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Sri Lanka’s new Cabinet of Ministers sworn in
May 01, 2018 (LBO) – Sri Lanka’s new Cabinet of Ministers was sworn in before President Maithripala Sirisena at the Presidential Secretariat today.Following are the Ministers and their portfolios: Lakshman Kiriella – Minister of Public Enterprise and Kandy Development Sarath Amunugama – Minister of Science, Technology and Research, Skills Development and Vocational Training, and Hill […]
‘s telco merger to relieve competitive pressure: Fitch
May 01, 2018 (LBO) – The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive pressures that have undermined Sri Lankan telecom companies’ revenue and EBITDA growth in recent years, Fitch Ratings said.. However, the merger is unlikely to affect the ratings on market leaders Sri […]
Jude Fernando to head Janashakthi
May 01, 2018 (LBO) – Sri Lanka’s Janashakthi Insurance PLC announced the appointment of Jude Fernando as the company’s Director / Chief Executive Officer with effect from 1st May 2018. Having divested its General Insurance business earlier this year, Janashakthi has focused its efforts on the country’s underpenetrated Life Insurance segment.With Jude at the helm, […]
DFCC group profits drop in Q1 2018
May 01, 2018 (LBO) – Sri Lanka’s DFCC Group recorded a profit before tax of 1,545 million rupees and profit after tax of 1,110 million rupees as compared to 1,647 million rupees and 1,301 million rupees respectively in the comparative period in 2017. BANK RESULTS Income Statement The Bank reported a profit before tax of […]
Opinion: Mitigating the impact of busy lifestyle on your nutritional health
Interview on Food Safetyand Nutrition with Dr. Krishanthi Premarathne. The great majority of people will experience a food borne disease at some point in their lives. This highlights the importance of making sure the food we eat is not contaminated with potentially harmful bacteria, parasites, viruses, toxins and chemicals. Food can be contaminated at any […]
Netherlands Embassy hosts floriculture event at National Day celebrations
the Embassy of the Kingdom of Netherlands perfumed Trace Expert City with the scent of flowers, as it held a series of events to celebrate the floriculture industries of Sri Lanka and the Netherlands. The programme consisted of a floral arrangement competition, exhibition and a training workshop with floriculture experts from the Dutch agricultural vocational […]
Pan Asia Bank posts Rs 498 mn PBT in 1Q
(PRESS RELEASE) – Pan Asia Banking Corporation PLC reported Rs 498 million in profit before tax for the quarter ended in March 31, 2018 (1Q’18) powered by a steady growth in new loans and improvement in overall margins which was resulted by prudent asset – liability pricing amidst rising market interest rates. This enabled the bank […]
Softlogic introduces the next generation data centre
Educates on upcoming new technologies of world’s largest data center infrastructure supplier Softlogic Information Technologies Pvt Ltd, one of the country’s leading software and hardware solutions providers and a subsidiary of Softlogic Holdings PLC, conducted the latest in a series of events titled “The Future Enterprise” for its corporate customers at The Galadari Hotel […]
Lord Buddha’s Sacred Relics from Pakistan arrived in Sri Lanka
In order to present the richest Buddhist historical legacy to the Sri Lankan people, Pakistan has sent the most sacred relics of the Lord Buddha to Sri Lanka on April 28, 2018 for exposition in connection with the Annual Buddha Rashmi National Vesak Festival.Sri Lankan Minister for Buddha Sasana, Hon.Gamini Jayawickrema Perera along with Parliamentarians, […]
Inaugural talks under SL-AUS Trade & Investment Framework Agreement
Inaugural talks under the Trade and Investment Framework Agreement (TIFA) between Sri Lanka and Australia were held on 19 April in Canberra at the Department of Foreign Affairs and Trade. This was the first bilateral discussion taking place after the TIFA was signed in Colombo on 2 November 2017, during the visit of Australian Prime […]
China Harbour Engineering to construct 7-star Achilleion project
Apr 27, 2018 (LBO) – Sri Lankan real estate player Blue Mountain has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its Seven Star Luxury Project. Press release issued by Blue Mountain Apartments is reproduced below. In a historic move, Sri Lanka’s real estate major, Blue Mountain, has signed an agreement with […]
Opinion: Towards a Common Future: a revitalised & relevant Commonwealth
By James Dauris – British High Commissioner to Sri Lanka The recent Commonwealth Heads of Government Meeting in London brought together leaders representing the interests of 2.4 billion people, nearly one third of the world’s population. Sri Lanka is no stranger to CHOGM. It hosted the meeting in 2013 and President Sirisena led the delegation to […]