Category: Industry
Sri Lanka death toll over 200 in Easter Sunday attacks
Apr 21, 2019 (LBO) – The death toll in Sri Lanka’s terror attacks has risen to at least 207, with over 450 people injured, police spokesman Ruwan Gunasekera told media at a Press conference a short while ago. The eight blasts mostly targeted high-end hotels in the islands capital and churches where worshippers were attending […]
Sri Lanka announces island wide Police curfew; WhatsApp, Facebook blocked
Apr 21, 2019 (LBO) – Sri Lanka’s government has decided to impose an islandwide Police curfew, Defence Minister Ruwan Wijewardene said. As per the instructions of the Inspector General of Police, the Police curfew has been imposed with immediate effect. Meanwhile, the government has also decided to block social media platforms including WhatsApp, Facebook, Instagram, YouTube and […]
Seylan Bank’s Rs.5Bn debenture issue snapped up
Apr 25, 2019 (LBO) – Seylan Bank’s 5 billion rupee debenture Issue opened recently was successfully oversubscribed on the opening day, reflecting a strong investor confidence in Seylan. The Bank kept the Issue opened for one more day for the second and final tranche of Rs. 2 billion, which too was successfully oversubscribed on the same […]
Berendina awarded country’s first micro-financing license from Central Bank
Berendina Micro Investments Company (BMIC), the micro-finance arm of Berendina in Sri Lanka was recently granted a license to operate micro-financing by the Central Bank of Sri Lanka (CBSL), a first in the industry under the Microfinance Act No 6 of 2016. BMIC now will adhere to CBSL’s guidelines as a licensed microfinance company.The license […]
Kavan Ratnayaka appointed Chairman of National Development Bank
Apr 18, 2019 (LBO) – An Independent Director of National Development Bank (NDB), Kavantissa Danudra Weerawardene Ratnayaka has been appointed as the new Chairman of the Board of Directors of NDB with effect from today. The appointment came after the retirement of Ananda Wijetilaka Atukorala from the Chairmanship of National Development Bank with effect from […]
Google, Apple removes TikTok from app stores in India after ban
Apr 18, 2019 (LBO) – South Indian state of Tamil Nadu has requested Google and Apple to take down the Chinese-owned Tiktok video sharing app from their app stores. The move follows a ruling by the Madras High Court, which ordered its removal from app stores saying it encourages pornography and warning that sexual predators […]
Samsung unveils its first 5G Smartphone Galaxy S10 5G
Samsung Electronics announced the Samsung Galaxy S10 5G is available for purchase in Korea. Over the past decade, Samsung has worked closely with network operators, device manufacturers and software developers to make 5G a reality with its complete end-to-end solution. Now, consumers will be able to unlock an entirely new mobile experience with the most […]
No fuel price increase this time as people celebrate new year: Finance Ministry
Apr 10, 2019 (LBO) – Sri Lanka’s Finance Ministry on Wednesday said that the fuel prices will not be increased this time in order to provide relief to the public during the festive season, despite rising fuel prices in the international market. The price of a barrel of crude oil that sold at 67 US […]
Cricketing star Kumar Sangakkara addresses the staff of BOI
Apr 10, 2019 (LBO) – Sri Lanka’s investment promotion and facilitation agency, the Board of Investment said that cricketing star Kumar Sangakkara addressed their staff and spoke of the importance of leadership in an organization. The address titled “Reach the Peak 2019” was an opportunity for the popular sporting personality to share his experiences on […]
Sri Lanka’s first 100MW floating solar power plant before November
Apr 09, 2019 (LBO) – Sri Lanka’s Power Ministry and the Canadian Commercial Corporation, the Crown Corporation of the government of Canada on Tuesday signed a memorandum of cooperation for the joint development of a floating solar photovoltaic power project to be located on the Maduru Oya reservoir. Construction work of Sri Lanka’s first floating […]
DFCC priced rights issue at a 56-pct discount to NAV to attract shareholders: CEO
Apr 08, 2019 (LBO) – Chief Executive Officer of Sri Lanka’s DFCC bank says that they wanted to make the rights issue attractive to shareholders by providing a discount of 56 percent to the net asset value per share. The bank is to issue up to 106,039,075 ordinary shares to the existing shareholders in the […]
Capital TRUST acquires Taxiyak and launches Taxiya
Apr 08, 2019 (LBO) – Capital TRUST Mobility Solutions (Pvt) Ltd, a subsidiary of Capital TRUST Holdings Limited is launching Taxiya, a mobile taxi hailing service. Focusing on safety, reliability, customer convenience and enhanced benefits to the drivers, Taxiya is set to zoom into the future of Sri Lanka’s organized Taxi service industry. Taxiyak was […]