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Norway partners with UNDP Sri Lanka to support peace & justice
Dec 10, 2018 (LBO) – Norwegian government has entered into a partnership agreement with the UNDP Sri Lanka to extend support to UNDP Sri Lanka’s flagship portfolio on SDG (Sustainable Development Goals) 16: Peace, Justice and Strong Institutions project for the period December 2018 to December 2020. The Ambassador of Norway to Sri Lanka Thorbjørn […]
MV ONE Columba makes maiden call at Colombo Port
Ocean Network Express (ONE)’s newest vessel MV ONE Columba called the Port of Colombo on her maiden voyage on the 7th of December 2018. The arrival of the vessel marked the first ever ONE branded vessel to call the port of Colombo. With its magenta colored hull and loaded fully with ONE’s magenta colored containers, […]
Buyback offer lifts John Keells (JKH) stock out of the doldrums
December 8, 2018 (LBO) – Sri Lanka’s stock market bellwether John Keells Holdings (JKH) has seen its stock price rise sharply since the start of Sri Lanka’s constitutional crisis. JKH stock touched multiyear lows of Rs126/share weeks before the October 26th start of Sri Lanka’s political turmoil. Trading significantly below net asset value of over […]
‘s capital markets last week
December 8, 2018 (LBO) – Last week, the recent trend of foreign outflow from Sri Lanka’s stock and bond markets picked up speed with almost US$100mn of outflows in just the last week. This takes total outflows since the constitutional crisis to approximately US$350mn. Sri Lanka’s constitutional crisis started less than one and a half […]
STAX Head of Research reaches the finals of Bracken Bower Prize
(PRESS RELEASE) – STAX has long been known to attract top talent from some of the world’s most prestigious universities and corporates. Its Head of Research Piyumi Kapugeekiyana is a testament to this. Piyumi was recently selected as one of three finalists across the world for the prestigious and coveted Bracken Bower Prize. The Bracken Bower […]
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) – Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life insurance company in 2018. Softlogic Life rewrote the history books recently after it was conferred with eight prestigious accolades at three of the most prominent industry awards ceremonies in Sri […]
Sri Lanka signs agreement with FAO & China to strengthen fruit value chain
Dec 07, 2018 (LBO) – The signing ceremony of the FAO-China South-South Cooperation Tripartite Agreement between the Food and Agriculture Organization of the United Nations (FAO), China, and Sri Lanka took place at FAO headquarters on 6 December 2018. Food and Agriculture Organization said the aim of this South-South Cooperation project is to help Sri Lanka […]
Tourist arrivals to Sri Lanka up 17-pct in November despite political crisis
Dec 07, 2018 (LBO) – Tourist arrivals to Sri Lanka were up 16.8 percent to 195,582 in November from a year earlier despite the current political uncertainty in the country, official data showed. The largest source market for tourists is reported from India, followed by the United Kingdom and China and almost 94 percent of tourists […]
Commercial Bank provides Internet Payment Gateway to Daraz
The Commercial Bank of Ceylon has been appointed the Internet Payment Gateway (IPG) service provider to ‘Daraz,’ South Asia’s premier online shopping market, to enable seamless online transactions for its large base of shoppers. The online payment processing of Daraz will be facilitated by Commercial Bank through Mastercard Payment Gateway Services (MPGS) and will provide […]
Sri Lanka Supreme Court extends interim order on Parliament dissolution
Dec 07, 2018 (LBO) – Sri Lanka’s Supreme Court has extended a suspension of a contested dissolution of parliament in the island by another day. The Court said that the extension will be till Saturday (tomorrow) and will allow further hearings scheduled today. Earlier, a three-judge bench headed by the Chief Justice, Nalin Perera granted […]
Planters’ Association says 100-pct increase in daily basic wage not sustainable
Dec 07, 2018 (LBO) – Planters’ Association of Ceylon has reiterated the position of its membership that a 100 percent increase in daily basic wages as demanded by the trade unions simply cannot be sustained by the industry. The comments came in the wake of an indefinite strike action declared by the trade union leaders of the […]
We are only partners of Sri Lanka democracy, but not of UNP: ACMC
Dec 06, 2018 (LBO) – All Ceylon Makkal Congress (ACMC) said that they are committed stakeholders of Sri Lanka’s democracy but not striving to promote deposed Prime Minister Ranil Wickremesinghe as an individual. “We do not have any personal passion for the individual, Ranil Wickremesinghe. There are no ‘relationships’ between ACMC and the UNP either,” […]