Tag: lbo.lk
Teejay reports 9-month net profit of Rs 1.26Bn
Feb 08, 2019 (LBO) – Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, demonstrating its resilience during a period of higher raw material and utility costs. Reporting revenue of Rs 23.0 billion for the nine months ending 31st December 2018, a growth […]
Haycarb records turnover of Rs.14.3Bn for 9 months ending Dec
Feb 07, 2019 (LBO) – Sri Lankan multinational Haycarb PLC reported revenue of Rs. 14.3 billion and profit before tax of Rs. 854 million for the nine months ending 31st December 2018. The profit after tax stood at Rs. 672 million. Haycarb PLC Managing Director, Rajitha Kariyawasan said that the growth in turnover is attributable to […]
Sri Lanka Customs chief P.S.M. Charles reinstated
Feb 06, 2019 (LBO) – P.S.M. Charles has been reinstated as the Director General of Customs following the its trade union alliance launching a work-to-rule campaign since January 30 on her removal from office. Finance Minister Mangala Samaraweera is said to have withdrawn the proposal to appoint retired navy officer Rear Admiral Shemal Fernando as the […]
Appropriation Bill for 2019 presented in parliament
Feb 05, 2019 (LBO) – The Appropriation Bill for the year 2019 was presented in parliament by Minister Gayantha Karunathilaka, Tuesday. The Cabinet in early January approved the Appropriation Bill for 2019 with an annual expenditure of Rs 4,470 billion with the Ministry of Defence secured the highest allocation of 393 billion rupees. The Ministry of Education […]
Fitch announce re calibration of Sri Lankan National rating scale
Feb 05, 2019 (LBO) – Fitch Ratings said today it will re-calibrate the Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers following the downgrade of the country’s sovereign rating to ‘B’ from ‘B+’ on 3 December 2018. The full statement follows: Fitch Ratings-Hong Kong/Singapore-04 February 2019: Fitch […]
Political leaders failed to develop SL; No National government
Feb 05, 2019 (LBO) – President Maithripala Sirisena while addressing the nation during the Independence Day celebration touched on several political and economic issues prevailing in the island. The President spoke about focusing on development, fighting corruption and his disagreement on the the establishment of a National Government. “Whatever the reasons and whoever was responsible, we […]
Feature story: Seeds for a brighter future
Feb 01, 2019 (LBO) – Rajnikansan Arushanandi’s son Brideman is in Grade 5 but he knows more about gardening than she does.“He has been learning at school and he comes home and tells us about organic fertilizer preparation, and how nutritional green leaves can be grown,” she says. Another mother, Sobana Muhundan sees her son Sibiraj […]
SLASSCOM hosts first-ever RPA Hackathon and Conference
Jan 31, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) will host the first-ever Robotic Process Automation (RPA) Conference and Hackathon Awards on 13th February 2019 at the Galle Face Hotel. Organized by the SLASSCOM Business Process Management (BPM) Forum, this event has already seen many companies submitting entries for […]
Colombo Port to get pilot boats for more efficient service
Jan 31, 2019 (LBO) – The Sri Lanka Ports Authority (SLPA) will sign an agreement with Colombo Dockyard PLC to build two pilot boats for Colombo Port enabling it to handle a greater volume of activities with more efficiency. A pilot boat is a type of boat used to transport maritime pilots between land and the […]
EU call for proposals to SWITCH-Asia II programme
Jan 31, 2019 (LBO) – The Delegation of the European Union (EU) will conduct two information sessions on the new Call for Proposals (CfPs) for the SWITCH-Asia II Programme, promoting Sustainable Consumption and Production on 6 February 2019 at the Delegation of the European Union to Sri Lanka and the Maldives, Bauddhaloka Mawatha, Colombo 7. […]
Sri Lanka ranked 89th in 2018 Corruption Perceptions Index
Jan 30, 2019 (LBO) – Sri Lanka is ranked 89th in the world and 3rd in South Asia, behind Bhutan (25th) and India (78th) with a score of 38 on the CPI 2018 retaining the same score from 2017.The 2018 Corruption Perceptions Index (CPI) released Tuesday by Transparency International reveals that the continued failure of most […]
Sri Lanka computer literacy at 27.5-pct: Digital literacy growing
Jan 30, 2019 (LBO) – Overall computer literacy reported in 1st half of 2018 for Sri Lanka is 27.5 percent, a new survey shows. This is an decrease of 0.8 percentage points from 2017 (1st half) to 2018 (1st half). When the digital literacy is considered two out of every five (aged 5 – 69) has […]