Category: Other
SL and Australia to strengthen cooperation to counter people smuggling
Sep 06, 2019 (LBO) – Sri Lanka and Australia have re-dedicated themselves to counter people smuggling and discussed in detail avenues for strengthening cooperation to address the recent escalation of the number of people-smuggling ventures from Sri Lanka to Australia since May, 2019. Foreign Secretary Ravinatha Aryasinha expressed Sri Lanka’s fullest support to Australia in […]
IMF removes age limit for the position of Managing Director
Sep 06, 2019 (LBO) – The Board of Governors of the IMF has approved the proposal by the Executive Board to remove the age limit for the position of IMF Managing Director. Approval of the proposal required a simple majority of the votes cast, with a minimum participation requirement of a majority of Governors holding […]
Condominium Mgmt Authority, National Gem & Jewellery Authority to share information with Financial Intel Unit
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into Memoranda of Understanding (MOUs) with Condominium Management Authority (CMA) and National Gem and Jewellery Authority (NGJA) on 28 August 2019 at the Central Bank of Sri Lanka with the […]
Disaster risk resilience: key to protecting vulnerable communities
By Armida Salsiah Alisjahbana The past five years have been the hottest on record in Asia and the Pacific. Unprecedented heatwaves have swept across our region, cascading into slow onset disasters such as drought. Yet heat is only part of the picture. Tropical cyclones have struck new, unprepared parts of our region and devastatingly frequent […]
William Penn announces its launch in Sri Lanka
Penndome Sri Lanka, announces its brand launch in Sri Lanka of the William Penn brand. The brand offers a wide portfolio of products in premium writing instruments & stationery including men’s accessories and corporate gifts. The company boasts of exclusive tie-ups of over 50 world renowned brands such as Sheaffer, Hugo Boss, Moleskine, Caran d’Ache, […]
Allianz Lanka appoints Nihal Handunge as Deputy CEO for Life Insurance arm
The board of directors of Allianz Lanka recently announced the appointment of Nihal Handunge as the Deputy CEO for Allianz Life Insurance Lanka Limited. With this new appointment, Handunge will take the responsibility of overseeing the growth strategy of the business along with the overall management responsibility of Allianz Lanka’s Life operations in Sri Lanka. […]
Virtusa to automate SLT backend services & revamp service offerings to customers
Sri Lanka Telecom (SLT), the national ICT and digital solutions provider entered into a landmark agreement with Virtusa Private Limited, a global provider of digital strategy, digital engineering, and IT outsourcing services, heralding a radical transformation in customer experience for SLT’s valued customers in the coming weeks and months. The signing of this memorandum of […]
‘s revises its growth forecasts for 16 Asian economies
Aug 23, 2019 (LBO) – Moody’s Investors Service in a newly released report has revised downwards its GDP growth forecast for 16 economies in Asia Pacific. Of the 16, Hong Kong and Singapore have shown particularly weak expansions this year, with very large deteriorations in real GDP growth when compared to the first half of […]
CA Sri Lanka to break gender barriers in boardrooms with new directory
Aug 22, 2019 (LBO) – In a landmark initiative aimed at breaking gender barriers across boardrooms, the Institute of Chartered Accountants of Sri Lanka recently launched the ‘Board Ready Female Members Directory’ which promotes more female representation. The directory which features a list of female Chartered Accountants who possess extensive experience and are board ready, […]
JICA, Women & Child Affairs Ministry launched training programme for Frontline Officers
Ministry of Women & Child Affairs and Dry Zone Development (MOWCADZD) has launched the capacity building training programme for Frontline Officers (FLOs) under technical cooperation by Japan International Cooperation Agency (JICA). Inauguration and launching of this in-country training programme has conducted on August 19th, 2019 in Palgahathanna Management Development Training Centre in Uva Province with […]
Sri Lanka cabinet grants approval to amend Muslim Marriage & Divorce Act
Aug 21, 2019 (LBO) – Sri Lanka’s Cabinet of Ministers has approved a proposal to amend the Muslim Marriage and Divorce Act. The proposal contains amendments to the Act including the legal age for a Muslim marriage (minimum age 18) and the process that should be followed when registering a marriage. There are also proposals […]
Mobitel signs MoU with Japura Uni to conduct collaborative research on 5G, IoT & AI
The National Mobile Service Provider, Mobitel recently signed a landmark Memorandum of Understanding (MoU) with the University of Sri Jayewardenepura, to co-create and co-innovate in the area of telecommunication, 5G, Internet of Things (IoT), Artificial Intelligence (AI) and more – with both parties sharing their respective areas of expertise and knowledge towards the common goal […]