Category:
Sri Lanka’s Distilleries December net up 10.7 pct
Feb 08, 2016 (LBO) – Net profits at Sri Lanka’s Distilleries Group, the island’s largest alcohol maker, rose 10.7 percent to 1.78 billion rupees in the December 2015 quarter form a year earlier, interim accounts showed. In the December quarter, total revenues rose 36 percent to 23.58 billion rupees and cost of sales rose at […]
Sri Lanka official reserves drop by USD1bn in January
Feb 08, 2016 (LBO) – Sri Lanka’s official reserves have dropped by one billion US dollars to 6,301. 25 million dollars in January 2016 from 7,303.64 million dollars from a month ago, Central Bank data showed. Sri Lanka’s reserves are categorized in terms of five main items namely: foreign currency reserves, IMF reserves, special drawing […]
Hambantota port has high potential to boost tourism sector: Capt. Carsjens
Sri Lanka’s Hambantota port has potential to boost the tourism sector of Sri Lanka, Marco Carsjen, cruise ship Captain, MS Rotterdam said. He said the Hambantota port was also famous as a green port, among tourists. “It is easy to access the port for the ships of this size. It is nice experience for us […]
Interview: Sri Lanka centrally placed, ETCA will open more doors, says Harsha
Feb 08, 2016 (LBO) – The stage is now set for Sri Lanka to be the driving force in the South Asian region, Deputy Minister of Foreign Affairs said. “We have the god given advantage of being in the middle of this (the region) and we need to utilize this,” Harsha de Silva, Deputy Minister […]
PTL Watch: Attention on long term Sri Lanka maturities
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/02/08th-February-2016-PDF.pdf”]
Jordan to issue quick visas to Sri Lankan businessmen
Jordanian envoy to Sri Lanka His Excellency Hassan M. Al Jawarneh says, his embassy will help Sri Lankan businessmen to access quick visas to Jordan. However, he said, such a request should be recommended by the Ceylon Chamber of Commerce, the country’s premier business Chamber. This was mentioned when His Excellency Al Jawarneh and the […]
Sri Lanka tourist arrivals up 24.3-pct in Jan 2016
Feb 08, 2016 (LBO) – Sri Lanka’s tourist arrivals were up 24.3 percent to 194,280 in January 2016 from a year ago, latest statistics show. Arrivals from India grew 26 percent to 28,895 in January 2016 from a year ago while Chinese visitors rose 122 percent to 26,083, data from the tourism office said. In […]
Cycling encouraged in Sri Lanka Megapolis transport plan
Feb 08, 2016 (LBO) – Sri Lanka’s Megapolis plan for the Western region aims to promote bicycle usage as a mode of transportation as it is environmentally friendly, reduces emissions and fuel costs and improves public health, the report states. This is one aspect of intervention to improve transportation in the Western region, a copy […]
Labour cost not critical to attract multinationals: economist
Feb 08, 2016 (LBO) – Inter-country differences in labour cost do not seem to explain differences among developing countries in their success in joining global production networks, an economist said. Global production networks or GPN refer to interrelations among global firms specializing in different segments of a given product. These networks focus on vertically integrated […]
Pak – Sri Lanka – Maldives trilateral military exercise
Chief of Army Staff General Raheel Sharif visited National Counter Terrorism Training Centre, Pabbi and witnessed Pak – Sri Lanka – Maldives Trilateral Exercise “ Eagle Dash-I”, today. Two weeks long exercise was focused on counter terrorism operations and sharing of field combat experience of three Armed forces. Owing to the successes of Operation Zarb-e-Azb, […]
IMF urges Sri Lanka govt to narrow fiscal deficit
Feb 05, 2016 (LBO) – The International Monetary Fund urged the Sri Lankan government to narrow the fiscal deficit after a staff mission to Colombo this week to discuss economic developments. “The mission has advised the government to urgently make a stronger effort to narrow the fiscal deficit and put the public finances on a […]