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TISL concerned by delays in RTI Commission appointments
The Right to Information (RTI) Commission, which is the central appellate and monitoring body established under the Right to Information Act of Sri Lanka, is one of the most important independent public institutions in the country today. The Commission is empowered to play a critical role under the RTI law, including hearing matters on appeal, making recommendations for reform, issuing guidelines on record management and […]
Minister of External Affairs of India calls on Foreign Minister Prof. GL Peiris
Foreign Minister Prof. G. L Peiris and Minister of External Affairs of India Dr.S. Jaishankar discussed bilateral relations between Sri Lanka and India on the sidelines of the 5th Indian Ocean Conference in Abu Dhabi. Cooperation in the economic sector, cultural as well as people to people initiatives, and joint initiatives in regional organisations formed […]
Anjelo Simmons – Chief Dealer at First Capital Treasuries in conversation with LBO
With the First Capital Treasuries’ (FCT) Initial Public Offering opening on Monday the 6th of December, Lanka Business Online (LBO) spoke to Anjelo Simmons, the Chief Dealer at FCT to find out what makes the company a unique investment opportunity. Given the ongoing positive momentum centred around the Colombo Stock Exchange (CSE) and propelled by […]
UN expert calls for ‘inclusive society’ to end scourge of slavery in Sri Lanka
Sri Lanka has a robust legal framework to tackle contemporary forms of slavery and been making progress in other areas, such as increasing minimum age of employment from 14 to 16 and the establishment of a child-labour free zone. However, Sri Lanka must become more inclusive and embrace all sectors of society if it is […]
Sri Lanka detects first Omicron variant case
Sri Lanka’s Health Promotion Bureau has confirmed that the first case of the Omicron variant of the coronavirus was detected in Sri Lanka. Accordingly, a Sri Lankan who returned from Nigeria on the 23 of November has been tested positive for COVID-19 new variant Omicron.
VIDEO: Why are so many people quitting?
20 Million Americans have quit their jobs since April. Attrition in India’s tech sector is up 23%. We are in the middle of the Great Resignation. Should you resign too? What can employers do to retain talent?
PUCSL is ready to regulate LP Gas; standard already formulated
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the designated regulator for the petroleum industry, together with Sri Lanka Standards Institute (SLSI) has already formulated a standard for the much-talked LP gas in September this year and is ready to regulate LP Gas and other related industries, Janaka Ratnayake, Chairman […]
hSenid BIZ IPO Opens tomorrow, First-Ever for Sri Lanka’s IT/BPM Sector
The IPO for Sri Lankan multinational software solutions provider, hSenid, will open tomorrow. Managed jointly by NDB Investment Bank and CT CLSA Capital, hSenid marks Sri Lanka’s first-ever IT/BPM public equity issuance, allowing the public to invest in a whole new sector of the economy, and potentially Sri Lanka’s most promising sector for future growth. […]
U.S. donates nearly 200,000 additional Pfizer-BioNTech vaccines to Sri Lanka
Nearly 200,000 additional Pfizer-BioNTech vaccine doses arrived in Sri Lanka today as a donation from the American people. This gift demonstrates the ongoing commitment of the United States to support Sri Lanka in the fight against COVID-19. As the pandemic continues and new variants emerge, the United States continues to partner with the Sri Lankan Ministry […]
Japanese Marubeni Corporation Explores Possibilities of Investing USD 375mn in Wind Power Project
Marubeni Corporation’s Executive Management Team for Asia visited Sri Lanka to negotiate an investment opportunity for the 200MW Mannar Wind Power Project. During this visit, the team met with President Gotabaya Rajapaksa and the Minister of Finance. The Marubeni Corporation with revenues of US$ 67 billion and a history spanning 160 years specializes in Renewable […]
Rs.10 per dollar incentive for inward workers’ remittances converted into rupees: CBSL
The Monetary Board of the Central Bank has decided to pay an incentive of Rs. 8.00 per US dollar for workers’ remittances, in addition to the existing incentive of Rs.2.00 under the “Incentive Scheme on Inward Workers’ Remittances”, when such funds are remitted through banks and other internationally accepted formal channels and converted into Sri […]
MY Kalizma – First Superyacht to berth at Port City Colombo Marina
The Port City Colombo Marina welcomed the MY Kalizma – The Classic Superyacht, once owned by Hollywood screen idols Elizabeth Taylor and Richard Burton. The first Superyacht to sail into the Port City Colombo Marina, established Colombo as a calling port in the Indian Ocean with facilities for berthing luxury Superyachts. Pierre Pringiers, Chairman of […]