‘t be pressured regarding land reclamation: President

June 03, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed officials to adhere strictly when implementing the government’s decision to prohibit unauthorized land reclamation in the Western Province. “I will always stand up on behalf of the officials who are taking the correct decision,” he said and requested those officials to inform him without […]

Radiant Eye Hospital launches web site

Radiant Eye Hospital officially launched its unique website radianteye.lk on Thursday, 2 June 2016. The launch was experienced by healthcare professionals, stakeholders and members of the media. Heading the team is the hospital’s founder Dr. Shamintha Amaratunga, an eye surgeon who has built a reputation for excellence in the field of eye care. Dr. Amaratunga […]

Singer launches first-ever online wedding registry

Singer Sri Lanka PLC, the country’s leading consumer durable retailer, launched its first-ever Online Wedding Registry at a special ceremony held recently. Singer Online Wedding Registry will allow couples to create and manage their own wedding registry from anywhere in the world by simply logging onto a secure web portal. It will include a comprehensive […]

Sri Lankan Researchers honoured for Process Innovation treating Asthma

In what can be hailed as a national achievement, two Sri Lankan scientists, Manoj Hettiarachchi and Nalin Kannangara of Sri Lankan pharmaceutical company Emergen Life Sciences were recently honoured with a Silver Award at the 44th International Exhibition of Inventions held in Geneva for their innovation of a Process of Manufacturing of Budenoside+Foremtrol Dry Powder […]

Neoliberalism oversold? Inequality throttles growth, say IMF economists

June 02, 2016 (LBO) – Instead of delivering growth, some neoliberal policies increase inequality which in turn jeopardize sustainable development, three IMF economists say in a recent article. Neoliberalism refers to capitalism in its purest form where privatization, deregulation, and the “freeing of the market” are keys to a flourishing economy. The senior IMF economists […]

Sri Lanka seeks public opinion to improve legal trials

June 02, 2016 (LBO) – Sri Lanka’s government is currently seeking public support to reform the civil and criminal procedures in the island in a bid to avoid long delays in pending legal cases. During this month, interested parties are able to express their views particularly on reducing delay in trials and amendments for the […]

DFCC Bank joins CSE to open trading for June

DFCC Bank rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of June. The Bank’s Chairman Mr. Royle Jansz, CEO Mr. Arjun Fernando, Deputy CEO Mr. Lakshman Silva and Company Secretary Ms.Anomie Withana were present […]

Fitch to host sovereign and corporate forum

Fitch Ratings Lanka Ltd. will host the Sovereign and Corporate Forum on Thursday, 16 June 2016, at 5.30pm-8.30pm at Bougainvillea Room, Galadari Hotel, 64 Lotus Road, Colombo, Sri Lanka. Fitch’s sovereign analysts will discuss the global economic outlook and the implications for Asia-Pacific markets such as Sri Lanka, as well as the economic adjustments in […]

Huawei invests USD9.2 billion in 2015,15-pct of annual revenue for R&D

As a leading ICT solutions and smart device provider and patent owner, Huawei invests heavily in research and development. In 2015 alone, Huawei invested US$9.2 billion, or 15% of its annual revenue, in the research and development of new technologies, new products, and wireless communications standards. Huawei’s substantial investment in R&D over the years has […]

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