Tag: lbo.lk
JKH ranked Sri Lanka’s most respected entity
Oct 08, 2019 (LBO) – John Keells Holdings PLC (JKH) was ranked as the most respected entity in Sri Lanka, for a record 14th year by LMD magazine. In terms of the 10 attribute rankings, JKH has taken the lead in seven categories, namely financial performance, management profile, honesty, dynamism, corporate culture, CSR and vision. […]
‘s can create efficient energy sector through stakeholder dialogue
Oct 08, 2019 (LBO) – Sri Lanka should have a dialogue among all the stakeholders as to how to move forward and create an efficient energy sector that ensures energy security, environment friendliness, a senior official said. “The energy sector in Sri Lanka is sensitive to many factors,” Prof. Kithsiri M. Liyanage, chairman of the […]
Sri Lankan bank lending rate cap may not support loan growth : Fitch
Oct 07, 2019 (LBO) – The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may not improve loan growth in the short term, Fitch Ratings says. To the extent banks cannot price for risk in order to make hurdle rates of return, […]
Sri Lanka tourist arrivals down 27-pct in Sep 2019
Oct 07, 2019 (LBO) – The total number of tourist arrivals to Sri Lanka during September 2019 was 108,575, down from 149,087 visitors or 27.2 percent from the same period last year. In September almost 98 percent of tourists travelled by air to the island. As at 30th September 2019, 1,376,312 of tourists had visited […]
Esala Weerakoon approved as next secretary-general SAARC
Oct 07, 2019 (LBO) – The informal meeting of the council of ministers of the South Asian Association for Regional Cooperation (SAARC) held in New York last week has approved the nomination of former Foreign Secretary and senior career diplomat Esala Weerakoon, to be the 14th Secretary General of the association. The office will come […]
Mahindra bets big on Sri Lanka
Mahindra & Mahindra Ltd., a part of the US $20.7 billion Mahindra Group, emphasized the importance of Srilanka as a key strategic growth market in the company’s overall global growth strategy. With the recent inauguration of its 1st automotive assembly plant, the company is now fully equipped to deliver products customised to local needs, on […]
Mangala calls Mahinda to a public debate on debt status
Oct 04, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera called on former President Mahinda Rajapaksa to enter into a public debate on the true status of the national debt. Samaraweera addressing media on Thursday assured the island’s economy is now stable because of sound fiscal policies introduced over the past few years by […]
‘s office tower to open in Q1 2020
Oct 03, 2019 (LBO) – John Keells Properties announced that Cinnamon Life projects office tower complex will officially open for business in early 2020. In May the real estate developer announced the completion of structural work on all towers of its skyline-transforming development with the office tower the first to be ready for occupation. Cinnamon […]
HNB recognised as Sri Lanka’s strongest bank by Asian Banker
Oct 03, 2019 (LBO) – Hatto National Bank was recognized as Sri Lanka’s strongest bank by balance sheet evaluation by the Asian Banker Magazine. “There are a multiplicity of metrics which professionals utilize to gauge the success of a bank, because business is about numbers, but it is also about trust, ” Jonathan Alles, managing […]
Access Engineering buys warehouse -logistics firm for Rs.925Mn
Oct 03, 2019 (LBO) – Access Engineering PLC has bought 100 percent stake of WUS Logistics Ltd. The shares were bought at for 925 million rupees, the company said in a stock exchange filing. “W.U.S. Logistics owns a land of 41.5 acres in Kimbulapitiya to be used for warehousing purposes,” it added.
Sri Lanka tea prices down in first nine months of 2019
Oct 03, 2019 (LBO) – All elevations show a negative variance January-September 2019 compared with January-September 2018 and high growns show the largest deficit of Rs. 63.37 YOY, a report shows. National average for the month of September 2019 totalled Rs. 511.31 compared with Rs. 506.86 of August 2019 showing a marginal increase of Rs. 04.42 month […]
Sri Lanka Govt allows internal flight operation for foreign airlines
Oct 02, 2019 (LBO) – The Sri Lanka govenments cabinet of ministers has given the nod for foreign airlines to operate domestic flights, a statement said. Sri Lanka’s civil aviation authority will issue one year operating licenses to foreign airlines that are interested in flying within Sri Lanka, the state information office said in a […]