giant leap in rethinking chemical management by responsible business brands. Categories: Sustainable Business, Best Practices, Chemical Management As part of a long term commitment to environmental sustainability, […]
Sri Lanka to take legal action to obtain due payments for the transport used in last presidential election
July 23, 2015 (LBO) – Sri Lanka cabinet of ministers had decided to take legal action to get the payments due and to obtain compensations for the damages that had been caused, for the transport used in last presidential election, cabinet spokeman Rajitha Senaratne said at a press briefing held in Colombo. Minister of Internal […]
BRICS Development Bank To Counter Western Lenders
July 22, 2015 (LBO) – The BRICS group of emerging economies launched its New Development Bank (NDB) in Shanghai on Tuesday with the promise of more financial security to its member states and developing countries. Set up by Brazil, Russia, India, China and South Africa, it is seen by many as a counter to the […]
Heads of SAARC statistical organizations to meet in Sri Lanka tomorrow
July 22, 2015 (LBO) – The seventh meeting of the heads of SAARC statistical organizations is scheduled to be held in Colombo for two days starting from tomorrow.Director General of Department of census and statistics Amara Satharasingha will be officially elected as the chairperson of the seventh conference, statistics department said. It is organized by […]
Ravi Karunanayake’s Bus Ride
Finance Minister Ravi Karunanayake recently kick started the bus service along Town Hall – Dematagoda (167) bus route which interrupted for a long time.