Category: Other
Sri Lanka to obtain USD330Mn World Bank loan for climate mitigation
Jun 06, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved the implementation of phase 1 of a multi-phase program for mitigation of climate disadvantages. The proposal was presented by Mangala Samaraweera, Minister of Finance to hold loan negotiation discussions and enter into financial agreement with the International ank for Development and Reconstruction to implement […]
Sri Lanka tea prices down in May 2019
Jun 06, 2019 (LBO) – Sri Lanka’s tea prices or national average for May 2019 were down to 51.69 rupees vis-à-vis May 2018 with medium and low growns showing the biggest deficit, a report shows. “In first 5 months of year, prices show a decrease of 41.64 compared to 2018,” Forbes and Walker Tea Brokers […]
SriLankan Airlines, official airline partner of Melbourne’s Great Ocean Road Running Festival
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance continuing to establish its brand presence in Australia, became the official airline partner of the Great Ocean Road Running Festival, recently. The Airline was also the title sponsor of the much sought after 6 km race of the Festival. Known […]
Mobitel Partners M3Force to launch largest Monitoring and Response Center in Sri Lanka
Mobitel, Sri Lanka’s National Mobile Service Provider, has joined hands with M3Force to launch the largest Monitoring and Response (MnR) Center in Sri Lanka, which offers integrated intelligent security solutions for prevention and management of critical solutions in both pre and post situational scenarios. While surveillance is the need of the hour, lack of trained […]
UN launches open platform to support Sri Lanka’s policy making
Jun 03, 2019 (LBO) – United Nations in Sri Lanka together with Ministry of National Policies and Economic Affairs, launched UNLOCKED; an innovative and inclusive platform to support policy development. UNLOCKED provides future changemakers the opportunity to speak up, share research and reach out to experts.The platform aims to enrich Sri Lanka’s policy making process […]
CDB profit before tax surpasses Rs 2.7bn, now among top 5 NBFIs
Citizens Development Business Finance PLC (CDB) reinforced its dominance as a disruptor in the financial intermediary business in Sri Lanka with its exceptional financial results for FY 2018/19, posting profit before taxes of LKR 2.7 Bn, an increase of 34% as per the interim group financial results released to the CSE. Within its relatively short […]
SriLankan Airlines to resume services to Karachi
SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi on 1st June 2019. Sri Lanka’s National Carrier will operate five weekly flights on Tuesday, Thursday, Friday, Saturday and Sunday, with flights arriving in Karachi at 15:10 hours and departing Karachi at 16:10 hours. Some of the international flights into Pakistan were suspended following […]
Sunshine Holdings PAT down 36.5-pct; top-line growth 6.9-pct in FY18/19
Divestiture of Tea plantation business in May 2019 Consolidated revenue of Rs. 22.6 billion, an increase of 6.9% YoY PAT amounted to Rs. 1.1 billion, down 36.5% YoY Healthcare revenue up 14.1% YoY to Rs. 9.3 billion Consumer revenue continues its growth, up 8.9% YoY to Rs. 5.9 billion Diversified Sri Lankan conglomerate Sunshine Holdings […]
Samsung redefines SMART TV with the launch of Unbox Magic Series
Samsung Sri Lanka today announced its latest Smart TVs with industry first unique benefits such as Personal Computer, Music System , Live Cast and Two Way Sharing. The new TV line up along with these never-seen-before benefits will redefine the term ‘Smart’ in Smart TVs and take your home entertainment experience to a whole new level. […]
Australia returns illegal immigrants from failed people smuggling vessel
Twenty Sri Lankan national illegal immigrants were returned to Sri Lanka yesterday from a people smuggling vessel targeting Australia. Australia remains committed to protecting its borders, stamping out people smuggling, and preventing people from risking their lives at sea. Australian High Commissioner, David Holly, warned anyone considering illegal migration not to be fooled by the […]
Ravi Fernando highlights need to embed corporate sustainability subject into curriculums
Well known strategic corporate sustainability guru Dr. Ravi Fernando has emphasized the crucial need for professional and academic programmes to integrate the corporate sustainability subject into the curriculum to ensure future business leaders understand the increasing importance of working towards safeguarding the planet. Speaking at a seminar organized by the Institute of Chartered Accountants of […]
Sri Lanka introduces an electronic Government Procurement System
Remarks made by Mangala Samaraweera, Minister of Finance at the launching event of the Electronic Government Procurement (e-GP) System on 29th May 2019 Let me first of all thank my Ministry officials, particularly Director-General Algama and his team of the Public Finance Department, for yet again achieving an important benchmark in realizing more transparency and […]