Tag: lbo.lk
Statement from CA Sri Lanka on ongoing political crisis
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its standing as the National Body of Accountants, welcomes the announcement of President Gotabaya Rajapaksa to step down on July 13th, which was conveyed to the people by the Speaker of Parliament Honourable Mahinda Yapa Abeywardena, on the eve of July 09th CA […]
SriLankan Airlines denies reports of flight cancellation
SriLankan Airlines would like to correct certain false information circulating on media about the possible cancellation of a host of SriLankan Airlines’ flights due to the ongoing fuel shortage in Sri Lanka. SriLankan Airlines vehemently denies the accuracy of such information and confirms that it has been able to manage its flight schedule with suitable […]
JAAF commends industry’s resilience as apparel export earnings rise 30-pct YoY in May
The Joint Apparel Association Forum (JAAF) thanked all industry stakeholders for their outstanding resilience in ensuring that the sector continued to meet its commitments in the face of unprecedented challenges, as apparel export earnings expanded by 30% Year-on-Year (YoY) up to US$ 446 million in May 2022. Accounting for approximately 6% of Sri Lanka’s Gross […]
Pan Asia Bank ties up with Ria, world’s 3rd largest money transfer platform
As The Truly Sri Lankan Bank, Pan Asia Bank continues to add value to customer experience. In its latest customer-centric initiative, Pan Asia Bank is partnering with Ria Money Transfer, the US based third-largest remittance platform in the world, to offer its customers a wider choice of low-cost money transfer channels. With a worldwide network […]
Trillium Property Management ground breaks on USD 10Mn duplex apartment project
Trillium Property Management, a luxury apartment owner, developer, and operator, recently held the groundbreaking ceremony of its latest 60 upscale duplex (two stories) apartment project with exclusively designed 2 villas at at No:33, Lionel Edirisinghe Mawatha, Colombo 05. Chairman of Trillium Property Management Janaka Ratnayake graced the event, amidst a gathering of distinguished guests, including […]
Final report of Presidential Comm of inquiry on SL Customs, handed over to President
The final report of the Presidential Commission of Inquiry into Sri Lanka Customs was handed over to President Gotabaya Rajapaksa by Chairman of the Commission Supreme Court Judge Shiran Gunaratne at the President’s House, in Colombo Wednesday. A six-member Presidential Commission of Inquiry was appointed by an Extraordinary Gazette Notification on February 24, 2021 to […]
Geographical Indication (GI) status for Ceylon Cinnamon attracts Turkish market
The Embassy of Sri Lanka in Turkey initiated a programme to promote Ceylon Cinnamon aggressively in Turkey after obtaining the European Union Geographical Indication status for Ceylon Cinnamon. The Embassy in collaboration with the Sri Lanka Export Development Board organized a networking and briefing session on Sri Lankan Spices, including Ceylon Cinnamon, to major Turkish […]
JKH to raise equivalent of USD 75Mn via unlisted convertible debentures to Fairfax Financial
John Keells Holdings PLC (JKH) announced it will raise the equivalent of USD 75 million of foreign direct investment by way of a private placement of Sri Lankan Rupee (LKR) denominated unlisted convertible debentures (“debentures”) to certain controlled affiliates of Fairfax Financial Holdings Limited, headquartered in Canada (collectively, “Fairfax”). The transaction amounts to a value […]
Flights between China and Sri Lanka to increase
It has been decided to increase the number of flights between China and Sri Lanka. Accordingly, China will operate three flights to Sri Lanka from this week. SriLankan Airlines too offers frequent flights to China. This was revealed by the Chinese Ambassador to Sri Lanka Qi Zhenhong when he paid a courtesy call on President […]
Among IT decision-makers, 85-pct see urgent shift in focus to consumers’ digital experiences: Report
In a survey of 500 IT decision-makers, 85% agree that there is an urgent shift toward focusing on consumers’ digital experiences. Moreover, 73% of respondents say that the move to focus on the digital experience in their own organization was sudden. The survey was conducted for a new report from WSO2, “Reprogramming the Enterprise: Keeping […]
Plans afoot to expedite final stage water supply projects
Plans are afoot to complete the work on large and small scale water supply projects which are in the final stages of construction in order to vest with the public. It was also decided to resolve the issues related to those projects as soon as possible. These were stated at the progress review meeting of […]
Statement from SriLankan Airlines on Flight UL 504
SriLankan Airlines would like to address the reports currently circulating on media about flight UL 504 avoiding a possible mid-air collision with another aircraft. SriLankan Airlines confirms that its pilots operating UL 504, which departed from London to Colombo on 13 June 2022, were able to safely commandeer the flight without an incident. Contrary to […]