Category: Other
Illegal arrest, torture and harassment continuing in Sri Lanka: AHRC
Nov 01, 2016 (LBO) – The Asian Human Rights Commission (AHRC) said on Tuesday an individual illegally arrested and tortured in Ja-Ela, and the harassment of a priest in Wattegama, are examples of failure to uphold the rule of law in Sri Lanka. The individual in Ja-Ela was produced before the Negombo Magistrate on a […]
DPL First six months records Rs.11.5Bn Revenue
(PRESS RELEASE) – Group turnover for the 1st half of the financial year was Rs. 11.5 billion, compared to Rs.10.9 billion for the same period of the previous year. The Hand Protection sector contributed a modest Rs 7.0 billion to the Group’s top line, while the Plantation sector recorded a turnover of Rs. 4.5 billion […]
Sri Lanka’s Speaker Karu Jayasuriya chairs IPU Emergency Session on Syria
Karu Jayasuriya, Speaker of the Parliament, attending the 135th Session of the Inter Parliamentary Union (IPU) Assembly in Geneva, was invited to chair the emergency session on Syria called by the IPU Assembly on 25th October. The Session had before it a Resolution titled “The war and the severe humanitarian situation in Syria, particularly in […]
SriLankan Airlines named Best Full Service Airline in Central & South Asia
(PRESS RELEASE) – Colombo, October 28, 2016: SriLankan Airlines emphasized its positioning as an airline of choice among discerning global travelers by winning the “Best Full Service Airline in Central and South Asia” at the Future Travel Experience Asia Awards 2016 in Singapore for the second consecutive year. Ajith Dias, Chairman of SriLankan Airlines, said: […]
Huawei launches Experience Store in Colombo, Plans to grow distribution
(PRESS RELEASE) – Huawei opened a brand new Experience Store in Colombo at Liberty Plaza Ground Floor adding another chapter to its expansion drive in Sri Lanka. The Experience Store is designed, with interactive areas where consumers can decide on their favourite Huawei smartphones, tablets and other devices. The opening of the new Experience Store […]
CAMMS wins 2016 national ICT awards
(PRESS RELEASE) – CAMMS has won two awards at the National Best Quality ICT Awards (NBQSA) 2016,in Sri Lanka for its software solutions for the healthcare sector. The Enterprise Performance Management (EPM) and Business Intelligence (BI) Company won a Gold award in the Healthcare category for its product – SYCLE Health. CAMMS was also awarded […]
Sri Lanka backs Indian Ocean security at IORA
Oct 28, 2016 (LBO) – Sri Lanka’s Foreign Minister has called for the Indian Ocean Rim Association (IORA) to take collective steps to ensure security in the region while moving into a new era of dynamism. “It is necessary for IORA and its members to take collective steps to ensure the security of the Indian […]
Piramal Glass Ceylon profits down 73-pct in H1 2017
Piramal Glass Ceylon PLC has successfully completed the 1st half of F2017 with its revenue crossing Rs.3 Bn mark & with a growth of 3% as against previous year H1. This was a remarkable performance as the company had to supply the market whilst its factory was non-operational for a period of 2 months for […]
CA Sri Lanka to partner SAFA and World Bank to host regional seminar on public sector financial reporting
(PRESS RELEASE) -The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, will host a high profile regional seminar in November, to help stimulate thinking on how South Asia can take financial reporting practices to the next level. Organised by the South Asian Federation of Accountants (SAFA), World Bank […]
Fitch rates Bank of Ceylon subordinated debt AA(lka)(EXP)
Fitch Ratings has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed subordinated debentures of up to LKR8bn an expected National Long-Term Rating of ‘AA(lka)(EXP)’. The debentures, which are to have tenors of five and eight years and carry fixed and floating coupons, are to be listed on the Colombo Stock Exchange. BOC expects to use the […]
‘s Green University opened in Homagama
Oct 27, 2016 (LBO) – The National School of Business Management’s (NSBM) Green University in Pitipana, Homagama was declared open by President Maithripala Sirisena on Wednesday. This is the first university in the South Asian region built to be sustainable and eco-friendly, according to the university. The NSBM Green University comprises auditoriums, computer laboratories, a […]
‘s Marxist JVP protest against VAT
The Marxist JVP today held a protest demonstration against the VAT amendment bill demanding the government to withdraw the Value Added Tax that burdens people. The party further charged that the allocation for education has been cut down while slashing the reliefs to people.