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57-pct of Sri Lankans unwilling to pay higher food bill to protect local industry – Advocata Survey
A survey commissioned by the Advocata Institute in April 2019 revealed that 57% of Sri Lankans were unwilling to pay extra for food, even if it meant that the local agricultural industry would be protected. This survey covered 855 respondents in 18 districts within 8 provinces in Sri Lanka. The demographic variables considered were age, […]
VIDEO: Google and Amazon are now in the oil business
Google, Microsoft, and Amazon are teaming up with big oil to squeeze more oil and gas out of the ground using machine learning technology.
Business suspension of Perpetual Treasuries extended
Jan 06, 2020 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a primary dealer for a period of six months. The extension came with effect from yesterday in order to continue the investigations […]
VIDEO: Why capitalism needs to be reset in 2020
The FT’s Gillian Tett, Katie Martin and Andrew Hill outline the case for reinventing and reforming the model of free enterprise capitalism to deliver more profit with purpose and examine where opportunities for this change might lie in the year ahead.
Business as usual isn’t the future of Ecommerce
Ecommerce is an ever-expanding world and there are many contradictory articles online regarding the future of Ecommerce. Whilst many discuss the proliferation of Ecommerce, there are a few articles predicting its death, in 2018 Harvard Business Review for example said” no industry is failing faster than retail”. The rise of global consumers with escalating purchasing […]
Opposition demands Speaker to release forensic audit report on bond scam
Jan 03, 2020 (LBO) – Sri Lanka’s new opposition led by the United National Party on Friday demanded the Speaker Karu Jayasuriya to release the forensic audit report on the bond scam. Parliamentarians Harsha de Silva, Ravi Karunanayake, Ajith P Perera, and Lakshman Senewiratne urged the Speaker to table the document in the House without […]
We never allow others to take over our economically significant resources: President
Jan 03, 2020 (LBO) – President Gotabaya Rajapaksa says that he will never allow other countries to take over Sri Lanka’s economically significant geographic regions or physical resources. Addressing the Parliament at the ceremonial sitting, he reminded that the country’s unique position has resulted in considerable attention being given towards Sri Lanka in global geopolitics […]
Richard Quest to feature Sri Lanka on CNN Business Traveller program
Jan 03, 2020 (LBO) – Global media icon Richard Quest will feature Sri Lanka and its recovery efforts post-Easter Sunday terror attacks on the latest edition of the CNN Business Traveller program. This program will be premiered on January 8, 2020, at 1230 pm Eastern Time Zone which will also uncover about SriLankan Airlines. As […]
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) – Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, a new report showed. Packeted tea has shown a growth YOY, whilst bulk tea has remained static, Forbes and Walker Tea Brokers said in their monthly report. […]
New inclusions & exclusions of MBSL MIDCAP Index 2020 announced
Jan 02, 2020 (LBO) – New inclusions and exclusions of the MBSL MIDCAP Index 2020 have been announced. Accordingly, HNB Assurance, Sanasa Development Bank, Union Assurance, Commercial Bank, Dunamis Capital, Expolanka Holdings, Odel, Singer (Sri Lanka), Access Engineering and Ril Property have been excluded from the index. Seylan Bank, Pan Asia Banking Corp, First Capital […]