Tag: lbo.lk
SLASSCOM elects new chairman, board, and general council for 2018/2019
Jul 09, 2018 (LBO) – SLASSCOM, a representative body that represents growth of the Sri Lankan IT and BPM Industry elected Jeevan Gnanam, chief executive officer/director, Orion City as the organizations Chairman during its Annual General Meeting recently. The members also elected the office bearers for the term 2018/19. Addressing the gathering, Jeevan shared a five-point […]
‘s govt gets USD 50Mn loan from OPEC fund for international development
Jul 09, 2018 (LBO) – Sri Lanka’s government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for International Development (OFID) for implementation of technological education development programme Under current portfolio, OFID provides financing for road and irrigation sectors. The lines and working pattern of our workforce is bound […]
‘s women entrepreneurs finance initiative
Jul 09, 2018 (LBO) – The Asian Development Bank has signed an grant agreement of US 9.5 million dollars for the Women Entrepreneurs Finance Initiative (We – Fi) to support the ongoing Small and Medium Enterprises (SMEs). Financial inclusion for SMEs is important to realize the development objectives of the Government such as promoting exports, […]
Udaya Seneviratne assumes duties as Presidents secretary
Jul 06, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Udaya Seneviratne as his new secretary following the resignation of Austin Fernando. “Mr. Udaya R. Senaviratne assumed duties as Secretary to the President this afternoon (Friday) at the Presidential Secretariat,” the Presidents media unit tweeted. He worked as the Secretary of the Ministry of science […]
Janashakthi and ayubo.life partner to spread the benefits of wellness
Revolutionizing Insurance consumption, Janashakthi Life is partnering with ayubo.life to provide their corporate policyholders with the renowned benefits of wellness. Understanding that preventative measures yield better healthcare results over the long term, Janashakthi Insurance has made this revolutionary service available to their corporate policyholders, ensuring that companies are able to remain competitive in the modern […]
Sri Lanka continues upward trend in tourist arrivals: June up 19.0-pct
Jul 05, 2018 (LBO) – Sri Lanka’s tourist arrivals was up 19.0 percent to 146,828 in June 2018 from an year ago driven by the islands two largest source markets India and China, official data shows. Almost 98 percent of tourists travelled by air to Sri Lanka. As at 31st June 2018, 1,164,647 tourists had visited Sri Lanka […]
‘The Frozen Fire’, first Sri Lankan movie to enter mainstream category at Oscars
Jul 05, 2018 (LBO) – For the first time in the history of Sri Lankan film industry, a movie from the local industry will vie for Oscars 2019. The movie titled ‘The Frozen Fire’, directed by Anuruddha Jayasinghe, is the first Sri Lankan movie to enter in mainstream ‘Best Picture’ category of Oscars 2019, officials […]
JKH hits post war valuation lows as second Balendra era beckons
Jul 04, 2018 (LBO) – The Colombo Stock Exchange has had a tough 2018, and there is no stock where this is more apparent than John Keells Holdings (JKH). JKH has been referred to as Sri Lanka’s bluest of blue chips. To many foreign institutional investors, JKH is the only stock in Sri Lanka that […]
Transparency International calls for four key amendments to National Audit Bill
Jul 04, 2018 (LBO) – Transparency International Sri Lanka (TISL) has released a legislative brief on the National Audit Bill detailing key amendments to be made in committee stage. The brief is being released ahead of a debate on the Bill in Parliament, Thursday. It highlights four key areas of concern with the provisions of the existing […]
Korean concessional loan of USD 14Mn to support garbage collecting in local authorities
Jul 02, 2018 (LBO) – The Government of Republic of Korea has agreed to provide two concessional loans for US 14 million dollars (Approximately Rs.2,240 million) to supply of 190 nos. of garbage collecting compactors to Local Authorities of Sri Lanka. This initiative is in line with the Government’s target of strengthening local authorities with […]
Sri Lanka private sector to facilitate skills supply in tourism sector with launch of TSC
Jul 02, 2018 (LBO) – The Private Sector Tourism Skills Committee (TSC) launched Tourism Workforce Competitiveness Road-map in collaboration with the private tourism industry to take on the challenge of demonstrating to Sri Lanka’s young women and men that a career in the fast-growing tourism and hospitality industry can be safe, stimulating, well-compensated and full […]
Japan gives Yen 265Mn for Sri Lanka human resources development scholarships
Jun 26, 2018 (LBO) – The Government of Japan has agreed to offer a grant assistance of 265 million Yen (approximately 374 million rupees) to provide human resources development scholarships for the Sri Lankan public sector. The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme was introduced in Sri Lanka in 2010 by […]