Category: Industry
London Stock Exchange Group opens new tech facility in Sri Lanka
Dec 06, 2016 (LBO) – London Stock Exchange Group (LSEG) yesterday announced the opening of its new state-of-the-art technology facility in Sri Lanka. Headquartered in the TRACE Expert City precinct of Colombo, the new technology hub was opened by the Prime Minister of Sri Lanka, Ranil Wickremesinghe and LSEG Chairman, Donald Brydon. A delegation including […]
Visitors to Sri Lanka up 16-pct in Nov 2016, 2 million target in sight
Dec 06, 2016 (LBO) – Tourist arrivals to Sri Lanka in November rose by 16 percent to 167,217 arrivals with Chinese and Western European markets continuing their growth momentum. In the first 11 months arrivals rose to 1.82 million, up by 14.7 percent, making two million mark for the year achievable. December is likely to be […]
Sri Lanka tile importers commend support from budget
Dec 05, 2016 (LBO) – Sri Lanka’s Tiles and Sanitary Ware Importers Association (TSIA) have welcomed the support of Budget 2017 for maintaining the reduction on import tariffs on tiles and sanitary ware. “Tiles and sanitary ware today, has become a commodity that has defined itself as a basic need. These entities are no longer […]
Sri Lanka tourism daily rate performance ahead of peers: STR
Dec 05, 2016 (LBO) – Sri Lanka’s 15.6 percent increase in the average room or daily rate (ADR) for tourism during the first ten months of the year puts its performance ahead of other countries in Southeast Asia in terms of rate growth, including, India, Thailand, Philippines, Malaysia, Vietnam and Indonesia, STR said in a […]
Korea Eximbank discusses Kandy traffic network with RDA
Dec 05, 2016 (LBO) – Export-Import Bank of Korea (Korea Eximbank) has begun supporting the connectivity plan of the traffic network in Kandy city through a knowledge sharing program, with a delegation holding its first workshop last week. Korea Eximbank intends to share the traffic network expansion experience of Korea to strengthen accessibility between Northern […]
‘s Cargills Bank gets Theagarajah as Joint Deputy Chairman
Dec 05, 2016 (LBO) – Sri Lanka’s Cargills Bank has appointed sector veteran Rajendra Theagarajah as the Joint Deputy Chairman. He will be joined by Ranjit Page. “We are cognizant of the exemplary service that Theagarajah has rendered to the banking industry and we are confident that Cargills Bank would immensely benefit from his business […]
Sri Lanka bus operators strike against fines; commuters stranded
Dec 02, 2016 (LBO) – Several private bus unions resorted to an islandwide strike from midnight last night against the budget proposal to increase traffic fines, resulting in a major inconvenience to the public. Sri Lanka Transport Board requested police protection for buses in operation today as several buses had been attacked. General Secretary of […]
‘s trade potential
Dec 02, 2016 (LBO) – U.S. and Sri Lankan officials have held three seminars on trade policy to unleash the island’s trade potential, a statement said. The U.S. Department of State, in cooperation with the U.S. Department of Commerce, and Sri Lanka’s Department of Commerce held these seminars with more than 70 decision makers and […]
Sri Lanka tourism growth requires continuous effort: ForwardKeys
Dec 02, 2016 (LBO) – Flight bookings for travel to Sri Lanka during the next five months shows a modest 1.3 percent growth compared with the same time last year, according to tourism analytics firm ForwardKeys. The insights come from their analysis of 16 million flight bookings made by travel agents, research that was presented […]
SriLankan airlines to fly to Gan Island
(PRESS RELEASE) – SriLankan Airlines will consolidate its traditional positioning as the largest airline operation in the Maldives, by commencingservices to Gan Island on 1st December 2016, in the Indian Ocean island nation.Thus SriLankanAirlines will become the only airline to operate international flights toGan International Airport, with four flights per week. Accordingly, Gan Island operations will […]
‘s maintains stable outlook on Sri Lankan banking sector
Dec 01, 2016 (LBO) – Moody’s Investors Service has maintained its stable outlook on Sri Lanka’s banking system, as moderate economic growth and reduced external volatility should keep operating conditions for the country’s banks stable. “Continued strong loan growth may put downward pressure on asset quality and liquidity conditions, but nonperforming loan (NPL) ratios will […]
Comm Bank, Dunamis Capital and Aitken Spence win at CSE Masterminds 2016
(PRESS RELEASE) – Commercial Bank of Ceylon PLC won the inaugural capital market quiz organized by the Colombo Stock Exchange (CSE) recently. Dunamis Capital PLC and Aitken Spence PLC emerged as the First and Second Runners-Up of the competition, which was held at the CSE Trading Floor. The competition, for which entrance was exclusive and […]