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Sri Lanka blocks Facebook, Instagram to prevent spread of hate speech
Mar 07, 2018 (LBO) – Sri Lanka has temporarily blocked social media web sites like Facebook, Instagram and WhatsApp to avoid the spread of hate speech in the country.The Cabinet Spokesman Minister Rajitha Senaratne on Wednesday said the government has decided to block access to certain social media. Telecom Regulatory Commission (TRC) has started to […]
UN urges authorities and citizens to ensure rule of law is upheld
Mar 08, 2018 (LBO) – The United Nations in Sri Lanka is concerned about the recent incidents of communal violence and condemns these acts in the strongest possible terms and called on all to uphold rule of law in the island.The United Nations urges authorities to take immediate action against perpetrators and to ensure that […]
How can a business achieve continuous growth and stability?
(PRESS RELEASE) – ezBiz App is an all-in-one solution offered to help small and medium scale businesses achieve growth and stability. thinkCube, which is a SaaS vendor offers ezBiz App as a service for small and medium scale businesses and is proud to announce the fact that ezBiz is currently one of the first SaaS […]
Laugfs Gas restructures to create opportunities for investors and foster growth
Mar 07, 2018 (LBO) – Sri Lanka’s a Laugfs Gas PLC announced a strategic restructuring to consolidate dominance in energy operations and create opportunities for investors to invest in individual businesses and foster concentrated growth opportunities, a senior official said Tuesday. “Once the segregation is completed by 31st March as expected, all different entities will […]
Sri Lanka must make inciting racial violence a non bailable offence: Minister
Mar 06, 2018 (LBO) – Sri Lanka’s Finance and Media Minister Mangala Samaraweera said that inciting racial violence must be made a non bailable offence. “Enough is enough, the minister tweeted, yesterday “Inciting racial violence must be made a non bailable offence and politicians who give leadership to such violence should be deprived of their civic […]
”s senior debt AA-(lka)(EXP)
Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, B/AA-(lka)/Stable) proposed senior debenture issue of up to LKR6 billion an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The debentures, which will have tenors of four and five years and carry fixed coupons, will be listed on the Colombo Stock Exchange. PLC expects to use […]
First Capital fostering bonds with regional clients
First Capital Holdings PLC, further expanded its branch network in an effort to forester stronger bonds with regionally based clients.During the last year First Capital added a new branch in Negombo to its existing network, while also re-locating offices in Kandy, Kurunegala and Matara to state-of-the-art, stand-alone branches providing value-added products and solutions to both […]
Ravi Dadlani to lead CEAT Kelani JV as new Managing Director
CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. PreviouslyVice President Sales, Marketing & Exports at CEAT Kelani, a company he has already served for 11 years, Mr Dadlani succeeds Mr Vijay Gambhire, who returns to CEAT Limited India on completion […]
Central Bank cancels CIFL license; legal action against responsible parties
Mar 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to cancel the licence issued to CIFL under the Finance Business Act with effect from today. Director of the Department of Supervision of Non- Bank Financial Institutions of the Central Bank has also decided to cancel the Certificate of Registration as a […]
Not expecting rise in domestic interest rates: CB
Mar 05, 2018 (LBO) – Sri Lanka’s Central Bank responding to misleading news reports said it is not expecting a rise in domestic interest rates in the period ahead. “Based on its current projections, an increase in market interest rate is not expected in the near term,” the bank said issuing a statement regarding false […]
Techneed makes foray in to Sri Lankan IoT industry
Techneed (Pvt) Ltd., One of Sri Lanka’s growing high-tech IoT start-ups, today announced the deployment of its “Nurve IOT Gateway” in one of the largest Telecommunications Service Provider in Sri Lanka. Essentially the gateway enables the Service Provider to centrally monitor the environment variables in the Machine room, such as Temperature, Humidity, Movements, Water level, […]
The Shape of Water, wins big at 2018 Oscars
Mar 05, 2018 (LBO) – The 90th Academy Awards or the 2018 Oscars came to a close with “The Shape of Water” producers Guillermo del Toro and J. Miles Dale graciously accepting the best picture title. Guillermo del Toro also took home the Oscar for best directing. The shape of water also secured two other […]