Category: Other
‘s maiden international championship
EZY Racing, the first ever Sri Lankan based motor racing team to compete internationally in a FIA accredited Championship were given their very first International Championship in just their second year in International Motor Sports, when their driving prodigy Mike Young secured the FIA Production Cup for 2015 for the Cusco EZY Racing Subaru Team […]
Infrastructure: Asian and Pacific cities need inclusive, sustainable future, says report
Oct 31, 2015 (LBO) – Asian and Pacific cities are facing growing gaps between urbanisation patterns and what is needed for an inclusive and sustainable future, a report by UN Habitat and UN ESCAP said. The State of Asian and Pacific Cities 2015 report covers 58 countries in the region including China, India, Australia and […]
Majoritarianism, very centre of post-independence failure: FM Mangala
Speech by Foreign Minister Mangala Samaraweera at the Commemoration of the 25th Anniversary of the Expulsion of Muslims from the Northern Province. I would like to thank the Sri Lanka Muslim Congress for organizing this commemoration of the 25th Anniversary of the Expulsion of Muslims from the North. At this historic juncture, when Sri Lanka is grappling […]
MR with Lawyers at BMICH
Former President Mahinda Rajapaksa on Thursday appeared before the Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC) with regard to the alleged non-payment of bills to state owned ITN.
Indira, the first woman Chair of Lanka exports
The first woman to lead Sri Lankan exports took the helm of country’s apex export facilitator EDB on 29 October. “I am very confident of making a positive contribution to the export effort of our country” said Indira Malwatte (new Chairperson & CEO of EDB) on 29 October in Colombo. New EDB Chairperson Malwatte said […]
Trillion lead manages Sri Lanka’s first ‘Green’ Asset Backed Securitization
Trillion Investments Limited (Trillion), a licensed investment manager, regulated by the Securities and Exchange Commission of Sri Lanka, advised and lead managed Sri Lanka’s first “green” asset backed securitization. Pan Asia Banking Corporation PLC (Pan Asia Bank), who is making a concerted effort to positively contribute to reducing carbon footprint in Sri Lanka, fully subscribed […]
Mangala meets US Ambassador-at-Large for Global Women’s Issues
U.S Ambassador-at-Large for Global Women’s Issues, Catherine Russell, is visiting Sri Lanka from 27th -29th October 2015. During her visit, Ambassador Russell met with Hon.Mangala Samaraweera, Minister of Foreign Affairs on 28th October.Ambassador Russell also held talks with Hon. Chandrani Bandara, Minister of Women and Children’s Affairs.Ambassador Russell will discuss strategies to advance women’s economic […]
‘s first ever investor forum in Zurich
The first ever capital market investor forum held in Switzerland on 28th October 2015, proved to be an outstanding success. Titled “Invest Sri Lanka“ and organized by the Colombo Stock Exchange (CSE) in association with the Swiss Asian Chamber of Commerce (SACC), attracted a full house for the Breakfast Meeting at The Widder Hotel in […]
Lanka exports chief Egodage steps down, new CEO this week
As officials, staff and even trade union reps rallied around to heap praise on his initiatives, the outgoing EDB Chairman and CEO Bandula Egodage –the eleventh Chairman to hold the office-was quick to stress that he is not entirely quitting the country’s exports regime on 28 October. “Though I am stepping down from EDB today, […]
Three Sri Lankans honoured by Japanese Foreign Minister
Kenichi Suganuma, Ambassador of Japan, formally awarded the Foreign Minister’s Commendations to Upali Stanley Jayasekera, Chitral Jayawardane and G.Kulatilake of Sri Lanka, at a special ceremony held on 26rd October, 2015 at the Ambassador’s residence in Colombo.The Foreign Minister’s Commendations are awarded to individuals and groups for their outstanding achievements in international fields, to acknowledge […]
Over 60 pct of World Economies Improved Business Rules: WB
Oct 28, 2015 (LBO) – Developing economies quickened the pace of their business reforms during the last 12 months to make it easier for local businesses to start and operate, says the World Bank Group’s annual ease of doing business measurement. “A modern economy cannot function without regulation and, at the same time, it can […]
Blog: Capitalism does not self correct towards equality, says Bill Gates
Oct 27, 2015 – (LBO) – Bill Gates, in a recent blog, reviewing Thomas Piketty’s book Capital in the Twenty-First Century, says capitalism does not self correct towards equality — a review that sounds remarkably socialist in orientation. He agrees with Piketty that: 1) High levels of inequality are a problem—messing up economic incentives, tilting […]