Category: Other
Youth leaders vow continued pressure to address climate emergency
Sep 23, 2019 (LBO) – A day after thousands of young people marched and rallied for urgent climate action, young leaders brought their message to the United Nations for the Youth Climate Summit, the opening salvo of the three days long United Nations Climate Action Summit, which will culminate today. The Youth Climate Summit—the first […]
Teejay grabs ‘Best Exporter Award –Textile Sector’ at Presidential Export Awards
Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, was adjudged the Best Textile Exporter in Sri Lanka at the 2019 Presidential Export Awards presented by the Export Development Board (EDB). The ‘Best Exporter Award –Textile Sector’ presented to the Company at the 23rd edition of this awards programme, marked Teejay Lanka’s debut at this […]
Mastercard Track to modernize USD125Tn global B2B payments market
Advances in technology and actionable real-time data are driving businesses to operate faster and smarter. Yet, business payments are often rooted in legacy practices established decades ago. Until now. Mastercard (NYSE: MA) today unveiled its plans to modernize the business-to-business (B2B) payment ecosystem with Mastercard TrackTM. The Track brand of products represents a transformational change […]
Sri Lanka GDP growth 1.6-pct in Q2
Sep 19, 2019 (LBO) – Sri Lanka’s Gross Domestic Product (GDP) growth rate for the second quarter of 2019 has been estimated as 1.6 percent, a new report said. The GDP for the second quarter of 2019 at current price and constant (2010) price have reached up to 3,620,736 million rupees and 2,315,995 million rupees […]
USD50mn from Saudi Fund for new Medical Faculty in Sabaragamuwa University
Sep 18, 2019 (LBO) – Saudi Fund for Development (SFD) has agreed to provide a concessional loan amounting to Saudi Riyal 187.5 Million (USD 50 mn) to establish a Medical Faculty in the University of Sabaragamuwa. The Finance Ministry said in a statement that the balance 20.46 million dollars will be borne by the government. […]
Capitol TwinPeaks boosts expat segment confidence in Sri Lanka real estate
Colombo, Sri Lanka – September 2019 – Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has recorded an increase in Sri Lankan expatriate interest in both the residential project, as well as Central Colombo’s luxury apartment market segment. Speaking with Sri Lankan expat and Group […]
UNP internal crisis shows real democracy exists within party: Sajith
Sep 10, 2019 (LBO) – United National Party Deputy Leader, Minister Sajith Premadasa says that although some internal crisis are seen inside the party to those who are not well-versed in democracy, it is really the party exercising true democracy. “Certain factions are attempting to emphasize that there is a division within the UNP with […]
Fitch downgrades China and US growth on trade dispute
Sep 10, 2019 (LBO) – Disruptions from the sharp escalation in the US-China trade dispute are darkening the global economic outlook, causing us to revise our global economic outlook, Fitch Ratings said. Issuing a statement the rating agency said it has issued downward revisions to their eurozone and US GDP forecasts. “We now expect Chinese […]
Cabinet Minister Navin Dissanayake is 50 today
September 9, 2019 (LBO) – Cabinet Minister of Plantation Industries Navin Dissanayake reached the age of 50 today. Dissanayake is the son of former UNP leader and Presidential candidate Gamini Dissanayake. Navin’s father was assassinated by the LTTE in 1994 at age 52 during his campaign for the presidency. Navin Dissanayake was just 25 years […]
Job Interview Tips: To Ease the Tension
By Chathurika Jayawardana, Founder, Career Kit Facing an interview can be quite stressful if you are a newbie in the battle of job hunting. Your heart beats so hard that you can hear it out loud while waiting outside the interview room! We’ve prepared this ‘INTERVIEW EMERGENCY KIT’ to help ease the tension at the […]
Sri Lankan billionaire Raj Rajaratnam released after 8 years in prison
September 9, 2019 (LBO) – Former hedge fund titan and billionaire Raj Rajaratnam has been released from prison early after being incarcerated for almost 8 years. He was released approximately 2-3 years early due to a new law passed in the United States which proffers leniency to those who are over 60 years of age […]
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. This year, the SLSBC led a delegation of 31 Board level individuals from 26 local companies drawn from a multitude of industry sectors to explore opportunities. What was […]