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Sri Lanka on new journey of governance: Chief Justice
Aug 15, 2016 (LBO) – Sri Lanka has bounced back over the last year and now embarks upon a journey of good governance which promotes transparency in judicial governance, island nation’s Chief Justice said. Chief Justice K Sripavan, delivering remarks at the inaugural session of the 29th Lawasia conference, said the way forward for the […]
LSE business division to open HQ in Sri Lanka soon
Aug 15, 2016 (LBO) – London Stock Exchange Group’s Business Services division (LSEG BSL) will soon open its new headquarters in the historic Expert City precinct, formerly known as Tripoli Market, in Colombo. The new Business Services division in Sri Lanka will provide support to the group’s operating entities across the globe, the group said in […]
Sri Lanka to Host Asia Hotel and Tourism Investment Conference
Aug 15, 2016 (LBO) – Sri Lanka, one of the top two emerging hotel and resort markets in Asia, is to host the first Asia Hotel and Tourism Investment Conference (AHTIC), a top-level gathering of international investors, business leaders, government ministers and officials. President Maithripala Sirisena is supporting the conference as its patron. The AHTIC […]
Auxenta wins the Best Startup of the Year award
(PRESS RELEASE) – We are delighted to announce that Auxenta has been awarded the “Best Startup of the Year 2016” by CSSL – Computer Society of Sri Lanka. This award is a testament to the company’s stellar performance since its launch in 2014 in Silicon Valley. Within a short time-span of 2.5 years, Auxenta made […]
Opinion: Education – what is the objective?
By Ranjit Hulugalle Each day we have numerous articles on what is wrong with the education system, arguing that children must be taught how to think, not what to think. Frankly this has been the broken record for 70 years since the Kannangara education reforms, making education accessible to all. We simply have not corrected […]
Virtusa Announces First Quarter 2017 Consolidated Financial Results
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, reported consolidated financial results for the first quarter fiscal 2017, ended June 30, 2016. First Quarter Fiscal 2017 Consolidated Financial Results Revenue for the first quarter […]
Norwegian research vessel to assess Sri Lankan marine stocks in 2017
Aug 15, 2016 (LBO) – Norwegian funded research vessel is to visit Sri Lankan waters next year to carry out a marine stock assessment, Norwegian Prime Minister Erna Solberg said. This would be the first time an in-depth research on fish stocks and a marine survey covering the entire sea of the country conducted in […]
Sri Lanka sovereign yield falls to 5.57 pct, strong foreign interest
Aug 15, 2016 (LBO) – Sri Lanka’s 10-year sovereign bond yield dropped to 5.57 percent on Monday from initial coupon of 6.825 percent indicating strong demand from international investors for emerging market bonds. The 5-year sovereign issue has similarly fallen to 4.75 percent from 5.75 percent, with ICBC Standard Bank and Mashreq Bank of Qater […]
Usain Bolt completes amazing 100m treble in Rio
RIO DE JANEIRO, Aug 15 (Reuters) – For 9.81 glorious seconds on Sunday, all the ills that have dogged athletics recently were forgotten as Usain Bolt stormed to victory in the 100 metres final to become the first man to win three successive Olympic titles on the track. The Jamaican superstar trailed arch-rival Justin Gatlin, […]
Indian officials to visit in two weeks for ETCA talks
Aug 15, 2016 (LBO) – A delegation from India is due to arrive in Sri Lanka within the next few weeks for discussions on the proposed Economic and Technology Co-operation Agreement (ETCA). The Deputy High Commissioner for India to Sri Lanka Arindam Bagchi said this at the Sri Lanka PLAST 2016 Expo held at the […]
Sri Lanka blocks sale of freehold land in USD1.4 bln Chinese deal
Aug 15, 2016 (LBO) – Sri Lanka’s government on Friday agreed a new version of its $1.4 billion real estate agreement with China after changing the terms and blocking the outright sale of land – part of a project covering a square mile right next to the capital’s port, Reuters reported. Since coming to power […]
Sri Lanka partners Eurasian Union’s largest Expo
Sri Lanka has agreed to partner with one of the largest export exhibitions in the Eurasian Economic Union (EEU) region on 12 August. As a result, almost five million visitors attending the largest global export exhibition in the EEU region will be sampling the Lankan export portfolio for a three month long period in Astana. […]