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Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy
June 27, 2017 (LBO) – ‘Sri Lanka Economic Summit 2017’ will dig deeper into the island’s trade reform agenda anchored towards new preferential trade pacts, tariff liberalization and export promotion, with the participation of experts representing both local and international trade bodies. A thematic session titled ‘Executing a Smarter Trade Strategy Amidst Turbulence’ will have a […]
Facebook, Microsoft, Twitter, YouTube in forum to counter terrorism
June 27, 2017 (LBO) – Facebook, Microsoft, Twitter and YouTube announced Monday the formation of a ‘Global Internet Forum to Counter Terrorism.’ The companies in a joint statement said the forum “will help us continue to make our hosted consumer services hostile to terrorists and violent extremists.” The forum builds on the EU Internet Forum […]
LAUGFS International launches Fujitsu dry cell batteries in Sri Lanka
LAUGFS International (Pvt) Limited, the authorized agent for Yamaha and Airman power products and Denso automotive parts, has now further expanded its portfolio as the authorized sole distributor for Fujitsu dry cell batteries in Sri Lanka. LAUGFS entered into an agreement with Fujitsu, a world renowned brand for IT innovations, providing Sri Lankan customers with […]
JAT sponsors second Building Specifiers’ Conference 2017
JAT Holdings, Sri Lanka’s award-winning conglomerate was a title sponsor of the highly successful Building Specifiers’ Conference 2nd Edition, which was held recently in Colombo on the 13th June 2017. This second successive endeavor was held within a short span of five months after the pioneering Builder Specifiers’ Conference in January this year, saw a […]
Sampath Bank named Most Innovative Bank at LankaPay Awards
Continuing to win accolades for its spirit of innovation, Sampath Bank was recognized as Sri Lanka’s “Most Innovative Bank” at the LankaPay Technnovation Awards 2017 held on 20th June 2017. The award is yet another testament to the Bank’s contributions to the development of the nation’s financial services industry through its 30 year colourful journey. […]
Eminent economist Dr. Saman Kelegama passes away
June 23, 2017 (LBO) – Dr. Saman Kelegama, the Executive Director of the Institute of Policy Studies of Sri Lanka, has passed away at the age of 58 in Thailand today. The eminent Sri Lankan economist served as a research fellow of IPS prior to being appointed as the Executive Director in 1995. He served […]
Fairway Holdings acquires Multi Finance
Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years and excellent array of financial services a veritable boost to serve its clients even better. Multi Finance has shown much resilience and stability […]
Mahinda meets Pakistan President Mamnoon Hussain
Concluding four day visit to Pakistan, former President Mahinda Rajapakse and representatives of the joint opposition met Pakistan President Mamnoon Hussain at his office on Thursday. Ex-President Rajapakse also met Interior Minister of Pakistan on the same day.
Opinion: Indian Presidential poll no longer a one horse race
By P.K.Balachandran Till Thursday evening, the Indian Presidential election, slated for July 17, seemed to be a one-horse race. A united ruling alliance headed by the Bharatiya Janata Party (BJP) had put up Ram Nath Kovind, a strong candidate, while the fractured Opposition was groping in the dark in search of a credible consensus candidate. […]
Sri Lanka in talks to import rice from three countries
Sri Lanka has opened immediate talks with three countries on 22 June to procure a rice tranche to stabilize its domestic markets. “We are looking for par-boiled (Nadu) and Samba categories now” said the Minister of Industry and Commerce Rishad Bathiudeen on 22 June in Colombo. Minister Bathiudeen, joined by Secretary of Ministry of Industry […]
Qatar Airways eyes investment in American Airlines
June 23, 2017 (LBO) – Qatar Airways, an airline faced with a middle-eastern diplomatic row, is looking at a stake in American Airlines, the airline said in a statement. “Qatar Airways sees a strong investment opportunity in American Airlines,” it said. “Qatar Airways believes in American Airlines’ fundamentals and intends to build a passive position in […]
IB Growth Fund to increase share in Amana Bank through Rights Issue
June 23, 2017 (LBO) – Jeddah-based IDB Group’s IB Growth Fund (Labuan) LLP has acquired 1,000 shares in Amana Bank, Thursday at 3.70 rupees each making way for the company to become a shareholder and participate in a Rights Issue later. The Amana bank has already received a commitment from the Islamic Corporation for the Development […]