Category: Industry
ICRA Lanka assigns [SL] A1 rating to commercial paper programme of LOLC
June 06, 2018 (LBO) – ICRA Lanka Limited, aubsidiary of ICRA Limited, group company of Moody’s Investors Service, has assigned [SL] A1 rating to the 1,000 million rupees commercial paper programme of Lanka ORIX Leasing. Full text of the rating action is reproduced below. Rating action: ICRA Lanka Limited, Subsidiary of ICRA Limited, group company of […]
How to overcome three common challenges in software outsourcing
Outsourcing is an excellent way to cut operating expenses, but it is not a perfect tool. Businesses have reported having problems with their offshore teams due to poor quality work, frustrating delays and long hours at the office. Challenges from outsourcing include lack of communication, higher than expected costs and quality not matching expectations. However, […]
Sampath Bank Marches towards Vision 2020 with Sampath Stars
Sampath Bank recommitted itself to offering technology driven, world class financial services to Sri Lankan consumers and businesses at an awe-inspiring event titled “Towards Vision 2020 with Sampath Stars” held at the Hilton Colombo, recently. Apprising over 1,000 Sampath Bank team members present of the Bank’s significant recent milestones, Mr. Nanda Fernando, Managing Director, Sampath […]
‘s Blue Ocean S.Thumilan
The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real estate, construction, engineering, trading, education, travels and holidays, entertainment, consultation and many other fields.
Sri Lanka tourist arrivals up 6.2-pct in May, Crosses 1Mn mark for 2018
Jun 06, 2018 (LBO) – Sri Lanka’s tourist arrivals were up 6.2 percent to 129.466 in May 2018 from a year earlier with arrivals in the first five months up 14.7 percent to 1,017,819. Arrivals from India continued its growth momentum in May while Chinese arrivals saw a dip. Indian visitors were up 23 percent to […]
LBOTv chats with Chairman of Sri Lanka’s Blue Ocean S.Thumilan
The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real estate, construction, engineering, trading, education, travels and holidays, entertainment, consultation and many other fields. https://youtu.be/npkzK4pIkuQ
‘s Ritz-Carlton Tower ready by 2021
Jun 06, 2018 (LBO) – One Transworks Square (Pvt) Ltd together with Zhong Tian Ding Hui (ZTDH) Company announced that it’s 500 million dollar “THE ONE” investment’s first tower the Ritz-Carlton residences will be ready for occupation by 2021. The 80 storeyed 326 meter Ritz-Carlton Tower will house the Ritz-Carlton hotel and residences. The project […]
Swedish asset manager Tundra increases position in John Keells
June 05, 2018 (LBO) – Swedish asset manager in frontier markets, Tundra Fonder has increased their position in Sri Lanka’s largest company, John Keells.According to the May 2018 update of the Tundra Sustainable Frontier Fund, their position in John Keells has been increased from 1 percent to 2.5 percent. “John Keells, fell sharply in conjunction […]
Interview : In conversation with Chairman of Sri Lanka’s Blue Ocean S.Thumilan
Jun 06, 2018 (LBO) – The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real estate, construction, engineering, trading, education, travels and holidays, entertainment, consultation and many other fields. LBOTv had a chat with Chairman of Sri Lanka’s Blue Ocean S.Thumilan…..
‘s insurance industry growth to continue despite extreme weather: Fitch
June 05, 2018 (LBO) – Fitch Ratings expects the exposure of Sri Lanka’s non-life insurers to extreme weather-related events to be manageable due to extensive use of reinsurance. However, reinsurers are seen to be reducing ceding commissions to reflect the increased risk of catastrophes, Fitch Ratings said. “Sri Lanka has seen a recurrence of extreme weather-related […]
Dehan Seneviratne appointed Chairman of Sri Lanka Tourism Promotion Bureau
The Ministry of Tourism Development and Christian Religious Affairs announced the appointment of Mr. Dehan Seneviratne as Chairman, Sri Lanka Tourism Promotion Bureau with effect from 4th June 2018. A veteran in the marketing field, Mr.Seneviratne takes over as Chairman of SLTPB at a crucial juncture with the long-awaited global promotion campaign about to get […]
Presidential Commission on SriLankan, Mihin commences witness hearings
June 04, 2018 (LBO) – Presidential Commission appointed to look into alleged malpractices at SriLankan Airlines, SriLankan Catering, and Mihin Lanka commenced witness hearings today. The Commission will record statements from the head of Company Registrar and another official today. The IMF completing its 4th review, last Friday said it is essential for the authorities to […]