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SriLankan requests passengers to arrive 3 hrs prior to departure time
Urgent Notice Colombo May 17, 2018: SriLankan Airlines wish to inform all passengers, to arrive at the airport three hours prior to the departure time effective today, 17th May 2018, 12.00pm onwards until further notice.This is to minimize delays that may arise due to ‘work to rule’ trade union action carried out by the Sri […]
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from the eTouch acquisition. Fourth quarter fiscal 2018 diluted EPS was $0.06 on a GAAP basis, and $0.55 on a non-GAAP basis, up 17% sequentially. Fiscal year 2018 revenue of $1,020.7 million increased 18.9% year-over-year. […]
Distributors smuggle Rs10mn worth fuel on the day prices hiked
May 17, 2018 (LBO) – Ceylon Petroleum Storage Terminal (CPSTL) has incurred a loss of around 10 million rupees on the day fuel prices hiked.Initial investigation has revealed that 52 bowsers from Kolonnawa and 22 bowsers from Muthurajawela terminal have released fuel using the ‘Same Day System’.As per the accepted practice, same day orders should […]
‘s Telecommunication Ministry signs MoU with Microsoft
May 17, 2018 (LBO) – The Telecommunication, Digital Infrastructure and Foreign Employment Ministry signed a Memorandum of Understanding (MoU) with Microsoft in Sri Lanka to provide effective citizen services. The agreement will take us a step closer to the island’s e-Government Policy and plans for digital transformation being realised, Harin Fernando, minister of Telecommunication, Digital Infrastructure and Foreign […]
LKR depreciation unwarranted; Reserves to reach US$ 11Bn by June 2018 :CB
May 17, 2018 (LBO) – The Central Bank of Sri Lanka says the underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. The rupee closed at 158.20/40 rupees against the US dollar in the spot market Wednesday after hitting a low low of 158.80 rupees earlier in the day. “Gross external […]
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) – thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, Micro-Level and Small Enterprises. In augmenting it’s popular ezBiz Cloud Application suite for SME’s, thinkCube is launching it’s Simplified version of “ezBiz-lite” to the Sri Lankan Market on 17th May 2018. The […]
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) – thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, Micro-Level and Small Enterprises. In augmenting it’s popular ezBiz Cloud Application suite for SME’s, thinkCube is launching it’s Simplified version of “ezBiz-lite” to the Sri Lankan Market on 17th May 2018. The […]
World crude oil prices are lower than they were when I was in power: MR
Increase in fuel prices and economic mismanagement Following the recent increase in fuel prices, transport costs and the prices of goods and services have started rising. Fishermen are up in arms against the sudden increase in the price of kerosene by more than double the earlier price and the creation of a coupon system to […]
Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study
May 16, 2018 (LBO) – Sri Lanka has been classified as a highly vulnerable country to debt distress of China’s Belt and Road Initiative (BRI) in a recent study published by the Center for Global Development.The policy paper has identified 68 countries that fall under the scope of BRI based on reports from Chinese quasi-official […]
Instagram hosts first ever cultural exhibition in Sri Lanka
Instagram today hosted its first ever cultural exhibition in Sri Lanka which was inaugurated by Harin Fernando, MP (Minister of Telecommunications and Digital Infrastructure) and Austin Fernando (President’s Secretary and Chairman – Telecommunications Regulatory Commission of Sri Lanka). Showcasing the vibrancy and cultural diversity of Sri Lanka, the exhibit includes a wide range of images […]
Cabinet nod for new committee to prevent money laundering and terrorism financing
May 16, 2018 (LBO) – Sri Lanka’s cabinet of Ministers has approved to widen the composition of National Coordinating Committee for preventing money laundering and terrorism funding. “Since the number of financial crimes have increased with the expansion of technology, better coordination among Government institutions is essential to face this situation successfully,” a government statement said. […]
‘t accept 6.5-pct fare hike
May 16, 2018 (LBO) – The Lanka Private Bus Owners’ Association (LPBOA) and Inter-Provincial Private Bus Association (IPPBA) said it cannot accept the Cabinet approved bus fare increase and that it would launch an islandwide bus strike from by midnight Wednesday. The two association said that the 6.56 percent bus fare increment was not acceptable and are […]