Category:
UBER launches new rider app
(PRESS RELEASE) – Colombo, November 2, 2016: Uber, the ridesharing app, today announced the launch of its new rider app, rebuilt completely from the ground up for the first time, since the last redesign in 2012. Re-engineered keeping in mind the changing needs of riders around the world, the new rider app aims to recapture […]
Asian shares slip, dollar nurses losses as US election looms
TOKYO, Nov 4 (Reuters) – Asian shares slipped on Friday and the dollar nursed losses in a week marked by growing uncertainty about the outcome of the U.S. presidential election. Investors have been unnerved in recent days by signs that the U.S. presidential race between Democrat Hillary Clinton and Republican Donald Trump was tightening just […]
Japan confers prestigious decoration on Speaker Karu Jayasuriya
On 3rd November 2016, the Government of Japan announced the conferment of “The Grand Cordon of the Order of the Rising Sun” upon Hon. Karu Jayasuriya, Speaker of the Parliament of Sri Lanka, as recognition for his significant contribution in promoting bilateral relations between Japan and Sri Lanka. A congratulatory message was sent by Mr. […]
Sri Lanka’s veteran musician Pandit Amaradewa no more
Veteran singer and musician Pandith W. D. Amaradewa, who was admitted to the Sri Jayawardanapura Hospital this morning following a heart attack has passed away at the age of 88. He was being treated at the Intensive Care Unit of the Sri Jayawardenapura Hospital. Wannakuwatta Waduge Don Albert Perera better known by his adopted name […]
Sri Lankan rupee falls on importer dollar demand; stocks firm
Nov 03, 2016 (Reuters) – The Sri Lankan rupee traded lower on Thursday on dollar demand from importers and as foreign investors sold government securities, dealers said, with the market shrugging off comments by the central bank chief on the stability of the currency. Central Bank of Sri Lanka Governor Indrajit Coomaraswamy said late on […]
Sri Lanka awards USD58mn railway tender to only bidder
Nov 03, 2016 (LBO) – Sri Lanka’s cabinet nod has been given to award a tender to the only bidder who submitted a bid to supply six Diesel Multiple Units for the island’s railway system under an Indian credit line. A diesel multiple unit is a multiple-unit train powered by on-board diesel engines and it […]
Import and export trade – Are bogus surcharges resurfacing?
It is evident by the recent press articles that, some elements are trying to influence the authorities to reintroduce TCH and other surcharges, which will render the Import /Export trade very uncompetitive. Back in time, It was the EASL, which was led by the late Mr. Lyn Fernando, the then Chairman who boldly took up […]
NDB enhances security & convenience to Sri Lankans sending money home
National Development Bank PLC (NDB) today announced its partnership with HomeSend, a joint venture between Mastercard, eServGlobal and BICS, to offer greater security and convenience to millions of Sri Lankans sending money home from abroad. Connecting NDB’s state-of-the-art e-Remittance service to the HomeSend Hub, this agreement will allow consumers to credit funds directly to a […]
‘s for multi-modal transport hub
Nov 03, 2016 (LBO) – Sri Lanka’s cabinet of ministers has approved for the Megapolis and Western Development Ministry to call for expressions of interest to build a multi-modal transport hub starting from Fort, a statement said. “Urban Development Authority would be authorised to acquire lands in phases for a multi modal transport hub from […]
Sri Lanka to establish independent agency for tenders
Nov 03, 2016 (LBO) – Sri Lanka’s cabinet has given the nod to streamline the process and transparency on all state tenders by establishing an independent centralised procurement institution, a statement said. “The new Independent Centralized Procurement Agency is to comprise five members including the following holders of office, representing women and major ethnic groups […]