Category: Other
National tea sales average up in May 2020
Jun 03, 2020 (LBO) – National average for the month of May 2020 totalled Rs. 697.57, the highest ever recorded for a calendar month surpassing the previous best of Rs. 689.18 recorded in April 2020, a new report says. In comparison to May 2019 average of Rs. 539.55, shows a significant increase of Rs. 158.02 YOY, Forbes and […]
Discussion on Colombo Port City: Potential growth impact for Sri Lanka
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of “Port City Special Economic Zone – A Catalyst for Modern Services in Sri Lanka” on Thursday, 04 June 2020, during a webinar titled “Colombo Port City: Potential growth impact for Sri Lanka” hosted by PwC Sri Lanka. […]
ComBank awarded its 20th ‘Best Bank in Sri Lanka’ title by Global Finance
The Commercial Bank of Ceylon has been declared Sri Lanka’s Best Bank in 2020 by the US-based Global Finance magazine, an accolade the Bank wins for the 20th time in the 27 years that Global Finance has presented awards to the world’s best banks. Global Finance’s just-released list of the 28 Best Banks in Asia […]
MillenniumIT ESP launches HealthVision – a Remote Patient Management System
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems providers – recently launched HealthVision – a web enabled, mobile responsive remote patient monitoring platform for medical personnel and care givers. This latest solution enables them to connect with their patients from a remote location, record their details regarding health and safety […]
Criminal operations by underworld drug mafia from prisons must end: President
Jun 02, 2020 (LBO) – President Gotabaya Rajapaksa has emphasized that crimes operated by underworld kingpins and drug mafia from prisons must be put to an end without delay. Specific information relating to criminal activities and drug peddling operated from prisons have been received. The general public is appalled by this situation, President said. “This […]
How can we adjust our capitalist system to face post COVID-19 challenges?
An article by Tharaka Balasuriya With the chaos resulting from Covid 19, many have questioned the effectiveness of the neoliberal economic model. A debate about the negative impacts of the open economic system has been on going in Sri Lanka ever since the introduction of free market reforms in 1977. Although successive governments have experimented […]
SLT Rainbowpages.lk further boost businesses in the post Covid-19 era
SLT Digital Info Services (Pvt) Ltd (SLTDS), the Digital Marketing and Directory Information Services arm of Sri Lanka Telecom PLC (SLT), is proud to announce that it’s SLT RAINBOW PAGES (RBP) national business directory information search facility has been improved tremendously, both in online and offline mediums. As a result of the technological advancement in […]
PM MR sworn in as Minister of Community Empowerment, Estate Infrastructure Development
Jun 01, 2020 (LBO) – Prime Minister Mahinda Rajapaksa was sworn in as the new Cabinet Minister of Community Empowerment and Estate Infrastructure Development before President Gotabaya Rajapaksa at the Presidential Secretariat, today (01). With the demise of Minister Arumugam Thondaman, the ministerial portfolio fell vacant. Secretary to the President, P.B. Jayasundera was also present […]
Reducing health costs and increasing Government revenue beyond COVID-19: Raising cigarette taxes
Harini Weerasekera and Chamini Thilanka The susceptibility of smokers to contract COVID-19 has been recognised by the World Health Organisation (WHO) and other medical authorities. In Sri Lanka, concerned parties have called for a temporary ban of cigarette sales as a measure to contain the spread of the virus – a commendable move. However, beyond […]
World Vision launches USD2.3mn COVID-19 Response Phase II
World Vision Lanka has launched its second phase of the COVID-19 Emergency Response that amounts to USD 2.3 million. The second phase will focus on food security and livelihood, health and hygiene, and child protection and education of the most vulnerable families in 16 districts. “COVID-19, we fear, will have a huge impact on the […]
CA Sri Lanka signs MoU with People’s Bank for COVID-19 loan scheme for members
May 27, 2020 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) entered into a Memorandum of Understanding (MoU) with People’s Bank this week to facilitate members of the Institute to obtain a special loan of up to Rs. 20 million. The loan scheme is available for members who have been […]
Seylan Bank records Rs.902Mn profit-after-tax in Q1
Seylan Bank recorded a Profit after Tax of Rs. 902 Million in Q1 despite challenging market conditions. Net interest income increased by 7.28% during the 1Q 2020 while net fee and commission income from core banking activities witnessed an increase of 2% to reach Rs. 986 Million in 1Q 2020 as compared to Rs. 966 […]