Tag: lbo.lk
EU warns Sri Lanka constitution crisis could damage reputation and deter investors
Nov 09, 2018 (LBO) – Sri Lanka’s prevailing political crisis could further delay and damage the island’s international reputation and deter investors, a statement said.“Respect by all stakeholders for the provisions of the constitution will be important to maintain the confidence of the Sri Lankan people in democratic governance and the rule of law, the […]
Anura Priyadharshana Yapa assumed duties as State Minister of Finance
Anura Priyadharshana Yapa assumed duties as the Minister of State for Finance at the finance ministry, Friday. Minister of Finance and Economic Affairs, Prime Minister Mahinda Rajapaksa, Ministers Lakshman Yapa Abeywardene and Dunesh Gankanda and Ministry Secretary S.R. Attygalle and other senior officials were present.
Haycarb records turnover of Rs.8.9Bn with PBT of Rs.502Mn for H12018/19
Nov 09, 2018 (LBO) – Haycarb PLC, a manufacturer of coconut shell activated carbon reported revenue of 8.9 billion rupees and profit before tax of 502 million rupees for the six months ending 30th September 2018. The profit after tax stood at 428 million rupees. Haycarb PLC Managing Director, Rajitha Kariyawasan said that the adjustment of […]
Sri Lanka President appoints more ministers and state ministers
Nov 09, 2018 (LBO) – Two new Cabinet Ministers and five new State Ministers were sworn in before President Maithripala Sirisena at the President’s official residence, Wednesday. The appointments are as follows: Bandula Gunawardena – Sworn in as International Trade and Investment Promotions Minister Susil Premajayantha – Sworn in as Public Administration, Home Affairs and Justice […]
‘s Watawala Plantations records PAT of Rs.554Mn
Nov 09, 2018 (LBO) – Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018. The Company achieved a PAT of 358 million rupees in the second quarter (Q2) compared to the first quarter (Q1) PAT of 196 million rupees. The increase in the production […]
Sri Lanka tea prices mixed in Oct 2018
Nov 09, 2018 (LBO) – Sri Lanka’s low growns teas continued to meet with good demand, whilst high and mid grown small leaf teas continued to witness downward pressure in prices following the lower quality and the higher volumes on offer, a recent report said. “National average for the month of October 2018 totalled Rs.586.19 […]
Sri Lanka tourist arrivals up only 0.5-pct in Oct 2018
Nov 08, 2018 (LBO) – Sri Lanka’s tourist arrivals during October 2018 was 153,123 in comparison to October last year, there is a growth of 0.5 percent when the arrivals were 152,429. India, China, United Kingdom, Germany and Australia were Sri Lanka’s top five international tourist generating markets in the month of October this year. […]
JKH PBT down 5-pct in 2Q: Revenue Rs.32.57Bn
Nov 08, 2018 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said the Group recorded a profit before tax (PBT) at 4.69 billion rupees in the second quarter of the financial year 2018/19 with a decrease of 5 percent over the.4.95 billion rupees recorded in the previous financial year. The cumulative PBT for the first […]
Nestlé opens third milk chilling centre in Mannar district
(PRESS RELEASE) – Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk fresh until it is transported to […]
Sri Lanka Public Services Trade Union asks Speaker to act on parliamentary majority
Nov 09, 2018 (LBO) – The Public Services National Trade Union Federation called on Speaker Karu Jayasuriya to go along with the 116 legislators who wanted him to take up the question of resolving the crippling political crisis. The full statement follows:
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion Integration of the two-degree climate target in proprietary investments and business operations starting The Allianz Group has taken the leading position among […]
Emirates takes Sri Lanka’s popular culture to the skies
There’s nothing quite like watching a movie in one’s own language, or listening to the music of a favourite local artist to feel at home even at 35,000 feet, a fact that Emirates, the world’s largest airline, has invested in with an award-winning inflight entertainment system that caters to hundreds of nationalities including Sri Lankans. […]