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Sri Lanka Commercial Bank to raise Tier 1 capital with rights issue
Mar 07, 2017 (LBO) – Sri Lanka’s Commercial Bank has decided to raise 10 billion rupees through a rights issue of voting and non voting shares, the company said in a stock exchange filing. Subject to stock exchange and shareholder approval, the bank is to issue 84,515,987 ordinary voting shares at 113. 60 rupees each […]
‘s DFCC Bank receives ISO 27001:2013 certification
DFCC Bank was recently awarded the ISO 27001:2013 certification in recognition of implementing the best practices in legal, physical and technical control for information security management. The certificate was awarded to Palitha Gamage, Chief Risk Officer – DFCC Bank by Shan Nanayakkara, General Manager – Bureau Veritas Sri Lanka, at the awarding ceremony held at […]
New Zealand business delegation in Sri Lanka to strengthen links
A business delegation of fourteen New Zealand companies arrived in Sri Lanka on 6 March to further strengthen business links between the two countries. Sri Lanka is New Zealand’s 23rd largest goods export market and is worth NZD$254million. New Zealand is Sri Lanka’s 54th largest goods export market worth NZD$55million. New Zealand’s top exports to […]
President inaugurates 4th SAARC Public Procurement Conference
(PRESS RELEASE) – The Fourth South Asia Region Public Procurement Conference commenced under the patronage of President Maithripala Sirisena in Colombo, Monday. The Conference will continue until February 23 in Colombo and Kandy. The Conference is an annual learning, knowledge and experience sharing, and networking event for the Heads of Public Procurement Agency or Authority […]
USNS Fall River to arrive Hambantota Port for goodwill mission
The Embassy of the United States of America welcomes the U.S. Pacific Fleet and its transport ship USNS Fall River for the first-ever Pacific Partnership goodwill mission to Sri Lanka March 6-18. Working side-by-side with the Sri Lanka Navy and local organizations in the Hambantota region, this multinational effort includes free community health clinics; school […]
Sri Lanka Foreign Minister takes part in IORA Ministers Meeting
Minister of Foreign Affairs, Mangala Samaraweera is attending the Ministerial Meeting of the 20th Anniversary of the Indian Ocean Rim Association (IORA) taking place today, on 06th March 2017, in Jakarta, Indonesia. The meeting is being held on the theme of “Strengthening maritime cooperation for a peaceful, stable and a prosperous Indian ocean region”. Speaking […]
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) – Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government integrity and judicial freedom contributing towards the slip, a new report showed. The US-based Heritage Foundation, in their annual Index of Economic Freedom, said that economic […]
‘s public sector expanded 39-pct during past decade
Feb 21, 2017 (LBO) – Sri Lanka’s public sector, excluding the semi government sector and three forces, expanded 39 percent in the last ten years, a census conducted by the statistics office showed. Preliminary results of the census show that by last year Sri Lanka’s public sector alone had a workforce of 874,395 which is […]
Easy solution for paying parking fees with new App
As the population of Colombo increases daily, the congestion on the roads is on a rise. With this, there’s a lingering need for an effective vehicle parking management system. Tenaga Car Parks, the pioneer in providing parking and traffic management solutions in Sri Lanka presents to you the ultimate solution with the launch of their […]
Sri Lanka may stop hydro power generation by end April
Feb 20, 2017 (LBO) – Sri Lanka will have to stop hydro power generation by the end of April if the prevailing dry weather condition continues, the power minister said. Power Minister Ranjith Siyambalapitiya participating in Kegalle Development Committee meeting today stated that priority has to be given to save water for drinking and not […]
Sri Lanka Central Bank launches data library for public use
Feb 21, 2017 (LBO) – The Central Bank of Sri Lanka (CBSL) has launched a data library for the general public to use via the CBSL external website. “Data Library of CBSL is a comprehensive database consisting of time series data on a variety of topics spanning Real, Monetary, Fiscal, External and Financial sectors,” a […]