Tag: lbo.lk
SL welcomes French FDI in development project tourism and hospitality sectors
State Minister of Regional Cooperation Tharaka Balasuriya, Chairman BOI Sanjaya Mohottala, had several high-level discussions in Paris, France from 05-11 October 2021. These bilateral meetings were organized in Paris with leading private sector companies, finance institutions and government agencies, with the BOI Chairman joining a delegation that comprised State Minister of Regional Cooperation Tharaka Balasuriya, […]
Eran queries purpose of maintaining COPE if it cannot take actions
SJB MP Eran Wickremaratne speaking on the debate on COPE report in Parliament expressing his dismay said it was unfortunate that the COPE committee appointed by Parliament to investigate embezzlement of hundreds of thousands of rupees in Sri Lankan state institutions had not even the power to prosecute thieves and fraudsters. He said the country […]
SL energy crisis needs streamlined long term policy framework from CEB: Snr Engineers Ass
Senior Engineers of CEB has launched a new movement to uphold policy consistency Plans to focus Energy Crisis in Sri Lanka through expediting the construction of new power plants Plans for career upliftment of junior engineers and recommending to increase retirement age to 61 to increase the contribution of senior engineers to achieve energy goals […]
Rapid development for communication infrastructure in remote areas
President Gotabaya Rajapaksa’s goal is to utilize the telecommunication development fees to develop the communication infrastructure in remote areas, says the Director General of the Telecommunications Regulatory Commission of Sri Lanka, Oshada Senanayake. He also said that as the communication is a strong factor in the national economy, steps have been taken according to the […]
Experts discuss framing a green development pathway for Sri Lanka
Experts from the government, private sector, UN agencies, think tanks, and other development partners, came together at this week’s kickstarter sessions of the Colombo Development Dialogues on Green Development, held on 12 and 14 October 2021. With over 450 participants joining in virtually, they sought to come to a common understanding of a localised, Sri […]
UNDP introduces Colombo development dialogues on green development
Rapid socio-economic, technological, environmental, and other changes around the world have posed unprecedented challenges to us all. These challenges are especially pertinent against the backdrop of climate change, increased urbanization and widening inequalities, coupled with the ramifications of the COVID-19 outbreak. However, this has also amplified the need for countries to re-align their economic recovery […]
Legal validity of digital signatures highlighted
Digital Signatures have been in use in Sri Lanka since 2009, however, due to the outbreak of the pandemic and travel restrictions, signing documents physically has found to be challenging. Hence, the requirement for digital signatures among many segments of the community has soared in the recent past. In view of raising awareness about Digital […]
Interview: Futureproofing banking sector through digital-first mindset
There is a good reason why digitalisation is a top priority for banking. When done correctly, it enables paradigm shifting improvements in customer experience and accessibility. For the average customer, it means, they are able to utilize the full range of our products and services seamlessly, through the platform of their choice. While prior to […]
First Capital’s ‘Performance First’ culture now certified by great place to work
The ‘Performance First’ work ethic embraced by First Capital Holdings PLC, a Janashakthi Group Company, received industry validation recently as it was certified as a great workplace by the independent analysts at Great Place to Work® in Sri Lanka. First Capital employees engaged in a multi-faceted anonymous survey conducted by Great Place to Work® on […]
ADB to promote SME sector in Sri Lanka
Asian Development Bank (ADB) Director General for South Asia Department Kenichi Yokoyama has assured President Gotabaya Rajapaksa that the ADB will support the promotion of Small and Medium Scale Enterprises (SMEs). The Asian Development Bank (ADB) provided a US 750 million concessional loan last year for projects in Sri Lanka. Yokoyama said that the ADB […]
Daraz celebrates five successful years in Sri Lanka
Five years ago, a small and young team of around 100, were operating under the name of Kaymu.lk, building the foundation for a stable e-commerce platform in Sri Lanka. Recognizing the potential of the operations, Daraz stepped forward to invest on this business, contributing with international level financial and technological prowess. Since its launch in […]
Regulating prices: From price mandates to more competition
Regulating prices: from price mandates to more competition The government recently removed the maximum retail price (MRP) on rice with a decision to import a buffer stock of rice to prevent any shortages. This is an important step in the right direction. Opening up the market for more competition will reduce the market power of […]