Tag: lbo.lk
57-pct of Sri Lankans unwilling to pay higher food bill to protect local industry – Advocata Survey
A survey commissioned by the Advocata Institute in April 2019 revealed that 57% of Sri Lankans were unwilling to pay extra for food, even if it meant that the local agricultural industry would be protected. This survey covered 855 respondents in 18 districts within 8 provinces in Sri Lanka. The demographic variables considered were age, […]
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) – Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, a new report showed. Packeted tea has shown a growth YOY, whilst bulk tea has remained static, Forbes and Walker Tea Brokers said in their monthly report. […]
DIMO launches power panel manufacturing plant at DIMO logistics centre
Diesel & Motor Engineering PLC (DIMO), one of Sri Lanka’s leading diversified companies has successfully launched its own power panel manufacturing plant in Weliweriya DIMO Logistics Centre. DIMO commenced manufacturing their own electrical power panels two years ago, mainly to cater the electrical projects secured by various divisions of the company. DIMO have successfully achieved […]
Opinion: Paving way towards safer Sri Lanka for women and girls
(UNFPA) – Violence against women and girls is one of the most prevalent human rights violations in the world. The costs of violence are extremely high and include direct costs to the country as well as the untold cost inflicted on survivors and their communities for generations to come. Putting an end to this grave […]
‘Revitalized Africa Policy’ to guide Sri Lanka’s engagement with Africa
Dec 20, 2019 (LBO) – Foreign Secretary Ravinatha Aryasinha has said the operationalization of the recently developed ‘RevitalizedAfrica Policy’, seeks to enhance Sri Lanka’s cooperation in the political, economic and cultural spheres across Africa. Among the envisaged measures for closer engagement are the expansion of Sri Lanka’s diplomatic presence in Africa, stronger and mutually productive […]
President appoints tech-studded ICTA board to drive digital Sri Lanka
Dec 20, 2019 (LBO) – In line with his vision for a Sri Lanka driven by technology, President Gotabaya Rajapaksa has appointed a tech-studded board for the Information and Communication Technology Agency of Sri Lanka (ICTA). Steering the board as Chairman is Jayantha De Silva, Co-Founder of IFS Sri Lanka, the country’s first FDI-funded technology […]
Opinion: Gender dimension of remittances to Sri Lanka: Who remits more?
Bilesha Weeraratne Remittances are often considered a stable and a reliable source of development financing. In 2018, remittances to Sri Lanka totaled to USD 7.015 billion. At the macro level, the contribution of remittances to the Sri Lankan economy is immense. In 2018, remittances accounted for 7.8 % of the GDP, and could cover 59% […]
Chandani Werapitiya appointed new DG of SLTDA
Dec 17, 2019 (LBO) – Chandani Werapitiya, a senior banking professional, lecturer, global speaker and a panelist in international forums with 32+ years’ experience has been appointed as the new Director-General of Sri Lanka Tourism Development Authority (SLTDA). Before joining SLTDA, she served as the senior deputy general manager of People’s Bank, alternate Board Director […]
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) – Sri Lanka’s overview activities in the economy improved post presidential election driven by positive sentiments from the local investors, a rating agency said. “Bourse saw gains especially in manufacturing, trading, power & energy, and beverage, food, & tobacco sectors,” ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s […]
‘s Lanka Tile in JV with Chinese firm to export porcelain mosaic tiles
Dec 16, 2019 (LBO) – Lanka Tiles Plc has entered into a tripartite agreement with Foshan Shiwan Yulong Ceramic Ltd. of China and Benjamin Malloy of Dallas, Texas in the US with the aim of exporting porcelain mosaic tiles. The venture involves an investment of 200 million rupees where Lanka Tiles will convert its present […]
Tourism veteran Upali Ratnayake steps down as DG of SLTDA
Dec 12, 2019 Tourism industry veteran Upali Ratnayake has stepped down as the Director-General of the Sri Lanka Tourism Development Authority (SLTDA), the apex body of the Tourism Sector in Sri Lanka. Having joined as a Management Trainee in 1995, Ratnayake rose to the organization’s top tier of decision making over the years as the […]
The new oil of the 21st century: Sri Lanka’s need for data scientists
Malitha Goonaratne In 2012, the Harvard Business Review named being a ‘data scientist’ the “The Sexiest Job of the 21st Century”. If that is not appealing enough, it is estimated that by 2020, there will be 40 trillion gigabytes (40 zettabytes) of data created. In comparison, in 2018 there were 18 trillion gigabytes (18 zettabytes) […]