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Ritz-Carlton Residence and Hotel Tower reaches 30th floor
Jun 17, 2019 (LBO) – Keeping its promise to its client’s and stakeholders, developers of The Ritz-Carlton Hotel and Residence, Colombo, The One Transworks Square Ltd. announced that the 30th floor of the 80-floor tower is now completed as per the schedule. The ultra-luxury tower standing at 326 m will house the hotel brand ‘The […]
Salary anomalies of five hundred thousand pensioners to be removed from next month
Jun 17, 2019 (LBO) – The proposal made by Finance Minister Mangala Samaraweera in his budget 2019 to remove the pensioners’ salary anomalies will be implemented effective from next month. Accordingly, over 500,000 public servants who retired before December 31,.2015 will be benefited by the removal of this salary anomaly. The monthly salary of the […]
Govt provides sovereign guarantee to RDB Bank to obtain USD 50mn loan from ADB
Jun 15, 2019 (LBO) – Government has facilitated the Pradeshiya Sanwardana Bank, by providing a sovereign guarantee, to obtain a loan amounting to 50 million US dollars from the ADB which is operating islandwide providing financial and advisory services to Micro, small and medium enterprises. The Finance Ministry said the project will increase employment opportunities […]
Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm
Jun 14, 2019 (LBO) – The Board of Investment of Sri Lanka signed an Agreement with Putus Brother’s Sustainable Developments (Private) Limited to build, construct and operate a 15 cabana hotel project in Palatupana, Yala. The total value of the project is US 1.6 million dollars. The project will consist of 43 luxury cabanas in […]
Data on violence against women crucial to understanding magnitude of issue: Report
Jun 14, 2019 (LBO) – One in three female homicides in Sri Lanka are related to intimate partner violence and 69 percent of such incidences go unreported, according to a study done in five provinces commissioned by the United Nations Population Fund (UNFPA). In 2018, the High Commission of Canada to Sri Lanka issued a […]
Kavindya Thennakoon delivers inspiring commencement speech at Wellesley
June 13, 2019 (LBO) – Sri Lankan graduate Kavindya Thennakoon has delivered an inspiring commencement speech at Wellesley College, the leading women’s only educational institution in the United States. As of 2017, Wellesley is the highest endowed women’s college in the world, with an endowment of nearly $2 billion. The school is the alma mater […]
Ambassadors from 17 Muslim countries hold special meeting in Parliament
Jun 13, 2019 (LBO) – Ambassadors from seventeen Muslim countries held a special meeting in Parliament on Tuesday, the Speaker’s Media Division announced. Ambassadors from Afghanistan, Bangladesh, Egypt, Indonesia, Iran, Iraq, Libya, Kuwait, Malaysia, Oman, Pakistan, Palestine, Qatar, Saudi Arabia and Turkey were present at the meeting. At the meeting, the diplomats have recognized the […]
First Capital upgrades exchange rate outlook for 2019E to LKR 180 from 194
Jun 13, 2019 (LBO) – Sri Lanka’s First Capital Research has upgraded their exchange rate outlook for 2019E to 1 USD: LKR 180 from 194 as their 65 percent base case scenario. The firm has also introduced a 12-month target for Jun 2020E of 1 USD: LKR 185 as a 60 percent base case scenario. […]
eChannelling introduces Artificial Intelligence based Chabot
Jun 13, 2019 (LBO) – eChannelling, the largest Doctor Channeling Network in Sri Lanka, has launched a Chatbot for the first time in Sri Lanka’s healthcare industry. To provide this convenient method to its customers, eChannelling has joined hands with Autochatic, creators of the world’s only no-coding, context-aware multilingual Chatbot building platform. Autochatic is headquartered […]
We are concerned by political & religious pressure being directed at Muslim community: EU Deleg
Jun 12, 2019 (LBO) – The Delegation of the European Union issuing a statement says that they are deeply concerned by political and religious pressure being directed at Sri Lanka’s Muslim community which is undermining peace and reconciliation in the country. Full statement: The Delegation of the European Union (EU) issues the following statement in […]
Sri Lanka to give effect to UN Security Council resolutions to counter terrorism & extremism
Tangible measures to collaborate with UN mechanisms in keeping with international norms and practices took center stage at discussions during the recent visit to Sri Lanka by UN Assistant Secretary General (ASG) and Executive Director of the Counter Terrorism Executive Directorate (CTED) Michèle Coninsx from 7-8 June 2019. The subjects covered included terrorist financing and […]
CA Sri Lanka members can now obtain AICPA international associate membership
Jun 12, 2019 (LBO) – The Institute of Chartered Accountants of Sri Lanka continued to make inroads across the global accounting arena, as it signed yet another Memorandum of Understanding (MoU) with the Association of International Certified Professional Accountants (AICPA), which aims to strengthen the standing of CA Sri Lanka members internationally. The MoU signed […]