Category: General Services
Our people-centric economic model aims at overcoming development slowdown:President
Mar 05, 2020 (LBO) – Accelerating our economic development is the primary challenge facing Sri Lanka today and most of the security issues that Sri Lanka has faced over the years have been due to the exploitation of the economically disadvantaged, President Gotabaya Rajapaksa said. The proposed people-centric model takes this factor into account, said […]
President orders to ensure adequate fertilizer supply during Yala season
Mar 04, 2020 (LBO) – President Gotabaya Rajapaksa has directed officials to ensure supply of the required amount of fertilizer for the Yala season without delay. The fertilizer stocks are due to arrive in the island within the coming weeks. The President further instructed to design a proper procedure to swiftly distribute fertilizer among all […]
President recognizes 109 government institutions with high performance awards
Mar 02, 2020 (LBO) – On the recommendation of the Committee on Public Accounts (COPA), government bodies which have achieved a high performance level in the year 2018 were presented with awards at the Parliamentary Complex, recently under the patronage of President Gotabaya Rajapaksa. Of the 844 institutions of State, Provincial Councils and Local Government […]
Japan further strengthens Sri Lanka coast guard`s oil spill combat expertise
An expert team of five Japan Coast Guard (JCG) officials including two National Strike Team members specialized for combatting oil spill incidents and two Mobile Cooperation Team members specialized for the capacity development in Japan was dispatched to Sri Lanka for the period from 18 February to 27 February to conduct technical transfers to Sri […]
‘s healthcare expansion to diversify cash flow: Fitch Ratings
Feb 28, 2020 (LBO) – Melstacorp PLC’s foray into the Sri Lankan healthcare industry will help diversify its cash flows away from its focus on spirits over the longer term, Fitch Ratings says. Full statement Melstacorp agreed on 20 February 2020 to buy Browns Health Care (Pvt) Ltd, which operates a 70-bed multi-speciality hospital in […]
Uber announces new safety features for Sri Lanka
Feb 28, 2020 (LBO) – Uber announced the introduction of several new safety features such as an Uber Safety Helpline, RideCheck – a feature that detects trip irregularities – and Pin Verification to keep its community of riders and drivers safer. The new features, which will be available in a few weeks, underscore Uber’s continued […]
International festival of creativity, ‘Epica Awards Sri Lanka’ debuts 5-6 March
Feb 26, 2020 (LBO) – For the first time in Epica Awards’ 33 years history, Epica Awards Sri Lanka will take place between the 5th and 6th of March 2020. Epica Awards is the only global award show judged solely by journalists. With over 200 journalists on the judging panel and over 4,000 entries submitted, it is […]
New ADB head pledges to support development in public and private sectors
Feb 25, 2020 (LBO) – The new Asian Development Bank (ADB) Country Director in Sri Lanka, Chen Chen, assumed office in Colombo Monday. “I am honored to assume the role of Country Director at ADB’s Sri Lanka Resident Mission. I have had the opportunity of managing ADB’s transport sector portfolio in Sri Lanka in the […]
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) – The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December 2018, led by a decline in exports and a growth in imports on a year-on-year basis, the monthly external report said. However, on a cumulative basis, the trade […]
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) – Sri Lanka’s total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 months ago, a new report shows. “The recent policy interventions both in terms of fiscal policy (taxation) or capital moratoriums did not target vehicle registrations,” research firm JB […]
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
‘s Hemas Group profit down 5-pct in 3Q amid on-going recovery
Feb 14, 2020 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure, and healthcare has posted a shareholder profit of 974.7 million rupees in the third quarter, down 4.9 percent from a year earlier, interim accounts showed. On a year-to-date basis, the Group’s performance has been impacted by the aftermath of the […]