Author: lbostgadmin
UN rights expert to visit Sri Lanka to assess situation of minorities
The United Nations Special Rapporteur on minority issues, Rita Izsák-Ndiaye, will carry out an official visit to Sri Lanka from 10 to 20 October 2016 to assess the current situation of national or ethnic, religious and linguistic minorities in the country. “Experience has shown that the recognition and promotion of minority rights are critical, if […]
CEB to borrow USD150mn from ADB with treasury guarantee
Oct 05, 2016 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board is to borrow 150 million US dollars from ADB through a treasury guarantee for the implementation of the green power development and energy improvement investment project. The programme is to broaden electricity transmission infrastructure, increase efficiency of the medium voltage network, implement demand based […]
SriLankan Airlines says loss reduced, six A320s on the way
Oct 05, 2016 (LBO) – SriLankan Airlines said in the financial year ending 31st March 2016, the airline recorded a reduced loss of 9.03 billion rupees, which represents a 45 percent improvement compared to the previous year. “At the end of the last financial year, without the ‘one-off’ payment relating to cancellation of the lease […]
SriLankan to lose USD47mn during BIA runway repair
Oct 05, 2016 (LBO) – SriLankan Airlines said that they would incur a revenue loss of 47 million US dollars due to the closure of Colombo’s Bandaranaike International Airport in 2017. “The first 3-4 months of next year would be tough for us as we will be cancelling close to 200 flights,” Capt. Suren Ratwatte, chief executive […]
Sri Lankan rupee edges down on importer dollar demand
Oct 05, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday on mild importer dollar demand amid market expectation that the currency will remain under downward pressure ahead of the festival season, dealers said. The spot rupee was at 146.80/85 per dollar at 0732 GMT, compared with Tuesday’s close of 146.70/75. “The importer […]
PTL Watch: Bond yields tick higher on low volumes
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SriLankan Airlines adds new routes Jakarta, Gan Island
Oct 05, 2016 (LBO) – SriLankan airlines said in a bid to boost regional routes and higher profits it will add Jakarta in Indonesia and Gan Island in Maldives to its destinations from end of October 2016. “Gan, in the Maldives, will be the first such new destination, and SriLankan will be the only international […]
Sri Lanka tourist arrivals grow 3.6 pct in September
Oct 05, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 3.6 percent in September to 148,499 visitors compared with the same month last year, official data showed, a slower rate of growth compared to previous months. Arrivals during the first nine months of the year were up 14.6 percent to 1,508,405 visitors. China continued […]
Sri Lanka’s growth will be below average for South Asia: World Bank
Oct 05, 2016 (LBO) – Sri Lanka’s growth will be below average for South Asia which the World Bank expects to grow by 7.1 percent this year and 7.3 percent in 2017. According to the World Bank’s twice-a-year South Asia Economic Focus released yesterday, Sri Lanka is among the slowest growing economies in South Asia. […]
UNDP signs Rs20 mln biogas agreement with Kaduwela MC
Oct 04, 2016 (LBO) – The United Nation Development Programme (UNDP) entered into its first government co-financed project with the Kaduwela Municipal Council to effectively manage solid waste in the area to generate bio gas energy. “The 20 million rupees agreement signed today between UNDP and the Kaduwela Municipal Council will scale-up this initiative to […]
The RIU investor roadshow London 2016 kick-off
(PRESS RELEASE) – The RIU Investor roadshow in London 2016 kicked off on Saturday at the Sri Lankan Medical and Dental Association Dinner dance which was held at the Radisson Edwardian hotel in West London. The occasion was graced by over 300 doctors, dentists and professionals from the medical association residing in the UK. As […]
Sri Lanka’s John Keells Holdings gets Dialog’s Hans on board
Oct 04, 2016 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings said Dialog Group Chief Executive Hans Wijayasuriya has been appointed to their board with effect from today. The company said Wijayasuriya who has been appointed as an independent non-executive director, does not have a relevant interest in the shares of the company as […]