Author: lbostgadmin
Sri Lanka to exempt foreign owned insurers from listing
June 20, 2013 (LBO) – Sri Lanka will exempt foreign owned insurers from a compulsory requirement to list on the stock exchange, according to a proposal approved by the cabinet of ministers.Sri Lanka’s insurance law now requires all insurers to list by February 11, 2016 and insurers registered with the Insurance Board of Sri Lanka […]
Sri Lankan Airlines sign up 4 A350XWBs and A330s
June 20, 2013 (LBO) – Sri Lankan Airlines had signed a deal with Airbus to buy four A350-900 and six A330-300 aircraft, powered by Rolls Royce engines in the first phase of replacing its aging long haul fleet. “The winning combination of A330s and A350 XWB will allow SriLankan Airlines to offer the highest levels […]
More Sri Lankans looking to book domestic holidays online: survey
June 20, 2013 (LBO) – About 23 percent of domestic holidaymakers in Sri Lanka are booking hotels online and up to 85 percent were considering internet booking for their next holiday, according to survey on travel planning.BQu Services, an online marketing and research firm that conducted the survey said 85 percent of holidaymakers said they […]
Maldives Eon Resorts to build US$170mn hotel in Sri Lanka
June 20, 2013 (LBO) – EoN Resorts (Pvt) Ltd, a Maldives-based resorts developer has applied to build a 170 million US dollar luxury hotel in Sri Lanka’s capital Colombo, the state information office said. It will also have a 150,000 square feet shopping mall and a 2000 square feet food court. The cabinet of ministers […]
Sri Lanka stocks close flat
June 20, 2013 (LBO) – Sri Lanka’s stocks closed barely changed Thursday with the market showing marginal gains, helped by foreign buying in to a index heavy stock, brokers said. The benchmark Colombo All Share Index closed 02.21 points higher at 6,211.44, a 0.04 percent gain and the S&P SL 20 Index closed 03.54 points […]
‘s Jayawardene
CARDIFF, June 19, 2013 (AFP) – Sri Lanka’s Mahela Jayawardene is under no illusions about the scale of the task confronting his side when they face India in a Champions Trophy semi-final in Cardiff on Thursday.The latest high-profile one-day international contest between the teams is a repeat of the 2011 World Cup final in Mumbai. […]
SriLankan Airlines starts mobile check-in
June 19, 2013 (LBO) – State-run SriLankan Airlines said it is offering mobile check-in and access to its loyalty program and other services for customers with smartphones.A mobile application developed with Virtusa Corporation, a software firm, allows passengers to select their seats and check up to two hours before departure. “Customers are increasingly accepting high-tech […]
Innovative Education
June 19, 2013 (LBO) – Sri Lanka’s fee-levying higher education institutes are drawing on technology and cost management strategies to make services affordable to students and maintain quality, officials said.Overseas education is very expensive for students and parents and it is not affordable to many. Affiliated colleges with a local partner are more affordable. UK’s […]
Sri Lanka former war-zone agri produce on show
June 19, 2013 (LBO) – Farmers in Sri Lanka’s former war zones in the North and East are cultivating more land but need modern technology to improve yields, officials who are organizing a trade show to link them to buyers said.Under tariff protection, where prices are higher than the rest of the world, there is […]
‘s Treasuries yields flat
June 19, 2013 (LBO) – Sri Lanka’s Treasuries yields were kept flat at Wednesday’s auction with 10.75 billion rupees in bid accepted after offering 12.0 billion for rollover, data from the state debt office showed.The spot US dollar was trading at 128.50/55 in afternoon trade Wednesday, dealers said around the same levels at Tuesday’s closing […]
Sri Lanka economy grows 6.0-pct in 2013 first quarter
June 18, 2013 (LBO) – Sri Lanka’s gross domestic product grew 6.0 percent in the first quarter of 2013 from a year earlier, slowing from 8.0 percent last year and 6.3 percent in the fourth quarter of 2012, the state statistics office said. In services, wholesale and retail trade grew just 1.0 percent with import […]
Sri Lanka needs a stronger entrepreneurial culture: academics
June 18, 2017 (LBO) – A tendency to look to the government for solutions as well as practical constraints like high interest rates and lack of business skills like marketing, academics who are helping improving management skills in the country said. “When you give so many subsidies people or businesses they start depending on the […]