Tag: lbo.lk
Interview: CIAM; Challenges, opportunities and utilising it to meet evolving customer needs
Prabath Siriwardena, Vice President and Deputy CTO – Security Architecture at WSO2 discusses some of the challenges, opportunities and points to note surrounding the current environment of CIAM implementation. 1) What does Customer Identity and Access Management mean? Customer Identity and Access Management (CIAM) has become a bit of an overloaded term over time. There […]
Orient Finance records threefold increase in net operating income
Orient Finance PLC reported a profit before tax of LKR 193 Mn for the 2020-21 financial year, reflecting a year-over-year growth of 144 per cent. The company’s net operating income also increased 148 per cent from LKR 0.47 Bn to LKR 1.17 Bn during the year under review. This performance was despite the Company foregoing […]
Luxury SUVs for MPs while imports for doctors, general public held indefinitely: CMTA
The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 400 vehicles – including 227 luxury SUVs – to a value of Rs. 3.7 billion through the Bank of Ceylon. The Government reversed its earlier decision to cancel the order, citing the fact that the Letters […]
Opinion: Moving business and human rights agenda forward in SL in crisis times
By Myanthi Peiris, Business and Human Rights Specialist, UNDP Sri Lanka The COVID-19 pandemic brought about unprecedented social and economic challenges, and behind staggering data of contracting economies, people’s lives and livelihoods are on the line. According to the World Bank, in Sri Lanka over 500,000 people are expected to have fallen into poverty as […]
SL is a strategically located strong economy with access to emerging and established markets : BOI Chief
Sri Lanka is a skills powerhouse, with the best living environment in South Asia, a senior official said. Additionally, Sri Lanka is the place to work, live and enjoy life, Sanjaya Mohottala, chairman of the Board of Investment tolad a forum Wednesday. “We have an extremely educated, trainable and capable workforce,” “Digital literacy is close […]
Sri Lanka vehicle registration decline in Apr 2021
Total vehicle registrations for the month of April declined to 2,418 units from 3,556 units the previous month – the comparative month 12 months ago was zero due to the first lockdown, a new report shows. Data compiled by JB Securities equities research shows that April has many holidays and there was a semi lockdown in place […]
Sri Lanka Investment Forum 2021 kicks off
Sri Lanka Investment Forum 2021 was inaugurated this morning by His Excellency the President Gotabaya Rajapakse on a virtual platform. Today’s proceedings also featured keynote addresses by Ali Sabry Minister of Justice, Ajith Nivard Cabraal, State Minister for Money and Capital Markets and State Enterprise Reform, Dr.P.B. Jayasundera, Secretary to the President, Sanjaya Mohottala Chairman […]
New sticker system for vehicles entering Colombo from today
The Sri Lanka Police will from today introduce a more efficient sticker system to ensure those carrying out essential services can enter Colombo City amidst travel restrictions. Police spokesperson DIG Ajith Rohana says 11 stickers have been introduced for specific sectors, with green for health services, light blue for tri-forces and police, purple for private […]
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent any disruption to the lives of the people. The President said that despite the current situation, the country’s economy could not be allowed to collapse and that the contribution of all stakeholders was needed to overcome […]
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment Program Tranche 3 to continue ADB’s assistance to upgrade Sri Lanka’s rural road network connecting vast rural populations to jobs and services. “Economic growth is hindered by poor transport infrastructure, particularly […]
Second stock of Sinopharm added to vaccination drive from today
President Gotabaya Rajapaksa has instructed that the second stock of 500,000 Sinopharm vaccine doses received as a gift from the Chinese Government, be used in the vaccination drive from today (26). Accordingly, plans have been made to distribute the vaccines among several districts based on priorities recommended by the health sector. The SriLankan Airlines flight […]
‘s economy collapse due to lockdown?
By Charith Isuru The answer is a BIG NO….. What are possible scenarios that can cause a possible economic collapse in Sri Lanka during this Covid pandemic? 1. Substantial downturn in exports. 2. Sizable loss in foreign worker remittances. 3. Unexpected surge in imports to an unbearable level. 4. Lack of foreign currency inflows to […]