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Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct
May 07, 2019 (LBO) – Sri Lanka’s tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show. However, a growth of 2.2 percent was shown in the 1st quarter compared to 2018. The total number of international tourist arrivals to Sri Lanka during April 2019 was 166,975.In comparison to April […]
PwC supports next generation of family businesses via NextGen 2019
During a period of extraordinary transformation, how can the next generation of family businesses play a role in tackling digital disruption and rapid globalization while preserving the values of business?The PricewaterhouseCoopers NextGen offerings have been designed to support next-generation members of successful family businesses across the globe as they acquire knowledge, confidence and leadership skills […]
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its distribution centers and freeport to support day-to-day operations. Through this move to automate repetitive processes across its portfolio, the country’s most dynamic supply chain […]
‘s ordinary technology, US politicians exaggerated its role: Huawei
May 06, 2019 (LBO) – Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, whilst United States politicians have exaggerated its role, only to call people’s attention to the 5G technology. “There is basically no Huawei equipment in the US networks. If networks are […]
Proposed counter terrorism law, a comprehensive relief package for terrorists: MR
May 05, 2019 (LBO) – Sri Lanka’s proposed counter-terrorism law is, in fact, a comprehensive relief package for terrorists, the Opposition Leader Mahinda Rajapaksa said.Releasing a statement to the media, the ex-President said if the proposed Counter-Terrorism Bill is passed into law, it will seriously hamper ongoing efforts to suppress terrorism following the Easter Sunday […]
‘s rupee weak as foreigners exit bonds after Easter Sunday terror
May 5, 2019 (LBO) – Money has started to flee Sri Lanka’s bond markets in the aftermath of the devastating ISIS inspired Easter Sunday terrorist attacks. A net of close to US$20mn has exited from Sri Lanka’s government bond market in the past week. Before the attacks, Sri Lanka was starting to see more positive […]
‘s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka’s private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port tariffs.In a joint statement, the private sector representatives involved in the import-export business said the opposition to the tariff hike is based on several reasons. “Amongst them is the […]
UK Security and Economic Crime Minister visits Sri Lanka
The UK Minister for Security and Economic Crime, Ben Wallace, is returning from Sri Lanka following a two-day visit. The Minister, who arrived on Thursday 2 May, visited to reiterate the UK’s condolences following the attack on Easter Sunday which killed at least 250 people, including at least 8 British nationals. As part of his […]
Prime Minister urges business community to place their trust in government
May 03, 2019 (LBO) – Prime Minister Ranil Wickremesinghe urges the business community to place their trust in the government and says steps have been taken to resolve the current situation as early as possible and ensure the smooth flow of economic activity. A delegation of the Ceylon Chamber of Commerce led by Chairman Rajendra Theagarajah […]
Seylan Bank reports 11-pct year on year growth in 1Q 2019
May 03, 2019 (LBO) – Seylan Bank has made a steady start in 2019 by posting a Profit after Tax of 903 million rupees in the first quarter, up 11.10 percent from a year earlier, its interim accounts showed. Profits attributable to the equity holders of the Seylan Bank group rose 8.14 percent to 817 […]