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Active trading in shares of John Keells Holdings (JKH)
December 20, 2018 (LBO) – Trading at the Colombo Stock Exchange (CSE) picked up with active trading in bellwether stock John Keells Holdings (JKH).JKH traded close to Rs2bn (US$11mn) worth of shares as trading neared the close for the day. The amount of shares traded today is close to 1% of the total outstanding shares […]
Vote on Account to be presented in Parliament tomorrow; 55-pct for debt repayments
Dec 20, 2018 (LBO) – Vote on Account to cover the expenditures of the first four months of 2019 to be presented in Parliament tomorrow, Mangala Samaraweera assuming duties as the Finance Minister told reporters.Accordingly, 1,765 billion rupees have been allocated for government expenditure from which 970 billion rupees have been allocated for debt servicing that includes interest […]
Sri Lanka’s new Cabinet of Ministers sworn in
Dec 20, 2018 (LBO) – Sri Lanka’s new Cabinet of Ministers was sworn in before President Maithripala Sirisena at the Presidential Secretariat, today. Accordingly, 29 new Cabinet Ministers were sworn in before the President (without President’s cabinet portfolios). Sources said State Ministers and Deputy Ministers will be appointed later. Following are the Ministers and their portfolios: […]
Tenure of Presidential Comm. to inquire into SriLankan Airlines extended
Dec 20, 2018 (LBO) – President Maithripala Sirisena has extended the term of office of the Presidential Commission to inquire into allegations of large-scale frauds and malpractices in SriLankan Airlines, SriLankan Catering Ltd and Mihin Lanka (Pvt) Ltd, to February 15, 2019. The President appointed this Commission on February 14, 2018, to inquire into allegations of […]
Hayleys Advantis unveils Sri Lanka’s largest distribution hub
Dec 19, 2018 (LBO) – Hayleys Advantis ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, Ja-Ela as part of the company’s expansion efforts aimed at serving its clients better through greater efficiencies and economies of scale. The company said the move bodes well for the nation’s vision […]
‘s Softlogic Life
Dec 19, 2018 (LBO) – LeapFrog Investments, a leading profit with purpose investor, today announced a USD 12 million dollar investment in Softlogic Life Insurance PLC, purchasing the shares of FMO, the Dutch development Bank. The company, growing at 2x the market, is one of Sri Lanka’s fastest growing life insurers, providing Sri Lankans with individual […]
Prof. Rohan Samarajiva awarded SLT Zero-One lifetime achievement award
LIRNEasia founding Chair Prof. Rohan Samarajiva received the SLT 01 Lifetime Achievement Award at a gala ceremony held earlier this week.The award was given him “for the yeoman contribution he has made over the years as a public policy maker and advocate to influence access to cost-effective and high-quality digital infrastructure for all Sri Lankans”. […]
Sri Lanka GDP 2.9-pct for third quarter 2018
Dec 19, 2018 (LBO) – The Department of Census and Statistics (DCS) Sri Lanka said economic growth rate of the country is estimated as 2.9 percent for the third quarter of 2018. The Gross Domestic Product at constant (2010) prices for the third quarter of 2018 recorded as 2,431 ,627 million rupees and GDP reported […]
China Securities Depository and Clearing Corporation and CDS Sri Lanka commits to corporation
Dec 18, 2018 (LBO) – Sri Lanka’s Central Depository Systems (Pvt) Ltd (CDS) and China Securities Depository and Clearing Corporation Limited (CSDC) recently committed towards pursuing a cooperative relationship in the areas of securities clearing and depository. This commitment was formalized with the signing of a MoU between the two depositories during a visit by CSDC […]
MR named opposition leader, Kiriella leader of the house
Dec 18, 2018 (LBO) – Sri Lanka’s Speaker of parliament Karu Jayasuriya named Mahinda Rajapaksa the Leader of the Opposition, Tuesday when the house convened. The Speaker said the United People’s Freedom Alliance was now the largest opposition party as it was no longer in the ruling coalition. Lakshman Kiriella was appointed as the leader of […]
Ceylon Chamber facilitates efficient document approval process for exporters
Dec 18, 2018 (LBO) – A Memorandum of Understanding was signed between the Ceylon Chamber of Commerce and the Ministry of Foreign Affairs (MoFA) recently, for the certification of export related documents through the electronic Document Attestation System (e-DAS) of the Ministry. The MOU provides for the Ceylon Chamber of Commerce to use the e-DAS system […]
HP launches large format photo printers in Sri Lanka
(Media Relaese) – HP DesignJet recently unveiled its new DesignJet Z Printer series to showcase innovative large format technologies. The new printer series offers astounding image quality and fast, simple output for print service providers (PSPs), retailers, photo studios and photographers to deliver beautiful photos, impactful graphics and technical applications. The latest offering from HP […]