Author: LBO Admin
SriLankan strengthens presence in US, Europe via Qatar Airways codeshare
Feb 07, 2020 (LBO) – SriLankan Airlines is strengthening its presence in the US and European markets through the expansion of its existing codeshare agreement with Qatar Airways, with additional connections to serve various cities in these regions. With effect from 08 February 2020, SriLankan will codeshare on Qatar Airways operated flights between Doha and […]
Opinion: Measuring poverty within Sri Lanka’s new reality as upper-middle-income country
Wimal Nanayakkara Sri Lanka achieved ‘Upper Middle Income Country’ (UMIC) status in July 2019, as the country’s Gross National Income (GNI) increased from USD 3,840 per capita in 2018 to USD 4,060 per capita in 2019. World Bank’s (WB) new threshold for UMICs is USD 3,996 – USD 12,375 GNI per capita. Sri Lanka scraped […]
PUCSL asks CEB for explanation regarding recent power outages
Feb 07, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator is seeking an investigation report on the recent power outage from Ceylon Electricity Board (CEB), a statement said. Issuing a statement the PUCSL has asked the CEB to submit the said report on or before 12th February 2020. Sri Lanka […]
Outlook 2020 Forum to feature interactive panel discussion
The Chamber Academy will host the Ceylon Chamber’s annual Economic Outlook forum for 2020 on 10 February. The event serves as a good opportunity for the private sector to understand the new policy direction of the government and witness the new Governor of the Central Bank of Sri Lanka, Deshamanya Professor W.D. Lakshman address the […]
Sri Lanka gifts a consignment of Ceylon Black Tea to China
Feb 06, 2020 (LBO) – President Gotabaya Rajapaksa on Thursday gifted a consignment of world-renowned Ceylon Black Tea to the Chinese Ambassador Cheng Xueyuan to be sent to those affected by the Coronavirus. Ambassador Xueyuan on behalf of President Xi Jinping and the Government of the People’s Republic of China has thanked Sri Lanka for […]
Recruitment process for unemployed graduates & diploma holders begins
DOWNLOAD APPLICATION: English | Sinhala | Tamil The Programme to provide jobs for all unemployed graduates and diploma holders has commenced. The objective of this programme is to create a situation in which all young people have the opportunity to contribute to the sustainable development process on a credible and rational basis to create a […]
Ready to build Sri Lanka without blaming the past: President
Feb 06, 2020 (LBO) – President Gotabaya Rajapaksa says that his government will work with a commitment to save the country from the present chaotic situation without pointing fingers at the past for prevailing problems. He said that he accepted the challenge of rebuilding the country with a clear understanding of that the economy had […]
Teejay posts 9-month PBT of Rs2.4bn on sales of Rs26.3bn
Teejay Lanka PLC has reported profit before tax of Rs 2.364 billion at Group level for the nine months ending 31st December 2019, an improvement of 56% over the corresponding period of the previous year. Sales for the period grew by 15% to Rs 26.3 billion the Company said, with revenue for the 3rd quarter […]
Ceylon Dollar Bond Fund delivers 10.3-pct dollar return in 2019
Feb 06, 2020 (LBO) – The Ceylon Dollar Bond Fund that invests exclusively in the Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs reported a strong US$ performance of 10.3 percent in 2019 to investors. The January 2020 performance was 1.03 percent (annualised 12.18%) while the fund size reached 23 million US dollars […]
My uncle in law married to Ranil Wickremesinghe’s father’s sister: Cabraal
Feb 06, 2020 (LBO) – Former Governor of the Central Bank and current Senior Economic Advisor to the Prime Minister, Ajith Nivard Cabraal yesterday revealed the relationship he has with Former Prime Minister Ranil Wickremesinghe. Former Governor Cabraal, while holding office from July 2006 to February 2015, had several of his close relatives appointed to […]
Mobitel & Thuru’s reforestation project shortlisted at GSMA Global Mobile Awards 2020
Mobitel and Thuru’s joint project – ‘Reforestation through Technology’ – has been shortlisted for the ‘Best Mobile Innovation for Climate Action award’ at GSMA Global Mobile Awards 2020, popularly known as the GLOMO Awards, scheduled to be held in Barcelona in February 2020, where winners will be announced. This recognition is yet another feather in the cap […]
Opinion: Post-independence reflections, the gaps in our freedoms
By Erandi de Silva Seventy two years ago, Sri Lanka gained independence from the shackles of British rule. This meant the autonomy to govern our people, the freedom to create and maintain our institutions and the ability to carve our own political narrative. Beyond political liberty, independence also restored our control over land, resources, and […]