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Next RIU international investor forum to kick-off in the Maldives
(PRESS RELEASE) – As part of an ongoing and sustained effort to connect Sri Lankan businesses with the global diaspora and with foreign investors looking at investing in Sri Lanka, Research Intelligence Unit (Pvt) Ltd. (RIU) will be hosting its next prestigious RIU Investor Forum 2019 along with the event’s platinum partner-Marina Square by Access Engineering, in the Maldives […]
Sri Lanka Tea export volumes and revenue up in Jan 2019
Feb 21, 2019 9LBO) – Sri Lanka tea export volumes for the month of January 2019 totalled 23.6 M/kgs, showing a gain of 2.7 M/kgs from the same period last year, a new report showed. Tea bags and Packeted tea have shown a growth during the period under review, whilst Bulk tea has shown a […]
First Capital Research expects a continuation of policy rates at current levels
Feb 21, 2019 (LBO) – First Capital Research said it expects a continuation of monetary policy rates at current levels although they recognize an increased probability of 10 percent for a rate cut considering the prevailing below par GDP growth and sluggish credit growth. First Capital Research expects the Central Bank to keep Statutory Reserve […]
Seylan Bank reports PAT of Rs.3,189Mn for year ended 31st Dec 2018
Feb 21, 2019 (LBO) – In a challenging external environment, Seylan Bank recorded a Profit-after-Tax of Rs. 3,189 Million for the year ended 31st December 2018 after one-off adjustment of Rs. 1,135 Million to resolve the long standing issue of additional gratuity. The Bank’s advances grew by 16.4% while the deposit base grew by 16.4%. […]
Five few BOI projects to start in Jaffna
Feb 20, 2019 (LBO) – The Jaffna District is one of the main districts in the Northern Province which the Board of Investment (BOI) has targeted for development through Foreign Direct Investments. Among the existing investments under BOI in the Northern Province are 6 Apparel Manufacturers and 15 other projects.When these are all operational the […]
Japan’s Odakyu Group partners TAD Group for Rs.4.5Bn investment in Sri Lanka
Feb 21, 2019 (LBO) – Japan’s Odakyu Group, a firm with interests in transport, real estate and retail together with the TAD Group is expecting to investment of 4.5 billion rupees with a number of significant further investment mandates to bolster the Sri Lankan economy over the upcoming years. One of its most significant ventures […]
Sri Lanka to introduce a Master Plan for Northern Province economic development
Feb 20, 2019 (LBO) – Sri Lanka’s government is to launch a framework for economic development in the Northern Province with the co-operation of UN agencies and the bilateral donors including those funding development projects in the North. The Framework will reflect upon the past decade of post-war development and identifies priorities for policy design, […]
Advocata Institute to host Asia Liberty Forum 2019 in Sri Lanka
Over 200 participants, comprising leading academics, policy makers and intellectuals from over 30 countries will come together in Colombo, Sri Lanka for the 2019 Asia Liberty Forum to discuss challenges facing the Asian region and to learn from each other on how to most effectively advance free-market reforms. Asia Liberty forum is an annual event […]
Reducing gender gap boosts Sri Lankan economy, says WB VP for South Asia Region
Feb 20, 2019 (LBO) – The World Bank Vice President for South Asia Region, Hartwig Schafer concluding his three-day visit to Sri Lanka said the banks is commitment to work with public and private sectors to create the space for women to access work and remain at work. Evidence suggests that Sri Lankan women are […]
Sri Lanka Ports Authority partners with Ironman 70.3 triathlon in Colombo
Sri Lanka Ports Authority is pleased to announce its partnership with the Ironman 70.3, one of a series of long-distance triathlon races, going to be held in Colombo on next Sunday (24 February) for the second consecutive year. Around 739 athletes from 58 countries will swim, cycle and run, covering a distance of 113 kilometres […]
Sri Lanka could grow 20-pct in long-run by closing gender gap: WB Vice President
Feb 20, 2019 (LBO) – Sri Lanka specifically could grow its economy by as much as 20 percent in the long-run by closing the gender gap in the workforce, emphasized World Bank Vice President for South Asia Region Hartwig Schafer quoting data from an IMF study.Evidence suggests that Sri Lankan women are excelling in higher […]
Planters’ Association of Ceylon reiterates that Rs. 750 daily wage final
Feb 19, 2019 (LBO) – Planters’ Association of Ceylon reiterates that the new collective agreement between Regional Plantation Companies and estate sector trade unions is already binding. “It does not require any further action from any other stakeholders in order to proceed with the new wage among the RPC sector,” Secretary General of the Planters’ Association, Lalith Obeyesekere said. […]