Category: Other
USD 70mn loan facility from IDA to strengthen services of Local Govt Authorities
The International Development Association (IDA) of the World Bank has provided a loan facility of USD 70 million to strengthen the service provided by 134 Local Authorities in the Northern, Eastern, North Central and Uva Provinces under the Local Development Support Project (LDSP). The signing of this Loan Agreement took place on Tuesday the May […]
‘s only Dangerous Goods Storage Facility
May 14, 2019 (LBO) – Sri Lanka’s first, and South Asia’s most advanced, Dangerous Goods Storage Facility (DGSF) was commissioned on Friday, 10th May at the Colombo International Container Terminal (CICT) equipping the Port of Colombo with a sophisticated storage yard for cargo classified under the International Maritime Dangerous Goods (IMDG) Code. An investment of […]
US-China trade tensions: Fitch says further tariff escalation would hamper global growth
May 13, 2019 (LBO) – The US decision to increase tariffs to 25 percent on an additional 200 billion dollars of imports from China marks a significant escalation in US-China trade tensions, and highlights the risk of a protracted trade war beyond our current assumptions, the Fitch Ratings said. The rating agency, however, said the […]
Justice Minister rejects claims that US diplomat interfered with Sri Lankan Judiciary
May 13, 2019 (LBO) – Sri Lanka’s Justice Minister Thalatha Athukorale yesterday condemned the allegations made by Udaya Gammanpila in Parliament that a Legal Consultant attached to the Department of Justice in the American Embassy has interfered with the affairs of local judiciary during a workshop held in the United States. Athukorale says these workshops […]
‘s pay tops $ 18mn
May 12, 2019 (LBO) – Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over $18mn in the last fiscal year. Her total annual renumeration makes her one of the highest paid executives in Australia. The disclosure of her compensation came out as the company she leads reported earnings of $3bn for the year. https://www.afr.com/business/banking-and-finance/the-eight-macquarie-bosses-paid-more-than-27-000-a-day-20190503-p51jue […]
Five key policy lessons from the terror attacks in Sri Lanka
By: Ganeshan Wignaraja Over 250 people died in last month’s IS-linked Easter bombings in Sri Lanka, making it one of the worst terror attacks since 9/11. Major incidents such as this cause extreme disruption in fragile countries like Sri Lanka, which is already grappling with the legacies of a thirty-year civil conflict, a simmering debt crisis, […]
Nirj Deva seeking a 5th term in the European Parliament
May 11, 2019 (LBO) – Niranjan Deva Aditya, more commonly known as the Hon. Nirj Deva, is seeking a fifth term in the European Parliament elections scheduled for May 23rd. The British elected European Parliamentarian of Sri Lankan descent is one of the longest serving European Parliamentarians.He has served in the legislative body for 20 […]
Softlogic Restaurants ranked among Asia’s Best Workplaces in 2019
Softlogic Restaurants Pvt Ltd., part of the Softlogic group of companies, and the Master Franchisee in Sri Lanka for global brands Burger King, Baskin-Robbins and Délifrance, has been ranked among the Best Workplaces in Asia 2019 in the Small & Medium Category by Great Place to Work®, in a major endorsement of the Company’s human […]
‘s National tea sales average down in April 2019
May 09, 2019 (LBO) – Sri Lanka’s tea sales for the month of April 2019 showed a decrease when compared with the same period last year, a new report shows. “National average for the month of April 2019 totalled 578.23 rupees vis-à-vis 585.92 rupees of March 2019 showing a marginal decrease of 07.69 rupees month on […]
Suwa Seriya ambulance service launches 1990 Mobile App
May 08, 2019 (LBO) – The “1990 Suwa Seriya” pre-hospital care ambulance service today launched its new Emergency Dispatch Management (EDM) System and the unique 1990 Mobile App to enable faster dispatching and management of ambulance movements.The 1990 App which is available for both Android and iOS phones will enable persons with smartphones to call the […]
CA Sri Lanka Library goes digital giving professionals & students 24/7 access
The library of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) heralded a new era in digital transformation last week, as it launched its e-Library for the benefit of its vast membership. The e-Library will provide thousands of Chartered Accountants, corporate clients and CA students a range of eBooks with the convenience […]
SriLankan appoints new Chief Commercial Officer & Chief Financial Officer
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, has appointed Mr. Joshua Bustos as its Chief Commercial Officer and Mr. Shaminda Samaraweera as its Chief Financial Officer with effect from April this year. Mr. Bustos is an internationally experienced senior level airline executive with over 20 years […]