Author: lbostgadmin
Teejay Lanka’s PAT Rs.508Mn; Up 3-pct
May 09, 2018 (LBO) – Teejay Lanka PLC has reported a profit after tax for the March quarter of 508.4 million rupees, an increase of 3 percent principally due to a 93 percent increase in income tax which resulted in a deferred tax asset of 97.6 million rupees asa one-off gain in the fourth quarter […]
Sri Lanka tourist arrivals up 12.6-pct in April 2018
May 08, 2018 (LBO) – Sri Lanka tourist arrivals increased 12.6 percent in April this year against last year with the largest source market for tourists becoming India, followed by United Kingdom and China. The total number of international tourist arrivals to Sri Lanka during April 2018 was 180,429. In comparison to April last year, […]
Sri Lanka Fin Min addresses ADB annual sessions in Manila
Statement made by Hon. MangalaSamaraweera, Minister of Finance and Media of Sri Lanka at the Business Session of the Asian Development Bank’s 51st Annual Session in Manila 2018 Hon. Carlos G. Dominguwz, Chairman of the ADB Board of Governors, Hon. TakehikoNakao, Presidentof the ADB, Distinguished Governors, Ladies and Gentlemen, I thank you for giving me […]
Sri Lanka should continue digitization of services to capture millennial tourists :JLL
May 08, 2018 (LBO) – Real estate consultancy Jones Lang La Salle (JLL) says the strong surge in tourist arrivals and earnings, which could be further enhanced by steps to ensure a transparent regulatory framework and improvements in soft infrastructure.Noting that two of Sri Lanka’s largest tourist markets, India and China, will account for 25 […]
President to continue in politics beyond 2020
May 08, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says that he will not retire in 2020, instead of it he will continuously fulfill his respective duties towards the country through a new process. The President said that he will use the experiences he gained through the past three years in this regard and […]
Sri Lanka Ports Authority posts 15.3-pct growth in 1Q 2018
May 07, 2018 (LBO) – Sri Lanka Ports Authority has recorded a total growth of 15.3 percent in terms of profits for the first quarter of 2018 with Colombo Port alone posting a 16.2 percent growth. In 2017, Sri Lanka Ports Authority (SLPA) posted 45.6 billion rupees as revenue and a net profit after tax […]
Tourism industry welcomes directive to demolish Illegal structures in coastal areas
The tourism industry has welcomed the directive issued by President Maithripala Sirisena to demolish unauthorized structures in Mirissa and other areas. Minister of Tourism Development and Christian Religious Affairs, John Amaratunga said the President’s unwavering stance on the matter has sent a clear signal to those flouting the law to fall in line. “I salute […]
MRP increase only applicable to milk powders manufacture after May 5
Following a decision of the Cost of Living Committee dated May 1, 2018 to allow increasing of the Maximum Retail Prices (MRP) of milk powder by Rs 20.00 (for 400 grams) and Rs 50.00 (for one Kg), it has now been decided to allow for such an increase in the local market effective midnight of […]
Finance Minister holds discussion with ADB to expedite projects in Sri Lanka
May 04, 2018 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions with In-Chang Song, an Executive Director of ADB at their headquarters today. The ADB program in Sri Lanka has provided loans, grants and technical assistance to grow the country’s economy […]
Eminent radiation oncology expert in Sri Lanka 8-12 May
(PRESS RELEASE) – An eminent international expert in radiological physics in the treatment of cancer will be in Sri Lanka from 8th to 12th May to conduct training on Stereotactic Body Radiation Therapy (SBRT) for local Consultant Oncologists and healthcare professionals at the invitation of Ceylinco Healthcare Services Limited (CHSL). The visit of Dr Cheng […]
BCS Sri Lanka section appoints new Executive Committee for 2017/18
(PRESS RELEASE) – The BCS, the Chartered Institute for IT Sri Lanka section (BCSSL) announced the appointment of a new Executive Committee for 2017/2018 at the Annual General Meeting held recently. During the Annual General Meeting, Ruwan Amarasekara (CIO – Lankan Hospitals) was re-elected as the Chairman, Vajeendra S Kandegamage (Director/ CEO – iPropylea Pvt […]
Harry J says Distilleries profits up 134-pct in 4Q17-18 after adjustments
May 04, 2018 (LBO) – Sri Lankan business magnate Harry Jayawardena in his statement to the shareholders of Distilleries said net profit after tax for the forth quarter of 2017/18 is an increase of 134 percent. Jayawardena said NPAT for the last quarter was 1,902 million rupees compared to the 811.9 million rupees reported in […]