Category:
Work Practices
June 20, 2013 (LBO) – A minimum age for employment may be raised to 16 years from 14 if proposals in a national policy on youth are adopted, officials said. Sri Lankan children however have had problems, especially in the past, where school-going age children in poor families were taken out of school and sent […]
Sri Lankan Airlines sign up 4 A350XWBs and A330s
June 20, 2013 (LBO) – Sri Lankan Airlines had signed a deal with Airbus to buy four A350-900 and six A330-300 aircraft, powered by Rolls Royce engines in the first phase of replacing its aging long haul fleet. “The winning combination of A330s and A350 XWB will allow SriLankan Airlines to offer the highest levels […]
Sri Lanka to exempt foreign owned insurers from listing
June 20, 2013 (LBO) – Sri Lanka will exempt foreign owned insurers from a compulsory requirement to list on the stock exchange, according to a proposal approved by the cabinet of ministers.Sri Lanka’s insurance law now requires all insurers to list by February 11, 2016 and insurers registered with the Insurance Board of Sri Lanka […]
Rights group condemn Sri Lanka media code
June 20, 2013 (AFP) – International rights groups on Thursday condemned moves by Sri Lanka’s government to introduce a code of ethics for journalists, saying it would further undermine press freedom.Local journalists have already criticised the planned media code, which is set to be adopted shortly by lawmakers, as being too sweeping and now international […]
Sri Lanka-EU investor forum in Colombo
June 20, 2013 (LBO) – A European Union – Sri Lanka Investor Dialogue will take place in July 09 in Colombo, to foster explore new partnerships and expand existing ones, a business chamber of businesses linked to Europe said.The European Chamber of Commerce of Sri Lanka (ECCSL) said investment promotion minister Lakshman Yapa Abeywardene and […]
‘s Treasuries yields flat
June 19, 2013 (LBO) – Sri Lanka’s Treasuries yields were kept flat at Wednesday’s auction with 10.75 billion rupees in bid accepted after offering 12.0 billion for rollover, data from the state debt office showed.The spot US dollar was trading at 128.50/55 in afternoon trade Wednesday, dealers said around the same levels at Tuesday’s closing […]
Sri Lanka former war-zone agri produce on show
June 19, 2013 (LBO) – Farmers in Sri Lanka’s former war zones in the North and East are cultivating more land but need modern technology to improve yields, officials who are organizing a trade show to link them to buyers said.Under tariff protection, where prices are higher than the rest of the world, there is […]
Innovative Education
June 19, 2013 (LBO) – Sri Lanka’s fee-levying higher education institutes are drawing on technology and cost management strategies to make services affordable to students and maintain quality, officials said.Overseas education is very expensive for students and parents and it is not affordable to many. Affiliated colleges with a local partner are more affordable. UK’s […]
SriLankan Airlines starts mobile check-in
June 19, 2013 (LBO) – State-run SriLankan Airlines said it is offering mobile check-in and access to its loyalty program and other services for customers with smartphones.A mobile application developed with Virtusa Corporation, a software firm, allows passengers to select their seats and check up to two hours before departure. “Customers are increasingly accepting high-tech […]
‘s Jayawardene
CARDIFF, June 19, 2013 (AFP) – Sri Lanka’s Mahela Jayawardene is under no illusions about the scale of the task confronting his side when they face India in a Champions Trophy semi-final in Cardiff on Thursday.The latest high-profile one-day international contest between the teams is a repeat of the 2011 World Cup final in Mumbai. […]
Sri Lanka stocks close down 0.4-pct
June 18, 2013 (LBO) – Sri Lanka’s stocks closed down at 0.42 percent on Tuesday, continuing its downward trend with investors taking profits and index heavy stocks continuing to drop, brokers said. The benchmark Colombo All Share Index closed 26.11 points lower at 6,193.00 and the S&P SL 20 Index closed 0.33 points higher at […]
Term Funds
June 18, 2013 (LBO) – Sri Lanka’s National Development Bank Plc said it had got 24 million US dollars through a 10-year loan from the International Finance Corporation, a multilateral lender which will be used to finance small businesses. “IFC’s investment brings the required long-term financing which will help NDB to promote the much needed […]