All Blogs
Fin Min tells Parliament that Q1 2019 growth will rebound to 3.5-pct
Jun 19, 2019 (LBO) – Sri Lanka’s economic growth has increased to 3.5 percent of gross domestic product in the first quarter of 2019, Finance Minister Mangala Samaraweera told parliament. “Our Government took the real growth to the villages.The economy in the first quarter grew at 3.5 percent against 1.8 percent last quarter of 2018, which […]
Sri Lanka vehicle registrations down in May 2019
Jun 19, 2019 (LBO) – Vehicle registrations across the board slowed except for 2 wheelers, mini and light trucks during the period May 2019, a new report shows with the turmoil in the country during that month significantly contributing. Total motor car registrations recorded 1,816 units in May down from 2,120 units in April and […]
Sri Lanka imports down 11-pct, tourism earnings down 7.5-pct in April; trade gap narrows
Jun 18, 2019 (LBO) – Sri Lanka’s trade deficit further narrowed to 797 million US dollars from 999 million dollars in April 2018, the Central Bank data showed. The considerable reduction in the trade deficit in April was due to the decline in import expenditure by 11 percent and a marginal increase of export earnings […]
Samsung Electronics remains top brand in Asia for eighth consecutive year
Samsung Electronics has been named the best brand in Asia in 2019 for the eighth year in a row, according to results from ‘Asia’s Top 1000 Brands’ annual online survey conducted by Campaign Asia-Pacific in collaboration with Nielsen. The ranking – which aggregates views from across 15 major product categories including automotive, retail, F&B and […]
Rebuild Business Confidence in Sri Lanka, a networking evening organized by CCC
The Power of Interaction Series is a networking evening organized by The Ceylon Chamber of Commerce with the intention of providing its membership an opportunity to interact with Senior Government Officials of a particular sector. The first session for this year, will be on the theme of ‘Rebuilding Business Confidence in Sri Lanka’. The keynote […]
Ritz-Carlton Residence and Hotel Tower reaches 30th floor
Jun 17, 2019 (LBO) – Keeping its promise to its client’s and stakeholders, developers of The Ritz-Carlton Hotel and Residence, Colombo, The One Transworks Square Ltd. announced that the 30th floor of the 80-floor tower is now completed as per the schedule. The ultra-luxury tower standing at 326 m will house the hotel brand ‘The […]
Salary anomalies of five hundred thousand pensioners to be removed from next month
Jun 17, 2019 (LBO) – The proposal made by Finance Minister Mangala Samaraweera in his budget 2019 to remove the pensioners’ salary anomalies will be implemented effective from next month. Accordingly, over 500,000 public servants who retired before December 31,.2015 will be benefited by the removal of this salary anomaly. The monthly salary of the […]
Govt provides sovereign guarantee to RDB Bank to obtain USD 50mn loan from ADB
Jun 15, 2019 (LBO) – Government has facilitated the Pradeshiya Sanwardana Bank, by providing a sovereign guarantee, to obtain a loan amounting to 50 million US dollars from the ADB which is operating islandwide providing financial and advisory services to Micro, small and medium enterprises. The Finance Ministry said the project will increase employment opportunities […]
Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm
Jun 14, 2019 (LBO) – The Board of Investment of Sri Lanka signed an Agreement with Putus Brother’s Sustainable Developments (Private) Limited to build, construct and operate a 15 cabana hotel project in Palatupana, Yala. The total value of the project is US 1.6 million dollars. The project will consist of 43 luxury cabanas in […]
Data on violence against women crucial to understanding magnitude of issue: Report
Jun 14, 2019 (LBO) – One in three female homicides in Sri Lanka are related to intimate partner violence and 69 percent of such incidences go unreported, according to a study done in five provinces commissioned by the United Nations Population Fund (UNFPA). In 2018, the High Commission of Canada to Sri Lanka issued a […]