Category: Industry
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 […]
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Jan 16, 2020 (LBO) – Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7 percent unsecured bonds due 25 June 2024 at ‘B’. KEY RATING DRIVERS The airline’s bonds are rated at the same level as SLA’s parent, the government of Sri Lanka (B/Negative), due to the unconditional and irrevocable guarantee […]
S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
Jan 16, 2020 (LBO) – Ratings agency Standard & Poor’s said it revised its outlook on Sri Lanka’s credit rating to negative from stable, citing increased risks from a deteriorating fiscal position. “Sri Lanka’s fiscal position deteriorated following the Easter Sunday attacks,” S&P said. “Although a recovery is expected, we expect a widening of the […]
China reaffirms steadfast support to Sri Lanka
Jan 16, 2020 (LBO) – The Chinese Foreign Minister and State Councilor Wang Yi met with the Minister of Foreign Relations Dinesh Gunawardena recently and reiterated its solidarity and support to the new Government of President Gotabaya Rajapaksa. Welcoming Minister Wang Yi, Foreign, Minister Dinesh Gunawardena thanked China for its consistent contribution to Sri Lanka’s […]
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 […]
Galle Port to be developed as a tourist port with new Yacht Marina Zone
Jan 14, 2020 (LBO) – Sri Lanka will commence the breakwater development of the Port of Galle and to dock all passenger vessels to Galle at the outer port area to further strengthen facilities for tourism promotional activities at the port. State Minister of Ports Development Kanaka Herath during a special inspection visit at the […]
Opinion: Real estate trends 2020, What you need to know to make it big
Lanka Property Web As you are packing up those store-bought Christmas decorations that have been adorning your home throughout the holidays and restoring the symbolic tree that might need a lot of ‘dusting’, for next Christmas; the first chapter of 2020 has just begun with real estate trends! It’s the start of a new decade […]
SriLankan Airlines changes Colombo-London route to avoid airspace of Iran, Iraq
Jan 08, 2020 (LBO) – Due to the prevailing unsettled situation in the Persian Gulf region, SriLankan Airlines has altered the route of its Colombo-London-Colombo flights to avoid the airspace of Iran and Iraq with immediate effect, as a precautionary measure. SriLankan Airlines said in a statement that it is closely monitoring the situation and […]
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 […]
Cinnamon FOT keynote speaker features Sri Lanka on CNN Business Traveller
Jan 08, 2020 (LBO) – CNN’s foremost international business correspondent and presenter Richard Quest will feature Sri Lanka in the newest edition of CNN Business Traveller. The programme will be aired on January 8th at 14:00 IST (Premiere) (followed by repeat telecasts on Thursday, 8th January at 2300 IST, Saturday, 11th January at 1200 IST, Sunday, 12th January at 0100 IST / 1700 IST, Saturday, 18th January […]
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 […]