Category: Other
XpressJobs becomes Sri Lanka Institute of Marketing preferred recruitment provider
XpressJobs.lk signed a partnership with SLIM (Sri Lanka Institute of Marketing) as SLIM’s preferred recruitment provider on May 24th 2018. This allows all SLIM graduates to get a job through XpressJobs.lk as soon as they finish their studies at SLIM. “We have a section on our website with jobs which require the SLIM qualification. When […]
Global black tea production to go up 2.2-pct annually over next decade: Report
May 28, 2018 (LBO) – World production of black tea is projected to rise annually by 2.2 percent over the next decade to reach 4.4 million tonnes in 2027, reflecting major output increases in China, Kenya and Sri Lanka. Releasing a new report about global tea consumption and production, Food and Agriculture Organization’s Intergovernmental Group (IGG) […]
CAL to create platform Sri Lankan investors can access regional capital markets
Capital Alliance (CAL) has signed an MoU with AKD Securities Limited and Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia’s leading frontier markets. The MoU, which comes against the backdrop of the successful inaugural South Asia Investor […]
JVP hands over draft proposal of 20th amendment to the Constitution to Speaker
The JVP today handed over the draft proposal of the 20th amendment to the Constitution as a private members bill to the Speaker of Parliament.
Austrian banks grant Rs2.7bn interest free loans for university & health sectors
May 24, 2018 (LBO) – Two Austrian banks have provided over 2.7 billion rupees worth interest free loans for health sector development and to improve university medical facilities, the Finance Ministry said. The Erste Bank of Austria has provided EUR 9.5 million (approximately SLR 1,810 million) interest free credit facility to enhance the access to […]
SLRA proposed VAT refund system for foreign tourists to be implemented in June
Sri Lanka Retailers’ Association (SLRA) delegation met with Mr. Mano Tittawella – Senior Advisor, Ministry of Finance & Media to discuss initiatives in creating new jobs and employment opportunities from the Organized Retail industry through its membership comprising of top local corporates entities towards partnering and supporting the Governments’ one million new jobs under its […]
Mastercard to transform Sri Lanka’s digital payments landscape with QR
Mastercard unveiled Mastercard’s Merchant Presented QR payment solution in Sri Lanka, a safe and secure Quick Response (QR) based mobile payments solution. The solution enables shoppers to safely pay using a mobile application with a standardized QR code support to scan the merchant-presented QR code, which works on smartphones. Ushering in a new era for […]
Ceylinco Life’s 2017 net profit grows to Rs 9.4 billionCeylinco Life’s 2017 net profit grows to Rs 9.4 billion
(PRESS RELEASE) IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced that its net profit for the year ending 31st December 2017 is Rs 9.467 billion, including a one-off surplus of Rs 3.456 billion generated by a change in the basis of the valuation […]
Sri Lanka adverse weather death toll at 13, Showers to continue
May 24, 2018 (LBO) – Sri Lanka’s death toll due to the prevailing adverse weather conditions had increased to 13 as rains are expected to peak on Thursday with showers or thundershowers to occur in Western, Southern, Sabaragamuwa, Central and North-Western provinces, reports said. The Disaster Management Centre (DMC) said 11 people were confirmed dead on […]
Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) – Sri Lanka’s tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year while bulk tea and tea bags show a marginal decrease, a new report shows. “When analyzing the total revenue realized of 17.1 billion rupees for April 2018, […]
Sri Lanka’s main problem, inability to move from apparel to advanced sectors: Hausmann
Prof. Ricardo Hausmann briefs BOI Staff on Economic development; the way forward discussed Prof. Ricardo Hausmann, Director of the Center for International Development and Professor of the Practice of Economic Development at the John F Kennedy School of Government, Harvard University visited BOI and addressed staff of the Board. The Professor was accompanied by other […]
Sri Lanka launches new budget Tuk Tuk Hostels
The launch of Tuk Tuk Hostels (TTH) marks a new addition to the budget accommodation offering for tourists in Colombo and embraces the youth hostel concept to its fullest. TTH caters to the expectations of young travelers and all those who value sharing, spontaneity and experience. Located down Thimbirigasyaya Road, Colombo 5, TTH offers a […]