Category: Other
PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) – Sri Lanka’s power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of the Norochcholai coal power plant. The discussions come following Supreme Court direction to the Public Utilities Commission, the commission said issuing a statement. “All matters concerning the environmental damage caused […]
LiCC launches water-proof denim jeans in Sri Lanka
Firebrand jeans retailer Long Island Clothing Company (LiCC) today launched a trail blazing brand of water-proof jeans and thus takes the much favoured denim jeans to yet another level. The launch of the water-proof jeans titled LiCC Liberté invites you to be part of a grander scheme. Wearing wet clothes is always a drag, but […]
Seylan Bank posts profit after tax of Rs866mn in 1Q 2017, 20% YoY growth
Seylan Bank made a steady start in 2017 by posting impressive results for Q1 with a Profit after Tax of Rs. 866 Million in the backdrop of uncertain market conditions. The Bank increased its Net Interest Income and recorded a robust growth of 20.97% in spite of the mounting pressure on the margins due to […]
DFCC Bank takes banking to customers’ doorstep with Mobile Teller
Sustaining its momentum to offer technology-backed convenience to customers, DFCC Bank re-launches “Mobile Teller” a digital banking service owned and operated by DFCC Bank and developed by SYNAPSYS. This doorstep banking service is offered by a staff representative, who accepts real time cash deposits via a mobile device. This offers customers the option of completing […]
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) – Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri Lanka’s capital, with rehabilitation of the dump now in progress, a minister said. “What we are doing now is taking measures to control further collapses […]
Sri Lanka, India sign MOU to cooperate on economic projects
Apr 27, 2017 (LBO) – Sri Lanka and India signed an MoU on economic co-operation in the presence of Prime Minister Narendra Modi and Sri Lankan counterpart Ranil Wickremesinghe in New Delhi Wednesday. As per Indian media reports, the MoU proposes Indian investment in development of port and oil tank farms in Trincomalee, setting up […]
Mobitel launches first ever Digital Recharge System in Sri Lanka
Sri Lanka’s National Mobile Service Provider, Mobitel sustains its lead at the forefront of the mobile commerce revolution in the country by pioneering the Digital Recharge System for the first time ever in the country. Delivering on its commitment to simplify service offerings to its customers and retail partners, Mobitel is proud to introduce this […]
Time period of Presidential Commission on CB bond issue extended
Apr 25, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the issuance of treasury bonds. A spokesman at the Commission told LBO that the President has extended the time period by three months. So far statements were recorded from […]
”’ Loan program
People’s Bank has proactively joined the Swashakthi Loan scheme initiated by the Ministry of National Policies and Economic Affairs and the Central Bank of Sri Lanka, disbursing loans via its extensive branch network of more than 730 branches island-wide. The inaugural program for awarding Swashakthi loans was recently held at People’s Bank Nuwara Eliya branch […]
Australia reveals details of temporary skilled migration reforms
Apr 24, 2017 (LBO) – The Australian Government recently announced changes to their employer-sponsored temporary skilled work visa arrangements with the most significant change in the current visa for temporary skilled workers. The current visa for temporary skilled workers (the 457 visa) will be replaced by a new Temporary Skill Shortage (TSS) visa in March […]
Mastercard hosts knowledge sharing session on risk management
Mastercard recently hosted 50 senior electronic payments industry representatives at its Risk Management workshop in Colombo. The event is part of an ongoing series of knowledge-sharing sessions organized by Mastercard to share global learnings and gain local insights from market partners. The day-long workshop saw Rajeev Kumar, Customer Fraud Management, South Asia, Mastercard and Christopher […]
CICT attracts first new service to Colombo from Ocean Alliance
(PRESS RELEASE) – Colombo International Container Terminals (CICT) recently welcomed the maiden call of CMA CGM Nabucco, the first vessel under the Ocean Alliance to call on the Port of Colombo. The vessel operated by CMA CGM was the first in a new weekly service attracted to Colombo by CICT this year, and will operate […]