Category: Featured
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Nov 06, 2019 (LBO) – Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured debentures of up to LKR1.5 billion an expected National Long-Term Rating of ‘BBB(lka)(EXP)’. The proposed debentures are to mature in three and five years and would carry fixed- and floating-rate coupons. SFL plans to […]
‘s education in the 4IR : IPS
The profound impacts that an emerging fourth industrial revolution (4IR) will have on the future employment landscape underscore the crucial role of education and skills in preparing a workforce that can meet the needs of today’s and tomorrow’s labour markets. Indeed, education is at the heart of preparing present and future generations to succeed in […]
Sri Lanka economy to grow 3.5-pct in 2020: Central Bank
Nov 05, 2019 (LBO) – The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. “The growth is expected to be broad-based and positively contributed by all major economic activities,” it says. “Further, investor confidence, which was adversely affected by domestic uncertainties, […]
Sri Lanka FDI down in first half of 2019: Dips in service and infrastructure sectors
Nov 05, 2019 (LBO) – The Central Bank says that Foreign Direct Investment (FDI) including loans to projects approved by the Board of Investment (BOI), decreased by 61.3 percent during the first half of 2019 compared with the same period last year. The island received US 553.2 million dollars in the first six months of […]
ComBank receives best bank award from Global Finance
The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the 26th Annual Best Bank Awards Ceremony held at the National Press Club in Washington, DC on the sidelines of the annual meetings of the IMF and World Bank. The Bank’s […]
Opinion: Are we finally done taxing Aunty Flo?
By Nishtha Chadha One of the most talked about election promises this week has been Sajith Premadasa’s promise to distribute free sanitary hygiene products. Labelling himself as a #padman, Premadasa tweeted that “until sustainable cost-effective alternatives are found” he promises to provide sanitary hygiene products free of charge. Indeed, access to menstrual hygiene products is […]
Opinion: Are apartment developers moving to suburbs?
LankaPropertyWeb’s (LPW) With Colombo city turning into a business hub more than a residential area, recent studies of LankaPropertyWeb (LPW) show that apartment developers are now exploring the suburbs to cater to the growing interest for vertical living amongst the locals. The numerous developments taking place in the main city resulting in diminishing space amongst […]
‘s cabinet approves MCC grant of USD 480 Million
Oct 29, 2019 (LBO) – Sri Lanka’s Cabinet of Ministers today approved the implementation of 480 million US dollars MCC grant that consists of grant funds for traffic management in Colombo, road construction Island wide, and land administration improvements covering the whole country. These compact programmes to be funded by this project have been developed […]
Omega Line to reconstruct USD 24Mn Sri Lanka factory complex
Oct 22, 2019 (LBO) – Sri Lanka’s Board of Investment has signed a deal with Omega Line to reconstruct its factory complex at the existing premises at Sandalankawa as an expansion project, representing an additional investment of 24 million US dollars. The Agreement was signed by BOI Chairman, Mangala Yapa and Vincenzo Joppolo, Chairman of […]
Sri Lanka inflation at 5-pct in Sept 2019
Oct 22, 2019 (LBO) – Sri Lanka’s National Consumer Price Index (NCPI) increased to 5 percent from 3.4 percent recorded in August on a year-on-year basis, the Department of Census and Statistics said. The NCPI for all items for the month of September 2019 was 130.6. An increase of 0.9 index points or 0.7 percentage […]
Farm Smart: Developing Sri Lanka’s agriculture sector in the 4IR
Manoj Thibbotuwawa and Nimesha Dissanayaka Rapid population growth has put tremendous pressure on the world’s agricultural systems to provide safe and nutritious food to all. Unfortunately, productivity growth has been hampered by land and water resources degradation and climate change. The economic and social costs of such disruptive drivers imply that the food systems need […]
SriLankan Airlines clinches South Asia’s No 01 slot again
Oct 18, 2019 (LBO) – SriLankan Airlines was adjudged the ‘Leading International Airline’ in South Asia for the third consecutive year at the South Asian Travel Awards 2019 (SATA) and also bagged the ‘Leading Airline Passenger Class – Business’ award for the third year running, beating out many top airlines in the region. SriLankan Airlines […]