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Ceylon Chamber of Commerce seminar to analyze national Budget 2019
Feb 27, 2019 (LBO) – Ceylon Chamber of Commerce will hold its annual National Budget seminar on 7th March 2019 that will discuss the implications of key policy changes in Budget 2019 and if it will be positive towards enhancing investments to strengthen Sri Lanka’s economic future.This seminar serves as an important opportunity for the business […]
SriLankan cancels Thursday’s flights to Karachi and Lahore
Feb 27, 2019 (LBO) – SriLankan Airlines has canceled flights to the Pakistani cities of Karachi and Lahore scheduled for Thursday, following the temporary closure of Pakistani airspace by the Civil Aviation Authority of Pakistan.Passengers who were booked to fly to Karachi and Lahore are kindly advised to contact their travel agents and visit www.srilankan.com for […]
Resus Energy to invest Rs.1.3Bn in hydro and solar power projects in Sri Lanka
Feb 26, 2019 (LBO) – Resus Energy PLC a renewable energy firm says they will be investing a staggering 1.3 billion rupees hydropower and solar power projects during this year. These projects have been structured with focus to generating renewable and sustainable energy combining the latest tech and an environmentally responsible business proposition, the Company said issuing […]
Increased exports in Sri Lanka can improve jobs, raise wages: report
Feb 26, 2019 (LBO) – Increasing exports can lead to better jobs and higher wages in Sri Lanka, including more formal jobs for women, a new report launched today in Colombo, showed. The report also highlighted that the labor market policies can help different groups of workers to acquire the right skills and to ensure that the […]
LOLC Group crosses Rupees Trillion mark with total assets reaching Rs1Tn
Sustaining its unblemished track record in performance, the LOLC Group crossed the Rupees Trillion mark, with total assets reaching Rs 1.008Tn, as at December 2018. This significant achievement is on account of the Group’s consistently resilient financial sector – both local and international, coupled with its strategic investments in non-financials sectors – Leisure, Plantations, Construction, […]
Ceylon Chamber of Commerce calls export SMEs to apply for on-the-job coaching
Feb 26, 2019 (LBO) – Ceylon Chamber of Commerce (CCC) requests export SMEs that has a high potential for growth to apply for an on-the-job coaching programme to improve their export competitiveness. Export SMEs facing various difficulties and challenges pertaining to the successful handling of their exports are eligible to receive this coaching assistance free […]
‘s vehicle registrations rebounds in Jan 2019
Feb 26, 2019 (LBO) – Sri Lanka’s vehicle registrations in the month of January 2019 on most categories have rebounded after witnessing a steep decline in December, data from a new report showed. Motor car registrations recorded 3,147 units in January up from 2,669 units in December but significantly down from 5,318 units 12 months […]
‘s Ceylinco Life posts income of Rs.29.2Bn; PBT of Rs7.2 Bn in 2018
Feb 26, 2019 (LBO) – Ceylinco Life has reported total income of 29.21 billion rupees for the year ending 31st December 2018 and recorded premium income of 17.8 billion rupees, an improvement of 13 percent over the previous year. Announcing its 15th consecutive year of market leadership in Sri Lanka’s life insurance industry, Ceylinco Life […]
‘s HNB Group profit after tax up 14-pct to Rs.19Bn for 2018
HNB Group recorded a Profit Before Tax of Rs 26.5 Bn and a Profit After Tax of Rs 19.1 Bn, posting a YoY growth of 14.6% and 14.4% respectively for the year ended 2018 in a clear demonstration of the resilience of the Group’s robust business model despite an array of challenges faced by the […]
Financial Action Task Force endorses initial progress made by Sri Lanka
Feb 25, 2019 (LBO) – Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), has made the initial determination that Sri Lanka has completed its action plan. However, that warrants an on-site assessment to verify that the implementation of Sri Lanka’s AML/CFT reforms has begun […]
Green Book wins Oscars for best picture, Rami Malek & Olivia Colman tops in acting
Feb 25, 2019 (LBO) – Green Book, a film about a black musician and his white chauffeur driving in the segregated South, won the best picture at the 91st Academy Awards on Sunday.Green Book wins Oscars for best picture, best original screenplay, and best supporting actor while other nominees for best picture included Black Panther, […]
Fitch affirms ratings of HNB Finance, Siyapatha Finance & Singer Finance
Feb 25, 2019 (LBO) – Fitch Ratings has affirmed the National Long-Term Ratings of HNB Finance, Siyapatha Finance, and Singer Finance with a stable outlook. Accordingly, Fitch has affirmed the National Long-Term Rating of HNB Finance at A(lka) while affirming the National Long-Term Rating of Siyapatha Finance at A-(lka). Fitch Ratings has also affirmed Singer Finance […]