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Sri Lanka businesses; 90% sole ownership, 25% run by females: Census and Statistics Dept.
July 15, 2015 (LBO) – Sri Lanka has over 90 percent of sole ownership businesses in the island while 25 percent of the establishments are run by women entrepreneurs, a recent census showed.The Census and Statistics Department released data of its first Economic Census 2013/14 on the Industry, Trade and Services sectors. “The census has […]
Aspirations International Education Exhibition launched
Aspirations International Education Exhibition launched for the 9th consecutive year Launches Aspirations World of Medicine an initiative focused on high quality medical education career guidance Aspirations Education (AE) one of the leading international education, career guidance and student placement service centers in the country, launched its global education exhibition for the 9th consecutive year. This […]
Mahinda Rajapaksa will be defeated again: Maithri (FULL VIDEO)
July 14, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa who was defeated on January 8th will be defeated again, President Maithripala Sirisena said. Making a special statement, the President said 49 years of experience in politics was one of the reasons they selected him as the common candidate. “Although some have criticized me […]
Sri Lanka Litro to reduce gas prices: Can further reduce after exposing corruption
June 14, 2015 (LBO) – Sri Lanka’s state run, Litro Gas Lanka says it will reduce the prices of Litro Gas refills with effect from mid night, today.“We are pleased to inform our customers that due to the new policies and procedures adopted, we have obtained the necessary approval to reduce our prices of Litro […]
Sri Lanka sells Rs15.72bn in three and eight year bonds
July 14, 2015 (LBO) – The issue of treasury bonds amounting to 20.00 billion rupees have been oversubscribed with 50.97 billion rupees of bids received from investors. The Central Bank has accepted 4.67 billion rupees of three years and three months bonds maturing on 15 October 2018 at a weighted average yield rate of 8.18 […]
Sri Lanka stocks close up 0.3-pct Turnover low
July 14, 2015 (LBO) – Sri Lanka’s stocks closed up 0.35 percent on Tueasday, for a fourth consecutive session with telecom stocks continuing to showing gains, brokers said. The Colombo benchmark All Share Price Index closed 24.22 points higher at 7,027.10 up 0.35 percent. The S&P SL20 closed 3.84 points higher at 3,920.13 up 0.10 […]
Sri Lanka’s growth rate in past two years disturbed after GDP rebasing: Nivard Cabraal
July 14, 2015 (LBO) – Sri Lanka’s GDP growth rate in the past two years have been disturbed by a sinister action of politicians, former Governor of the Central Bank charged. Former Governor of the Central Bank Ajith Nivard Cabraal speaking at a special press briefing told reporters Tuesday that the new growth rate of […]
Sri Lanka’s People’s Merchant Finance removes CEO
July 14, 2015 (LBO) – Sri Lanka People’s Merchant Finance, a subsidiary of People’s Bank of Sri Lanka said it removed the Chief Executive Officer and director of the company following a directive of Monetary Board. The company said, that in term of section 25(1) (h) of the Finance Business Act, the Monetary Board has […]
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July 14, 2015 (LBO) – Fitch Ratings Lanka has downgraded Siyapatha Finance PLC’s (SLFL) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’ with a stable outlook, the rating agency said in a statement. The agency has also downgraded the National Long-Term Ratings on SLFL’s outstanding senior unsecured debentures to ‘A-(lka)’ from ‘A(lka)’ and outstanding subordinated debentures […]
Sri Lanka tea plantation workers offered a wage hike
July 14, 2015 (LBO) – Sri Lanka’s regional plantation companies (RPCs ) said they are raising the daily pay for 1000 rupees to meet labour union demands but only if workers agree to improve their productivity and pluck more tea.Plantation worker earns 620 rupee wage at present. “While the RPCs are finding even the present […]
Sri Lanka restricts mobile phone services at Yala national park
July 14, 2015 (LBO) – Sri Lanka restricts mobile phone services at Yala national park to minimise the danger from rushing safari vehicles to show animals to visitors. Yala is one of the busiest national park in the Island but, also a unique conservation site for leopards and other threatened fauna and flora. The park […]
‘s entry fees higher than region: Report
July 14, 2015 (LBO) – Sri Lanka’s tourist attractions entry fee charge between local and foreign visitors is higher when compared to other countries in the region, a recent report said.“Along with regional countries such as Malaysia, Thailand and China, Sri Lanka too charges a two-tier price system whereby foreigners are charged a higher price,” Bartleet […]