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Sri Lanka nominated for destination of the year award in UK for technology: SLASSCOM
Nov 13, 2019 (LBO) – SLASSCOM announced that Sri Lanka has been nominated for this prestigious award by the Global Sourcing Association (GSA). The Delivery Destination of the Year Award was established to champion best practice in sourcing programmes and to recognise and reward delivery destinations that deliver excellent results and value-add to the strategic […]
Speedily adopt modern technologies in all aspects of travel and tourism industry: IPS
The fourth industrial revolution (4IR) is changing today’s world. Globally, 64 per cent of all migrant travellers has migrated for employment. However, traditional models of employment are increasingly replaced by new developments associated with 4IR technologies. This height of technological advancements in some aspects are creating inadvertent challenges. 4IR for Travel A major development in […]
Opinion: Ban on tobacco cultivation: A blessing in disguise for Sri Lankan farmers
By Manoj Thibbotuwawa and Nimesha Dissanayaka While the topic of tobacco control is mentioned in some of the main presidential candidates’ manifestos, it is uncertain whether they will honour the commitment made in 2017 to ban tobacco cultivation by the end of 2020. All these promises come at a time when it is widely believed […]
Strengthening Right to Information in Sri Lanka
Nov 13, 2019 (LBO) – The Universal Declaration of Human Rights recognizes that freedom of expression includes the ‘right to seek, receive and impart information’. The right to information is, therefore, a fundamental right and an essential component of a democratic society. In Sri Lanka, the right to seek and receive information is a constitutional […]
Moody’s Analytics Knowledge Services rebrands as Acuity Knowledge Partners
Nov 13, 2019 (LBO) – Moody’s Analytics Knowledge Services announced its rebrand as Acuity Knowledge Partners (“Acuity”) following the completion of its management buyout from Moody’s Corporation, supported by the European mid-market private equity investor Equistone Partners Europe Limited (“Equistone”). Acuity, a leading provider of bespoke research, analytics and automation technology to the financial services […]
Attorney General advises Central Bank not to make Forensic Audit reports public
Nov 12, 2019 (LBO) – Sri Lanka’s Attorney General has opined that the findings of the Forensic Audit reports should be treated as having the potential to be evidence in investigations and access should be limited to those who have statutory authority to access them. Given the nature of findings, the Monetary Board sought the […]
Sunshine Energy’s third Hydropower Plant adds 2.4MW to national grid
Nov 11, 2019 (LBO) – Sunshine Energy (Pvt) Ltd, a fully-owned subsidiary of Sri Lanka’s diversified conglomerate Sunshine Holdings, opened its third hydropower plant Elgin recently in the Lindula Region. Sunshine Energy’s Elgin plant generates 2.4MW, contributing to the national grid. With the addition of the third plant, Sunshine Energy now contributes close to 7MW […]
Taj Lanka Hotels (TAJ) revenue up 12% as Sri Lanka tourism recovers
November 11, 2019 (LBO) – Colombo Stock Exchange (CSE) listed Taj Lanka Hotels (TAJ) reported surprisingly robust revenue growth for the quarter ended September 2019. Revenue was up 12% year over year for the second quarter to Rs704mn. TAJ, the owner of the five star Taj Samudra Hotel in Colombo, reported a small loss for […]
”s viral video
November 10, 2019 (LBO) – Popular Non Cabinet Minister of Economic Affairs Dr. Harsha De Silva in a short video message highlighted the achievements of the UNF government headed by Prime Minister Ranil Wickremesinghe. The Minister stated that his proudest achievement is that all development has been achieved while preserving democracy and with the citizens […]
Sri Lanka official reserves at USD7.8bn by end October
Nov 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.8 billion US dollars (USD7,783.6mn) by the end of October, up from 7.6 billion US dollars in September, the latest Central Bank data showed. By the end of October, the foreign currency reserves were 6,757 million dollars while the reserve position in the IMF […]
LSE announced the launch of Millennium platform for AAX crypto-currency trading
AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium ExchangeTM in the cloud Demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium […]
Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY
Nov 08, 2019 (LBO) – Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging for business. The company once more credited its performance to a focus on its core logistics business, generating revenue of Rs 28.7 Bn (a 15% growth YoY) and a Gross […]