Tag: lbo
Opinion: Evolving trends in banking that enhances customer experience
Mar 19, 2019 (LBO) – Envisioning the future of banking convenience Seylan Bank’s Deputy General Manager- Retail Banking, Tilan Wijeyesekera discusses the evolving trends in banking that enhances customer experience Tilan currently leads Retail Credit, Digital Banking, Personal loans, Housing loans, Card centre, Marketing, Sales, Pawning, Service quality and Call Centre and Bancassurance departments at Seylan […]
World Bank approves USD70Mn to improve local services in rural Sri Lanka
Mar 19, 2019 (LBO) – The World Bank approved a US 70 million dollar credit to improve the quality of life of around one million people living in Northern, North Central, Eastern and Uva Provinces in Sri Lanka. The new local development project will put local communities at the center of planning and delivery of […]
Sri Lanka rupee gains: Stocks marginally down
Mar 19, 2019 (LBO) – The Sri Lanka rupee ended firmer at 178.25/40 to the US dollar Monday compared to Friday’s close of 178.40/55 while shares were little changed, brokers said. ‘Inflows from a sale of US 2.4 billion dollar sovereign bond are expected to boost the rupee,’ brokers said. The rupee has climbed 2.4 percent […]
Are we doing enough to increase political participation of women and youth in Sri Lanka?
Mar 19, 2019 (LBO) – The political participation of women and youth is an important subject that came to the fore during the previous election. According to data from National Human Development Report for Sri Lanka (NHDR) although 71.5 percent of youth in Sri Lanka exercise their right to vote, only a small fraction is directly […]
EU-Sri Lanka investor dialogue discusses liberalization of shipping sector
Mar 18, 2019 (LBO) – The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade and many outstanding matters were resolved through dialogue and the joint efforts of the two sides. “I am very pleased that we have made considerable progress in resolving outstanding issues and building up our […]
Making Sri Lanka go to the ‘MICE’
Whilst Sri Lanka continues to show a year-on-year growth in tourists, the focus thus far has only been on the number of tourists coming in, instead of the cash inflow and subsequent economic development. As of 2018, the local tourism sector is said to contribute 12% to the annual national GDP (Gross Domestic Product) of […]
Sri Lanka vehicle registrations slowed in Feb. 2019 on slowing demand
Mar 18, 2019 (LBO) – Sri Lanka recorded total car registrations at 2,347 units in the month of February 2019 significantly down from 3,147 units the previous month and significantly down from 5,024 units 12 months ago, new data shows. Brand new motor cars recorded 434 units in February marginally up from 429 units the […]
President to launch National Action Plan for combating bribery and corruption today
Mar 18, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena will launch a National Action Plan for combating bribery and corruption, Monday. Four handbooks will also be released alongside the launch which will explore the factors that would shape the course of combating bribery and corruption in the nation. The handbooks are: draft proposal on gift […]
SLASSCOM People Summit 2019 to feature Bill Duane, Google’s ‘superintendent of wellbeing’
Mar 18, 2019 (LBO) – SLASSCOM’s 2019 People Summit sees a change in its traditional technologically themed content, to sound a more humanistic beat. Titled “Transcending Technology – The Human Factor”, the event is scheduled to take place on the 22nd of March at the Shangri-la and, will feature Google’s long standing ‘superintendent of wellbeing’ Bill […]
”’ Rating
Mar 14, 2019 (LBO) – Fitch Ratings has assigned a final rating of ‘B’ to the following bonds issued by Sri Lanka on 7 March 2019: USD1 billion 6.85% bond due 2024, USD1.4 billion 7.85% bond due 2029. This replaces the expected rating of ‘B (EXP)’ that Fitch assigned on 6 March 2019. KEY RATING DRIVERS […]
‘s new tourism advisory committee gets down to work
Mar 14, 2019 (LBO) – With an eye on achieving the targeted 3 million tourist arrivals this year, a newly constituted Tourism Advisory Committee has been appointed by Minister of Tourism Development, Wildlife and Christian Religious Affairs, John Amaratunga. The 14 member committee comprises of private sector tourism stakeholders and is headed by business magnate Harry […]
Sri Lanka reserves at USD 6.9Bn at end 2018: Trade deficit declined
Mar 14, 2019 (LBO) – The trade deficit declined significantly in December 2018 (year-on-year) with a notable deceleration in import expenditure, data shows. Exports grew by 1.4 percent while imports fell by 15.3 percent in December 2018 (year-on-year), the Central Bank of Sri Lanka said. Total exports of goods grew by 4.7 per cent in 2018 […]