Category: Industry
New Phone
September 10, 2014 (LBO) – Apple announced iPhone® 6 and iPhone 6 Plus, featuring two new models with 4.7-inch and 5.5-inch Retina HD displays, and packed with innovative technologies in dramatically thin and seamless design, the company said in a statement. Apple Press Info The new iPhones feature a precision unibody enclosure of anodized aluminum […]
Sri Lanka tourist arrivals up 13.8 -pct in August
September 08, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 13.8 percent to 140,319 in August 2014 from a year earlier, driven by China and India, data from the state tourism promotion office showed.Middle Eastern visitors were up 16.0 percent to 18,823 with arrivals from Saudi Arabis down 13.7 percent to 6,653 and UAE down […]
”
September 02, 2014 (LBO) – Sri Lanka’s John Keells Holdings opened 243 – room , lean luxury ,business hotel Sri Lanka’s capital Colombo yesterday (Sept 01) with an investment about 3.5 billion rupees officials said. As much as Cinnamon Red signifies the creation of a new tier within the Cinnamon Hotels and Resort Brand, it […]
New Appointments
September 02, 2014 (LBO) – Sri Lanka’s Monetary Board has appointed four new assistant governors with effect for 28 August this year to address the emerging challenges of the economy, the bank said in a media release. D Wasantha, C P A Karunathilake, H A Karunaratne and S R Attygalle to the post of Assistant […]
Ratings
September 02, 2014 (LBO) – Fitch Ratings has assigned Sri Lanka-based National Savings Bank’s (NSB; BB-/Stable) proposed issue of US dollar-denominated notes an expected rating of ‘BB-(EXP)’, the rating agency said in a media release.RATING SENSITIVITIES>b/> Any change in Sri Lanka’s rating or to the perception of state support to NSB could result in a […]
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, […]