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SriLankan Airlines CEO Suren Ratwatte retires amid Commission hearings
June 08, 2018 (LBO) – SriLankan Airlines CEO Suren Ratwatte has submitted a letter announcing his early retirement, few days after Presidential Commission on SriLankan and Mihin commenced witness hearings. Ratwatte appointed as the Chief Executive Officer of SriLankan Airlines and Mihin Lanka with effect from October 2015. Presidential Commission is to investigate alleged irregularities […]
Knuckles lands not given to investors; Bring evidence if you have: Minister
Jun 08, 2018 (LBO) – Sri Lanka’s Minister of Public Enterprise and Kandy Development, Lakshman Kiriella denied allegations that he was involved in giving acres of land in the Knuckles reserve to several close associates. Speaking at a press conference Thursday the minister said that the allegations were baseless and that the government has taken no […]
Laugfs empowers future generations with Nana Maga Math camps
The LAUGFS Nana Maga Math Camps conducted in collaboration with the Ministry of Education marked another milestone of assisting over 1500 students to strengthen their mathematics knowledge through skill enhancement.The 10th programme was recently conducted in Matara with over 150 G.C.E. (Ordinary Level) students. The LAUGFS Nana Maga Math Camps project was launched last year […]
CSE transfers companies to Watch List due to non-submission of reports
June 07, 2018 (LBO) – Colombo Stock Exchange has transferred nine companies to their Watch List with effect from today due to non-submission of interim financial statements for the period ended 31 March 2018. Accordingly, Anilana hotels and properties, Adam capital, Tess agro, Ceylon & foreign trades, Janashakthi, Ceylon printers, Lucky Lanka milk processing, Office […]
Sri Lanka Big Bad Wolf book sale from 28th June – 8 July
The 24-hour book sale returns to Sri Lanka with over 1.5 million books at 60%-80% discounts this 28 June – 8 July The Big Bad Wolf Book Sale announced its return to Sri Lanka today at a press conference held at Park Street Mews, Colombo. Known as the world’s biggest book sale, the Big Bad […]
Sri Lanka elected to UNESCO intergovernmental committee for safeguarding intangible cultural heritage
Jun 07, 2018 (LBO) – Sri Lanka has been elected to one of four (04) seats available for the Asia-Pacific, in the Intergovernmental Committee for the Safeguarding of Intangible Cultural Heritage, for the period 2018-2022. Eight countries contested from the Asia-Pacific Group, namely, Bangladesh, China, Japan, Kazakhstan, Thailand, Malaysia, Palau and Sri Lanka.With Palau withdrawing its […]
Malik visits German Engineering Company at Katunayake BOI
Malik Samarawickrama Ministry of Development Strategies and International Trade visited the Kramski Lanka (Pvt) Ltd manufacturing plant at the BOI’sKatunayake Export Processing Zone. This German Enterprise was established in Sri Lanka in 1993 and has been engaged as a BOI project in the designing and manufacture of advanced products utilized in complex engineering processes. Kramski […]
ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC
June 06, 2018 (LBO) – ICRA Lanka Limited, aubsidiary of ICRA Limited, group company of Moody’s Investors Service, has assigned [SL] A1 rating to the 1,000 million rupees commercial paper programme of Lanka ORIX Leasing. Full text of the rating action is reproduced below. Rating action: ICRA Lanka Limited, Subsidiary of ICRA Limited, group company of […]
Deputy Speaker Ananda Kumarasiri assumes duties
Ananda Kumarasiri, a parliamentarian from United National Party who received 97 votes at yesterday’s election assumed duties today as the new Deputy Speaker of Parliament.
How to overcome three common challenges in software outsourcing
Outsourcing is an excellent way to cut operating expenses, but it is not a perfect tool. Businesses have reported having problems with their offshore teams due to poor quality work, frustrating delays and long hours at the office. Challenges from outsourcing include lack of communication, higher than expected costs and quality not matching expectations. However, […]
Virtusa hosts panel discussion on how women can overcome career challenges
As more women enter the workforce the pressures and challenges they face only begin to increase each year. Despite these growing obstacles many women persevered and surmounted even the most difficult barrier and reached the upper echelons of industry. Virtusa recently sat down with some of these trailblazers at a panel discussion on ‘How to […]
Sampath Bank Marches towards Vision 2020 with Sampath Stars
Sampath Bank recommitted itself to offering technology driven, world class financial services to Sri Lankan consumers and businesses at an awe-inspiring event titled “Towards Vision 2020 with Sampath Stars” held at the Hilton Colombo, recently. Apprising over 1,000 Sampath Bank team members present of the Bank’s significant recent milestones, Mr. Nanda Fernando, Managing Director, Sampath […]