Tag: lbo.lk
Sri Lanka’s services boom offsets manufacturing slowdown as PMI data shows uneven August recovery
Sri Lanka’s economy sent a mixed but broadly positive signal in August, as new Central Bank data show services activity accelerating sharply even as manufacturing growth lost momentum. The Purchasing Managers’ Index for Services jumped to 65.6 in August from 61.4 in July, marking an acceleration in what was already a strong expansion. The pickup […]
Chasing the next $3Bn: What it will take for Sri Lanka’s apparel sector to get there
For thirty years, Sri Lanka’s apparel industry has quietly powered the country’s export economy accounting for roughly 40% of merchandise export revenue and employing 300,000 to 350,000 people. That scale wasn’t accidental. It was built through deliberate government-industry planning dating back to the early 1990s. The first transformation, anchored by the 200 Garment Factories Programme, […]
“Pulle Madu” to medical school: record intake signals turning point for plantation sector welfare
Many generations ago, an estate child’s first years began in a cloth hammock strung up near the rows of tea bushes, so a mother could keep working within earshot of her infant. Later a corner in a line room was converted to establish Pulle Madu, where infants and toddlers were sheltered to ensure that plucking […]
Build buffers before the storm, Central Bank Governor tells reserve managers
Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe used the inaugural Reserve Management Conference in Colombo on 10 September to deliver a pointed message to central bankers from across Asia and beyond: the world reserve managers once knew no longer exists, and the old playbook needs rewriting. Addressing delegates at the opening of the two-day […]
Vipul Misra appointed as acting CEO of SriLankan Airlines
Vipul Misra has been appointed Acting Chief Executive Officer (CEO) of SriLankan Airlines, with effect from today (9 September). Bringing over two decades of aircraft engineering and aviation leadership experience, Misra’s background spans across significantly large commercial carriers including Air India, Vistara, Indigo, SpiceJet, Kingfisher Airlines, and Air Deccan. His comprehensive expertise across legacy, full-service, […]
Dr. Nandalal Weerasinghe to keynote Planters’ Association AGM
Governor of the Central Bank Sri Lanka, Dr. Nandalal Weerasinghe, will grace the 172nd Annual General Meeting of the Planters’ Association of Ceylon (PAC) as its Chief Guest. The AGM on Saturday, 19th September will bring together Regional Plantation Companies (RPCs), industry leaders and key stakeholders, to review the sector’s performance and shape strategies for […]
Singer partners with Mintpay to make every upgrade more flexible and rewarding
Singer, one of Sri Lanka’s largest and most trusted consumer durables retailers, has partnered with Mintpay, Sri Lanka’s premier payments platform, to give customers a more flexible and rewarding way to pay across its network. With this collaboration, Singer customers can now split the cost into three interest-free instalments with Pay Later or pay upfront […]
Vietjet’s three-day 9.9 sale offers fares from USD90 on flights to Vietnam
Vietjet is giving Sri Lankan travellers another reason to plan their next trip, with a three-day 9.9 sale featuring Eco tickets from USD90 one-way (inclusive of taxes and fees) and 22% off Deluxe base fares on its newly-launched Colombo–Ho Chi Minh City route. The sale runs from 22:30 on 7 September to 21:30 on 10 […]
Applications open for inaugural Geoffrey Bawa Moonamal award
The Geoffrey Bawa Moonamal Award has opened the call for applications for its inaugural Award cycle. Presented in partnership with the Wildlife and Nature Protection Society of Sri Lanka, the Award invites individuals and organisations across the country to submit implemented projects that demonstrate how human needs can be met while enabling nature and ecosystems […]
Sri Lanka International Insurance Summit 2026 advances regional dialogue on resilience, inclusion and insurance innovation
The Sri Lanka International Insurance Summit 2026 concluded in Colombo following three days of high-level discussions focused on strengthening the role of insurance in building economic confidence, protecting communities and supporting sustainable growth amid an increasingly complex global risk environment. Organised by the Insurance Association of Sri Lanka, the second edition of SLIIS was held […]
Adaptive resilience: Malwatte Valley harnesses tech and innovation to redefine plantation productivity
Since inception the plantation industry has served as a central pillar of the Sri Lankan economy. Tea in particular has been the lynchpin of the industry. Especially for globally renowned Regional Plantation Companies (RPCs) like Malwatte Valley Plantations PLC, whose teas are possessed of a globally unique terroir that emerges from the soil, elevation and […]
JAAF and ILO Better Work Programme lead apparel sector’s push for disability inclusion with “Inclusive Threads” pledge
Thirteen apparel companies recently signed a voluntary pledge in Colombo committing to advance disability inclusion in the workplace, marking a milestone for Inclusive Threads of Better Work Sri Lanka, a joint initiative of the International Labour Organization (ILO), the International Finance Corporation (IFC), and, supported by the Australian Government’s Department of Foreign Affairs and Trade. […]