Category: Other
‘s Minister for Asia Pacific in Sri Lanka
October 6, 2018 (LBO) – Mark Field, Minister of State for Asia and the Pacific, arrived in Sri Lanka yesterday for a visit that will include meetings with government and opposition figures, civil society and trade organisations.The Minister will hold discussions with government representatives including President Maithripala Sirisena and Minister of Foreign Affairs Tilak Marapana. […]
Ascot Holdings launches as Lanka Reality Investments PLC
(PRESS RELEASE) – The Board of the company is pleased to announce the launch of Lanka Reality Investments PLC (formerly known as Ascot Holdings PLC). The name change captures the company’s core vision; to become the foremost listed real estate investment and development company in Sri Lanka attracting overseas investors merged with the local retail […]
Vice President of OPIC visits Sri Lanka; aims to counter debt-trap investments
Oct 05, 2018 (LBO) – Executive Vice President of OPIC, David Bohigian and other US government officials visited Sri Lanka from October 3 to 5 with the aim to promote US investment in the region and strengthened cooperation with regional allies to drive economic growth and stability.Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution.The […]
Sri Lanka tea prices marginally up in Sept 2018
Oct 04, 2018 (LBO) – Auction average for the month of September 2018 totalled Rs.537.77 compared to Rs.534.02 of August 2018 showing a marginal increase of Rs.03.75 month on month, a new report said. “However in comparison to September 2017 average of Rs.635.40 it shows a substantial decrease of Rs.97.63,” Forbes & Walker Tea Brokers said […]
Illicit tobacco: Tackling the threat to national law and order
(PRESS RELEASE) – RIU – Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illicit trade significantly. In a recent report on the tobacco industry the Research Intelligence […]
Sampath Bank named Sri Lanka’s “Most Innovative Bank” for 2nd consecutive year
(PRESS RELEASE) – Sampath Bank was recognized as Sri Lanka’s “Most Innovative Bank” for the second consecutive year at the LankaPay Technnovation Awards held at Shangri-La Hotel, Colombo, recently. The Bank also bagged the “Best Bank for Retail Payments” and “Best Common ATM Acquirer of the Year (Category B)” awards and emerged as the overall runners […]
Harsha de Silva appointed Acting Minister of National Policies & Economic Affairs
The President has appointed Dr Harsha de Silva, State Minister of National Policies and Economic Affairs as Acting Minister during the absence of Prime Minister Ranil Wickremesinghe who is also the Minister of National Policies and Economic Affairs. The PM is currently on an official visit to Norway and the UK until the 10th of […]
Reigning Miss World visits Sri Lanka
Key officials of the Miss World Organization including the Reigning Miss World arrived in Sri Lanka on Sunday 30th September on an exploration visit of the island.The high profile delegation is looking at the possibility of selecting Sri Lanka as the host nation for the world renowned pageant in 2020 or 2021. The delegation paid […]
Young people at the centre of social innovation and entrepreneurship: UN
Oct 03, 2018 (LBO) – Today’s generation of young people is the largest the world has ever known.One in every three people alive today is under the age of thirty, and around ninety per cent of these young people are living mainly in Asia and Africa. In Sri Lanka, nearly a quarter of the population […]
Dr. Radhika Coomaraswamy appointed to the board of John Keells Holdings (JKH)
October 1, 2018 (LBO) – Former Under Secretary General of the United Nations Dr.Radhika Coomaraswamy has been appointed as an Independent Non-Executive Director of Sri Lanka’s largest conglomerate John Keells Holdings (JKH). Global Diplomat Dr. Coomaraswamy served as UN Under Secretary General and Special Representative of the Secretary General on Children and Armed Conflict from […]
Elon Musk settles SEC charges; requires him to step down as Tesla Chairman
Sept 30, 2018 (LBO) – The United States Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures […]
Harsha defensive after social media backlash on request for austerity
September 29, 2018 (LBO) – State Minister of Economic Affairs Dr. Harsha De Silva has been embroiled in a firestorm of backlash over comments suggesting that Sri Lankans restrict foreign travel and vehicle purchases in order to curb the drawdown of foreign exchange. In a situation where the general perception is of incompetence with regard […]