Category: Other
Two Sri Lankan Fintech startups win gold & merit at Asia Pacific ICT Alliance awards
The 18th Asia Pacific ICT Alliance (APITCA) awards 2018, which was held in Guangzhou, China from the 10th to 14th October, named DirectPay as the overall winner in the Consumer – Wealth and Retail Category and Park and Pay with a Merit Award in the Start Up of the Year – Business and Community Category. […]
”’ rating; outlook stable
Fitch has published Sri Lanka-based Cargills Bank Ltd’s (CBL) National Long-Term Rating of ‘BB(lka)’ with a Stable Outlook. KEY RATING DRIVERS NATIONAL RATINGS CBL’s rating reflects its small and developing domestic franchise, evolving business model and limited operating history in Sri Lanka’s banking sector. The rating also captures its high risk appetite and pressures on […]
High Court issues interim order against Dr. Ali Gulamhusein and Malayandi Jeyapragash
October 19, 2018 (LBO) – Colombo Stock Exchange (CSE) listed Ceylon & Foreign Trades (CFT) recently released a disclosure with regard to its legal matters. In the disclosure it states that the Hight Court has issued : “an interim order against the 1st to 3rd Respondents from disposing, alienating, and/or encumbering and of the assets […]
ICRA Lanka upgrades issuer rating of Softlogic Holdings
Rating action ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service has upgraded the issuer rating of Softlogic Holdings PLC (SHL/” the company”) to [SL] BBB+ (pronounced SL triple B plus) from [SL]BBB (pronounced SL triple B) and rating watch with developing implications has been removed. The outlook on the […]
Western Union & Sampath Bank offer international money transfer services in Sri Lanka
(PRESS RELEASE) – Western Union, a leader in cross-border, cross-currency money movement and Sampath Bank, one of Sri Lanka’s leading private commercial banks, have joined forces to provide customers,nation-wide access to international money transfers in minutes[1] from more than 200 countries and territories. Sampath Bank’s 229 branches across the island now offer Western Union® Money […]
Opinion: Khashoggi Killing – Imagine if Sri Lanka had done it
October 16, 2018 (LBO) – Imagine a team of 15 highly trained Sri Lankan intelligence operatives board a private plane and embark on a journey to Istanbul, one of the greatest cities in the history of the world. This team of operatives includes those well versed in interrogation, torture, forensics, and someone who is an […]
Sri Lanka DoC in breakthrough entry to world’s largest retail market
Sri Lanka’s Department of Commerce (DoC) has reported the country’s largest ever global trade linkage for Sri Lankan exports sector so far on 16 October in Colombo. The DoC also stressed that for the first time in a decade, Sri Lankan exports to this huge market has doubled. “The visit of China National Agriculture Wholesale […]
Microsoft co-founder Paul Allen dead at 65, net worth of $ 20bn, never married, no children
October 16, 2018 (LBO) – One of the worlds richest people, Paul Allen has died of cancer at age 65. He leaves behind no wife or children, and is survived by one sibling Jody Allen (59). Allen left Microsoft in 1982, during his first battle with cancer.He was a flamboyant investor and philanthropist.He owned two […]
‘s future
Oct 15, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe,highlighted the need to maintain freedom of navigation and freedom of digital connectivity for the region to grow and prosper and the need for a shared understanding in order to maintain peace and security. He was delivering the keynote address of the “The Indian Ocean: Defining […]
Full Supreme Court decision on Duminda Silva appeal published
October 14, 2018 (LBO) – The full Supreme Court decision on the Duminda Silva appeal case has been published. It was a unanimous decision of a five judge panel in Sri Lanka’s highest court. The Supreme Court opinion in this landmark case is likely to become one of the most widely read opinions in the […]
President appoints and CC approves Judge Nalin Perera as the 46th Chief Justice of Sri Lanka
October 13, 2018 (LBO) – President Maithripala Sirisena has appointed and the Constitutional Council has confirmed the new 46th Chief Justice (CJ). The collaborative process enshrined in Sri Lanka’s reformed constitution seemed to work flawlessly, resulting in a new CJ appointed through a highly regarded mechanism. Chief Justice Nalin Perera has spent close to 4 […]
Global sporting retailer, Decathlon, opens 1st store at Battaramulla
Opening up a whole new world of sports innovation for Sri Lanka, Decathlon Sri Lanka has launched its first store at Battaramulla on 13th October 2018, located at 260/1, Pannipitiya Road, Battaramulla, prominently located beside the Buddhadasa ground. Demonstrating its passion for sports, Decathlon’s store offers a unique sport store concept that showcases 2500 products […]