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Business mission from CCC visits New Delhi to forge new business links
With the initiative of the Sri Lanka High Commission, Ceylon Chamber of Commerce led a two day business promotion mission to New Delhi on 16th July 2019, to continue establishing business and trade links with industry leaders in the Northern States of India. The mission was also organized to promote the “Sri Lanka Investment and […]
Seylan Bank records Rs 1.5Bn profit after tax during 1H 2019
Seylan Bank recorded a steady performance with Profits before Taxes reaching Rs. 3,476 Million for the 6 months ended 30th June 2019 against the Rs. 2,996 Million reported in the corresponding period of 2018 despite challenging market conditions and recent unexpected events that impacted the Sri Lanka economy. However, the Bank’s Profit after tax increased […]
We were very hurt that UNP failed to stand together with us at this critical time: Rishad
For the first time, the enigma behind Sri Lankan Muslim MPs’ evasion and resisting of their portfolios were revealed on July 30. “I discussed with members of our party ACMC as to whether I should stay out of this portfolio till Presidential elections” said the Minister of Industry, Commerce, Resettlement of Protracted Displaced Persons, Cooperative […]
Sri Lanka imposes ban on selling imported liquor without foolproof sticker
July 30, 2019 (LBO) – Excise Department has banned the sale of all brands of imported liquor without the new foolproof sticker introduced recently by the Department. Accordingly, the possession, transportation, storing and the sale of imported liquor is illegal unless this new sticker is affixed on containers of foreign liquor. The Excise Notice No: […]
Technology, Digital Transformation drives Sri Lanka’s future of business: IBM Forum
July 30, 2019 (LBO) – IBM today conducted an IBM Innovation Forum in Colombo that brought together business leaders to explore how they can leverage next-generation technologies for innovating at scale. The forum saw more than 250 attendees and was focused on bringing forward the business value of emerging technologies through a series of show-and-tell […]
Deputy Minister of Ports and Shipping re-assumes duties
Mohamed Abdullah Mohamed Maharoof re-assumed duties today (30.07.19) as the Deputy Minister of Ports and Shipping. The function took place at the Deputy Minister’s office of Ports and Shipping. Expressing views after re-assuming duties, Hon. Deputy Minister stated that he regretted the Easter Sunday attacks and accordingly all Muslim Ministers resigned from portfolios. “However, considering […]
Citra Social Innovation Lab training inspires Sri Lanka public sector officials
“After 16 years of experience in the public sector I was considering taking early retirement. But after going through this programme I feel like I now have the right tools to make the changes I’ve always wanted to make.” Sentiments shared by a participant from the Eastern Provincial Council. The ‘Foresight & Innovation for #NextGenGov […]
PA warns of damage to local oil palm industry if seedling crisis not resolved soon
Jul 30, 2019 (LBO) – The Planters’ Association of Ceylon (PA) sounded the alarm on the escalating 500 million rupees oil palm seedling crisis, warning of dire and irreversible damage to the industry within the next 3 months if definitive action was not taken to reverse the de facto ban on oil palm cultivation and […]
Cabinet, State and Deputy Ministers who resigned sworn into office again
Jul 30, 2019 (LBO) – Cabinet, state and deputy Ministers who had resigned from their respective ministerial portfolios were sworn in before President Maithripala Sirisena, Monday. Following are the list of ministers with their newly sworn in portfolios …. Rauff Hakeem Minister of City Planning, Water Supply and Higher Education Rishad Bathiudeen Minister of Industry […]
Dentsu Grant Group launches Amnet operations in Sri Lanka
Jul 29, 2019 (LBO) – Dentsu Grant Group has announced the launch of Amnet, the programmatic expert from Dentsu Aegis Network, in Sri Lanka. Amnet is a trusted source for programmatic buying and audience management solutions. Amnet comprises a team of programmatic experts from the Dentsu Aegis Network, who specialize in programmatic buying, programmatic media planning, data […]
Sri Lanka Real Estate regains momentum with international and expat markets
Jul 29, 2019 (LBO) – Following recent marketing efforts by industry leaders as well as by the Sri Lanka Tourism Board Authority (SLTBA), Sri Lanka’s many affected industries including tourism, real estate and construction have begun to see a slow regain in momentum. Following on from the recent Sri Lanka Easter Attacks, several industries, alongside […]
Altair supports 2019 RCGC for 3rd year running
Jul 29, 2019 (LBO) – The revived RCGC Open, one of only two open golf tournaments conducted in Sri Lanka, and now titled the RCGC – Altair Open, is to be worked off over four days at the Royal Colombo Golf Club from 29th July – 1st August with the support of Altair, the event’s […]