Tag: lbo
Sri Lanka ratifies the ILO Maritime Labour Convention
Jan 16, 2016 (LBO) – Sri Lanka recently deposited the instrument of ratification with the International Labour Office (ILO) of the Maritime Labour Convention, 2006 (MLC, 2006), a statement said. The island is the 81st ILO member State and the 16th Asian State to have ratified the Convention and the MLC, 2006 will enter into force […]
Australia to boost Sri Lanka tourism skills with Rs1.6 bln
Jan 13, 2017 (LBO) – The Australian government will provide 1.6 billion rupees in aid and technical assistance, over four years, to strengthen Sri Lanka’s tourism sector, through training and mentoring for employees and small businesses. The program will help Sri Lanka develop a highly-skilled labour force and place Sri Lanka as a premier tourist […]
Airport running smoothly despite day-time runway shut down : SriLankan
(PRESS RELEASE) – Wednesday, January 11, 2017, Colombo: SriLankan Airlines is pleased to note that despite the closure of the runway during the daytime hours from 6th January to 6th April 2017, its services and operations at the Bandaranaike International Airport in Katunayake are proceeding seamlessly, with minimal inconvenience for both inbound and outbound tourists. The […]
Asian shares wobble, dollar on track for losing week
TOKYO, Jan 13 (Reuters) – Asian shares dipped on Friday but remained on track for weekly gains while the dollar was poised for a losing week, as investors weighed whether President-elect Donald Trump would stress growth-boosting steps when he takes office. On Wall Street, major indexes finished lower a day after Trump failed to […]
Fitch affirms nine Sri Lankan banks, revises sector outlook to negative from stable
Jan 13, 2016 (LBO) – Fitch Ratings, a credit ratings agency has affirmed the long-term issuer default ratings (IDRs) of nine local banks and revised its sector outlook to negative from stable, a statement said. It affirmed the National Savings Bank (NSB) at ‘B+’; Outlook Negative, Bank of Ceylon (BOC) at ‘B+’; Outlook Negative and […]
‘s GSP+
Jan 11, 2017 (LBO) – The European Commission said it proposed to the European Union to remove significant import duties on Sri Lankan products, to restore GSP Plus trade access to Europe’s export market. “The Commission today proposed that a significant part of the remaining import duties on Sri Lankan products should be removed by the […]
New offers for Sri Lankan travelers on Emirates
(PRESS RELEASE) – Sri Lanka, 11 January 2017 – New year, new adventures. Emirates is making it even more attractive for globalistas travelling from Sri Lanka to say “hello” to new destinations and experiences in 2017 with its offer of special fares to a wide range of cities across six continents. The sale, commencing on […]
Sri Lanka tea see good demand at auction
Jan 11, 2016 (LBO) – Sri Lanka tea’s weekly Auction concluded seeing good demand with high grown tea prices recording gains and low grown teas fluctuating, a report said. “There was good demand. Prices for low grown teas tend to fluctuate whilst the prices for high and medium grown small leaf teas continued to be buoyant,” […]
Singer crosses Rs.1bn worth Huawei smartphone sales in December, Records 77-pct sales growth in 2016
(PRESS RELEASE) – Huawei, a leading smartphone brand in Sri Lanka, announced that Singer Sri Lanka, the exclusive national distributor for Huawei smartphones, has successfully surpassed Rs. 1 bn Huawei smartphone sales generated solely inthe month of December 2016. As a trusted, state-of-the-art brand amongst the general public, Huawei together with Singer enhanced their […]
‘s globally acclaimed legal luminary Justice Weeramanthry
The Muslim Community in Sri Lanka is deeply saddened by the demise of one of Sri Lanka’s most eminent jurists and a globally acclaimed legal luminary, Sri Lankabhimanya Christopher Gregory Weeramantry. Justice Weeramantry was a Judge of the Supreme Court of Sri Lanka from 1967 to 1972 and was a Judge of the International Court […]
‘s credit rating upgrade depends on IMF compliance: Fitch
Jan 10, 2017 (LBO) – Sri Lanka’s potential improvements in sovereign credit profiles will depend on the country’s level of compliance with IMF conditions, as implementation risks are often high, Fitch Ratings says. Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in several frontier markets that entered […]
CCC seeks business community support for CBSL independence
Jan 06, 2017 (LBO) – Sri Lanka’s leading business chamber has called on the business community to support and embrace the Central Bank’s Roadmap 2017 which announced a shift in monetary policy making towards a flexible inflation-targeting framework away from the current money supply targeting framework. The Ceylon Chamber of Commerce said the Monetary Policy […]