Category: Other
Sri Lanka lifts ban on sale of liquor to women
Jan 11, 2018 (LBO) – Sri Lanka’s Finace Ministry announced that the government will lift the ban on sale of liquor to women in retails outlets and employment of women in bars. Issuing a statement the ministry said that Minister of Finance Mangala Samaraweera has revoked the prohibition on selling liquor to women and employing women […]
Virtusa’s Smart ATM Recognized at The International Business Awards
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that it has been awarded a Bronze Stevie Award at The 2017 International Business Awards for Best New FinTech Product or Service of the Year for the company’s Smart ATM solution, a unique […]
Hayleys Energy Services completes oil rig offloading project in Trincomalee
Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rig Olinda Star at the Trincomalee Port Anchorage recently.This deep-water rig is capable of drilling at water depths of up to 3,600 feet and has a drilling depth capacity […]
LVL Energy Fund rings opening bell at Colombo Stock Exchange
LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a 120 million share issue. Director/CEO of LVL Energy Fund […]
SLAITO and THASL hail the upcoming promotion plan of Sri Lanka Tourism
(PRESS RELEASE) – In a joint communique, The Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotel Association of Sri Lanka (THASL) appreciated the efforts by Sri Lanka Tourism Promotions Bureau (SLTPB) and Sri Lanka Tourism Development Authority (SLTDA) to expedite the Digital advertising campaign planned for early 2018 and the Global advertising […]
Yahapalanaya responsible for worst debt crisis in Sri Lanka: MR
Third anniversary of incompetent government responsible for the worst debt crisis in Sri Lankan history On 9 January 2018, the so-called yahapalana government completes three years in office. During this short period they have created numerous crises running through virtually every sector in Sri Lanka. The main subject of public discussion today is the bond scam […]
Sri Lanka to build its first ever pharmaceutical manufacturing zone
Jan 08, 2018 (LBO) – State Pharmaceutical Manufacturing Corporation and Pharma Zone Private Limited is to sign an agreement to build the first ever exclusive pharmaceutical manufacturing zone of Sri Lanka in Welipenna Area of Kalutara district. The Pharma Zone will facilitate the local pharmaceutical manufacturers with sufficient land for manufacturing plants and basic infrastructure […]
Capital Alliance launched Sri Lanka’s first online bond trading app
In an effort to take government securities trading to the future and make it more accessible to all, CAL (Capital Alliance) recently launched its latest innovation – CALiper, a state-of-the-art digital app that facilitates online bond trading with the click of a button. Delivering direct access to the closed bond market, the app offers an […]
President, PM declared open Moragahakanda, biggest reservoir of Mahaweli
Jan 08, 2018 (LBO) – Sri Lanka’s President and Prime Minister on Monday declared open Moragahakanda, the last but biggest reservoir of the multipurpose Mahaweli Project. Moragahakanda will irrigate parched dry lands in faraway Vanni in the Northern Province on one side and Rajarata, Wayamba, Central and Eastern Provinces on the other. Today also marks […]
2018 budget vs foreigners from buying property in Sri Lanka
The highly anticipated 2018 budget of the Sri Lankan Government concluded recently with a number of surprises that were not seen in budget proposals in the past few years. The targeted FDI inflows of 5 billion dollars into Sri Lanka was certainly one of them, while expecting to raise an impressive 110 billion rupees through […]
World Finance declares COMBANK best in Sri Lanka for Digital & Mobile Banking
(PRESS RELEASE) Presents awards for‘Best Digital Bank’ and ‘Best Mobile Banking Application’ in Sri Lanka in 2017 The Commercial Bank of Ceylon PLC has been recognised as the ‘Best Digital Bank’ in Sri Lankaand has been presented the award for the ‘Best Mobile Banking Application’by the prestigious London-based ‘World Finance’ magazine celebrating achievement, innovation and […]
Japanese Foreign Minister Kono to visit Sri Lanka today
Japanese Foreign Minister Taro Kono is scheduled to visit Sri Lanka from January 4th to 6th, 2018.This is the first time in fifteen years for a Japanese Foreign Minister to visit Sri Lanka. This visit is aimed at further consolidating the “Comprehensive Partnership” between Japan and Sri Lanka based on previous visits by Sri Lankan […]