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Sri Lanka needs to politically, financially revitalize and empower local governments: PM
Jul 10, 2018 (LBO) – Sri Lanka’s Prime Minister said that the island needs to reconsider the structure of it’s local governments as concepts such as mega-cities and global connectivity come into play. “The biggest issue in the management of mega-cities is that they involve many levels of Government and Local Authorities,” Prime Minister Ranil Wickremesinghe said. […]
Singapore Prime Minister hosts luncheon for Sri Lanka delegation
July 09, 2018 (LBO) – Sri Lanka delegation led by Premier Ranil Wickremesinghe has graced a luncheon hosted by Singapore Premier Lee Hsien Loong today.Premier Lee Hsien Loong has pointed out the Sri Lanka delegation that the FTA signed with Singapore will increase investments in Sri Lanka. According to Loong, the trade agreement will allow […]
World Finance Banking Awards recognize Sampath Bank as Best Retail and Commercial Bank
Sampath Bank was recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 5th consecutive year at the prestigious World Finance Banking Awards awarded by UK based World Finance magazine. Continuing to win accolades both within the island and around the world, the Bank has reigned supreme at this forum, bringing home […]
SLASSCOM elects new chairman, board, and general council for 2018/2019
Jul 09, 2018 (LBO) – SLASSCOM, a representative body that represents growth of the Sri Lankan IT and BPM Industry elected Jeevan Gnanam, chief executive officer/director, Orion City as the organizations Chairman during its Annual General Meeting recently. The members also elected the office bearers for the term 2018/19. Addressing the gathering, Jeevan shared a five-point […]
‘s govt gets USD 50Mn loan from OPEC fund for international development
Jul 09, 2018 (LBO) – Sri Lanka’s government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for International Development (OFID) for implementation of technological education development programme Under current portfolio, OFID provides financing for road and irrigation sectors. The lines and working pattern of our workforce is bound […]
‘s women entrepreneurs finance initiative
Jul 09, 2018 (LBO) – The Asian Development Bank has signed an grant agreement of US 9.5 million dollars for the Women Entrepreneurs Finance Initiative (We – Fi) to support the ongoing Small and Medium Enterprises (SMEs). Financial inclusion for SMEs is important to realize the development objectives of the Government such as promoting exports, […]
Another down week at the CSE; Foreign selling continues
July 7, 2018 (LBO) – Sri Lanka stocks finished the week lower. Socks hit 2018 lows on Wednesday before bouncing on Thursday and Friday. The ASPI was down 1.4% for the week, while the S&P SL20 was down 1.9%. Total market turnover was similar to the previous week at Rs2.9bn (US$18mn). Year to date for […]
Fuel pricing chaos: Gov Info Dept says CPC will sell fuel at previous rates
July 06, 2018 (LBO) – Government Information Department says the Ceylon Petroleum Corporation has decided to sell fuel at the previous rates. Director General of the Government Information Department, Sudarshana Gunawardana in a report to the Official Government News Portal says the circular regarding this decision has been sent to the CPC. In line with […]
Udaya Seneviratne assumes duties as Presidents secretary
Jul 06, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Udaya Seneviratne as his new secretary following the resignation of Austin Fernando. “Mr. Udaya R. Senaviratne assumed duties as Secretary to the President this afternoon (Friday) at the Presidential Secretariat,” the Presidents media unit tweeted. He worked as the Secretary of the Ministry of science […]
Pradeep Moraes of Altair named Sri Lanka Real Estate Personality of the Year
The PropertyGuru Asia Property Awards (Sri Lanka) competition, which is being held for the very first time in Colombo on 12 July 2018, has chosen its first-ever Sri Lanka Real Estate Personality of the year. Pradeep Moraes, director at Indocean Developers – the company behind the twin tower Altair, designed by celebrated architect Moshe Safdie […]
‘s farewell speech
July 6, 2018 (LBO) – Secretary to the President and lifelong public servant Austin Fernando’s farewell speech reproduced in full from the Colombo Telegraph: Born on 12th June 1942, having had my primary education at Hikkaduwa Sinhala School, post-primary education at Richmond College, Galle, I was admitted to University of Ceylon, Peradeniya in July 1960. […]
Janashakthi and ayubo.life partner to spread the benefits of wellness
Revolutionizing Insurance consumption, Janashakthi Life is partnering with ayubo.life to provide their corporate policyholders with the renowned benefits of wellness. Understanding that preventative measures yield better healthcare results over the long term, Janashakthi Insurance has made this revolutionary service available to their corporate policyholders, ensuring that companies are able to remain competitive in the modern […]