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‘s Foreign Minister takes part in IORA
(PRESS RELEASE) – Minister of Foreign Affairs, Hon. Mangala Samaraweera attended the Ministerial Meeting of the 20th Anniversary of the Indian Ocean Rim Association (IORA) 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 at the discussion on the future […]
Opinion: Commonwealth roundtable to kickoff ambitious ‘Agenda for Growth’
By Patricia Scotland, Commonwealth Secretary-General This week, Commonwealth Trade and Investment ministers will meet for the first time in London at Marlborough House, the Commonwealth’s headquarters. The two-day meeting, jointly organised with the Commonwealth Enterprise and Investment Council, will kick-start an ambitious ‘Agenda for Growth’ across the Commonwealth’s 52 member countries. Our challenge is to […]
Top innovation leaders of JKH, MAS, Hemas & CodeGen to speak at CCC event
The leaders driving innovation in Sri Lanka’s top firms will share expert insights and practical lessons at the upcoming ‘Future of Business’ Innovation Strategy and Learning Event organized by the Ceylon Chamber of Commerce, and will spell out the key ingredients needed in building in-house innovation teams. Mr. Nathan Sivagananathan, Chief Growth Officer of MAS […]
Toronto begins to rival Silicon Valley for tech startups
Mar 07, 2017 (LBO) – Toronto’s startup community has begun to rival Silicon Valley and offers more advantages to new companies. One reason is that the 2,100 and 4,100 tech start-ups in Toronto’s ecosystem don’t have to compete for engineers with Google and Facebook. “To compete in that environment for the best talent would be […]
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 […]