Category: Industry
SriLankan Airlines unveils oneworld priority signage at Colombo and Male Airports
SriLankan Airlines has unveiled oneworld priority signage at its Colombo hub, Bandaranaike International Airport and Male, its extended home market. The new signage aims to provide the alliance’s top tier, frequent flyers a comprehensive and clear idea on the alliance’s benefits throughout the travel process – check-in, airport fast tracks, lounges and boarding.The oneworld priority […]
SriLankan Aviation College takes airline training to Jaffna, Batticaloa, Galle and Kurunegala
The SriLankan Aviation College has appointed Nawaloka Air Services as its franchise partner to expand airline training to four provinces, providing invaluable opportunities for young Sri Lankans in the Northern, Southern, Eastern and Northwestern Provinces to embark upon rewarding careers in the global air transport and hospitality industries. The franchise agreement was signed on 5th […]
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) – Sri Lanka’s TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue recorded was 17.8 billion rupees, a 30 percent increase. “The boost in profits can be directly attributed to the synergy from acquisitions,stringent cost control initiatives,cutting edge Innovations, and […]
London Stock Exchange shifts shared services to Sri Lanka; hiring staff
May 19, 2016 (LBO) – International markets infrastructure provider London Stock Exchange Group will hire up to 400 highly skilled Sri Lankans as it has decided to shift part of its technology and business functions here. The new company to be formed under the name of London Stock Exchange Business Services Colombo limited is currently […]
‘s mobile ambitions, return of Nokia
May 19, 2016 (LBO) – The demise of Microsoft’s mobile phone ambitions is on the cards with the company selling its feature phone business to a Foxconn subsidiary. Microsoft is licensing the Nokia name for handsets back to Nokia, which has set up a new company that will make feature phones, Android-based smartphones, and tablets. […]
SriLankan Cargo says record set exceeding designed capacity
May 18, 2016 (LBO) – SriLankan Cargo, the freight handling arm of state-owned SriLankan Airlines has set a record for the amount of tonnage handled during a single month reporting, 21,743 metric tonnes in March at BIA. SriLankan Airlines said the figure has surpassed the previous highest amount of 20,040 tonnes, achieved a year ago […]
Janashakthi Insurance PLC reports consolidated Profit After Tax (PAT) of Rs.358 mn for March 2016
Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit After Tax (PAT) of Rs.358 million for the quarter ended 31st March 2016, a marked Year on Year (YoY) growth of 236%. The Insurer posted these numbers on the back of a 32.8% rise in consolidated Gross Written Premium (GWP) amounting to Rs.3.3 billion for the period […]
Citizens Development Bank announces Rs1bn debenture issue
May 18, 2016 (LBO) – Sri Lanka’s Citizens Development Business Finance PLC (CDB), a licensed finance company, said it will issue one billion rupees in listed rated subordinated guaranteed redeemable debentures. “The main objective of the debenture issue is to raise funds for CDB to strengthen its Tier II Capital and grow its lending book,” […]
Italy to explore apparel, renewable energy prospects in Sri Lanka
May 18, 2016 (LBO) – Deputy Foreign Minister of Italy Senator Benedetto Della Vedova will make an official visit with a business delegation to Sri Lanka from today to 19 May 2016, the Foreign Ministry said. A four-member business delegation with interests in the apparel industry and renewable energy from Euro Green Power Ltd, Moving […]
CA Sri Lanka to teach Forensic Accounting to combat fraud
May 18, 2016 (LBO) – Sri Lanka’s Institute of Chartered Accountants has launched a course in Forensic Accounting to help combat fraud in the country, a statement said. President of CA Sri Lanka, Lasantha Wickremasinghe said that amidst increasing fraud and corruption, the institute has taken steps to ensure that public expectations are met with […]
Ceylon Chamber and A-PAD launch disaster relief campaign
May 17, 2016 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce and the National Platform of the Asia Pacific Alliance for Disaster Management (A-PAD) has launched an emergency relief campaign to help thousands of people affected due to prevailing bad weather. Accordingly, the Chamber appeals to its members and the business community to come forward […]
MTD Walkers expands to Maldives
May 16, 2016 (LBO) – Integrated infrastructure and engineering solutions provider MTD Walkers announced today that it has expanded its operations to the Maldives. Walkers CML International (Private) Limited, a subsidiary of MTD Walkers PLC was incorporated in the Maldives to meet the growing demand of infrastructure development activities in the country. The group also […]