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DIMO walks Sri Lankan fashion industry to international ramps
Young Sri Lankan Fashion Star, Amesh Wijesekara has reached the international ramps of Mercedes-Benz Fashion Week Berlin, after his breakthrough appearance on the Mercedes-Benz Fashion Week (MBFW) Sri Lanka. Mercedes-Benz Fashion Runways in Sri Lanka is organized annually by the affiliation of two powerful corporates in their respective fields; Diesel & Motor Engineering PLC (DIMO) […]
An insight into Sri Lanka’s economic behaviour: NTB
Jan 28, 2019 (LBO) – Elaborating on the ‘Insight into Sri Lanka’s Economic Behaviour’, executive vice president – treasury and investment banking at Nations Trust Bank, Indrajith Boyagoda shares his views on Sri Lanka’s current economic circumstances and the role of banking in this environment. “It is of significant importance that, the global economy is […]
Sri Lanka Govt introduces more loans for 3-wheel owners and migrant workers
Jan 28, 2019 (LBO) – The Finance Ministry under the Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen the schemes enabling the stake holders to move towards next generation economic activities in their areas of activities. Accordingly migrant workers will be given up to 10 million rupees concessionary housing loans […]
Sri Lanka vehicle registration down in Dec 2018
Jan 28, 2018 (LBO) – Sri Lanka’s vehicle registrations across all categories showed a slowdown in December 2018, a new research report said. “Across all categories there has been a slowdown in registrations in December,” data compiled by JB Securities, an equities research firm report shows. ” This is as a result of the measures […]
Sri Lanka expects to make certain amendments to Singapore FTA: President
Jan 25, 2019 (LBO) – Sri Lanka’s President has discussed with the Prime Minister of Singapore that the Sri Lankan side is expecting to make certain amendments to the Free Trade Agreement signed between the two countries. President Maithripala Sirisena who is on a two-day official visit to Singapore held bilateral discussions with Prime Minister […]
Sri Lanka’s USD200mn development bond issue undersubscribed
Jan 25, 2019 (LBO) – The issue of Sri Lanka development bonds amounting to 200 million US dollars have been undersubscribed with only 182 million dollars of bids received from investors. [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2019/01/Press-Release-25.01.2019-E.pdf” title=”Press Release 25.01.2019 (E)”]
Plantation companies agree to increase basic wage of plantation workers to Rs700
Jan 25, 2019 (LBO) – Sri Lankan Plantation Companies and trade unions have agreed to increase the daily basic wage of plantation workers to 700 rupees with an additional 50 rupees under the Price Share Supplement (PSS). Further, 100 million rupees will also be allocated to the Plantation Companies out of the funds of Tea […]
Coast Conservation Department joins Single Window Investment Facilitation
The Board of Investment of Sri Lanka signed a Memorandum of Understanding with the Coast Conservation & Coastal Resources Management Department. The MOU was signed on behalf of the BOI by Mrs. Champika Malalgoda, Director General of the BOI and by Mr. B K Prabath Chandrakeerthi, Director General of the Coast Conservation & Coastal Resources […]
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos’ growth prospects amidst rising competition, the investment case for 5G, regulatory pressures, and the implications of these factors, Fitch’s Ratings said.Fitch has published a compendium of key questions received from investors and our views on each issue, following investor […]
Opinion: Why it’s important that Facebook remain free
By Mark Zuckerberg Next month, Facebook turns 15. When I started Facebook, I wasn’t trying to build a global company. Back then, I realized you could find almost anything on the internet — music, books, information — except for the thing that matters most: people. So I built a service that people could use to connect […]