Tag: lbo
‘s Pvt sector has 5Mn employees and 500,000 vacancies: report
Jan 08, 2018 (LBO) – Around five million people were engaged in employment Sri Lanka’s private sector currently while around 500,000 vacancies are there in various job categories, a new report shows.. The highest number of employees was reported in the services sector and among the occupation group the highest number of employees was reported […]
Opinion : A stakeholder strategy for non-traditional organisations
By ThilanSenaratne Who is a stakeholder? A stakeholder is defined as ‘any group or individual who is affected by or can affect the achievement of an organization’s objectives’(Freeman, 1984). In other words, a stakeholder is someone who has a ‘stake’ in an organisation. There are dozens of stakeholder classifications. One of the most widely accepted […]
US GSP withdrawal not country-specific, Impact on total exports small: AmCham
Jan 05, 2018 (LBO) – The American Chamber of Commerce says the decision to withdraw the GSP form Sri Lankais not being country-specific and is one stemming from the US Congress simply not re-authorizing the program before adjourning for the year 2017. With effect from the 1st of January 2018, the United States’ Generalized System […]
Jetwing Symphony opens trading at CSE today
Jan 05, 2018 (LBO) – Jetwing Symphony Ltd, will open trading at the Colombo Stock Exchange from today following its successful Initial Public Offering last month. This is the CSE’s first listing of the New Year 2018. The company’s 750 million rupees IPO with 50.22 million shares will be utilised to complete Jetwing Symphony’s projects in […]
‘s Sampath Bank introduces slip-less transactions
Jan 04, 2017 (LBO) – Sampath Bank has launched slip-less transactions to provide their customers greater convenience through a mobile app that is available on iOS and Android, a statement said. With the launch, the slip-less transaction facility will allow customers to carry out cash deposits and withdrawals without filling out any forms. The Bank […]
World Finance declares COMBANK best in Sri Lanka for Digital & Mobile Banking
(PRESS RELEASE) Presents awards for‘Best Digital Bank’ and ‘Best Mobile Banking Application’ in Sri Lanka in 2017 The Commercial Bank of Ceylon PLC has been recognised as the ‘Best Digital Bank’ in Sri Lankaand has been presented the award for the ‘Best Mobile Banking Application’by the prestigious London-based ‘World Finance’ magazine celebrating achievement, innovation and […]
Sri Lanka to raise USD5Bn from Sovereign and Development Bonds in 2018
Jan 04, 2018 (LBO) – Sri Lanka’s cabinet of ministers have given approval to raise up to US 2 billion dollars through foreign commercial borrowings and a further US 3 billion dollars from Sri Lanka Development Bonds (SLDB) to raise the funds for loan repayment and financing of development projects. The proposal was put forward by […]
Final report of PRECIFAC handed over to President
Jan 03, 2018 (LBO) – The final report compiled by the Presidential Commission of Inquiry to Investigate and Inquire into serious acts of fraud, corruption and abuse of power, state resources and privileges (PRECIFAC) was handed over to President Maithripala Sirisena at the Presidential Secretariat, Tuesday. The report consists of 1,135 pages and was handed […]
Port City legislation to Parliament by March, Work on three towers to commence
Jan 03, 2018 (LBO) – Sri Lanka’s Port City legislation would be brought before Parliament by March while construction on the first permanent buildings are also due to commence shortly, senior officials said. These comments were made following a visit of the newly reclaimed land of the island by Prime Minister Ranil Wickremesinghe and Megapolis […]
Sri Lanka Cargills bank appoints Theagarajah as new MD, CEO
Jan 02, 2018 (LBO) – The Cargills Bank has appointed Rajendra Theagarajah as its Managing Director and Chief Executive Officer effective from January 1.He joined the bank as a Non Executive Joint Deputy Chairman in December 2016 and served the bank from its inception having been its Deputy CEO and Chief Finance Officer and subsequently […]
Sri Lanka President to make official statement on 2015 bond scam tomorrow
Jan 02, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena will make a statement on recommendations regarding the final report of the Presidential Commission of Inquiry into the 2015 bond scam on January 03. The President appointed the Commission in February 2016 promising strong action against wrongdoers. The said bond was declared on the 27th February 2015 by […]
France to provide Euro 13.9Mn loan to Sri Lanka for dairy projects
Jan 01, 2018 (LBO) – The French Republic agreed to extend its assistance to Sri Lanka, by providing a Euro 13.9 million (approximately 2,514 million rupees) concessional loan for the development of the local dairy industry. The proposed project will include complete modernization of the pre-selected six mini dairy cooperative societies and organizations by establishing […]