Category: Industry
Sanasa Bank to get IFC advice on small businesses and cooperatives
Sep 07, 2015 (LBO) – International Finance Corporation (IFC), a member of the World Bank Group, will provide advisory services to Sanasa Development Bank as it expands into micro and small businesses, cooperatives, and retail clients, a media release said. “Sanasa Development Bank’s growth strategy involves long-term sustainable growth in three important sectors, SME, retail, and […]
Sri Lanka’s capital skyline changes with rise in luxury apartment market: report
Sep 06, 2015 (LBO) – The skyline of Sri Lanka’s capital is growing in terms of the number of luxury apartment units with the market expected to reach 6,000 units by 2018-19, from 2,657 units at the moment, a research report shows. “Apartment complexes have had a strong hand in shaping the skyline of Colombo.Starting […]
Sri Lanka HNB Senior and Subordinated Debt gets AA-, A+ ratings :Fitch
Sep 04, 2015 (LBO) – Fitch Ratings has assigned Hatton National Bank proposed senior unsecured and subordinated debentures a expected National Long-Term Ratings of ‘AA-(lka)(EXP)’ and ‘A+(lka)(EXP) respectively. Full Statement follows: Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) proposed senior unsecured and subordinated debentures expected National Long-Term Ratings of ‘AA-(lka)(EXP)’ and ‘A+(lka)(EXP) […]
Sri Lanka Aug tourist arrivals up 18.7 pct, China and India drive growth
Sep 04, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 18.7 percent to 166,610 in August 2015 from a year earlier, driven by China and India, data from the state tourism promotion office showed. In the eight months of 2015 arrivals were up 17.1 percent to 1,172,465. Indian arrivals increased 27.9 percent to 151,427 while […]
Sri Lanka, Australia bilateral trade up 18-pct in 2014
Sep 04, 2015 (LBO) – Two-way trade in goods between Australia and Sri Lanka has recorded an 18 percent increase last year over the previous year, Australian High Commissioner in Sri Lanka said.Speaking at a recent event High Commissioner Robyn Mudie said the bilateral trade in goods has reached 420 million Australian Dollars in 2014.“Our […]
Asia Securities says S&P telecoms report on Sri Lanka unjustified
Sep 04,2015 (LBO) – Sri Lanka’s Asia Securities says it is bullish on the Sri Lanka telecommunication sector even though a recently released report by Standard & Poor’s ratings agency sees telecom regulatory risk in Sri Lanka as high. S&P highlighted that they see a high regulatory risk in Sri Lanka with regulatory disruptions such […]
‘s growing religious tourism market
Sep 4, 2015 (LBO) – Sri Lanka tourism promotion bureau said that it plans to tap China’s growing religious tourists as almost 85 percent of the people in China hold some religious belief or practice some kind of religion according to Chinese spiritual life survey conducted in 2012 by the Beijing-based Horizon Research Consultancy Group. […]
Sri Lanka Cricket Head Coach Marvan Atapattu resigns
Sep 03, 2015 (LBO) – Sri Lanka Cricket has accepted the resignation of Marvan Atapattu from the post of Head Coach of the Sri Lanka Cricket Team.“Sri Lanka Cricket thanks Atapattu for his efforts as Head Coach and Batting Coach of the Sri Lanka Cricket Team, and we wish him every success in all his […]
Sri Lanka joins Budapest Convention on Cybercrime
Sep 02, 2015 (LBO) – Sri Lanka has become a fully fledged member of the Budapest Convention on Cybercrime from this month, Council of Europe Treaty Office said.Sri Lanka is the first country in South Asia, and only the second in Asia after Japan, to join this Convention. The country ratified the convention on 29 […]
Dialog CEO says data pricing structures require correction: OBG
(From the Oxford Business Group) ** Data pricing structures would require correction in the face of voice to data conversion and emergence of OTTs, Hans Wijayasuriya, Group CEO, Dialog Axiata, says ** Sri Lanka, August 2015: The transformation of the telecoms industry in Sri Lanka will come in the form of accelerated data growth, emergence […]
Google launches new mobile friendly logo
Sep 02, 2015 (LBO) – Google unveiled a new logo for its core search services smoothing out some of the features in the letters that make up the well-known colourful logo spelling out its name, the company said in a blog report. The revamped logo is “simple, uncluttered, colorful, friendly” and represented the best of […]
Ceylon Motor Traders set standards for vehicle deals in Sri Lanka
Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the automobile industry. The ethics code includes 46 key proposals that are to be adhered to by 26 member firms of the association. The membership of the 95-year long association […]