Category: General Services
Sri Lanka SME credit support scheme has limited effect on banks: Fitch Ratings
Jan 29, 2020 (LBO) – A scheme for Sri Lankan banks to provide special credit support to SMEs this year should not have a material effect on banks’ credit profiles, Fitch Ratings says. “We believe that the scheme will prolong the resolution of non-performing loans only until end-2020, and delay capital repayments this year, but […]
SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank
Jan 29, 2020 (LBO) – Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity for private-sector investors across all emerging markets, with Sri Lanka representing USD16.2 billion of that total. The study identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and […]
Ravi Wijeratne slips away from taking over MTD Walkers
Jan 28, 2020 (LBO) – Sri Lankan businessman, Ravindranath Srilal Wijeratne, alias Ravi Wijeratne has slipped away from taking over MTD Walkers. According to MTD Walkers, the agreed transaction will not be pursued, as there has been no positive development on the transaction. As the completion date stipulated in the Share Sale and Purchase Agreement […]
National action committee on Coronavirus meets today
Jan 27, 2020 (LBO) – A committee comprising of 22 highly qualified medical experts appointed by the Health Ministry to prevent the spread of the new Coronavirus in Sri Lanka is due to meet today. The National Action Committee (NAC) was appointed by Health Minister Pavithra Wanniarachchi on the instructions given by President Gotabaya Rajapaksa. […]
UN-backed Sri Lanka industry diagnostic initiative rolled-out in Colombo
A high level team from United Nations Industrial Development Organization (UNIDO), Vienna joined by no less than the UN Resident Coordinator Sri Lanka launched the next phase of Sri Lanka industry revolution on 24 January in Colombo. An upbeat UNIDO said that it is impressed by the feedback received by Sri Lankan industries for its […]
Sri Lanka SMEs call for deadline extension
Jan 22, 2020 (LBO) – Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) said that the landmark loan moratorium for SMEs offered by the government in December 2019 is on track to revive SMEs but the stipulated reporting deadline is ‘too tight’. “We praise the government for its determined action last December to […]
Startup XpressJobs receives Rs100mn investment from Emerging Media
Jan 20, 2020 (LBO) – Emerging Media, a location-based digital advertising company has invested 100 million rupees in XpressJobs in exchange for a 25 percent stake of the company. The company said in a statement that Emerging Media’s tie with XpressJobs aims to further expand the company’s operational capabilities and also greatly increase visibility for […]
Mobitel & ‘CareerMe’ takes on career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile Service provider, has partnered with CareerMe, a fully-fledged career guidance app and web platform developed by a local company in partnership with an Australian body, to aid students, teachers, parents and other industry professionals alike […]
Central Bank issues circular to banks about new credit support scheme for SMEs
Jan 14, 2020 (LBO) – Sri Lanka’s Central Bank says that based on the discussions they had with banks, it is observed that the proposed credit support scheme may not cause an undue level of stress or threaten the stability of the banking system. Issuing a circular, the Central Bank said that all parties have […]
Sri Lanka unemployment up to 5.1-pct in Q3 2019
Jan 08, 2020 (LBO) – T h e n u m b e r o f unemployed persons is estimated as 437,797 or 5.1 percent during the third quarter 2019, latest data show. Overall unemployment rate reported for female is 8.5 percent and 3.3 percent for male, the Sri Lanka Labour Force Survey (LFS) says. […]
LankaPropertyWeb sets up new Property Centre
Jan 08, 2020 (LBO) – Following over a decade of successful operation of helping people find, sell and rent property in Sri Lanka, LankaPropertyWeb.com which has become the most popular place for properties along with House.lk started a new chapter in its journey by establishing a ‘Property Centre (PC)’ in Colombo. In a prime location […]
Opinion: Tobacco smoking in Sri Lanka, going the last mile
Chathurga Karunanayake and Chamini Thilanka Despite multiple measures by successive governments to bring down tobacco prevalence in Sri Lanka, still more than one in four males use tobacco. Reducing smoking prevalence is also identified as one of the concerns in the manifesto of the newly elected president of Sri Lanka.This blog argues that bringing down […]