Utilizing recyclable PET plastic waste: Towards a circular economy
By Dr. Anush Amarasinghe “Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness …
Industry
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Central Bank expects payment receipt facility for SL from payment providers like PayPal
Jan 04, 2021 (LBO) – Sri Lanka's Central Bank has already commenced discussions with international payment service providers, such as PayPal, to enable …
ACL Cables showcases strong financial position; achieves (SL) A+ credit rating
ACL Cables PLC, the No.1 cable company in Sri Lanka has once again showcased its strong financial position and brand equity achieving (SL) A+ stable credit …
Sri Lanka Telecom & Mobitel join forces making history in national connectivity
Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a …
ComBank launches Sri Lanka’s first ‘WhatsApp Banking’ facility
A simple “Hi” is all it now takes to access services at the Commercial Bank of Ceylon. Demonstrating its innovative use of new-age communications, the …
Commercial Bank launches CBC Finance as successor to Serendib Finance
Dec 31, 2020 (LBO) – The Commercial Bank of Ceylon has announced the launch of CBC Finance Ltd., the Bank’s fully-owned Licenced Non-bank Finance …
UK approves easy-to-handle Oxford vaccine for COVID
Dec 30, 2020 (LBO) – The United Kingdom has authorised the use of a second COVID-19 vaccine, becoming the first country to approve of an easy-to-handle shot …
16 SL companies excel at SAFA best presented Annual Report Awards
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) hosted the 24th SAFA Best Presented Annual Reports (BPA) Awards Ceremony in Colombo last …
ICRA Lanka re-affirms ratings of Janashakthi PLC
ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB- (pronounced SL triple B minus) with Negative outlook for Janashakthi PLC (JPLC or the company). …
Lanka Sathosa manages to cut down its annual losses by around 60-pct during 2020
Dec 30, 2020 (LBO) – Lanka Sathosa Limited, the country’s largest retail network business, registered a profit of around Rs.100 million for the month of …
Cinemas in Sri Lanka to reopen under strict safety guidelines
Dec 28, 2020 (LBO) – Prime Minister Mahinda Rajapaksa has advised reopening cinemas in compliance with strict COVID-19 safety guidelines. The Film Industry …
APPRECIATION DION JAYASURIYA
I was overcome with grief when the passing away of my dear friend Dion was conveyed to me by phone on the morning of 18th December 2020. Death is …
RPCs submit new proposal aimed at transforming earnings in Plantation sector
Dec 23, 2020 (LBO) - Taking a cue from the success of the smallholder sector, Sri Lanka’s Regional Plantation Companies (RPCs) handed over fresh proposals …
What the Diaspora can do for Sri Lanka: Chris Ponnadurai, Jetwing Jaffna’s founding General Manager
By Jekhan Aruliah An appreciation on the retirement of a man who fled Sri Lanka’s communal riots in 1984 to settle in Australia, and returned three decades …
SL to re-introduce conditional repatriation in the wake of new strain of Coronavirus
Dec 22, 2020 (LBO) – In the wake of the discovery of a fast spreading new strain of Coronavirus in certain countries, the Government has decided to continue …
Asia Capital to buy 70-pct stake of Navara Capital Partners to re-enter stock broking business
Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company has …
Arrival of passengers from UK suspended with effect from today
Dec 22, 2020 (LBO) – President Gotabaya Rajapaksa today (22) decided to suspend the arrival of passengers from the United Kingdom with effect from today due …
Does Sri Lanka need a regulator for utility industry
Former Chairman of PUCSL, Attorney at Law, Saliya Mathew writes Being a utility regulator has perils because the independence of the regulator necessarily …
Power mafia is conspiring to shut down PUCSL: National Coalition for Protection of Civil Rights
Dec 21, 2020 (LBO) – Electricity Mafia is conspiring to shut down the Public Utilities Commission of Sri Lanka as the Commission will not approve illegal …
Spectrify AI to launch agri-tech revolution in Sri Lanka
Spectrify AI, a part of VeracityAI Sri Lanka’s fastest going AI company announced the launch of a new suite of solutions specifically designed to radically …