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Sri Lanka Telecom & Mobitel join forces making history in national connectivity
Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a lasting legacy as the national Information and Communications Technology (ICT) solutions leader. The historic unification of products and services were symbolically launched at the event that took place with the […]
68,000 Sri Lankans awaiting return: Foreign Secretary
Despite the worsening global situation triggered by the Covid pandemic, the process of repatriation of Sri Lankans, one of the most pressing challenges at hand has been judiciously spear headed by the Foreign Ministry under the directive of Minister Dinesh Gunawardana, enduring insurmountable challenges overseas amid lockdowns, isolations, curfews and closure of air space, to ensure swift return of Sri Lankans who are in distress. Since the evacuation of 33 students from Wuhan City, in February 2019, the Ministry has been carrying out the task of repatriation for almost a year now and […]
England Cricket team arrived in Sri Lanka to play two Test series in Galle
Jan 03, 2021 (LBO) – The England cricket team arrived in Sri Lanka on Sunday to play two Test series against Sri Lanka in Galle. This will be preceded by a period of quarantine and training, the British High Commission said. The first test match begins on 14 January, followed by the second on 22 […]
| New Confessions of an Economic Hit Man
The New Confessions of an Economic Hit Man author John Perkins joins to detail how he used to operate on behalf of the rich and powerful to coerce leaders of developing countries to accept massive loans as a ploy to bankrupt them into signing away their resource rights for pennies on the dollar — or […]
VIDEO: World welcomes New Year with low-key celebrations
From Sydney Harbour Bridge to the Acropolis, fireworks burst in skies above eerily deserted landmarks as the world ushered in the New Year with muted celebrations and said good riddance to a pandemic-ridden 2020.
ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011
Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the highest annual increase the index has seen since 2014. The ASPI ended 2020 on 6774.22 points. Meanwhile, the S&P SL20 index, which features the CSE’s 20 largest and most liquid […]
ComBank launches Sri Lanka’s first ‘WhatsApp Banking’ facility
A simple “Hi” is all it now takes to access services at the Commercial Bank of Ceylon. Demonstrating its innovative use of new-age communications, the country’s largest private bank has pioneered a ground-breaking product on the world’s most widely-used messaging platform WhatsApp to become the first Sri Lankan bank to offer Banking Services on the […]
New Year motivates us to move towards a new meaningful height in life
Jan 01, 2021 (LBO) – The dawn of the New Year motivates us to move towards a new meaningful height in life while providing an opportunity to clearly understand the challenges we face at each passing moment, President Gotabaya Rajapaksa said in his new year message. New Year Message The dawn of the New Year […]
Sri Lanka to launch e-Land Registration programme by August
Jun 30, 2020 (LBO) – Sri Lanka’s e-Land Registration programme is expected to launch by August this year with the support of the Information & Communication Technology Agency (ICTA), President’s Media Division said. Under this programme, an e-Passbook will be issued for the lands registered under the e-Land Registration system. With the new registration programme, […]
Sarvodaya Development Finance records a profit growth of 147-pct in 2019-20
Jun 30, 2020 (LBO) – Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Movement, sailed through the turbulent 2019-20 financial year to report a record profit growth. The finance company, which funds the charitable and social development activities of the Sarvodaya Movement across rural Sri Lanka, recorded one of its best years […]
Fallout from Pandemic prompts an unprecedented rate cut: FCR
Jun 30, 2020 (LBO) – First Capital Research (FCR) believes that there is a higher likelihood of 90% that CBSL may provide a rate cut to ensure the continued supply of credit at a low cost of funding. The firm also believes that there is a probability of 40% for a 100bps rate cut to […]
‘s Foreign Minister gets phone call from US Secretary of State
Jun 30, 2020 (LBO) – Sri Lanka’s Foreign Relations Minister Dinesh Gunawardena and US Secretary of State Mike Pompeo has engaged in a discussion on the review report of the MCC among other matters in a telephone conversation on 29 June evening. US-Sri Lanka cooperation in COVID response-supply of PPEs to the US, donation of […]