Category: Industry
Moody’s Analytics Knowledge Services rebrands as Acuity Knowledge Partners
Nov 13, 2019 (LBO) – Moody’s Analytics Knowledge Services announced its rebrand as Acuity Knowledge Partners (“Acuity”) following the completion of its management buyout from Moody’s Corporation, supported by the European mid-market private equity investor Equistone Partners Europe Limited (“Equistone”). Acuity, a leading provider of bespoke research, analytics and automation technology to the financial services […]
Sunshine Energy’s third Hydropower Plant adds 2.4MW to national grid
Nov 11, 2019 (LBO) – Sunshine Energy (Pvt) Ltd, a fully-owned subsidiary of Sri Lanka’s diversified conglomerate Sunshine Holdings, opened its third hydropower plant Elgin recently in the Lindula Region. Sunshine Energy’s Elgin plant generates 2.4MW, contributing to the national grid. With the addition of the third plant, Sunshine Energy now contributes close to 7MW […]
Taj Lanka Hotels (TAJ) revenue up 12% as Sri Lanka tourism recovers
November 11, 2019 (LBO) – Colombo Stock Exchange (CSE) listed Taj Lanka Hotels (TAJ) reported surprisingly robust revenue growth for the quarter ended September 2019. Revenue was up 12% year over year for the second quarter to Rs704mn. TAJ, the owner of the five star Taj Samudra Hotel in Colombo, reported a small loss for […]
LSE announced the launch of Millennium platform for AAX crypto-currency trading
AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium ExchangeTM in the cloud Demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium […]
Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY
Nov 08, 2019 (LBO) – Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging for business. The company once more credited its performance to a focus on its core logistics business, generating revenue of Rs 28.7 Bn (a 15% growth YoY) and a Gross […]
SriLankan Airlines in codeshare with Air India to serve Toronto
Nov 07, 2019 (LBO) – SriLankan Airlines is taking a firm step towards further increasing travel connectivity between Sri Lanka and Canada. SriLankan Airlines commences codeshared non-stop services between Toronto and New Delhi with long standing partner Air India, providing seamless connections to Colombo, from 7th November 2019 onwards. Vipula Gunatilleka, Chief Executive Officer of […]
Sri Lanka tourist arrivals down 22-pct in October
Nov 07, 2019 (LBO) – The total number of international tourist arrivals to Sri Lanka during October was 118,743 and in comparison to October last year, there is a decline of 22.5 percent when the arrivals were 153,123. This month, the largest source market for tourists was India, followed by China and the United Kingdom. […]
Sri Lanka’s first state-run consumer Loyalty Card to launch tomorrow
Nov 07, 2019 (LBO) – Sri Lanka’s first state-run FMCG Loyalty Card “Abhimana” will be launched tomorrow. The largest retail supermarket chain in the country, Lanka Sathosa Ltd (LSL) is embarking on this major initiative to expand its customer base while meeting the competition. Lanka Sathosa Limited (LSL) expanded its island-wide branch network to 423 […]
Dialog net profit declined 14-pct in Q3 2019 with non-cash translational forex losses
Nov 07, 2019 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in Mobile, Fixed Line, and Digital Pay TV, declined 14 percent to 1.5 billion rupees from a year earlier in the September quarter, interim accounts showed. The company said the decline in Group Net Profit After Tax is mainly due […]
SriLankan Airlines 1H group loss reduced to USD76mn; plans flights to Sydney
Nov 07, 2019 (LBO) – SriLankan Airlines has made progress in the first half of this year by reducing group loss to 76 million US dollars, a 10 million dollar improvement over the previous year. This was achieved despite an overall decline in Group Revenue of 43 million dollars, 70 percent of which was due […]
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Nov 06, 2019 (LBO) – Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured debentures of up to LKR1.5 billion an expected National Long-Term Rating of ‘BBB(lka)(EXP)’. The proposed debentures are to mature in three and five years and would carry fixed- and floating-rate coupons. SFL plans to […]
‘s education in the 4IR : IPS
The profound impacts that an emerging fourth industrial revolution (4IR) will have on the future employment landscape underscore the crucial role of education and skills in preparing a workforce that can meet the needs of today’s and tomorrow’s labour markets. Indeed, education is at the heart of preparing present and future generations to succeed in […]