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Mastercard joins with Uber to reward Sri Lankan cardholders with free rides
Mastercard and Uber announced their partnership to reward cardholders in Sri Lanka with free Uber rides for payments made using their Mastercard credit cards on the Uber app. New users signing up for the Uber App for the first time will be awarded two free rides (of up to LKR 250 each) when they register […]
Former Defence Secretary Gotabhaya Rajapaksa visits Japan
Former Defence Secretary Gotabhaya Rajapaksa who arrived at Japan’s Narita International Airport yesterday afternoon were welcomed by a group of Sri Lankans in Japan. Gotabhaya Rajapaksa is accompanied by Parliamentarians Rohitha Abeygunawardena, Udaya Gammanpila and Niroshan Premaratne. The group has participated with a ‘Bhodhi Pooja’ and few other events.
Central Bank approves Richard Pieris, Chilaw Finance amalgamation
Dec 14, 2016 (LBO) – Sri Lanka’s Central Bank has granted approval for the amalgamation of Clilaw Finance with Richard Pieris Finance, by taking over all the assets and liabilities of Clilaw Finance. Following the approval granted by the Central Bank on 05th December, the Board of Directors of Richard Pieris Finance has approved the […]
‘s Axiata in USD600mn deal with Khazanah, Japanese firm
Dec 14, 2016 (Reuters) – Malaysian mobile network operator Axiata (AXIA.KL) said that sovereign wealth fund Khazanah Nasional Bhd [KHAZA.UL] and Innovation Network Corp of Japan (INCJ) will take stakes in its telecom infrastructure services unit, edotco, as part of a $600 mln deal. Announcing the plan on Tuesday, Axiata said it would remain the […]
Advanced US maritime patrol aircraft visits Sri Lanka
The “Red Lancers” of Patrol Squadron TEN (VP-10) departed Sri Lanka on Sunday, December 11, aboard a P-8A Poseidon aircraft from Mattala Rajapaksa International Airport in Hambantota. The Poseidon arrived in Colombo on December 4, where its sailors met with Sri Lanka military personnel to demonstrate the capabilities of the P-8A and exchanged expert advice. […]
CSE shines at the ‘Great HR Quiz 2016’ organized by IPM
(PRESS RELEASE) – Two teams representing the Colombo Stock Exchange (CSE) were placed as the winner and the runner up under the ‘Special Category’ at the ‘Great HR Quiz’ organized by the Institute of Personnel Management (IPM). 2016 marks the second occasion a team representing the CSE has excelled in the competition following a win […]
Uber completes one year in Colombo,Sri Lanka
Dec 14, 2016 (LBO) – Uber, the on-demand technology company has completed a year of operations in Colombo and are looking to hire more people to join their team as they expand operations in Sri Lanka. “When we launched Uber in Sri Lanka back in 2015, it was an exciting alternative to get around the city. […]
ADB Maintains Stable Outlook for Asia Despite Global Uncertainties
Dec 14, 2016 (LBO) – Economic growth in developing Asia remains broadly stable, but a slight slowdown in India has trimmed the region’s growth outlook for 2016, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook 2016 Update report, ADB has downgraded 2016 growth to 5.6 percent, below […]
“No privatization or sell off of public assets” Ravi
Dec 12, 2016 (LBO) – The government will not privatize or sell off any of the public asset and there were no provisions made under the Budget-2017 to this effect, the Finance Minister said. “The Budget-2017 has made provision to convert the country into a manufacturing economy by converting the foreign debt into equity thereby reducing […]