Tag: lbo
Gihan Cooray appointed Chairman of Nations Trust Bank
Dec 13, 2018 (LBO) – Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st 2018. Cooray takes over as Chairman following the retirement of Krishan Balendra who stepped down after having served the stipulated maximum 9 year tenure as a Director […]
Sri Lankan companies that provide childcare support show business benefits: Report
Dec 13, 2018 (LBO) – Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention and productivity of workers, especially women, according to a new report released by the International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with the United […]
Supreme Court decision on Parliament dissolution at 4.00pm
Dec 13, 2018 (LBO) – Sri Lanka’s Supreme Court will deliver its decision on the dissolution of parliament by President Maithripala Sirisena at 4.00 pm Thursday. A three-judge bench headed by the Chief Justice, Nalin Perera granted interim relief by issuing a stay order on the dissolution of parliament ordered by President Maithripala Sirisena on […]
Is Sri Lanka’s health system ready to respond to the population shift?
Dec 12, 2018 (LBO) – Today marks International Universal Health Coverage (UHC) Day. To achieve the vision of Universal Health Coverage by 2030, all Sri Lankans should have access to the health care that they need without being pushed into poverty or giving up other life necessities. Sri Lanka must adopt a lifecycle approach to healthcare […]
Expert Committee hands over report on Singapore-Sri Lanka FTA to President
Dec 11, 2018 (LBO) – The report compiled by a Presidential Commission on the Sri Lanka – Singapore Free Trade Agreement (FTA), was handed over to President Maithripala Sirisena Monday.In a tweet, President Sirisena said that the report highlights how the agreement had been rushed without the proper consent of stakeholder institutions.The presidential committee was chaired […]
Srilankan airlines shows slight dip in carbon efficiency rankings for 2018
Dec 12, 2018 (LBO) – SriLankan Airlines carbon Efficiency points (EPs) points were down to 55.6 points in 2018 from 56 points in 2017, the atmosfair Airline Index which compares and ranks the carbon efficiency of the 200 largest airlines of the world showed. This tool enables passengers to compare airlines offering flights to particular destinations […]
STAX Head of Research reaches the finals of Bracken Bower Prize
(PRESS RELEASE) – STAX has long been known to attract top talent from some of the world’s most prestigious universities and corporates. Its Head of Research Piyumi Kapugeekiyana is a testament to this. Piyumi was recently selected as one of three finalists across the world for the prestigious and coveted Bracken Bower Prize. The Bracken Bower […]
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) – Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life insurance company in 2018. Softlogic Life rewrote the history books recently after it was conferred with eight prestigious accolades at three of the most prominent industry awards ceremonies in Sri […]
Sri Lanka Supreme Court extends interim order on Parliament dissolution
Dec 07, 2018 (LBO) – Sri Lanka’s Supreme Court has extended a suspension of a contested dissolution of parliament in the island by another day. The Court said that the extension will be till Saturday (tomorrow) and will allow further hearings scheduled today. Earlier, a three-judge bench headed by the Chief Justice, Nalin Perera granted […]
Sampath Bank Ranked One of Country’s Top Ten Corporate Citizens
(PRESS RELEASE) Also Wins Category Award for Governance at Best Corporate Citizen Sustainability Award 2018 Sampath Bank was recognized as one of Sri Lanka’s Top Ten Corporate Citizens of the year at the Best Corporate Citizen Sustainability Award 2018 held at the Cinnamon Grand, Colombo recently. The Bank was also adjudged the joint winner of […]
‘s macro economic conditions stable, Fiscal discipline required: CB Gov
Dec 06, 2018 (LBO) – Central Bank Governor Dr. Indrajit Coomaraswamy says that the islands debt situation is manageable and that no major destruction to the on- going economy development activities are foreseen, even though international rating agencies have downgraded Sri Lanka. “We are not going to crash, it can be managed through maintaining financial discipline,” […]
CK Hutchison and Etisalat complete combination of their operations in Sri Lanka
Dec 05, 2018 (LBO) – Emirates Telecommunications Group Company PJSC (“Etisalat Group”) has completed the sale of its 100 percent shareholding in Etisalat Lanka (Private) Limited (“ESL”) to Hutchison Telecommunications Lanka (Private) Limited (“Hutch Lanka”).Upon completion of the sale, CK Hutchison Holdings Limited group will have a majority and controlling stake of 85 percent whilst […]