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Opinion: Ranil Wickremesinghe is fighting the good fight, and he will win it
November 7, 2018 (LBO) – A fortnight ago, Sri Lanka was shocked at the news that former President Mahinda Rajapaksa had been sworn in as the nation’s Prime Minister. Initial reactions of many were that they thought it was fake news, a joke even. However, as the news trickled out, and photos were circulated, it […]
UPFA MP Manusha Nanayakkara extends support to Ranil as legitimate PM
November 6, 2018 (LBO) – UPFA elected member of Parliament from the Galle District, Manusha Nanayakkara has resigned his deputy ministerial portfolio and pledged his support to Ranil Wickremesinghe as the legitimate Prime Minister of Sri Lanka. In a thoughtful letter below explaining his position, the former journalist accepted the stance of the Speaker Karu […]
The 6 biggest trends for tech startups to look forward to, this 2019
At the rate of which technology has been advancing, it’s no surprise that various trends come and go. As a result, the subsequent rise (and fall) of numerous tech startups is just as ubiquitous. However, considering the potential that prevalent technologies at any given point of time present, tech enthusiasts big and small want to […]
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion Integration of the two-degree climate target in proprietary investments and business operations starting The Allianz Group has taken the leading position among […]
Emirates takes Sri Lanka’s popular culture to the skies
There’s nothing quite like watching a movie in one’s own language, or listening to the music of a favourite local artist to feel at home even at 35,000 feet, a fact that Emirates, the world’s largest airline, has invested in with an award-winning inflight entertainment system that caters to hundreds of nationalities including Sri Lankans. […]
AIA Insurance partners with Sampath Bank to facilitate premium payments
AIA Insurance Lanka has entered into a strategic partnership with Sampath Bank on insurance premium payments to enhance customer convenience. Appointing Sampath Bank as its payments channel in Sri Lanka, AIA has opened up a wide mix of the Bank’s physical and digital touchpoints to its policyholders and Wealth Planners. They will now be able […]
Sri Lanka explores tourism market potential in Switzerland
Nov 06, 2018 (LBO) – The Sri Lanka Mission in Geneva in collaboration with Sri Lanka Tourism Promotion Bureau organized the islands participation at a tourism exhibition in Switzerland. iViaggiatori is the prestigious tourism event that takes place annually in the Italian speaking canton in Switzerland, and is recognized as one of the prominent tourism trade fairs in […]
Asiri buys Hemas Southern Hospital for Rs.450Mn
Nov 06, 2018 (LBO) – Asiri Hospital Holdings Plc, a subsidiary of Softlogic Group acquired Hemas Southern Hospitals for 450 million rupees, a statement said. In a Stock Exchange filling the company said that the decision to enter into this transaction brings tremendous synergy to the Asiri group with the existing hospitals and laboratories of Asiri in […]
Constitutional Crisis – Foreign exodus from CSE continues with Rs3bn sold today
November 5, 2018 (LBO) – Foreigners continued to exit the Colombo Stock Exchange (CSE) with net foreign selling of over Rs3bn on the day. With the accelerating exit by foreigners out of Colombo’s stock and bond markets, Sri Lanka’s constitutional crisis could very well turn into a financial crisis. Analysts say that the crisis (unless […]
Heavy trading in John Keells (JKH) with over 1.5% of company changing hands
November 5, 2018 (LBO) – Sri Lanka’s constitutional crisis has lit a fire under the counrty’s stock market sending trading volumes soaring. Trading at the Colombo Stock Exchange passed the Rs4bn (US$23mn) mark with the trading day nearing a close. Trading volume is being driven by transactions in market bellwether John Keells Holdings (JKH). Over […]
Mangala says Singapore Platts price of refined petrol down 12-pct since Oct 10
Nov 05, 2018 (LBO) – Mangala Samaraweera says that the Rajapaksa administration is attempting to revert to the opaque, politicized regime of fuel pricing that resulted in the CPC being landed with a huge debt which is eventually borne by taxpayers. Samaraweera said that there has been a 12 percent reduction in the Singapore Platts […]
Speaker recognises Ranil Wickremesinghe-led Government as legitimate
Nov 05, 2018 (LBO) – Speaker Karu Jayasuriya says that until the parliament is reconvened he has no option but to recognize the composition of the last parliament as legitimate. Slamming the President for his recent conduct, Speaker further says that he recognizes the previous government as the legitimate government unless proven otherwise by a Parliamentary […]