Author: LBO
Sri Lanka’s inflation nudged up to double digit levels in August
Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy.Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy. The Central Bank said […]
Sri Lanka’s leading business chamber urges upward revisions to local fuel prices.
Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates.Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates. The Ceylon Chamber of Commerce met on Thursday to discuss the impacts of increasing international oil prices on […]
Shopper’s Dream
Standard Chartered Bank is offering zero interest rate instalment schemes on purchases made on its credit cards.“People usually have about two or three cards in their wallet, but we want to be the preferred card, when it comes to purchasing things as there is a lot of value addition,” says Vishnu Mohan, CEO Standard Chartered […]
Sri Lanka Telecom hires Fitch and Standards & Poor’s for an international rating
Triple A rated Sri Lanka Telecom has signed up for a rating with two top international agencies, Fitch Ratings of USA and Standards & Poor’s as it embarks on an overseas roadshow for its upcoming debt issue next month. Triple A rated Sri Lanka Telecom has signed up for a rating with two top international […]
CBK says she is ready to discuss LTTE’s ISGA proposal
Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had rejected the controversial guerrilla blueprint for peace Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had […]
The WTO’s July package and its promises to developing countries.
The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. On Sunday, for the first time, all 147 countries in the WTO agreed […]
Top regional ad agency Batey’s rolls out an international PR campaign as part of the Tourist Board’s plan to actively market Sri Lanka
Top regional ad agency Batey’s has launched an international PR campaign as part of the Tourist Board’s plan to actively market Sri Lanka. Top regional ad agency Batey’s has launched an international PR campaign as part of the Tourist Board’s plan to actively market Sri Lanka. Batey’s is doing the PR campaign, part of a […]
Central Bank comes out with a new ‘Sri Lanka Heritage’ series currency notes
The Central Bank is coming out with a fresh batch of new currency notes called “Sri Lanka Heritage Series.” The Central Bank is coming out with a fresh batch of new currency notes called “Sri Lanka Heritage Series.” The new series will cover all denominations – Rs. 1,000, Rs. 500, Rs. 50, Rs. 10 – […]
ATM’s and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency
Automated teller machines and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency.Automated teller machines and tourists in the airport have to make do with dirty currency notes, while the Central Bank tries to overcome an issue with currency. Banks who […]
Captain’s Pick
Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I.Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. […]
Jetwing Group takesover Trinco’s Welcombe Hotel management for a short stint
The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Jetwing Group, has taken over the management of ‘The Welcombe Hotel’ in Trincomalee, infusing its own brand of leisure expertise over a two-year period. The Welcombe (named after the […]
The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’.
The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. Sprawled over 23 acre patch of jungle with a beach frontage on the […]