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BOI contributes ‘Doing Business in Sri Lanka’ forum in Singapore
(BOI Media Release) – The Board of Investment of Sri Lanka in collaboration with Ceylon Chamber of Commerce participated at the Forum titled “Doing Business in Sri Lanka – Development Potential and Opportunities” held at the office of the Singapore Business Federation. At this Forum Mr. Upul Jayasuriya, Chairman of Board of Investment of Sri […]
Legal action against consultants of Security Services Headquarters
Aug 06, 2015 (LBO) – The Cabinet has appointed an official committee to investigate and report activities being carried out with regard to the Security Services Headquarters Construction Project being implemented in the Akuregoda area of Battaramulla. The Cabinet has also decided to take appropriate legal action based on the results of proposed investigation.The attention […]
Sri Lanka appoints committee to investigate corruption in state transport service
Aug 06, 2015 (LBO) – A Special Investigation Committee has been appointed by the Secretary to the Ministry of Internal Transport to investigate corruption at the ministry and its affiliated institutions within the last five years.The cabinet nod has also been given to a proposal made by Internal Transport Minister Ranjith Maddumabandara to obtain instructions […]
UK global scholarship programme ‘Chevening’ starts accepting applications
Aug 06, 2015 (LBO) – The Chevening Secretariat is accepting applications for 2016/2017 Chevening Scholarships from 3 August until 3 November 2015, the British High Commission said in a statement.Chevening Scholarships are awarded to individuals with strong academic backgrounds who also have demonstrable leadership potential. The scholarship offers financial support to study for a Master’s […]
JDS Scholars leave for Japan
(Japanese Embassy Press Release) – The Government of Japan has finalized 15 prospective public sector officials for the 2nd batch of the second phase under its Japanese Grant Aid for Human Resources Development Scholarship (JDS) Program and the Fellows are now ready to leave for Japan to pursue 2 – years academic programmes which will […]
CBL honours excellence at Distributor Convention and Sales Star Awards
(News Release) – Ceylon Biscuits Limited (CBL), Sri Lanka’s largest local food and confectionery conglomerates in Sri Lanka recently concluded its 2014/15 Annual Distributor Convention and Sales Star Awards Ceremony, at the Sri Lanka Exhibition & Convention Centre, Colombo. The objective of this annual event was to evaluate and appreciate the contribution of the Company’s […]
America’s Greece in the making, Puerto Rico defaults another bond payment
Aug 06, 2015 (LBO) – One of the unincorporated territories of the United States, Puerto Rico, is to default another bond payment due on September 01 after the government defaulted its first bond payment in their history on Monday.The second default is a payment of 92 million US dollars a month into a general obligation […]
India allows watching internet sex after widespread criticism over ‘moral policing’
Aug 06, 2015 (LBO) – India has lifted its ban on 857 websites that host adult or pornographic content after the move was severely criticized as a Talibani type decision.The government reversed the decision it took few days ago, ordering Internet Service Providers to only block access to sites that contain ‘child pornographic content’ allowing […]
Sri Lanka’s Expolanka net up 28-pct in June quarter
Aug 06, 2015 (LBO) – Group profits at Expolanka Holdings with interest in logistics rose 28 percent to 222 million rupees in the June quarter from a year ago showing strong growth in freight and logistics business, the company said in a stock exchange filing. Earnings per share rose to 11 cents in the quarter […]
Sri Lanka’s President assures support and freedom for private sector to engage in businesses
Aug 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena assured fullest support for private sector businesses to operate freely while government would build strong relations with other countries which would help trade and investment.“The government and private sector should share a bond, friendliness, trust and transparency to develop the economy.I believe the government should […]
‘s Fitch Affirms Ceylon Dollar Bond Fund at BB-/V-5
Aug 05, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-‘ with a Fund Volatility Rating of ‘V-5’. The full text of the announcement is reproduced below. Fitch Affirms Ceylon Dollar Bond Fund at ‘BB-‘/’V-5’ Fitch Ratings-London/Colombo-05 August 2015: Fitch Ratings has affirmed Ceylon Dollar Bond […]
Commercial Bank launches low cost insurance for micro borrowers
(News Release) – A low cost insurance scheme that will protect micro borrowers has been launched by Commercial Bank of Ceylon in association with two insurance companies, Ceylinco Insurance and BIMA. The policy will cover the borrowers against accidental death or permanent disability, compensate for loss of income due to hospitalisation and also contribute towards funeral […]