Tag: lbo.lk
Colombo Stock Exchange extends trading hours from 01st Nov
The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC) have decided to extend the trading hours with effect from 01st November 2022 as set out below: Pre-open session – 09.30 a.m to 10.00 a.m Open Auction – at 10.00 a.m. Regular […]
PwC discusses the path towards ESG for food and beverage industry
Committed towards supporting the local food and beverage sector adapt to initiating measurable ESG initiatives, help gain investor confidence and generate much needed foreign revenue, PwC Sri Lanka recently concluded a successful and thought-provoking webinar titled “ESG towards a responsible future in the Food and Beverage Industry”. Participated by decision makers in the food and […]
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 42.6 in September 2022, with a decline of 7.0 index points from the previous month driven by the decreases in all the sub-indices, except Employment and Suppliers’ Delivery Time. The decline […]
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer Hayleys Fabric partnered with the Central Environmental Authority (CEA) and the Universities of Peradeniya and Wayamba to champion the protection of habitats connected to tributaries of the Bentota River. The Rs. 1.5 million initiative aims to stabilise the […]
Port City Colombo marks anniversary and children’s day with donation of children’s books
Continuing with its various initiatives to uplift communities and create opportunities in Sri Lanka, CHEC Port City Colombo (CPCC), the sole investor and master developer of Port City Colombo (PCC), donated 2,500 translated copies of its inspiring and educational Children’s Storybook, “City Rising from the Ocean”, which has been translated into the Sinhala and Tamil […]
Sri Lanka Central Bank appoints new deputy Governor
The Monetary Board, with the concurrence of the Minister of Finance, has promoted K M A N Daulagala, Assistant Governor and the Secretary to the Monetary Board, to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 07 October 2022. Daulagala has over 31 years of service at […]
Women in Sri Lanka call for stronger measures to protect their rights
Women leaders from four provinces in Sri Lanka have urged local government authorities to strengthen efforts to protect women, who have been affected by the country’s economic, political and COVID-19 crises this year. From March to September, UN Women hosted a series of Multi-party Dialogues on Women, Peace and Security in nine districts to identify and […]
‘s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with environmentally damaging products and services increase, it is expected that purchasing and investing in green alternatives will become the norm. This has led to the undertaking of initiatives to mitigate the negative impacts […]
Bileeta Partners with USAID CATALYZE Sri Lanka Private Sector Development (PSD) to offer tech support to SMEs
Bileeta, one of Sri Lanka’s top ERP (Enterprise Resource Planning) solutions providers, has joined hands with USAID CATALYZE Sri Lanka Private Sector Development (PSD), to provide cutting-edge ERP solutions to eligible SME customers, through a special grant programme. These solutions will be provided in collaboration with and through partnerships facilitated by PSD with financial institutions, […]
How a country in economic turmoil is still ripe for investors
For businesses in the field of large-scale manufacturing, a critical factor that determines their future and success is a key decision made at their very inception- the location. More often than not, businesses in these fields which start operations in their respective nations look into expanding into international markets to set up base, to further […]
Real-estate still a good long-term investment: Report
Research Intelligence Unit, a consultancy firm specializing in real-estate says the sector will continue to be a good long-term investment while the current socio-economic crisis has impacted the industry adversely. “What we have witnessed in 2022 is that real estate continues to offer a long-term refuge for many investors while the ‘buy-to-live’ market continues to […]
ADB to provide USD14Bn to ease food crisis, promote long-term food security in Asia and Pacific
The Asian Development Bank (ADB) today announced plans to provide at least $14 billion over 2022–2025 in a comprehensive program of support to ease a worsening food crisis in Asia and the Pacific, and improve long-term food security by strengthening food systems against the impacts of climate change and biodiversity loss. The assistance expands ADB’s […]