Tag: lbo.lk
Sri Lanka to host UN World Tourism Organization Conference in June
Mar 03, 2020 (LBO) – The 32nd joint meeting of UN World Tourism Organization’s Commission for East Asia and the Pacific and the UNWTO Commission for South Asia will be hosted by Sri Lanka from 29th June to 01st July 2020 in Colombo. The Sri Lanka Tourism Development Authority is currently in the process of […]
Sri Lanka Finance companies face added regulatory pressure
Mar 03, 2020 (LBO) – Sri Lanka’s finance and leasing sector will face added pressure for consolidation as deadlines for the implementation of tougher capitalisation requirements approach in 2021, says Fitch Ratings. We view further consolidation of the sector as positive for financial sector stability in Sri Lanka, but the process could be impeded by […]
Sanjaya Mohottala assumes duties as DG, BOI
Sanjaya Mohottala yesterday assumed duties as the new Director General of the Board of Investment of Sri Lanka. Mohottala was a Managing Director and Partner at the Boston Consulting Group.He was responsible for corporate development, principal investors and private equity practices and led the Transport and Logistics practice across Asia-Pacific.He holds a BSc. from Moratuwa […]
Easter Sunday attacks: Second interim report handed over to President
Mar 03, 2020 (LBO) – The second interim report of the Presidential Commission of Inquiry appointed to probe Easter Sunday attacks was handed over to President Gotabaya Rajapaksa at the Presidential Secretariat, Monday. The first interim report was handed over on December 20th, 2019. The Commission was appointed by the former President Maithripala Sirisena on […]
Parliament dissolved: General elections on Apr 25th
Mar 03, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa dissolved Parliament last night calling for a General Election is to be held on April 25, 2020. The new Parliament is to meet on May 14 with nominations to be called between 12 and 19 March 2020. The Gazette notification was issued by the President […]
Opinion: Why we drink our own champagne
By Sal Laher, chief digital & information officer, IFS Both service providers as well as their customers rely on technology to help their operations and business growth. Technology can be used to break down regional barriers, and to enhance the ability to operate as one global team. Many service providers have acknowledged the need to […]
Japan further strengthens Sri Lanka coast guard`s oil spill combat expertise
An expert team of five Japan Coast Guard (JCG) officials including two National Strike Team members specialized for combatting oil spill incidents and two Mobile Cooperation Team members specialized for the capacity development in Japan was dispatched to Sri Lanka for the period from 18 February to 27 February to conduct technical transfers to Sri […]
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) – Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the SEC for 13 years has been removed from the post with immediate effect. The decision to remove Wijegunawardane was by the Commissioners of the SEC SEC Director Litigation Chinthaka Mendis has […]
Uber announces new safety features for Sri Lanka
Feb 28, 2020 (LBO) – Uber announced the introduction of several new safety features such as an Uber Safety Helpline, RideCheck – a feature that detects trip irregularities – and Pin Verification to keep its community of riders and drivers safer. The new features, which will be available in a few weeks, underscore Uber’s continued […]
UN rights chief regrets Sri Lanka withdrawal from resolution
Feb 28, 2020 (LBO) – The United Nations’ human rights chief expressed regret on Sri Lankan government’s decision to withdraw its co-sponsorship of a 2015 resolution backing an investigation into alleged human rights violations during the island’s civil war, Thursday. Michelle Bachelet addresssing the U.N. Human Rights Council sessions in Geneva said that the decision […]
Simplified payment solution for SMEs in Sri Lanka : Seylan Bank
Interview with Chaminda Senewiratne, head of digital banking, Seylan Bank ……. Could you briefly explain what “Seylan merchant portal” is? “Seylan merchant portal” is a Seylan Bank developed easy plug and play online payment gateway for small and mid-level business owners. The portal allows merchants to collect online payments through their website allowing them to […]
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) – HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT and remains the best capitalized bank in the sector. HNB Chairman Dinesh Weerakkody stated that “the year that preceded us has been extremely challenging with […]