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Sri Lanka tourist arrivals down 22-pct in October
Nov 07, 2019 (LBO) – The total number of international tourist arrivals to Sri Lanka during October was 118,743 and in comparison to October last year, there is a decline of 22.5 percent when the arrivals were 153,123. This month, the largest source market for tourists was India, followed by China and the United Kingdom. […]
Opinion: Appointment of a new PM – Will the curse of Sirisena hit Gota/Sajith?
November 7, 2019 (LBO) – In less than 10 days time, Sri Lanka will have a new President. It is not an understatement that a vast majority of Sri Lankans can not wait for that day. Each major faction is excited about the prospects for their particular candidate. However, all major factions are for the […]
Sri Lanka’s first state-run consumer Loyalty Card to launch tomorrow
Nov 07, 2019 (LBO) – Sri Lanka’s first state-run FMCG Loyalty Card “Abhimana” will be launched tomorrow. The largest retail supermarket chain in the country, Lanka Sathosa Ltd (LSL) is embarking on this major initiative to expand its customer base while meeting the competition. Lanka Sathosa Limited (LSL) expanded its island-wide branch network to 423 […]
Dialog net profit declined 14-pct in Q3 2019 with non-cash translational forex losses
Nov 07, 2019 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in Mobile, Fixed Line, and Digital Pay TV, declined 14 percent to 1.5 billion rupees from a year earlier in the September quarter, interim accounts showed. The company said the decline in Group Net Profit After Tax is mainly due […]
SriLankan Airlines 1H group loss reduced to USD76mn; plans flights to Sydney
Nov 07, 2019 (LBO) – SriLankan Airlines has made progress in the first half of this year by reducing group loss to 76 million US dollars, a 10 million dollar improvement over the previous year. This was achieved despite an overall decline in Group Revenue of 43 million dollars, 70 percent of which was due […]
Softlogic Finance appoints Aaron Russell-Davison new Chairman
Softlogic Finance PLC one of the country’s leading financial services firms, has formally appointed Aaron Russell-Davison as its new Chairman, effective from 24 October 2019. He succeeds Ashok Pathirage who resigned as Chairman of the Board of the Company after serving the regulatory maximum period of nine years. Mr Russell-Davison brings a wealth of experience […]
US Embassy explains next steps for MCC grant
Nov 06, 2019 (LBO) – With presidential elections approaching, the United States anticipates working toward grant signing and parliamentary approval with the Government of Sri Lanka after November 16, 2019, the US Embassy said. Welcoming the cabinet decision to approve the grant, the embassy explained the next steps for the Millennium Challenge Corporation Development Assistance […]
Sri Lankan spices & other products to benefit from Geographical Indications
Nov 06, 2019 (LBO) – The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Primary Industries and Social Empowerment of Sri Lanka have launched a project aiming to establish a national system for Geographical Indications (GIs). GIs help consumers identify food and other products originating in a particular geographical location, […]
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Nov 06, 2019 (LBO) – Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured debentures of up to LKR1.5 billion an expected National Long-Term Rating of ‘BBB(lka)(EXP)’. The proposed debentures are to mature in three and five years and would carry fixed- and floating-rate coupons. SFL plans to […]
‘s education in the 4IR : IPS
The profound impacts that an emerging fourth industrial revolution (4IR) will have on the future employment landscape underscore the crucial role of education and skills in preparing a workforce that can meet the needs of today’s and tomorrow’s labour markets. Indeed, education is at the heart of preparing present and future generations to succeed in […]