Category: Industry
‘s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) – The Finance Ministry’S “Enterprise Sri Lanka” exhibition will be held in Anuradhapura from July 24-27. This exhibition will be a platform for intended entrepreneurs to obtain the knowhow and share knowledge on the enterprise development. Arrangements have been made through the State and private banks and other relevant agencies to […]
”; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘BB-(lka)’ from ‘BB(lka). The Outlook is Stable. The downgrade stems from a sharp deterioration in Bimputh’s capital position, which they believe is no longer commensurate with its high-risk appetite. This is due to the significant decline in asset […]
John Keells empowers skills development of over 9200 youth in 2018/19
(PRESS RELEASE) “When I came home with my poor O/L results, my father asked me what I would do with my life now? He actually gave up on me. It was my mother who stood by me, pushed me and supported me when I decided to apply for the John Keells Vocational Training Programme last […]
‘s aircraft landed Sri Lanka only for crew rest & refueling: Civil Aviation Authority
July 09, 2019 (LBO) – Sri Lanka’s Civil Aviation Authority says the private aircraft ZS-ASN landed at the Bandaranaike International Airport only for crew rest and refueling. The authority emphasized in a statement that there is no equipment in the aircraft used for any surveying purpose, as declared by the operator in its application. Full […]
BOI signs deal with Japanese company to set up Boutique Hotel with USD 8.4Mn investment
July 10, 2019 (LBO) – Sri Lanka’s Board of Investment recently signed a new investment agreement with Wakana JPN (Pvt) ltd. to construct and operate a 21-roomed new boutique hotel in Ahungalla, with an investment of 8.4 million US dollars. The Agreement was signed on behalf of the BOI by Chairman Mangala Yapa and on […]
Women and an Ageing Population: What are the implications for Sri Lanka?
Jul 08, 2019) – The United Nations Population Fund (UNFPA) brought international policymakers to discuss feminization of ageing in Sri Lanka, in line with World Population Day. The life expectancy of a Sri Lankan woman is 79 years, as opposed to 72 years for a Sri Lankan man. This means that at age 60, females […]
Ground handling, aviation fuel, and embarkation levy reduced for 6 months to boost tourism
Jul 09, 2019 (LBO) – Sri Lanka Tourism Development Authority together with the Prime Minister’s office, the Minister of Tourism, Wildlife and Christian Religious Affairs, John Amaratunga and the Civil Aviation Authority of Sri Lanka tabled a cabinet paper and received the approval for the reduction of ground handling charges, aviation fuel, and the embarkation […]
Two appointments to Sri Lanka Treasury
Jul 08, 2019 (LBO) – Sri Lanka’s Finance Ministry has announced the appointment of two new officials to the Treasury. K.D. R Olga of the Sri Lanka Accountancy Service has been appointed as the Director General of the Treasury Operations Department. And R.M. A. Rathnayaka has assumed duties as Director General of the State Accounts […]
Atlas celebrates 60: Takes action against hate campaign on social media
Jul 05, 2019 (LBO) – Atlas Axillia Co., a Sri Lankan owned and operated company celebrated its 60th anniversary with a number of initiatives focused on enriching the lives of children in the country. Asitha Samaraweera, Managing Director of Atlas speaking to mark the occassion said for the past 60 years the company has been […]
Improving macro stability, lower yields may strengthen equity returns: First Capital
July 05, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as economic activities were seen returning to normalcy while removal of travel advisories was faster than anticipated, First Capital said in their latest equity strategy. The research firm believes that the […]
Land prices surrounding LRT up 129-pct: Minister
Jul 04, 2019 (LBO) – Land prices in and around Malabe have increased up to 129 percent following the announcement and launch of Sri Lanka’s light rail project, a senior minister said. “Since the project was announced, land prices in Malabe and surrounding areas have increased by 129 percent,” Champika Ranawaka, minister Megapolis and Western […]
Govt. nod for cable cars in hills
Jul 04, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved a cable car project in Nuwara Eliya, a statement said. The project will run from Nanuoya, in the islands central hills to Gregary Lake through Single Tree Mountain, a statement on cabinet decisions said. “Outdoor Engineering Lanka Pvt.Ltd. and its foreign Partner Dopelme […]