Tag: lbo
Tourist arrivals in Sri Lanka up 26-pct in May 2015
Jun 06, 2015 (LBO) – Tourist arrivals in Sri Lanka increased 26 percent from a year earlier to 113,529 in May 2015, with growth in seen in the Chinese and Indian arrivals, data from the state tourist promotion agency showed.Chinese tourists were up 71 percent to 12,173 while Indian arrivals were up 38.2 percent to […]
John Keells Hotels says social media and online marketing will boost brand presence
June 5, 2015 (LBO) – Sri Lanka’s John Keells Hotels, a leading hotel operator with a portfolio of 11 hotels and 1,336 rooms in Sri Lanka and Maldives says that company’s social media strategy and online marketing strategy will help boost brand presence in the global tourism market. “Our Company remains positive that the newly […]
Netherlands To Explore Opportunities In Sri Lanka’s Dairy Sector
Jun 05, 2015 (LBO) – A Dutch delegation of dairy companies will visit Sri Lanka in June to explore doing business with local firms and support the island’s dairy industry, the embassy said in a statement.“This visit should result in long term business activities which will contribute towards economic development in Sri Lanka and the […]
Sri Lanka’s Finance ministry to fund halted projects in Colombo
June 5, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake yesterday said that the government will allocate 1,296 million rupees for 390 projects in the Colombo District which were halted due to lack of funding.“These projects should have been completed last year.But the government has not given funds,” Karunanayake told LBO. “So now we […]
Cycling Culture Can Help Cure Sri Lanka’s Road Congestion: Min Ranawaka
Jun 04, 2015 (LBO) – Cycling can help reducing the congestion on Sri Lanka urban roads and conserve energy, Minister of Power and Energy said. “A vehicle needs to travel at 60-70 km/h to be fuel economical, this was possible in the 1980’s in Colombo, but now it has become 8 km/h and in the […]
Sri Lanka’s T-bill yields close flat on Wednesday
June 3, 2015 (LBO) – Sri Lanka’s Treasury bill yields close flat at Wednesday’s auction with 3-months yield unchanged at 6.07 percent while 6-month yields also were flat at 6.18 percent, data from the state debt office showed.It was decided to accept 6,632 million rupees from the auction of 03 month yields from received 19,629 […]
LBR LBO Enterprise Summit 2015 – Sri Lanka – “Technology Drives Disruption: Embrace or Face Extinction” – 14 July 2015
Topic: Sri Lanka – Technology Drives Disruption: Embrace or Face Extinction Date/Time: Tuesday 14th July 2015 | 0845 – 1800 Hrs Venue: Oak Room, Cinnamon Grand Host: Lakshaman Bandaranayake | Founder, Publisher | Lanka Business Online [LBR LBO] Inquiries: Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 Nimalka Karunatillake | nimalka@lbo.lk | […]
Ceylinco Insurance Separates General And Life Businesses
June 03, 2015 (LBO) – Sri Lanka’s Ceylinco Insurance said that it separated its insurance business to continue as two different entities- Ceylinco Life Insurance and Ceylinco General Insurance. The company said in a filing to CSE that this decision was taken in keeping with section 53 of the regulation of the insurance industry (amended) […]
Ceylon Cold Stores Says Health Concerns May Impact Carbonated Soft Drink Market
June 3, 2015 (LBO) – Sri Lanka’s Ceylon Cold Stores says that the growth potential for carbonated soft drinks may be limited due to growing health concerns of consumers, even though there has been an increase in disposable income.“I am confident that the increase in disposable income witnessed in the last quarter will act as […]
CSE Push For New Product Development
June 03, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) said, that it is pushing for new instruments for development, as it will implement a new system soon to reduce risk.“We have to manage our risk according to world standards,” Vajira Kulatilaka , Chairman of CSE said at the launch of annual report.“We have […]
Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO
June 3, 2015 (LBO) – Sri Lanka’s state run airline needs to think out of the box to keep up with rapidly changing industry trends, the new Chief Executive of the national carrier, SriLankan Airlines said.“Discerning customer expectations have started revolving around the unique and innovative airline and aviation related products that service-providers have to […]
Sri Lanka’s Finance Minister ready to debate with former Finance Minister, Rajapaksa
June 3, 2015 (LBO) – Sri Lanka new administration’s Finance Minister Ravi Karunanayake said that he is ready to participate in a public debate on the country’s current economic situation. Issuing a Statement Tuesday (02), Karunanayake said that it is better if former President Mahinda Rajapaksa can participate for the debate since he was the […]