Tag: lbo.lk
CA Sri Lanka forum unites experts to explore solutions and debate challenges on SOE restructuring
Stepping up in its standing as the National Body of Accountants and as a leading professional body, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) took the initiative to bring together experts to focus on the highly debated restructuring process of State-Owned Enterprises (SOEs). The enlightening forum, held on 04 th March […]
”; Outlook remains negative
lbo.lk,lbo Fitch Ratings has affirmed Abans Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’. The Outlook remains Negative. KEY RATING DRIVERS Shareholder Support Underpins Rating: Abans Finance’s rating is driven by our expectation that its major shareholder, Abans PLC (AA-(lka)/Stable), would provide extraordinary support to Abans Finance, if required. Our expectation stems from Abans’ position as […]
Sri Lankan experts call for increased focus on global trade to drive economic growth
The country can achieve significantly higher economic growth supported by international trade. Sri Lanka to deepen trade ties with South Asian countries (Bangladesh, Pakistan, China, India) and increase access in East Asia (Thailand, Malaysia, Singapore). Expand into fast-growing regional markets like ASEAN and RCEP members. Attract Foreign Direct Investment (FDI) into […]
New data show massive, wider-than-expected global gender gap: World Bank
The global gender gap for women in the workplace is far wider than previously thought, a groundbreaking new World Bank Group report shows. When legal differences involving violence and childcare are taken into account, women enjoy fewer than two-thirds the rights of men. No country provides equal opportunity for women—not even the wealthiest economies. The […]
Sri Lanka trade balance deteriorated by 3.6-pct in January 2024
The deficit in the merchandise trade account widened to US dollars 541 million in January 2024 from US dollars 445 million recorded in January 2023, mainly with higher increase in imports. In addition, trade deficit in January 2024 widened compared to the deficit of US dollars 487 million in December 2023. Earnings from merchandise exports […]
Sri Lanka headline inflation decelerates in February 2024 to 5.9-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decelerated to 5.9% in February 2024 from 6.4% in January 2024. This deceleration in the headline inflation is broadly in line with the projections of the Central Bank of Sri Lanka (CBSL). Food inflation (Y-o-Y) accelerated to 3.5% […]
Sri Lanka Purchasing Managers’ Index for Construction indicates expansion in Jan
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) indicates an expansion in construction activities in January 2024, as reflected by the Total Activity Index, which recorded an index value of 52.9. This marks the first time that the index exceeded the neutral threshold since January 2022. Many respondents mentioned that new construction work […]
Platned expands operations in Sri Lanka
Platned, a leading technology solutions provider headquartered in the United Kingdom, recently expanded its operations in Sri Lanka with a new state-of-the-art office. The company recognizes the potential of the skilled workforce in Sri Lanka and aims to leverage this talent pool to strengthen its Global Support Team. By hiring 100 new members over the […]
SriLankan Aviation College gains NVQ accreditation
SriLankan Aviation College, the training arm of SriLankan Airlines, successfully gained NVQ Level 6 status under the National Vocational Qualifications (NVQ) Framework. The NVQ accreditation will increase the national recognition for the programmes offered by SriLankan Aviation College and enhance the career prospects of graduates by validating their occupational competence. The NVQ accreditation certifies that […]
‘s rating
Fitch Ratings has withdrawn Home Lands Skyline (Pvt) Ltd.’s (HLSL) National Long-Term Rating. Prior to the withdrawal, HLSL’s National Long-Term Rating was ‘A(lka)’ with a Negative Outlook. Fitch is withdrawing the rating because the agency does not have sufficient information to maintain the rating. Therefore, Fitch will no longer provide analytical coverage or ratings for […]
Goumet Galle 2024: Culinary extravaganza resumes
Gourmet Galle, the culinary festival that has been tantalizing taste buds since its inception, has revealed its exciting line-up of international chefs coming to Galle until the end of March. This year promises an exquisite array of culinary gurus each weekend featuring two exclusive events—an immersive masterclass and a delectable dinner, set against the picturesque […]
Dialog Enterprise joins CIO CONFLUENCE 2024 as exclusive enterprise connectivity partner
The Banks’ Chief Information Officers Forum (BCIOF) of Sri Lanka, the largest C-level forum in the banking and financial industry in Sri Lanka, comes together to host the highly anticipated CIO Confluence for 2024. The Conference will be held on Tuesday, 27 February, at the Shangri-La Colombo and will bring together CIOs and both locally […]