Category: General Services
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) – The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 percent, the Department of Census and Statistics said. Year on year inflation of food group has decreased from 6.8 percent in October 2019 to 4.6 percent in November 2019 […]
Authorized dealer was not the importer of mis-declared Audi A5 cars: CMTA
Dec 02, 2019 (LBO) – The Ceylon Motor Traders Association (CMTA) says that the sole authorized dealer for Audi in Sri Lanka was not the importer of the 13 units of mis-declared Audi A5 cars. Issuing a clarification into the previous statement released by the association on this matter, the CMTA said the importation was […]
Sri Lanka to introduce new scoring system to CRIB from January
Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January next year. “There are lots of concerns about CRIB reporting.So, we decided to give a new face to the CRIB report by introducing a scoring system,” Deputy Governor H. A. […]
President appoints six-member committee to aid appointments at state institutions
Nov 29, 2019 (LBO) – The Presidential Secretariat appointed a six-member committee comprised of professionals under the directions of President Gotabaya Rajapaksa to submit recommendations on appointment of competent personnel to the Boards of Public Enterprises, Statutory Bodies and State-owned Commercial Businesses. The high-level committee headed by Sumith Abeysinghe, former Secretary to the Cabinet and […]
Reports about any potential investment in TFC not true: Central Bank
Nov 27, 2019 (LBO) – Sri Lanka’s Central Bank on Wednesday clarified that the information published in newspapers regarding any potential investment in the troubled The Finance Company (TFC) is not correct. “Even though these news articles mentioned that TFC informed the CSE that it has been approached by three interested parties to consider investing […]
Sri Lanka gets first bamboo–to-timber board production line with UNIDO backing
Nov 27, 2019 (LBO) – UNIDO, with the public sector, has granted hi-tech machinery for the production of bamboo boards from within Sri Lanka for the first time. The first such hi-tech machinery series used for the production of bamboo boards to be set up in Sri Lanka greatly enhances creation of glue-laminated timber boards […]
Sri Lanka cable maker ACL buys 51-pct stake in local cable firm for Rs481mn
Nov 27, 2019 (LBO) – Sri Lanka’s cable and conductor manufacturer, ACL Cables has entered into a share sale and purchase agreement to acquire 51 percent of the issued shares of Cable Solutions (Private) Limited for 481 million rupees. The overall transaction contemplated includes the purchase of up to 75 percent of the issued shares […]
4IR: A challenge or an opportunity for gender equality
Institute of Policy Studies – IPS These technological advances of the hold significant implications on existing gender structures and balances, especially in the labour market. While optimists point out to opportunities for strengthening women’s position through greater gender equality through the 4IR, counterarguments that are put forward signal the 4IR would be ‘gender blind’. Entrenched […]
Fitch affirms Ceylon Electricity Board at AA+; outlook stable
Nov 26, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating at ‘AA+(lka)’ with a stable outlook. The rating on CEB, which is 100% state-owned, is equalised with that of the Sri Lankan sovereign (B/Stable), reflecting strong linkages with the parent, in line with Fitch’s Parent and Subsidiary […]
Opinion: Helping Sri Lankan workers in South Korea save better
Janaka Wijayasiri Sunil has been employed in South Korea for the last three and a half years, working for a Small and Medium Enterprise (SME) manufacturing automobile parts, in the industrial town of Ansan, in the outskirts of Seoul. He earns KRW 2.5 million or LKR 400,000 a month with overtime and night-shift allowances – […]
Beware of online scams, protect bank passwords & PINs: Central Bank
Nov 21, 2019 (LBO) – Sri Lanka’s Central Bank warns public that it has received information regarding several types of financial frauds and scams being operated through social media, and Internet-based applications. Full Statement Beware of online scams – Protect your bank passwords and PINs The Central Bank of Sri Lanka has received information regarding […]
EASA extends SriLankan Engineering’s maintenance certification
Nov 19, 2019 (LBO) – The European Aviation Safety Agency (EASA) has extended an important certification of SriLankan Engineering, the aircraft Maintenance-Repair-Overhaul (MRO) arm of SriLankan Airlines, following a comprehensive audit. The reaffirmation of the EASA Part-145 certification strengthens SriLankan Engineering’s positioning as a key provider of aircraft maintenance and engineering services for airlines throughout […]