Category: Other
Fitch downgrades China and US growth on trade dispute
Sep 10, 2019 (LBO) – Disruptions from the sharp escalation in the US-China trade dispute are darkening the global economic outlook, causing us to revise our global economic outlook, Fitch Ratings said. Issuing a statement the rating agency said it has issued downward revisions to their eurozone and US GDP forecasts. “We now expect Chinese […]
Cabinet Minister Navin Dissanayake is 50 today
September 9, 2019 (LBO) – Cabinet Minister of Plantation Industries Navin Dissanayake reached the age of 50 today. Dissanayake is the son of former UNP leader and Presidential candidate Gamini Dissanayake. Navin’s father was assassinated by the LTTE in 1994 at age 52 during his campaign for the presidency. Navin Dissanayake was just 25 years […]
Job Interview Tips: To Ease the Tension
By Chathurika Jayawardana, Founder, Career Kit Facing an interview can be quite stressful if you are a newbie in the battle of job hunting. Your heart beats so hard that you can hear it out loud while waiting outside the interview room! We’ve prepared this ‘INTERVIEW EMERGENCY KIT’ to help ease the tension at the […]
Sri Lankan billionaire Raj Rajaratnam released after 8 years in prison
September 9, 2019 (LBO) – Former hedge fund titan and billionaire Raj Rajaratnam has been released from prison early after being incarcerated for almost 8 years. He was released approximately 2-3 years early due to a new law passed in the United States which proffers leniency to those who are over 60 years of age […]
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. This year, the SLSBC led a delegation of 31 Board level individuals from 26 local companies drawn from a multitude of industry sectors to explore opportunities. What was […]
SL and Australia to strengthen cooperation to counter people smuggling
Sep 06, 2019 (LBO) – Sri Lanka and Australia have re-dedicated themselves to counter people smuggling and discussed in detail avenues for strengthening cooperation to address the recent escalation of the number of people-smuggling ventures from Sri Lanka to Australia since May, 2019. Foreign Secretary Ravinatha Aryasinha expressed Sri Lanka’s fullest support to Australia in […]
IMF removes age limit for the position of Managing Director
Sep 06, 2019 (LBO) – The Board of Governors of the IMF has approved the proposal by the Executive Board to remove the age limit for the position of IMF Managing Director. Approval of the proposal required a simple majority of the votes cast, with a minimum participation requirement of a majority of Governors holding […]
Condominium Mgmt Authority, National Gem & Jewellery Authority to share information with Financial Intel Unit
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into Memoranda of Understanding (MOUs) with Condominium Management Authority (CMA) and National Gem and Jewellery Authority (NGJA) on 28 August 2019 at the Central Bank of Sri Lanka with the […]
Disaster risk resilience: key to protecting vulnerable communities
By Armida Salsiah Alisjahbana The past five years have been the hottest on record in Asia and the Pacific. Unprecedented heatwaves have swept across our region, cascading into slow onset disasters such as drought. Yet heat is only part of the picture. Tropical cyclones have struck new, unprepared parts of our region and devastatingly frequent […]
William Penn announces its launch in Sri Lanka
Penndome Sri Lanka, announces its brand launch in Sri Lanka of the William Penn brand. The brand offers a wide portfolio of products in premium writing instruments & stationery including men’s accessories and corporate gifts. The company boasts of exclusive tie-ups of over 50 world renowned brands such as Sheaffer, Hugo Boss, Moleskine, Caran d’Ache, […]
Allianz Lanka appoints Nihal Handunge as Deputy CEO for Life Insurance arm
The board of directors of Allianz Lanka recently announced the appointment of Nihal Handunge as the Deputy CEO for Allianz Life Insurance Lanka Limited. With this new appointment, Handunge will take the responsibility of overseeing the growth strategy of the business along with the overall management responsibility of Allianz Lanka’s Life operations in Sri Lanka. […]
Virtusa to automate SLT backend services & revamp service offerings to customers
Sri Lanka Telecom (SLT), the national ICT and digital solutions provider entered into a landmark agreement with Virtusa Private Limited, a global provider of digital strategy, digital engineering, and IT outsourcing services, heralding a radical transformation in customer experience for SLT’s valued customers in the coming weeks and months. The signing of this memorandum of […]