Tag: lbo.lk
Interview : A closer look at Bancassurance with Vindya Cooray
Bancassurance is a relatively novel concept in the financial services industry of Sri Lanka. It enables consumers to fulfill both financial needs and insurance needs under one roof through their preferred banking partner. In an exclusive interview with Lanka Business Online, Vindya Cooray, the Chief Bancassurance Officer of Union Assurance PLC, explained the concept and […]
Sri Lanka’s Wire communication consultancy group expands globally
Wire Communication Consultancy (WCC) Group announced its accelerated growth momentum with the expansion of its Strategic Public Relations, Communications and Corporate Reputation Management services to Maldives, Australia and New Zealand, setting up operations in the Asia-Pacific region. The entry into a global communication footprint would further solidify WCC’s presence and fortify its contribution to the […]
Sri Lankan import restrictions at odds with WTO rules hurt welfare of citizens: Economists
A panel of eminent economists urged that the Government take credible and decisive action to carry out immediate trade reforms. Advocata’s Academic Chair Dr. Sarath Rajapatirana, emphasised that “Countries that have grown very fast, especially in east asia have understood the importance of trade reform”. Further adding that the first step of such a reform […]
Sri Lanka needs new water and sanitation policies to unlock investment barriers
Comprehensive policies will improve community access, increase focus on sanitation and investment A new policy could tackle urbanisation challenges for inclusive and sustainable water and sanitation management It can also open new investment approaches to bridge the large financing gaps as the country prepares to rise above the impact of COVID-19 Meeting Sri Lanka’s rapidly […]
Interview: Local and International wins for architect Palinda Kannagara
Palinda Kannagara is one of the top Sri Lankan architects based in Columbo who has recently been honored both locally and internationally for his work. He is principal architect at Palinda Kannangara Architects, Columbo, Sri Lanka. Lanka Business Online had a detailed conversation with the acclaimed architect about the recent honors received and his design […]
Sri Lanka extends quarantine curfew until 4 am on September 6
It has been decided to extend the quarantine curfew which is in force until 4 am on September 6. The decision was taken at the meeting of Special Committee on COVID-19 Control held at the Presidential Secretariat this morning (27). The progress of the vaccination drive was reviewed at length during the meeting. The President […]
Opinion: Avoiding IMF won’t help us avoid austerity
Naqiya Shiraz and Rehana Thowfeek Sri Lanka’s debt problems are a topic of national conversation. Foreign reserves, already low at USD 4bn in May 2021 fell to USD 2.8bn after the most recent bond repayment of USD 1bn in July 2021 . The Government claims that the timely repayment of the bond is proof that doomsayers […]
Opinion: Young entrepreneur finds worth in plastic waste
Pathum’s love towards keeping the environment plastic-free drives his passion for implementing a viable system for waste collection in Sri Lanka Celebrated every year on the 12th of August, Youth Day magnifies the actions of young people who aspire to repair the earth we live in, through their entrepreneurial decisions to solve the world’s most […]
EFL 40th Anniversary: Celebrating milestones and looking to the future
The Environmental Foundation (Guarantee) Limited (EFL), Sri Lanka’s first public interest organization working on environmental protection and conservation celebrated its 40th anniversary on 3rd August. Speaking to mark this special occasion Dr. Eric Wikramanayake, Chairperson of the organization said EFL was incorporated in 1981 to fill a much needed gap of combining the science and […]
Sampath Bank records PAT of Rs.7Bn for first half of 2021
Financial results of Sampath Bank for the 1st Half of 2021 Sampath Bank posted a profit after tax (PAT) of Rs 7 Bn for the first half of 2021, against Rs 3.9 Bn for the same period in 2020. This significant increase of 78.1% in profit after tax was the result of a 16.7% increase […]
Hemas Group reports operating profit of 1.1Bn delivers strong Q1 performance
Hemas Holdings PLC (HHL) delivered yet another strong quarter amidst challenging operating environment conditions with key businesses gaining momentum in all areas. The Group’s continued focus on growing the Consumer and Healthcare businesses along with operational excellence, contributed to the resilient performance. However, the resurgence of COVID-19 positive cases, and inter provincial and localised limitations […]
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to uncover the tenacity of each woman leader, how they pushed boundaries and find balance to rise to the top of their industry. If you are an aspiring future leader, you will […]