Tag: lbo.lk
Bulgarian President seeks increased bilateral trade and tourism flows with Sri Lanka
Ambassador Dhammika Kumari Semasinghe presented Letters of Credence concurrently accrediting her as Sri Lanka’s Ambassador Extraordinary and Plenipotentiary to the Republic of Bulgaria with residence in Warsaw, Poland, to President Rumen Radev of Bulgaria, at the Presidential Palace in Sofia on 22 November 2023. The formal presentation ceremony was followed by a meeting between Sri […]
DeepSphere.AI and 10QBIT announce partnership to promote Sri Lanka as AI innovation and talent hub
DeepSphere.AI, led by the esteemed AI expert Jothi Periasamy, and 10QBIT under the leadership of UK-based technopreneur Sanj Chandran, have announced a monumental partnership. Facilitated by the innovation ecosystem AQCELLOR, this alliance aims to position Sri Lanka as a leading hub for AI, R&D, and innovation. Sanj Chandran, Founder and CEO of 10QBIT, shares his […]
Amana Bank marks successful Rights Issue with ceremonial CSE market opening
Having carried out a successful Rights Issue with the objective of meeting the enhanced regulatory minimum capital, Amana Bank recently listed its Rights Issue shares on the Colombo Stock Exchange (CSE) which was marked by the ceremonial bell ringing to commence market trading. The occasion was graced by Amana Bank’s Chairman Asgi Akbarally, Managing Director/CEO […]
Quick chat with celebrity Chef Gary Mehigan
The renowned Celebrity Chef and former judge of MasterChef Australia, Gary Mehigan, engaged in a brief online discussion ahead of his highly anticipated trip to Sri Lanka at the end of the month. The culinary maestro is set to captivate Sri Lanka during a three-day culinary extravaganza, in partnership with Cinnamon Hotels & Resorts. From […]
Advocata Institute raises concerns over enforcing minimum room rates for hotels in Colombo
The Advocata Institute raised concerns about the policy by Sri Lankan authorities to enforce minimum room rates for hotels in Colombo starting from October 1st, 2023. The gazetted rates are USD 100 for 5-star hotels, USD 75 for 4-star hotels, USD 50 for 3-star hotels, USD 35 for 2- star hotels, and USD 20 for […]
Steering senior public sector officials towards innovative thinking
Recognizing the indispensable role of a robust public sector in achieving Sri Lanka’s development objectives, Citra -Sri Lanka’s pioneering Social Innovation Lab established as a joint initiative between Prime Minister’s Office and UNDP Sri Lanka – held the Citra Fellowship on Public Service Excellence, a unique experiential learning programme tailored to fortify and invigorate the nation’s […]
Cinnamon Hotels & Resorts on culinary extravaganza with Gary Mehigan in partnership with SriLankan
Cinnamon Hotels & Resorts is delighted to announce an exciting collaboration with the National Carrier, SriLankan Airlines, as the powered by partner for an upcoming series of exclusive events featuring the renowned British-Australian Michelin Star celebrity chef and former original judge of MasterChef Australia, Gary Mehigan. The culinary extravaganza is scheduled to take place from […]
Sri Lanka launches Nationally Determined Contributions (NDC) implementation plan
From record-breaking temperatures to increasing extreme weather events, in 2022 alone Asia recorded 81 weather, climate and water-related disasters which directly affected more than 50 million people, costing USD 36 billion in economic damages according to the World Meteorological Organisation’s State of the Climate in Asia report. The global landscape is changing dramatically with the […]
Design Code: Showcase of creativity, innovation, and collaboration
The University of Moratuwa unveiled their annual design showcase, “Design Code,” scheduled to take place from November 23rd to 26th. The Design Code, a four-day event is organized by the Department of Integrated Design, Faculty of Architecture, University of Moratuwa. During a recent press briefing, industry experts who participated, highlighted the crucial role of design […]
Siddhalepa honors Asian Games gold medalist Tharushi
Siddhalepa, a respected name in natural healthcare, took the opportunity to honor and appreciate the outstanding achievements of Tharushi Karunarathna, the young Sri Lankan track and field athlete who made history with her remarkable performance at the 19th Asian Games in Hangzhou, China last month. Tharushi, with her determination and prowess, secured a gold medal, competing […]
Comm Bank Group’s 9-month gross income up 30.88-pct to Rs 256 Bn
A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023 at a monthly average of Rs 17.135 billion, growing its loan book by 4.33% over three months to Rs 1.239 trillion and reversing the trend of the first half […]
Opinion: Price controls are not the way to bring down price of chicken
By Pravena Yogendra, a contributor to the Advocata Institute Most HoReCa channels in Sri Lanka sell a packet of chicken rice and curry at a higher price than a comparative packet of fish rice and curry. The price of a portion of chicken rice and curry is ~30% more than that of a portion of […]