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Hans Wijayasuriya wins outstanding Asia mobile contribution award
July 01, 2016 (LBO) – Hans Wijayasuriya, group CEO of Axiata Dialog and the regional CEO for South Asia, Axiata Group, has won the Outstanding Contribution to the Asian Mobile Industry Award given by GSMA. “The award recognises sustained or extraordinary contributions by individuals, organisations or collaborative achievements that advance the value and benefits of […]
CICT launches country’s first mobile app to track movement of containers
A new level of convenience and sophistication has been introduced to keeping track of containerised cargo by Colombo International Container Terminals (CICT) with the launch of a mobile app for the purpose. A first for Sri Lanka’s port industry, CICT’s ‘eZPort’ app for smartphone users can be downloaded free from the App Store or Android […]
Sri Lankan rupee 1-wk forwards rise on bank dollar sales; stocks up
June 30 (Reuters) – Sri Lankan rupee one-week forwards rose on Thursday as a state-run bank sold dollars after the central bank intervened to lift the rupee, while dollar selling by a few exporters also helped the currency gain, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, […]
World Bank approves USD125mn credit to modernize Sri Lanka agriculture
June 30, 2016 (LBO) – The World Bank has approved a 125 million US dollars credit from the International Development Association to assist Sri Lanka in modernizing its agriculture sector. The project will be implemented through the Ministry of Primary Industries, the Ministry of Agriculture, and five participating provinces, including the Northern, Eastern, Central, North-Central […]
‘s new counter-terrorism legislation being finalized: Foreign Minister
June 30, 2016 (LBO) – Sri Lanka is finalizing the first draft of the new counter-terrorism legislation that will replace the Prevention of Terrorism Act, Foreign Minister Mangala Samaraweera said. Addressing the 32nd Session of the UN Human Rights Council in Geneva yesterday Samaraweera said technical assistance for this purpose has been sought from the […]
‘s social security programs to be networked: Cabinet
June 30, 2016 (LBO) – Sri Lanka’s Cabinet has approved the Social Security Network Project to connect all social security programs, so that suitable persons have access to social security in a transparent manner. “There is no method of identifying whether the benefits of social security programs are being directed to the suitable communities,” a […]
Cabinet approves emergency response centre for new ambulance service
June 29, 2016 (LBO) – The cabinet of ministers has approved a proposal to set up an emergency response centre with 1990 toll free number for the earlier proposed pre- hospital care ambulance service. Earlier this year, the Health Ministry with the participation of GVK EMRI institute in India proposed to establish a pre- hospital […]
FTSE recovers Brexit losses, Brent crude down 1.2-pct
June 30 (LBO) – Asia stocks rose across the board on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen stopped rising as global markets bet Brexit won’t get implemented immediately. Michael Hewson, chief market analyst at CMC Markets, said investors had been reassured by hopes that Britain’s EU exit wouldn’t […]
AG’s report to Speaker, COPE summons Central Bank officials on July 7
June 29, 2016 (LBO) – The Committee on Public Enterprises (COPE) has summoned Central Bank Governor, officials of the Monetary Board and Finance Ministry on July 7 to discuss about the Auditor General’s report. Auditor General today submitted a 1,251 page full report to the Speaker while a short report without sensitive information has been […]
Cabinet approves construction of LRT after JICA feasibility study
June 29, 2016 (LBO) – The cabinet nod has been given to obtain JICA assistance to conduct a feasibility study and immediately commence the construction of light rail transit system in the western region of Sri Lanka. The proposed system will be put up along the Colombo Fort – Kollupitiya – Bambalapitiya – Union Place […]
Tillak Wickramasinghe elected as President of IATA Agents Association
Tillak Wickramasinghe, the Proprietor of Skyways was elected as the President of the IATA Agents Association of Sri Lanka (IATA – AASL). He was elected for the post, during the 28th Annual General Meeting of the IATA Agents Association of Sri Lanka (IATA-AASL), which was held on 26th May, 2016 in Nairobi, Kenya. Apart from, […]
PTL Watch: Yields tick higher on profit taking
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