Tag: lbo.lk
15-pct food price increase in a single month; Advocata
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 15% from November 2021 to December 2021. Much of this increase is driven by rising prices of vegetables. 100g of Green Chillies at Rs18 increased to Rs 71. This is a 287% increase in […]
Opinion: Government heavy-handedness to blame for our currency woes
By Vinuja Singharachchige: Much is being said nowadays about the pressures the Sri Lankan Rupee is facing, but it is important that we understand the mechanics and greater economic context. Currency crises have been common in our modern history with countries facing sudden devaluations to the point where we can predict the patterns. There was […]
Eco Spindles aims to increase plastic recycling by 10-pct
Eco Spindles, Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, has significantly bolstered Sri Lanka’s recycling capabilities by creating an ecosystem for recycling within the country. This year, the company has seen the culmination of its significant […]
Ecological floating islands to purify Beira Lake
President Gotabaya Rajapaksa today (21) released a thousand ecological floating islands to Beira Lake initiating the purifying process of the lake. Beira Lake has been polluted due to unauthorized urbanization and improper upgrading of sewerage infrastructure in the city of Colombo. The “Ecological floating islands” method was implemented under the guidance of Chairman of the […]
John Keells Foundation’s “Break the Silence” public campaign targets domestic violence
John Keells Foundation conducted a two-week public campaign against gender-based violence under its Project WAVE (Working Against Violence through Education). This year’s campaign sustained last year’s theme of ‘Break the Silence’ with a special focus on Domestic Violence in the context of reported surge in complaints received on hotlines during the pandemic. The overall objective […]
Planters’ Association condemns politically-connected land encroachments at Madampe Estate
The Planters’ Association of Ceylon (PA) strongly condemned a recent incident of forceful and illegal encroachments of estates managed by the Regional Plantation Companies (RPCs), and called on the Government and law enforcement officials to uphold the rule of law in RPC estates. The statement was a response to an incident on 6 December 2021, […]
ADB partners with JKH to boost food value chains and farm livelihoods in SL
The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation. The investment will be a two-phase private placement to support the expansion of JKH’s modern retail and distribution […]
SLTC divests from Sri Lanka Telecom in management buy-out
A management buy-out backed by Tempest two (Pvt) Ltd is gearing to acquire SLT Campus (Pvt) Ltd (popularly known as Sri Lanka Technological Campus) from Sri Lanka Telecom PLC in order to launch SLTC towards its ultimate objective of being Sri Lanka’s first and most recognized research-oriented university. Having been initiated and funded by SLT, […]
Sri Lanka’s path to recovery: Restoring human capital in post-pandemic world
Highlights COVID-19 has had a devastating impact on human capital worldwide and has reversed valuable gains made over the past decade. Recovery efforts require a renewed commitment and investment in human capital which focuses on establishing robust and resilient systems to reduce exposure and vulnerability to shocks. Sri Lanka could benefit by bringing together key […]
CCC-USAID survey reveals that exporters have a positive outlook for export earnings
“Sri Lankan exporters are confident in their outlook for export growth, despite challenges faced in the first half of 2021,” according to the results of the bi-annual Export Barometer Survey. This survey was designed and conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID)’s Partnership for Accelerating […]
President Rajapaksa stresses importance to curb deforestation and use of fossil fuels
President Gotabaya Rajapaksa undertook an official visit to the United Arab Emirates from 3 to 5 December 2021 to attend the 5th Indian Ocean Conference – IOC 2021 in Abu Dhabi. President Rajapaksa delivered the Inaugural Address as the Chair of the IOC -2021 at the opening ceremony on 4 December in Abu Dhabi. Addressing the […]
Finance Minister Basil Rajapaksa concludes successful visit to New Delhi
At the invitation of the Indian Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, Minister of Finance of Sri Lanka Basil Rajapaksa concluded a successful two-day official visit to New Delhi recently. This was the first overseas visit of Finance Minister Basil Rajapaksa since he assumed office in July this year. During the two-day official […]