Tag: lbo.lk
MV Beijing Bridge makes maiden call at Colombo Port
Feb 18, 2019 (LBO) – MV Beijing Bridge under its AGI Service made the maiden call at the Port of Colombo’s Sri Lanka Ports Authority (SLPA) controlled Jaya Container Terminal (JCT), recently. In order to mark the vessel’s maiden call at the Port a plaque exchange was also held between the Additional Managing Director of SLPA, […]
Sampath Bank records PBT of Rs18.3Bn for 2018
Feb 15, 2019 (LBO) – Sampath Bank recorded a profit before tax (PBT) of 18.3 billion rupees for the year ended 31st December 2018, up by 10.5 percent from a year earlier. Profit after tax (PAT) too registered a marginal growth of 0.3% from Rs 12.10 Bn in 2017 to Rs 12.14 Bn in 2018. […]
‘s ink deal of USD145Mn for science and tech higher education
Feb 14, 2019 (LBO) – The Asian Development Bank (ADB) and four Sri Lankan universities signed project agreements totaling US 145 million dollars under the ADB funded Science and Technology Human Resources Development project to foster science and technology in Sri Lanka’s higher education. “To achieve higher incomes and better standards of living, the Sri Lankan […]
Sri Lanka Trade Min. launches digital platform for small, informal biz
Feb 14, 2019 (LBO) – Sri Lanka has began work on the first national digital data bank for its SMEs and entrepreneurs recently with the backing of a Singaporean firm. Under the new initiative the National Enterprise Development Agency (NEDA) will execute a nationwide centralised database of all SMEs and entrepreneurs thereby boosting the performance […]
‘s first social innovation lab
Feb 14, 2019 (LBO) – The Citra Social Innovation Lab, co-developed by the Ministry of Science, Technology and Research and the United Nations Development Programme, was officially launched by Prime Minister Ranil Wickremesinghe in Colombo, Wednesday. As Sri Lanka’s first Public Sector Innovation Lab, Citra works to strengthen institutions, build capacities of the public sector, and […]
Sri Lanka unemployment at 4.1-pct in Q3 2018
Feb 13, 2019 (LBO) – The number of unemployed persons is estimated as 346,998 during the third quarter 2018 or 4.1 percent, the Department of Census and Statistics (DCS) said. The overall unemployment rate reported for female is 6.6 percent and it is 2.8 percent for male. Youth unemployment rate (age 15 – 24 years) […]
‘s Access Engineering records Rs.1.6Bn PAT for nine months
Feb 13, 2019 (LBO) – Access Engineering PLC, releasing its interim financial statements for the nine months December, 31 2018 said the company has recorded an impressive after tax profit of 1.66 billion rupees at Group level with a YoY increase of 43 percent. For the quarter ended December 31, 2018 the Group recorded a […]
‘s industrial production up by 1.2-pct in Dec 2018
Feb 13, 2019 (LBO) – The volume of industrial production in Sri Lanka has increased by 1.2 percent in the month of December, 2018 compared to the same period in 2017. Among the manufacturing industries; volume of products of ‘wood and products of wood and cork except furniture’(27.7 percent), ‘Beverages’ (14.0 percent) and ‘Manufacture of […]
Hayleys records third quarter PBT of Rs.1.7Bn
Feb 12, 2019 (LBO) – Sri Lankan multinational, Hayleys PLC, recorded a strong all-round performance in the third quarter of 2018 (3Q18), as the Group turnover rose by 20 percent Year-on-Year( YoY) to 59.7 billion rupees bn, resulting in a sharp 80 percent YoY increase in Group’s Earnings Before Interest, Tax, Depreciation and Amortisation ( […]
Sri Lanka tourist arrivals up 2.2-pct in Jan 2019
Feb 12, 2019 (LBO) – The total number of international tourist arrivals to Sri Lanka during January 2019 was 244,239. In comparison to January 2018, there is a growth of 2.2 percent as the last year January tourist arrivals were 238,924, Sri Lanka Tourism Development Authority stated in a press release. Last month, the largest source […]
Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) – Sri Lanka’s Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI Finance Ltd (ETIF) disposing its subsidiaries, sub-subsidiaries and investment properties, and the involvement of CBSL therein. With regard to the said transaction, CBSL wishes to clarify the following: […]
UK based Flexicare sings up with BOI to manufacture disposable medical devices in Sri Lanka
Feb 08, 2019 (LBO) – Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art manufacturing facility in Sri Lanka. The project which will be located in Bandaragama is expected to represent an investment in excess of U$10,000,000 over the course of the […]