Tag: lbo
SLASSCOM and Norway sign letter of intent for ICT development and entrepreneurship
Mar 06, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs expressed their intent to further collaborate in developing the Information and Communication Technology (ICT) sector for sustainable employment generation in the future, and to bring about innovation through knowledge transfer programs. A letter […]
Budget 2019 will empower people and nurture poor: Fin Min
Mar 05, 2019 (LBO) – Sri Lanka’s Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. Finance Minister Mangala Samaraweera will present the Government’s delayed Budget for 2019, today. The Finance Ministry has outlining its targets said it plans to increase public revenue to 17 […]
Sexual harassment in public transport: Speak up, intervene and be the change
Mar 05, 2019 (LBO) – “I was travelling in a bus when the man seated next to me started to touch my thigh, while he was pretending to sleep. When I confronted him, I knew he would try to escape, especially since he had already made several such attempts. This is not the first time this […]
Prima Ceylon eyes more investments as it completes 40 years in Sri Lanka
Feb 28, 2019 (LBO) – Prima Ceylon, the flagship company of the Prima Group Sri Lanka, celebrated four decades of successful partnerships and growing together with the nation, at an event recently in Trincomalee, where its state-of-the-art flour milling complex and one of the largest flour mills in the world under one roof, is located. Speaking […]
LearnWare inspiring and empowering children through computer coding and robotics studies
(PRESS RELEASE) LearnWare, the professional kids’ Academy, is pleased to announce its much sought inauguration in January this year in the heart of Colombo city (No.204, 1/1, Galle Road, Colombo 04) for the benefits of the next generation young minds and in the interest of the parents, teachers and professional academics. LearnWare is a team […]
Laugfs unveils second solar-powered fuel station in Sri Lanka
Feb 27, 2019 (LBO) – Setting another benchmark in the fuel retailing industry in Sri Lanka, Laugfs Southern Petroleum launched the country’s second solar-powered fuel filling station at Waskaduwa, Kalutara with a 46.1 KW solar-panelled roof. The iconic solar-powered fuel station is expected to generate and add over 5,520 kWh per month to the National Grid […]
Resus Energy to invest Rs.1.3Bn in hydro and solar power projects in Sri Lanka
Feb 26, 2019 (LBO) – Resus Energy PLC a renewable energy firm says they will be investing a staggering 1.3 billion rupees hydropower and solar power projects during this year. These projects have been structured with focus to generating renewable and sustainable energy combining the latest tech and an environmentally responsible business proposition, the Company said issuing […]
‘s Ceylinco Life posts income of Rs.29.2Bn; PBT of Rs7.2 Bn in 2018
Feb 26, 2019 (LBO) – Ceylinco Life has reported total income of 29.21 billion rupees for the year ending 31st December 2018 and recorded premium income of 17.8 billion rupees, an improvement of 13 percent over the previous year. Announcing its 15th consecutive year of market leadership in Sri Lanka’s life insurance industry, Ceylinco Life […]
‘s Comm Bank reports operating profit Rs.31.6Bn for the year ended Dec 2018
Feb 25, 2019 (LBO) – The Commercial Bank of Ceylon PLC has reported an operating profit of 31.6 billion rupees for the year ended 31st December 2018, reflecting a growth of 12.8 percent before taxes on financial services. Profit before income tax improved by 10.4 percent to 25.6 billion rupees, a lower rate of growth attributable […]
JW Marriott Hotel and residences tower officially launched in Sri Lanka
Feb 25, 2019 (LBO) – The One Transworks Square officially launched phase two of its high end luxury development project with the launch of its second tower, JW Marriott Hotel and residences. Comprising 256 highly modern hotel rooms, 206 residences and over 200,000 sq.ft of banquet space at a height of 303 meters, the JW Marriott […]
Sampath Bank Basel III compliant debenture oversubscribed
Feb 22, 2019 9LBO) – Sampath Bank announced that its third BASEL III compliant Debenture issue, to raise 7 billion rupees, had been oversubscribed within a few hours of its opening on 20th February 2019. Having pioneered Basel III compliant debentures in the Sri Lankan market in 2017, the sum raised by way of the debenture […]
Next RIU international investor forum to kick-off in the Maldives
(PRESS RELEASE) – As part of an ongoing and sustained effort to connect Sri Lankan businesses with the global diaspora and with foreign investors looking at investing in Sri Lanka, Research Intelligence Unit (Pvt) Ltd. (RIU) will be hosting its next prestigious RIU Investor Forum 2019 along with the event’s platinum partner-Marina Square by Access Engineering, in the Maldives […]