Category: General Services
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos’ growth prospects amidst rising competition, the investment case for 5G, regulatory pressures, and the implications of these factors, Fitch’s Ratings said.Fitch has published a compendium of key questions received from investors and our views on each issue, following investor […]
Sri Lanka manufacturing activities decrease in Dec 2018
Jan 19, 2019 (LBO) – Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in employment and production, especially in manufacturing of textiles, wearing apparels, leather and related activities, the Central Bank said. “A significant decline in employment was experienced as some employees moved to seasonal jobs for […]
‘s Moolai Cooperative Hospital
By Jekhan Aruliah In the North-West corner of the Jaffna Peninsula close to the causeway to Karainagar Island is the small village of Moolai. It is a patch of land connecting the causeway to Karainagar with its famous Casuarina Beach, and Vaddukoddai with its famous school Jaffna College. Moolai would have been quite unknown but […]
‘s Biz Chamber to host 2019 Outlook Seminar
Jan 07, 2019 (LBO) – The Ceylon Chamber of Commerce will organize its annual outlook seminar for 2019 under the theme of ‘Building Resilience Amidst Uncertainty’. The seminar serves as an important opportunity to understand both the outlook for the economy and key sectors in 2019. Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri […]
BOI inks deals in tourism and pharmaceutical sectors
Dec 21, 2018 (LBO) – The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were signed on behalf of the BOI by the Chairman Hemasiri Fernando. Also present was Champika Malalgoda, Director General of BOI. The Wild Beach Resorts (Private Ltd) project is to […]
Hayleys Advantis unveils Sri Lanka’s largest distribution hub
Dec 19, 2018 (LBO) – Hayleys Advantis ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, Ja-Ela as part of the company’s expansion efforts aimed at serving its clients better through greater efficiencies and economies of scale. The company said the move bodes well for the nation’s vision […]
Dr. Ravi Perumalpillai, Oxford Surgeon who became a Jaffna Farmer
By Jekhan Aruliah I write this piece as my appreciation of a Diasporan who came back to Jaffna and made a difference, sowing economic and medical seeds in the North. A friend who passed away in Colombo on 9th December 2018, and whose ashes were scattered in Jaffna four days later. I first met Ravi […]
Sri Lankan companies that provide childcare support show business benefits: Report
Dec 13, 2018 (LBO) – Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention and productivity of workers, especially women, according to a new report released by the International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with the United […]
Fitch downgrades ratings of SriLankan Airlines bond & Sri Lanka Telecom
Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the ratings on SriLankan Airlines 175 million US dollars government-guaranteed bonds due in June 2019 and Sri Lanka Telecom Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B+’. This follows the downgrade of Sri Lanka’s Long-Term Foreign and Local-Currency Issuer Default Ratings to ‘B’ […]
Sri Lanka to host conference of Asia-Pacific Depositories & Clearing organizations
Nov 23, 2018 (LBO) – Central Depository Systems, a fully owned subsidiary of the Colombo Stock Exchange, will host the 22nd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Sri Lanka. This premier gathering of Central Securities Depositories in Asia-Pacific has been held annually for 21 consecutive years since 1997. The […]
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a statement from the investment promotion agency said. The first agreement was with First Steps Babywear Lanka (Private) Ltd which will be setting up a manufacturing plant with to produce garments […]
Sri Lanka business chambers call for urgent action to resolve political situation
Nov 15, 2018 (LBO) – Sri Lanka business chambers have called upon all those responsible to accord the highest priority to national interest and refrain from pursuing any path that will result in an economic downfall which will have an adverse impact on the country and the people. The statement released by Ceylon Chamber of Commerce, International […]