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PTL Watch: Yields dip further, Sri Lanka bond activity volatile
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SriLankan Airlines launches new website with new features
SriLankan Airlines unveiled its newly revamped website www.srilankan.com with vastly improved features that are aimed at providing an enhanced customer service experience from the very first moment a person visits the site. SriLankan Airlines’ Chairman, Ajith Dias said, “Our new website with its advanced features is one of several initiatives which we have launched in […]
Prime Minister and delegation in China to enhance bilateral relations
April 07, 2016 (LBO) – Sri Lankan Prime Minister Ranil Wickremesinghe left for an official visit to China on Wednesday, the Foreign Ministry said. This is Wickremesinghe’s first visit as the prime minister to China since the government of President Maithripala Sirisena was formed in January last year. On the April 6-9 visit, he will […]
Shareholders approve Eden Hotel Lanka rights issue
Apr 06, 2016 (LBO) – Shareholders of Eden Hotel Lanka today approved a resolution on a rights issue of the company which aimed at repaying part of its outstanding debts. The leisure sector player Eden Hotel Lanka said the company is to issue 52.8 million new ordinary shares at 20 rupees each in the ratio of […]
‘Lester, Cinema and Sri Lanka’ launched on maestro’s 97th birthday
The ceremonial launch of a book on the life and work of Dr Lester James Peries, the doyen of Sri Lankan cinema was held to celebrate his 97thbirthday. The event was attended by the Prime Minister, Media Minister, relatives, veterans from the film and media industries and well-wishers. ‘Lester, Cinema and Sri Lanka’ is a […]
Location, access to markets key for investors in Sri Lanka: CCC Survey
Apr 06, 2016 (LBO) – Sri Lanka is a unique business destination for foreign investors because of its strategic location and access to both east and west sea routes, a recent survey conducted by the Ceylon Chamber of Commerce found. The survey, conducted among the prospective investors who attended the Ceylon Chamber’s ‘Sri Lanka Investment and Business Conclave 2016’ held […]
S&P and CSE Sector and Industry Group Indices launched
Apr 06, 2016 (LBO) – S&P Dow Jones Indices, one of the world’s leading index providers, and the Colombo Stock Exchange today jointly announced the launch of the S&P/CSE Sector and Industry Group Indices. The comprehensive index series is designed to measure the performance of various sectors and industry groups within the Sri Lankan equity […]
WhatsApp activates encryption, support for old mobiles to end
Apr 06, 2016 (LBO) – Cross-platform messaging client WhatsApp who turned seven years old this week has enabled end-to-end encryption for users of its latest app. End-to-end encrypted messages can only be read by the intended recipients and from now on the encryption is automatically on by default. The idea is simple: when you send […]
‘s PM, first casualty of Panama Papers
Apr 06, 2016 (LBO) – Iceland’s Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday, the first casualty of the leaked Panama papers. The Panama Papers showed that his wife owned an offshore company with claims on Iceland’s banks, which is an undeclared conflict of interest, according to media reports. More than 11.5 million documents, leaked […]
Sri Lanka govt approves compensation for Rathupaswala victims
Apr 06, 2016 (LBO) – President Maithripala Sirisena has given his approval to provide 4.68 million rupees as compensation for 33 victims of Rathupaswala incident, a statement said. The President will present the compensation money to 24 persons, who are fully disabled or partially disabled or who are admitted to hospitals for treatment in the […]
Sri Lanka Parliament converts to Constitutional Assembly, members appointed
Apr 05, 2016 (LBO) – Sri Lanka’s new Parliament converted into a constitutional assembly for the first time today with the aim of enacting a new constitution. The Speaker Karu Jayasuriya is also the Chairman of the new Constitutional Assembly. The resolution presented by Prime Minister Ranil Wickremesinghe to convert parliament into a Constitutional Assembly in January […]
Panama Papers rock financial world, three Sri Lankan companies in list
Apr 05, 2016 (LBO) – A huge leak of documents has rocked the financial world revealing how some among the rich and powerful use tax havens to hide their wealth. With data still being leaked, three Sri Lankan companies are on the list, according to an interactive map making the rounds on social media forwarded […]