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Buddhist monks find Pakistan different from what int’l media projects
The delegation of Buddhist monks from Sri Lanka Wednesday said they found Pakistani people peace-loving, hospitable and generous which is different from what international media projects. Speaking at the concluding ceremony of ‘Vesak Mela’ celebrations arranged by National History and Literary Heritage (NH&LH) Division, the Buddhist monks said, “The hospitality, love and respect shown by […]
DFCC sells stake in Commercial Bank to subscribe for rights issue
May 25, 2017 (LBO) – Sri Lanka’s DFCC Bank Wednesday sold 1.18 percent of the issued voting shares in Commercial Bank, the bank said in a stock exchange filing. Accordingly, 10 million shares were sold at 138 rupees per share, and the bank has recognized a net capital gain of 915 million rupees. Commercial Bank’s […]
Session 02 Q&| LBR LBO Brand Summit 2017
Session 02 Q&A | LBR LBO Brand Summit 2017
Sri Lanka to reform methods of assigning leadership
May 25, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead for the implementation of reforms to establish a suitable method to assign responsibilities and leadership related to relevant tasks to increase the competition on investment flows to the island. “Making reforms to increase investment flows to Sri Lanka will increase competition on […]
Session 02 Q&A | LBR LBO Brand Summit 2017
Session 02 Q&A | LBR LBO Brand Summit 2017https://youtu.be/FpRHo-jDMIw
Huawei launches GR5 2017 Premium in Sri Lanka
(PRESS RELEASE) – Huawei, the leading smartphone brand in Sri Lanka recently introduced the Huawei GR5 2017 Premiumedition to the Sri Lankan public. The new smartphone series showcases a stylish and value packed exterior along with technologically advanced features and functionality. The device optimizes its offerings in the form of a dual-back, professional level camera […]
Sri Lanka to build 1,040 MW hybrid energy park in Punarin
May 24, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to build an energy park of 1,040 MW of power in Punarin area in line with the government’s policy. Under this proposal, construction of a hybrid energy park consisting of 240 MW of wind power and 800 MW of solar power will be […]
Fitch downgrades Kotagala Plantations to CC (lka) on worsening liquidity
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/05/Kotagala-Plantations-RAC-May-2017.pdf” title=”Kotagala Plantations RAC May 2017″]
”s Bank buys PMF land in Colombo
May 24, 2017 (LBO)- People`s Merchant Finance (PMF) had sold its 108-perch property in Colombo 02 to People’s Bank for 1.04 billion rupees in order to help settle debt. “The funds will be used to strengthen the finance company’s core capital in order to meet minimum capital requirements under the finance companies directive no. 01 […]
‘s Commercial Bank offers e-FDs for foreign currency accounts
May 24, 2017 (LBO) – Sri Lanka’s Commercial Bank’s Online Banking platform has been further enhanced with the introduction of electronic fixed deposits (e-FDs) in both local and foreign currencies. The Bank has announced that e-FDs can now be opened from the Bank’s online portal at www.combank.lk “We are aware that there is a lot […]
Sri Lanka to streamline recruitment process for working in S Korea
The Minister of Foreign Employment of Sri Lanka Thalatha Atukorale discussed cooperation in the employment sector in relation to Sri Lankan workers under the Employment Permit System (EPS) in the Republic of Korea during her meeting with the Korean Minister of Employment and Labour Lee Ki-kweon on Thursday 18 May 2017 in Seoul. Minister Atukorale […]