Tag: lbo.lk
SL agri forum puts forward proposal to sustainably overcome current and future food crisis
The Sri Lanka Agripreneurs’ Forum (SLAF) is the single professional agri-entrepreneurial organization that represents approximately 30 percent of the country’s workforce, addressing the need of the hour, SLAF recognized the dire need to positively intervene in the current food crisis in Sri Lanka and thus met with the Minister of Agriculture Mahinda Amaraweera on 30th […]
PIMA to hold forum on SL’s turnaround strategies and role of international community
The Alumni Association of the Postgraduate Institute of Management (PIMA), Sri Lanka’s largest and most prestigious MBA alumni network, will hold its first ever PIMA Strategic Forum on September 20 at the Shangri-La, Colombo. Titled “Sri Lanka’s turnaround strategies and the role of the international community” the event will see some of the finest minds […]
“There is opportunity in crisis” – JAAF Secretary General
Apparel industry proves resilient in the face of adversityTotal apparel exports in July 2022 ($ 522.14 million) – 22.4% increase YoY As Sri Lanka struggles with the ongoing economic crisis, the country’s trade balance recorded a surplus last July. While this surplus reflects the continued decline in import expenditure, it is also reflective of the […]
Businesses spending higher percentage of technology budgets on cybersecurity, Sophos research reveals
Sophos, a global leader in next-generation cybersecurity, today released additional findings from its survey report, The Future of Cybersecurity in Asia Pacific and Japan, in collaboration with Tech Research Asia (TRA), revealing businesses are increasingly prioritising budget for cybersecurity. In 2022, 11 per cent of technology budgets are dedicated to cybersecurity, an increase from 8.6% […]
Alumex introduces environmentally friendly low-carbon aluminium to grow export markets
Building sustainable innovation into Sri Lanka’s construction sector, Hayleys Group subsidiary and national leader in fully integrated aluminum manufacturing, Alumex PLC, announced the groundbreaking launch of Low Carbon Aluminum for the global market. The company’s newly launched range of Low Carbon Aluminum ‘Ozon’, follows on the successful Phase 1 opening of the manufacturer’s new state-of […]
SLT-MOBITEL brings Samsung’s latest Galaxy fold 4 5G & Galaxy Z flip 4 5G devices along with benefits
Bringing Sri Lankans, the opportunity to experience the next generation technology and devices, SLT-MOBITEL, the National ICT solutions provider is offering Samsung’s latest foldable flagship Galaxy Z Fold 4 5G and Galaxy Z Flip, 4 5G devices coupled with exciting value additions. For every purchase of Samsung’s Galaxy Z Fold or Z Flip, both existing […]
‘Rebuild Sri Lanka’ crowdfunding platform goes live today
The United Nations Development Programme (UNDP) in Sri Lanka led Individual Crowdfunding Facility; ‘Rebuild Sri Lanka’ platform went live today providing the opportunity for global citizens to contribute to alleviating the impacts of the crisis in the country: www.undp.org/srilanka/donate. Sri Lanka is experiencing its worst economic crisis since 1948, with 5.7 million people in need […]
Govt of Sri Lanka and UNDP map out SDG investment for private sector to support recovery
The Government of Sri Lanka and UNDP in Sri Lanka today announced the launch of the Sri Lanka SDG Investor Map (the Map), a market intelligence tool that seeks to direct private capital where Sri Lanka’s Sustainable Development Goals (SDG) priorities, Government policy and market opportunity intersect, as the country seeks to rebuild its economy […]
CCC highlights need to focus on implementation of progressive proposals in interim budget 2022
The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President Ranil Wickremesinghe in his capacity as Minister of Finance, as a positive step towards rebuilding the macroeconomic framework of the country. The Budget provides an estimate of the expected revenue and expenditure of the Government for 2022 within an environment of […]
Seylan Bank records Rs.1.5Bn PAT for 1H 2022
Seylan Bank recorded a Profit after Tax of Rs. 1,504 Mn for the 6 months ended 30th June 2022 against Rs. 2,105 Mn reported in the corresponding period of 2021. This has been seen by financial analysts as mcommendable given the extremely challenging and adverse conditions the Bank operated in, with Sri Lanka facing its […]
Sri Lanka electricity tariff revision 2022
• CEB’s proposal to increase electricity tariffs by 229 percent is rejected – capping off tariff hikes at 75 percent • Subsidies up to 120 units in domestic sector • 50 percent of the price increase for tourism sector will be implemented after 3 months • 1.5% discount on electricity bill payments in dollars • […]
SL – Singapore Biz Council to look at cooperation in agri, food processing, FMCG imports and exports in 2022/23
The 25th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 27th July, 2022 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between Sri […]