MarCom collective commissions Ernst & Young to study industry’s economic significance

Jun 08, 2020 (LBO) – The MarCom Collective has commissioned Ernst and Young Sri Lanka (EYSL) to undertake a comprehensive study on the country’s marketing communications industry and its contribution to the Sri Lankan economy. The Collective is a group of associations, businesses and professionals from the marketing and advertising industry that came together following […]

Roadmap to post-COVID-19 economic recovery

Jun 08, 2020 (LBO) – What is Sri Lanka’s strategy to help the country’s economy recover? What should our policy priorities be, both medium and long term, to enable a post-pandemic rebound? Join The Chamber Academy’s discussion on the Roadmap to Post-COVID-19 Economic Recovery, and engage with economic experts on 12 Friday, from 11-12:30pm. The […]

Economic Zone:A catalyst for modern services in Sri Lanka

Jun 03, 2020 (LBO) – The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of  “Port City Special Economic Zone– A Catalyst for Modern Services in Sri Lanka” on Thursday, 04 June 2020, during a webinar titled “Colombo Port City: Potential growth impact for Sri Lanka” hosted […]

‘s construction projects expected to pickup and stick to timelines:ICRA

Jun 3, 2020 (LBO) – Sri Lanka’s construction sector is expected to demonstrate resilience compared to other economic sectors, a new report said. The construction projects are expected to gradually pickup pace and broadly stay within the original timelines, ICRA Lanka said. “Current domestic raw material production level and inventories are expected to sustain ongoing […]

National tea sales average up in May 2020

Jun 03, 2020 (LBO) – National average for the month of May 2020 totalled Rs. 697.57, the highest ever recorded for a calendar month surpassing the previous best of Rs. 689.18 recorded in April 2020, a new report says.  In comparison to May 2019 average of Rs. 539.55, shows a significant increase of Rs. 158.02 YOY, Forbes and […]

Criminal operations by underworld drug mafia from prisons must end: President

Jun 02, 2020 (LBO) – President Gotabaya Rajapaksa has emphasized that crimes operated by underworld kingpins and drug mafia from prisons must be put to an end without delay.  Specific information relating to criminal activities and drug peddling operated from prisons have been received. The general public is appalled by this situation, President said.   “This […]

Sri Lanka export earning drop 42.3-pct in Mar 2020

Jun 02, 2020 (LBO) – The deficit in the trade account narrowed in March 2020 to US dollars 549 million, from US dollars 592 million in March 2019, as the decline in imports in value terms exceeded the decline in exports, the Central Bank said. However, on a cumulative basis, the trade deficit widened to […]

SLT Rainbowpages.lk further boost businesses in the post Covid-19 era

SLT Digital Info Services (Pvt) Ltd (SLTDS), the Digital Marketing and Directory Information Services arm of Sri Lanka Telecom PLC (SLT), is proud to announce that it’s SLT RAINBOW PAGES (RBP) national business directory information search facility has been improved tremendously, both in online and offline mediums. As a result of the technological advancement in […]

PM MR sworn in as Minister of Community Empowerment, Estate Infrastructure Development

Jun 01, 2020 (LBO) – Prime Minister Mahinda Rajapaksa was sworn in as the new Cabinet Minister of Community Empowerment and Estate Infrastructure Development before President Gotabaya Rajapaksa at the Presidential Secretariat, today (01). With the demise of Minister Arumugam Thondaman, the ministerial portfolio fell vacant. Secretary to the President, P.B. Jayasundera was also present […]

ComBank raises another Rs.10Bn to support COVID-19 affected SME exporters

Jun 01, 2020 (LBO) – The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan Scheme to assist affected SME enterprises. This assistance would be in addition to the working capital loans scheme implemented under a credit line provided by the Central Bank of Sri […]

Dialog Axiata gifts fully-functional ICU at Negombo General Hospital to public

Jun 01, 2020 (LBO) – Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in less than a month, concluded the immediate civil reconstruction and provision of equipment to establish a fully functional Intensive Care Unit (ICU) at the Negombo District General Hospital. This concludes the first step taken in the pledged Rs. 200 Million towards the urgently required […]

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