Tag: lbo.lk
Sri Lanka should list SoE and increase transparency
Dec 11, 2019 (LBO) – A top emerging markets investor said the Government should look at listing state enterprises to attract capital. He said that it will expose their balance sheets and open them for scrutiny. “Sri Lanka Insurance, state banks, rail and airport would be a good start.” Dr. Mark Mobius, speaking at a […]
Mark Mobius says Sri Lanka has foreign investors appeal for tourism, fin-tech and real estate
Dec 11, 2019 (LBO) – Emerging markets investor, Dr. Mark Mobius highlighting Sri Lanka’s strengths said he sees immense growth potential in the island as the economy has with regards to foreign investor appeal. Admitting that while Sri Lanka’s agri-based economy has always held global interest -especially with tea as its strongest brand and commodity- […]
Fiscal stimulus will boost demand in short-run but create instability in long-run: ICRA
Dec 11, 2019 (LBO) – The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost over LKR 500 Bn according to government’s own estimates. Whilst acknowledging the potential boost to the aggregate demand and corporate profitability from the fiscal stimulus in the short-run, […]
Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) – Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross Domestic Product growth to reach 6.5 percent from 2020 onwards, a senior official said. “Sri Lanka’s new government headed by President Gotabaya Rajapaksa in the short-term has to […]
Google’s Womenwill to host International Women’s Day event “SheLeads”
Dec 09, 2019 (LBO) – Womenwill is a Google initiative to create economic opportunity for women everywhere so that they can grow and succeed. Helping women make the most of technology to build skills, get inspired, and connect with each other through training, events, and advocacy, Womenwill aims to drive conversations promoting gender equality to […]
‘s Sigiriya clinches top slot as winter getaway
Dec 09, 2019 (LBO) – The USA Today has ranked Sri Lanka as the top destination, among 20 countries, for winter travel. “Jetsetters looking for something off the beaten tourist path should consider Sri Lanka,” USA Today said. “An overlooked gem, this exotic island in the Indian Ocean seduces everyone who steps foot with […]
HSBC and IUCN announce project for development of greener apparel industry
Dec 06, 2019 (LBO) – HSBC and International Union for Conservation of Nature (IUCN) Sri Lanka Country Office announced the launch of their project to crystalize a cohesive low carbon development transition strategy for the local apparel industry recently. The strategy will be developed in partnership with the Joint Apparel Association Forum of Sri Lanka […]
Sri Lanka tourist arrivals down 9.5-pct in Nov 2019
Dec 05, 2019 (LBO) – Sri Lanka’s tourist arrivals were down 9.5 percent in November 2019 to 176,984 from 195,582 a year earlier, new data show. Sri Lanka Tourism Development Authority (SLTDA) said yesterday arrivals up to November was 1.672 million, down from 2.08 million or 19.6 percent from a year earlier. The island is […]
Investor Dr. Mark Mobius in Colombo next week
Dec 03, 2019 (LBO) – Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment pioneer, Dr. Mark Mobius for an exclusive breakfast forum hosted by the premier lifestyle brand. The latest in a series of high-profile engagements by Cinnamon Life, the interactive forum is set to take place […]
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) – The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 percent, the Department of Census and Statistics said. Year on year inflation of food group has decreased from 6.8 percent in October 2019 to 4.6 percent in November 2019 […]
SLASSCOM honors Sri Lanka’s most innovative technology product and service companies
Dec 02, 2019 (LBO) – SLASSCOM recently hosted the annual innovation awards and gala 2019 for the second consecutive year at the Shangri-La Hotel, Colombo, recognizing and celebrating innovators across a range of award categories in the knowledge solutions industry. Nearly 100 submissions were received for the seven award categories namely; best product innovation, best […]
SL Govt re-affirms commitment Vienna Con on diplomatic relations following Swiss Embassy incident
Nov 29, 2019 (LBO) – The Government of Sri Lanka has taken serious note of the alleged criminal incident concerning a locally recruited staff member of the Embassy of Switzerland in Colombo, recently a statement said. On being informed of the alleged incident yesterday, the Police has taken immediate action to commence an investigation into […]