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Piramal Glass Ceylon turnover crosses Rs5bn in 9 months to Dec
For the nine months ended 31st Dec,2016 the overall turnover crossed Rs.5 Bn mark. The total Turnover showed a growth of 6% from Rs 4,817 Mn to Rs 5,108 Mn. This was contributed by 7% growth in domestic sales from Rs 3,888 Mn to Rs 4,149 Mn & 3% increase in export sales of Rs […]
How new visa changes can influence Sri Lanka’s real estate market
Five years ago, Sri Lanka’s government imposed stricter rules on visa requirements. This happened as part of an on-going process to improve administrative procedures following the end of the war in 2009. Since the new visa laws were proposed, a new government has come into power. What impact do the new visa requirements and this […]
Australia and Sri Lanka joint statement on bilateral cooperation
JOINT STATEMENT BY THE PRIME MINISTERS OF AUSTRALIA AND SRI LANKA 1. Hon. Ranil Wickremesinghe, Prime Minister of the Democratic Socialist Republic of Sri Lanka paid an official visit to Australia from 13 -17 February 2017 at the invitation of Hon. Malcolm Turnbull, Prime Minister of Australia, accompanied by Hon. Wijith Wijayamuni Zoysa, Minister of […]
Opinion: Five customer experience trends for 2017
By Dinesh Jebamani Customer experience may have become a buzzword for marketers, but it also holds great significance for developers, and designers, as building customer-centric interfaces and apps is now a necessity. In 2016, we saw many businesses strive to make their customer experiences richer and better, and in 2017 we will see this effort […]
Sri Lanka senior citizens’ deposits up to Rs1.5Mn to get higher interest
Feb 15, 2017 (LBO) – Sri Lanka’s Finance Ministry said that it will increase the upper limit up to 1.5 million rupees for 15 percent special interest paid on fixed deposits maintained by senior citizens. Director General of Department of Development Finance said the treasury will pay 18,000 million rupees to cover the difference during the […]
Indonesia donates 5,000MT of rice to Sri Lanka
Feb 15, 2017 (LBO) The Indonesian government will donate 5,000 metric tonnes of rice to Sri Lanka following a request of President Maithripala Sirisena through the local ambassador in Jakarta. The consignments to be shipped in a few days are expected to arrive in Colombo in March, the Sri Lankan Foreign Ministry said in a statement. […]
New Zealand Aid Programme announces Commonwealth Scholarships for Sri Lanka
(PRESS RELEASE) – The New Zealand Government has announced its fresh round of Commonwealth Scholarships for Sri Lankan students who wish to commence programmes of study at New Zealand academic institutions in 2018. The application process opens on February 15 and closes on March 30. “New Zealand and Sri Lanka share an important and growing relationship, which is built […]
Sri Lanka assumes Chair of Asia-Pacific Group at United Nations in Vienna
(PRESS RELEASE) – H. E. Ambassador Priyanee Wijesekera assumed the Chairmanship of the Asia-Pacific Group at United Nations in Vienna from Philippine. In this honourable role, Sri Lanka is coordinating communication and organization of meetings between the 54 members of Asia-Pacific Group and the United Nations Organizations in Vienna. Furthermore, H. E. Ambassador Priyanee Wijesekera […]
More public-private collaboration needed during humanitarian crises: WEF
Feb 15, 2017 (LBO) – Public-private collaboration in the humanitarian space is being discussed, as highlighted at the recently concluded World Economic Forum, with options mapped out for greater “digital humanitarianism. ” The humanitarian programme of the World Economic Forum, at the Annual Meeting 2017 in Davos-Klosters, Switzerland last month, provided a platform to discuss […]
‘s national insurance scheme
Feb 15, 2017 (LBO) – Sri Lanka has taken a step forward in its policy making by introducing a national insurance scheme, the World Food Program said. Executive Director of World Food Program Ertharin Cousin said that the WFP can provide technical assistance to deal with natural disasters such as floods, earth slips or drought. “Technical assistance […]
Fitch revises Sri Lanka Insurance & SLT outlook to stable from negative
Feb 14, 2017 (LBO) – Sri Lanka’s Fitch Ratings has revised the outlook on Sri Lanka Insurance Corporation’s insurer financial strength rating to stable from negative, and affirmed its rating at ‘B+’. Meanwhile, the rating agency has also revised the outlook on Sri Lanka Telecom long-term foreign- and local-currency issuer default ratings to stable from […]
Hayleys 3Q16 profits grow by 8-pct to Rs.1.1Bn
(PRESS RELEASE) – Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended 31st December 2016 (3Q16). Revenue during the quarter increased by a sharp 27% YoY up to Rs. 30 billion buoyed by strong performances across in the Group’s Agriculture, Construction Materials […]