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One in six Sri Lankans suffers from chronic illness, Diabetes high in services
July 06, 2016 (LBO) – A new survey has found that 18 percent of Sri Lanka’s population, or nearly one in six persons, have reported some chronic illness or an illness that persist for long time periods. This survey has considered diabetes, high blood pressure, heart diseases, stroke, cancer, asthma, mental illness, arthritis, epilepsy and […]
CIO Forum Explores the Future with Robotic Process Automation
The recently concluded CIO Forum held at the Kingsbury saw the country’s top chief innovation officers gather to learn the latest advancements in the field of Robotic Process Automation (RPA) and its applications. As discussed and debated at the forum, these new paradigm shifts in IT automation have widespread disruptive implications for the local market […]
CB Governor’s appointment for 6 year term, Dep Governor clarifies
July 06, 2016 (LBO) – Deputy Governor of Sri Lanka’s Central Bank P Samarasiri clarifying media reports said the tenor of the new Governor is 6 years except under certain instances. Samarasiri said the Monetary Law Act does not provide for interim appointments for a Central Bank Governor, speaking during a media conference on Tuesday. […]
LBO LBR Brand Summit 2016 adds LSEG as partner
The LBO LBR Brand Summit 2016, to be held on July 12, has signed London Stock Exchange Group (LSEG) Business Services Limited Sri Lanka as a partner for this potentially life-changing event that offers both the speakers and content to enable the evolution of the field of marketing locally. With this year’s theme of “Building […]
LAUGFS Car Care launches new hybrid centre in Battaramulla
LAUGFS Car Care, a sub-division of LAUGFS Lubricants, recently announced the launch of a state-of-the-art Hybrid Center at Koswatta, Battaramulla, to cater to the diverse vehicle needs of Hybrid and Electric motor vehicles. “We are extremely pleased to announce the opening of our new Hybrid Center, the latest addition to our network of service centres, […]
No urgent need to adjust Sri Lanka interest rates: CB Governor
July 06, 2016 (LBO) – Sri Lanka’s newly appointed Central Bank Governor Indrajit Coomaraswamy says the monetary authority is closely watching interest rates, and the transmission impact of previous tightening takes 12 to 18 months. “We still haven’t seen the full effects of what has already been done,” he told reporters on Tuesday. “The slight […]
CB Governor awaits COPE outcome; bond market transparency to improve
July 05, 2016 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy told reporters Tuesday that he will look at the outcome of the COPE investigation before taking any action with regard to the alleged bond scam. Meeting reporters in Colombo for the first time after the new appointment, Coomaraswamy said the Central Bank will […]
DIMO to expand Agriculture-related businesses under “DIMO Agri” brand
Diesel and Motor Engineering (DIMO) PLC, one of the leading automobile companies in Sri Lanka, is aiming to expand its presence in the agriculture sector, while creating a new identity as “DIMO Agri” in the industry. DIMO Agri Machinery Division brings world’s best engineered agri-based brands such as Mahindra Tractors, CLAAS Harvesters and has supported […]
CA Sri Lanka unveils innovative executive & postgraduate diploma for executives
In remaining relevant amidst increasing challenges in the corporate world, the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) unveiled it’s newly revamped Executive Diploma in Accounting, Business & Strategy, and the Postgraduate Diploma in Business Finance & Strategy. The two programmes which takes on a progressive learning methodology, […]
Sri Lanka to collaborate with Guangdong Gems and Jade Exchange
Jul 05, 2016 (LBO) – Sri Lanka Gem and Jewellery Association (SLGJA) together with the National Gem and Jewellery Authority signed a Memorandum of Collaboration with the Guangdong Gem and Jade Exchange to develop more trade opportunities. “The agreement signifies a new phase of development between the trades of Sri Lanka and China to explore further mutual-beneficial cooperation […]
Speaker to consult Attorney General, CB Governor over bond report
July 05, 2016 (LBO) – Speaker Karu Jayasuriya has decided to consult Sri Lanka’s Attorney General and new Central Bank Governor over the course of action to take on the Auditor General’s report on Treasury bond auctions. “I’ll look forward to discuss the future course of action over the bond report with them while also […]
Unit Trust Association of Sri Lanka elects new office bearers
Ruwan Perera, Chief Operating Officer of NDB Wealth Management Limited was unanimously elected as the new President of Unit Trust Association of Sri Lanka (UTASL) at its 14th Annual General Meeting recently held in Colombo. Prior to being appointed as President of UTASL, he served as the Secretary of the Association. Ruwan Perera is an […]