Category: Industry
Enterprise Sri Lanka loan scheme disburses Rs217mn to over 500 recipients
Jan 31, 2019 (LBO) – Policy Development Office of the Prime Minister’s Office says the “Thurunu Diriya” loan scheme, which was implemented to empower small and medium young entrepreneurs, successfully disbursed the 500th loan last week.Accordingly, at the end of January 2019, a total of 515 “Thurunu Diriya” loans worth more than 217 million rupees […]
Sri Lankan ports need shift from regional transshipment to global maritime hubs
Jan 31, 2019 (LBO) – Sri Lanka Ports Authority said the final draft of the National Policy for Maritime and Logistics Sectors has been presented to the Ports & Shipping Minister Sagala Ratnayaka, today. The draft has been prepared to understand the importance of a national policy for the alignment of maritime and logistics sectors […]
Arjuna proposes short term solution to prevent delays at Katunayake Airport
Jan 31, 2019 (LBO) – Sri Lanka’s Transport and Civil Aviation Minister Arjuna Ranatunga has proposed a short term solution to prevent delays passengers experiencing at the Katunayake, Bandaranaike International Airport. Accordingly, new guides will be deployed at various places inside the airport who will guide the passengers to immigration and emigration counters and to […]
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Jan 31, 2019 (LBO) – Fitch Ratings has assigned DFCC Bank’s proposed Sri Lanka rupee-denominated senior debentures an expected National Long-Term Rating of ‘AA-(lka)(EXP)’.The notes, which will total LKR10 billion, will mature in five, seven and 10 years and carry fixed coupons.The bank plans to use the proceeds to support its loan expansion and to […]
SLASSCOM hosts first-ever RPA Hackathon and Conference
Jan 31, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) will host the first-ever Robotic Process Automation (RPA) Conference and Hackathon Awards on 13th February 2019 at the Galle Face Hotel. Organized by the SLASSCOM Business Process Management (BPM) Forum, this event has already seen many companies submitting entries for […]
Colombo Port to get pilot boats for more efficient service
Jan 31, 2019 (LBO) – The Sri Lanka Ports Authority (SLPA) will sign an agreement with Colombo Dockyard PLC to build two pilot boats for Colombo Port enabling it to handle a greater volume of activities with more efficiency. A pilot boat is a type of boat used to transport maritime pilots between land and the […]
New Director Boards appointed for institutions coming under Power Minister
Sri Lanka’s Power, Energy and Business Development Minister Ravi Karunanayake on Wednesday appointed new Director Boards coming under his purview.Accordingly, new appointments were made to Ceylon Electricity Board, Atomic Energy Board, Sustainable Energy Authority, Atomic Energy Regulatory Commission, Lanka Electricity Company, Lanka Coal Company, and Lanka Transformers.Ceylon Electricity Board: Chairman – Rakhita Jayawardena Vice Chairman […]
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Jan 30, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka Telecom’s Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at ‘B’ with a stable outlook and the agency has simultaneously withdrawn the ratings for commercial reasons. The ratings were withdrawn with the following reason For Commercial Purposes Key Rating Drivers Ratings Constrained by Sovereign: Prior to […]
Sri Lanka ranked 89th in 2018 Corruption Perceptions Index
Jan 30, 2019 (LBO) – Sri Lanka is ranked 89th in the world and 3rd in South Asia, behind Bhutan (25th) and India (78th) with a score of 38 on the CPI 2018 retaining the same score from 2017.The 2018 Corruption Perceptions Index (CPI) released Tuesday by Transparency International reveals that the continued failure of most […]
Sri Lanka computer literacy at 27.5-pct: Digital literacy growing
Jan 30, 2019 (LBO) – Overall computer literacy reported in 1st half of 2018 for Sri Lanka is 27.5 percent, a new survey shows. This is an decrease of 0.8 percentage points from 2017 (1st half) to 2018 (1st half). When the digital literacy is considered two out of every five (aged 5 – 69) has […]
Web Development & Design Trends That Will Change the Digital Landscape In 2019
With every new year, arises the need for change. And yes, this also applies to the development and design of your website. If you are thinking about upping your web development offerings, you will have to incorporate the rising new website design, user interface and user experience (UI/UX) offerings as well. Because no matter how […]
Sampath Bank says ‘incident’ reported in media already corrected
Jan 29, 2019 (LBO) – Sampath Bank says they have already taken appropriate measures to correct what they called an ‘incident’ occurred several months ago, to ensure no recurrence. Referring to an article appeared on a website this morning that is being shared on social media about a financial irregularity, the bank said in a stock […]