Category: Industry
‘s Industrial production up 4.3-pct in Dec 2017
Feb 14, 2018 (LBO) – Sri Lanka’s industrial production has increased by 4.3 percent in the month of December, 2017 compared to the same month in 2016, latest official data shows. The Index of Industrial Production (IIP) is a key indicator of economic performance in most countries. Index numbers summarize past developments, facilitate forecasting of future […]
‘s RIL Property goes for Rs.1.6Bn Rights Issue
Feb 14, 2018 (LBO) – RIL Property Plc said they will be raising 1.6 billion rupees through one for three Rights Issues to settle part of the long-term loan facilities obtained by the company. Issuing a statement the company said that the it will issue 200 million shares in the proportion of one new ordinary voting […]
SriLankan explores opportunities for new direct flights to Australia
Feb 13, 2018 (LBO) – SriLankan Airlines CEO, Suren Ratwatte says the national carrier will explore more opportunities in Australia with new direct flights to destinations like Sydney. Ratwatte said daily nonstop flights between Colombo and Melbourne are witnessing high traffic with customers reporting satisfaction at being able to undertake the flight without long layovers. […]
Sri Lanka – Iran sign mutual cooperation deal
Feb 13, 2018 (LBO) – Iran and Sri Lanka have inked a deal for further cooperation between the two nation in the areas of trade and economy. The agreements were signed following a two-day visit by an Iranian delegation to Colombo, over the last week-end, media reports said. Iran and Sri Lanka also agreed to finalise […]
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn • Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, Friday 9th February 2018, its consolidated financial results for the year ended […]
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8 […]
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) – The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its database on issuance of domestic debt and international commercial borrowings on behalf of the Government and also the information it received from ministries. “Attention of […]
PDO seeks feedback of beauty culture entrepreneurs to develop sector
Feb 08, 2018 (LBO) – Policy Development Office of the Prime Minister’s Office is currently seeking feedback from beauty culture entrepreneurs to identify the issues in the sector.Policy Development Office (PDO) said there is a high response rate for the ongoing island wide survey regarding the field of beauty-culture. Data analyzing process is yet to […]
Lanka Property Web to hold second successive show
Feb 08, 2018 (LBO) – Lanka Property Web.com will be hosting for the second successive year Sri Lanka’s largest property show, scheduled to be held on February 16th and 17th at the Kingsbury Hotel. Over 20 exhibitors are expected to participate at this year’s event, the web site said issuing a statement.Visitors will be able to view […]
AmCham hosts Stephen Renna from U.S. Department of Commerce
(PRESS RELEASE) – Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday. The meeting will focus on initiatives being carried out by the Advocacy Center to boost business for U.S. companies as well as an open discussion […]
‘s Biz climate
Feb 08, 2018 (LBO) – A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri Lanka to look at future investment opportunities, the Board of Investment said. A delegation of 59 are visiting the island on invitation of the Prime Minister and participated at the Sri […]
Sri Lanka Tourist arrivals up 12.6-pct in Jan 2018
Feb 07, 2018 (LBO) – Tourist arrivals to Sri Lanka rose 12.6 percent from a year earlier to 246,972 in January 2018 with Indian visitors taking the lead, official data shows. Arrivals from India were up 40 percent from 31,173 to 43,643 in January from an year ago. However Chinese arrivals were down 22 percent to […]