Tag: lbo.lk
SLT-DIGITAL services and Surge Global forge strategic partnership
SLT-DIGITAL Services, the marketing services and digital engagement solutions arm of SLT-MOBITEL group, has entered into a strategic partnership with Surge Global, a technology and marketing consulting company founded in Sri Lanka, to empower local enterprises, to drive growth marketing and develop enterprise software solutions. The SLT-DIGITAL and Surge Global collaboration aims to help businesses […]
World Bank expects solid growth but risky outlook for South Asia
South Asia is expected to grow by 5.8 percent this year—higher than any other developing country region in the world, but slower than its pre-pandemic pace and not fast enough to meet its development goals, says the World Bank in its twice-a-year regional outlook. Released today, the latest South Asia Development Update, Toward Faster, Cleaner Growthforecastsgrowth to […]
Integrated water resources development: Way forward for Sri Lanka to tackle climate crisis
The last time El Niño affected Sri Lanka, between 2016 and 2017, more than 2 million people were affected—first by flooding and landslides, and then by a severe drought. 19 out of 25 districts were hit hard, decimating two harvest seasons, and creating water scarcity for agriculture, drinking and household use. El Niño currently in […]
David Cameron kicks off Port City Colombo’s global investment drive
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and real estate industries, converged in the iconic settings of the Ritz Carlton in Abu Dhabi and the Armani Hotel at Burj Khalifa in Dubai to explore, understand, and assess the investment potential of Sri […]
SL economy to grow by 1.7-pct:Revenue mobilization fundamental for sustainable fiscal path
Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the implementation of critical structural reforms. Released today, the Sri Lanka […]
Sri Lanka slips in economic freedom: Report
Lanka—Sri Lanka ranks 116 out of 165 jurisdictions included in the Economic Freedom of the World: 2023 Annual Report, released by Advocata Institute in conjunction with Canada’s Fraser Institute. The current ranking represents a decline in the economic freedom of the country which ranked 104th during 2020. The report measures the economic freedom of individuals—their […]
‘CTO – the Psychologist’: A role banking tech leaders must master to ensure digital change
By Janaka Ediriweera Dr. Corrie Block, an Organizational Behavior Expert and a business coach in the UAE, asks, ‘If you were to go in for heart surgery, buy a new car, or say your wedding vows to someone knowing that there was an 84% chance of failure…would you even bother?’ He uses this metaphor to […]
Sinopec pledges to fuel Sri Lanka as it commences operations
Sinopec announced its official entry into Sri Lanka’s dynamic fuel retail market at the felicitation event for local distributors held on the 25 th of September in Colombo. This momentous occasion also marked the commencement of fuel supply to Sri Lanka’s filling stations.With the entry, Sinopec is committed to giving full play to its advantages, […]
SL Retail Forum 2023 – Sparking success: Reigniting the flame of retail growth
The Sri Lanka Retailers’ Association (SLRA) is set to host the retail industry’s premier knowledge event, the Sri Lanka Retail Forum 2023, commencing at 9.00 am on 19th October 2023, at the Shangri-La Hotel Colombo. Conducted this year under the theme “Sparking Success: Reigniting the Flame of Retail Growth”, the Forum will explore emerging trends […]
IIRM Lanka Insurance Brokers Pvt Ltd achieves remarkable market share growth locally
IIRM Lanka Insurance Brokers Private Limited proudly announces its outstanding achievement in the Sri Lankan insurance market, securing an impressive market share in both the long-term and general insurance segments. IIRM Lanka Insurance Brokers Private Limited commands a market share of 21.13% in the Long-term Insurance sector and 6.34% in the General Insurance Business, amounting […]
Port City draws global investor attention as gold sponsor of i3 summit in Dubai
Port City Colombo proudly took center stage as the Gold Sponsor of the prestigious i3 Summit by Khaleej Times in Dubai, which was held under the theme, “Redefining Innovation, Inspiring Change, and Shaping the Future of Business”. This key sponsorship strategically captured the attention of the global investor community, whilst highlighting Port City Colombo’s unwavering […]
Eran asks, Can politicians always deceive the people?
Looking back at the recent history of Sri Lanka, the Rajapaksas have deceived this country and the people for power, over and over, using different tactics. In 2005, placing national security first, in 2010, on the basis of sympathy showing the electric chair, and in 2015, Mahinda campaigned presenting a concrete desert as development. 2019 […]