Category: Industry
Sri Lanka’s NDB to issue debenture
June 08, 2015 (LBO) – Sri Lanka’s National Development Bank says it will issue 75,000,000 debt with room to offer further.The company said that it will issue 75,000,00 rated , unsecured, subordinated, redeemable debentures with an option to issue up to a further 25,000,000 debentures at the discretion of the bank in the event of […]
Sri Lanka, Pakistan trade drops by USD100mn in 2014
Jun 08, 2015 (LBO) – The newly appointed Pakistani High Commissioner to Sri Lanka, Syed Shakeel Hussain has expressed concerns over the decrease in trade between the two countries by 100 million US dollars, a statement said. “This is a saddening thing, especially in the backdrop of a Free Trade Agreement existing between the two […]
Demand for Sri Lankan tea could remain depressed: Brokers
June 8, 2015 (LBO) – The demand for Sri Lankan tea will remain depress in the future pertaining issues in the important tea export destinations, a leading broking house said. “The demand for tea could remain depressed in the short term due to issues across some of the key export destinations for Sri Lankan tea,” […]
Tourist arrivals in Sri Lanka up 26-pct in May 2015
Jun 06, 2015 (LBO) – Tourist arrivals in Sri Lanka increased 26 percent from a year earlier to 113,529 in May 2015, with growth in seen in the Chinese and Indian arrivals, data from the state tourist promotion agency showed.Chinese tourists were up 71 percent to 12,173 while Indian arrivals were up 38.2 percent to […]
“No fuel shortage in Sri Lanka” Minister
Jun 06, 2015 (LBO) – Sri Lanka’s Power and Energy Minister said that there is no fuel shortage in the Island and that adequate stocks are available. Issuing a statement Minister Champika Ranawaka denied that there is any fuel shortage at the 1,186 pumping stations across the Island. “Supply shortages might hit IOC outlets on […]
John Keells Hotels says social media and online marketing will boost brand presence
June 5, 2015 (LBO) – Sri Lanka’s John Keells Hotels, a leading hotel operator with a portfolio of 11 hotels and 1,336 rooms in Sri Lanka and Maldives says that company’s social media strategy and online marketing strategy will help boost brand presence in the global tourism market. “Our Company remains positive that the newly […]
Netherlands To Explore Opportunities In Sri Lanka’s Dairy Sector
Jun 05, 2015 (LBO) – A Dutch delegation of dairy companies will visit Sri Lanka in June to explore doing business with local firms and support the island’s dairy industry, the embassy said in a statement.“This visit should result in long term business activities which will contribute towards economic development in Sri Lanka and the […]
Sri Lanka State Sector Workers Need Training To Improve Efficiency: Eran
June 5, 2015 (LBO) – Sri Lanka’s state sector employees need training to provide a more efficient and professional service to the public, which will be a top priority of the government, Deputy Minister of Highways, Higher Education and Investment Promotion, Eran Wickramaratne told LBO.“Sri Lanka expects a highly professional and efficient public service. So […]
Ornamental Fish Exports +17% in 2014; Highest ROI In Export Sector
Jun 04, 2015 (LBO) – Sri Lanka’s ornamental fish exports has grown 17 percent in 2014 with the sector showing the highest return on investment in the country’s exports, a senior official said in a statement.“The ornamental fish sector has a great promise for exports growth,” Bandula Egodage, Chairman, Export Development Board said in a […]
Ceylinco Insurance Separates General And Life Businesses
June 03, 2015 (LBO) – Sri Lanka’s Ceylinco Insurance said that it separated its insurance business to continue as two different entities- Ceylinco Life Insurance and Ceylinco General Insurance. The company said in a filing to CSE that this decision was taken in keeping with section 53 of the regulation of the insurance industry (amended) […]
Windows 10 to be released July 29; Microsoft reveals pricing structure
June 03, 2015 (LBO) – Washington based software giant Microsoft said its next major operating system release; Windows 10 will become available from 29 July 2015.Windows 7 and 8 licensed users will be available to download Windows 10 as a free product for a year after its initial release.Licensed users can reserve an upgrade from […]
Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO
June 3, 2015 (LBO) – Sri Lanka’s state run airline needs to think out of the box to keep up with rapidly changing industry trends, the new Chief Executive of the national carrier, SriLankan Airlines said.“Discerning customer expectations have started revolving around the unique and innovative airline and aviation related products that service-providers have to […]