Category: Industry
SriLankan Airlines celebrates 35th anniversary
September 01, 2014: SriLankan Airlines, the national carrier of Sri Lanka celebrates thirty-five years of flying, at the Airline Centre in Katunayake, today (Sep 1, 2014), the airline said in a media release. Founded in 1979, SriLankan has expanded its services to 89 destinations in 44 countries across the globe, operating around 260 weekly flights […]
Profit Gain
September 01, 2014 (LBO) – Sri Lanka’s Bank of Ceylon said profits before tax increased 20 percent to 8.6 billion rupees the first half of 2014 compared to 7.2 billion rupees in 2013. Deposits in foreign currency account for 26 percent with the remaining 74 percent in local currency. The total customer deposit base has […]
Online Solution
August 29, 2014 (LBO) – Sri Lanka is to launch an online support system focusing on the issues faced by the small and medium entrepreneurs in the island, Ministry of Industry and Commerce said in a media release. The tool will periodically present views and experiences of entrepreneurs and micro biz operating in formal and […]
New Appointment
August 28, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said K.M. Mahinda Siriwardana, Director General of Department of Fiscal Policy at the Ministry of Finance and Planning has been appointed non-executive director with immediate effect.Siriwardana is involved in activities related to tax policy, government revenue and overall macro-fiscal management in the Department of […]
Investment agreement
August 28, 2014 (LBO) -The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on the 25th August 2014, which enables the Central Bank of Sri Lanka to further diversify its reserves management activities into Chinese Renminbi denominated assets. As a result, the Central […]
Cricket: Pakistan field against Sri Lanka in first one-dayer
HAMBANTOTA, August 23, 2014 (AFP) – Pakistan captain Misbah-ul Haq won the toss and sent Sri Lanka in to bat in overcast conditions in the first one-day international in Hambantota on Saturday.The tourists were without their top spinner Saeed Ajmal, who has flown to Australia to undergo tests of his bowling action after being reported […]
Sri Lanka exports jump on EU, US demand for garments
COLOMBO, August 22, 2014 (AFP) – Sri Lanka’s trade deficit narrowed substantially this year thanks to increased demand for clothing exports to the United States and Europe, the island’s central bank said Thursday.Sri Lanka’s economy recorded growth rates of over eight percent in the first two years after ending a decades-long separatist war in 2009, […]
Sri Lanka ponder life after golden generation
COLOMBO, August 20, 2014 (AFP) – Sri Lanka are banking on young talent to see them through a transitional phase in Test cricket despite the departure of one batting great, another approaching retirement and an ageing spinner in the ranks. Former captain Mahela Jayawardene, who ended his 17-year Test career on Monday following the 2-0 […]
Achievement
Aug 20,2014 (LBO) -Sri Lanka’s MillenniumIT has been ranked the Most Respected IT Company in Sri Lanka for 2014 by the Lanka Monthly Digest’s annual rankings, the company says in the media release. MillenniumIT provides IT systems integration and capital markets software, both locally and globally. The company offer its servicers across North and South […]
” prompted Test retirement
COLOMBO, August 18, 2014 (AFP) – Mahela Jayawardene Monday said a “gut feeling” prompted him to quit Test cricket as he turned his attention to one last World Cup campaign after near-misses in 2007 and 2011.The modest former Test captain, one of only five batsmen to top 11,000 runs in both Test and one-day cricket, […]
Gentleman Jayawardene, the elegant run-machine
COLOMBO, August 18, 2014 (AFP) – One of the game’s most elegant stroke-makers, Mahela Jayawardene, enjoyed a fitting farewell to Test cricket at his home ground as Sri Lanka completed a 2-0 series sweep against Pakistan on Monday.Few cricketers exemplified the spirit of the game better than the gentlemanly 37-year-old, though his pleasant demeanour hid […]
Waste Management
Aug 15, 2014 (LBO) – Sri Lanka’s cabinet of ministers had approved a plan to haul solid waste from Sri Lanka’s capital Colombo to sanitary land in the northwest of the island by rail as part of a plan to produce power, a top official said.Waste will be taken in special locomotives and rolling stocks.The […]