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JO MP Balasuriya critical of active liability management bill
April 02, 2018 (LBO) – In a recent speech in Parliament, JO MP Tharaka Balasuriya highlighted some problematic technicalities in the Active Liability Management Bill. The bill has encountered some controversy, with the Supreme Court finally having to weigh in through a verdict confirming that the bill is in fact constitutional. Balasuriya highlighted that this […]
US–China trade war escalates as China imposes tariffs on US goods
Apr 02, 2018 (LBO) – China has suspended tariff concessions on 128 items of U.S. products including pork and fruits starting Monday, Country’s Finance Ministry said. China’s Finance Ministry said in a statement that the measure was taken in order to safeguard China’s interests and balance the losses caused by the United States. “China’s advocacy […]
Sri Lanka post ushers money orders into the digital age with Sampath Bank
Apr 02, 2018 (LBO) – Sri Lanka’s Department of Post with Sampath Bank unveiled e-Pay Mobile Cash, a service that leverages the wide spread network of post offices, sub-post offices and Sampath Bank ATMs around the island to enable real time money transfers in a secure and convenient manner.“With 4,610 post offices and sub-post offices […]
Invest more in people, or risk extinction: Oracle’s Dalal tells SLASSCOM Summit
Apr 02, 2018 (LBO) – No matter how successful companies are today, they may risk extinction if they fail to invest in their employees and won’t transform with changing times, Head of HCM Cloud Applications (Asia Pacific) at Oracle Corporation, Yazad Dalal recently warned companies and business leaders. He advised companies to invest in the […]
Digital Innovation Fund selects first phase of investments into startups
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has selected new media platform, Roar, insurance broker, InsureMe and integrated healthcare platform MyDoctor.lk as its first phase of investments. The Digital Innovation Fund managed by BOV Capital, marks a definitive shift to foster startups and build further on the business capabilities of digital technology and talent […]
Reauthorized US GSP active for Sri Lanka from April 22
Mar 30, 2018 (LBO) – The reauthorized US GSP shall become active for Lankan exporters from this April, according to Sri Lanka’s Minister of Industry and Commerce.US has been the leading buyer of Lankan exports over the years and it continued its lead even last year. Sri Lankan exports to United States is now almost […]
Central Bank to continue exchange of altered currency notes
Mar 30, 2018 (LBO) – Central Bank has decided to continue the service of exchange of willfully mutilated, altered and defaced currency notes from CBSL until further notice.The decision has been made considering the difficulties faced by the general public in exchanging willfully defaced currency notes after 31 March, 2018.After 31 March, general public can […]
Sri Lanka records 4-pct unemployment rate in 4Q 2017
The Department of Census and Statistics (DCS) Sri Lanka has released the results of the Sri Lanka labour force survey for the fourth quarter of 2017 (October, November, December).Labour Force Survey (LFS) is designed to measure the levels and trends of employment, unemployment and labour force in Sri Lanka. This survey has been conducted quarterly, […]
Coca-Cola CEO meets Prime Minister in Sri Lanka
Mar 29, 2018 (LBO) – President and CEO of Coca-Cola, James Quincey has met with Prime Minister Ranil Wickremesinghe during his maiden visit to Sri Lanka.Affirming the company’s commitment to Sri Lanka, the company and its bottling partner has committed to contribute 50 million dollars into the ecosystem of the country over the next 5 […]
‘s Basel III sub-debt issue final A-(lka)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) Sri Lanka rupee-denominated proposed Basel III-compliant subordinated unsecured debentures a final National Long-Term Rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 16 October 2017 and follows the receipt of documents conforming to information already received. The debentures, totalling […]
World leader in car production opens new door for Sri Lanka rubber, tyres
Sri Lanka’s rubber sector received a major opening from world’s leader in car production on 28 March. Slovakia, world’s leader in car production has called for using Sri Lankan rubber –specially rubber tyres -in its record setting car manufacturing industry. “We want to diversify our rubber intake and to this end want to expand the […]
Oral health is much more than just a nice smile
(PRESS RELEASE) – World Oral Health Day (WOHD) is celebrated every year on 20thof March. It is an international day to celebrate the benefits of a healthy mouth and to promote worldwide awareness of the issues around oral health and the importance of oral hygiene tomaintain general health and well-being. Under the theme of “Say […]