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Twitter bans attempts to artificially inflate fame of popular hashtags
Feb 23, 2018 (LBO) – Twitter has released an update on the existing rules prohibiting the attempts to artificially inflate the prominence of popular hashtags.A hashtag written with a # symbol is usually used to index keywords or topics on Twitter allowing people to easily follow topics they are interested in. In a blog post, […]
Sri Lanka’s external sector improve, BOP record surplus : CB
Feb 23, 2018 (LBO) – Sri Lanka’s external sector performance continued to improve in the month of December 2017, mainly with higher inflows to the Financial Account of the Balance of Payments (BOP), the Central Bank said in its latest report. . Although earnings from exports increased at a higher rate, the increase in import expenditure resulted […]
Nestlé delivers Rs37.6bn sales in 2017 amidst challenging market conditions
Continues to invest in Sri Lanka with new products and capacity expansion Revenue of Rs. 37.6 billion for the full year 2017 (up 3.1%) Revenue of Rs. 10 billion in Q4 (up 15.6%) Net profit of Rs. 3.6 billion for the full year and Rs. 1.2 billion for the quarter Severe […]
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) – Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka’s life insurance industry for the 14th successive year, with premium income of Rs 15.7 billion. The company posted profit before tax of Rs 6.3 billion reflecting a remarkable70 […]
Sri Lanka up 4 notches to 91 on Corruption index
Feb 23, 2018 (LBO) – Sri Lanka has moved up four places to 91st from 95th, in the Corruption Perceptions Index (CPI) 2017 released by Transparency International with the island failing to show significant improvement. The index ranks 180 countries and territories by their perceived levels of public sector corruption. This year, New Zealand and Denmark rank highest […]
16 top companies come onboard as CA Sri Lanka Training Partners
The training partner portfolio of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received a fresh boost recently with 16 top companies coming on board to provide practical training for Business & Corporate level students of the institute. Accordingly, Ansell Lanka (Pvt) Ltd, Business Promoters & Partners Engineering (Pvt) Ltd, Co-operative Insurance […]
SL High Commissioner to UK concluded contract; not resigned: Foreign Ministry
Feb 22, 2018 (LBO) – Foreign Ministry said the reports being circulated in the media attributed to the Secretary to the Ministry of Foreign Affairs, stating that Sri Lanka’s High Commissioner to the UK, Amari Wijewardene, has resigned, are incorrect.Foreign Ministry releasing a statement said High Commissioner Wijewardene will conclude her contract on her own volition […]
Seylan Bank rewards iPhone X through Facebook competition
As a part of the social and digital media efforts of Seylan Bank, many events and special occasions have been digitalized to provide their customers the best they could offer. Connecting with their fan base Seylan Bank has a variety of activations to get their customers engaged. The iphone competition held in December 2017 attracted […]
Buoyant property market witnessed at the Lanka Property Show 2018
Colombo : The 2018 edition of the Lanka Property Show was concluded successfully, drawing praise from both exhibitors and visitors. The event, which was organised by Sri Lanka’s leading property website LankaPropertyWeb.com, is the largest property show in the country and was held on the 16th and 17th of February at the Kingsbury Hotel. The […]
‘s 3rd phase
Feb 21, 2018 (LBO) – The Government has given the go ahead to award the contract for construction of 3rd phase of Central Expressway to M/S Taisei Corporation of Japan. “Tokyo Mitsubishi Bank of Japan has agreed to provide funds of Japanese Yen 100 billion and it was decided to award the contract to M/S Taisei […]
National Government continues: PM, UPFA General Secretary
Feb 21, 2018 (LBO) – Prime Minister told Parliament Wednesday that the national government will continue according to the constitution of the country. Premier Ranil Wickremesinghe said that the agreement on the national government is still valid as per the law and there is no need to amend it. Wickremesinghe said he is working according […]
Frontier Research outlines salient features of new Forex Act
Feb 21, 2018 (LBO) – Sri Lanka’s new Foreign Exchange Act came into effect last year after the Parliament passed it with amendments. The new law removed criminalisation of violations of the exchange control act and associated prison sentences. New Act covers matters including classes of capital transactions, opening and maintenance of accounts, permitted investments […]