Tag: lbo.lk
‘s 120 km fiber line in France sets new world record
Paris, France, Huawei and Orange have successfully achieved a new world record 1 of 157 Tbit/s transmission prototype testing over a 120 km fiber on the Orange network in South West France. This technical achievement unequivocally demonstrates that Orange’s current infrastructure is fully prepared for transmission technologies that can take on increasing traffic over the […]
HC Moragoda meets Chief Coordinator for India’s G20 Presidency to discuss engagement opportunities
Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Chief Coordinator for India’s G20 Presidency for 2023, Harsh Vardhan Shringla in New Delhi recently. The discussion especially focused on various avenues through which Sri Lanka could engage with the G20 during India’s presidency of the Group and also the possibility of understanding G20 […]
SL proposes to set up group of eminent persons to combat terrorist financing
Sri Lanka proposed to set up a group of Eminent Persons with a view to helping galvanize greater political will and to create further international awareness among states on the importance of combating terrorist financing, at the recently concluded 3rd No Money For Terror (NMFT) Ministerial Conference in New Delhi. Sri Lanka’s High Commissioner to India […]
Union Assurance records total net revenue growth of 33-pct to Rs.6.95Bn in third quarter of 2022
Union Assurance, Sri Lanka’s trailblazing Life Insurer, achieved impressive financial growth in Q3 2022 despite challenging market conditions. Union Assurance (UA) rallied to become the second largest regular new business premium producer in the third quarter. Among the top 5 players in the industry, UA was one of the only two companies to record positive […]
Exterminators PLC transfers to CSE Diri Savi Board
The Ordinary Voting Shares of Exterminators PLC transferred from the Empower Board of the CSE to the Diri Savi Board with effect from 2nd December 2022, a statement said. “The transfer of Ordinary Voting Shares of Exterminators PLC from the Empower Board of the CSE to the Diri Savi Board with effect from 2 nd December […]
Ceylon Chamber calls for independent Central Bank
The Ceylon Chamber of Commerce is firmly of the view that institutions like the Central Bank of Sri Lanka should be allowed to function independently in performing its mandate as in most other countries, particularly at this stage when the country is grappling with a major economic crisis. We emphasize the need to reintroduce the […]
Encouraging Sri Lanka’s youth to pursue entrepreneurship: Ceylon Chamber and ILO
As Global Entrepreneurship Week 2022 shines the spotlight on the importance of entrepreneurship to economic growth, the International Labour Organization in collaboration with the Ceylon Chamber of Commerce is implementing a series of initiatives to facilitate a change in the entrepreneurial ecosystem and bolster young people’s transition into the entrepreneurial world. Conducted under the aegis […]
Framing a fresh narrative of South Asian Luxury at CFW
Luxury edition by CFW focuses on refreshing the luxury narrative which is relevant to Sri Lanka and South Asia. This narrative is presented in a conversation on sustainable luxury called Luxury Talks. ‘Luxury Talks’ is set to be held on the 16th of November 2022, at 6.45PM at Galle Face Hotel’s 1864 fine dining restaurant. […]
CFA Society Sri Lanka joins CSE to ring the bell for financial literacy
“Investors need to be aware of the products and services that capital markets and financial markets offer.” – CSE Chairman “Financial Literacy is a body of knowledge which involves economics, business mathematics, logical skills, and the ability to apply those skills in a setting which requires you to make finance-related decisions.” – CFA Society SL […]
Apparel industry calls for urgent action of FTAs to maintain resilient performance
The Joint Apparel Association Forum (JAAF) has urged the Government to urgently expedite negotiations on Free Trade Agreements (FTAs) to enhance the industry’s resilience and global competitiveness amid rising fears of a global economic recession. Elaborating on its rationale, the Association noted that FTAs have become an integral part of the global trading system, particularly […]
Central Bank publishes “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”. The publication can be downloaded via the Central Bank Website in Sinhala, Tamil and English languages. An overview of the performance of the Sri Lankan economy in 2022 as reflected in “Recent Economic Developments”, and infographics published […]