Tag: lbo
Sri Lanka inflation at 5-pct in Sept 2019
Oct 22, 2019 (LBO) – Sri Lanka’s National Consumer Price Index (NCPI) increased to 5 percent from 3.4 percent recorded in August on a year-on-year basis, the Department of Census and Statistics said. The NCPI for all items for the month of September 2019 was 130.6. An increase of 0.9 index points or 0.7 percentage […]
Sri Lanka on alert for heavy rain, strong wind
Oct 22, 2019 (LBO) – The Department of Meteorology has issued a red advisory for heavy rain, strong wind and rough seas, today. The department says this is due to the active cloudiness in the northern, southern and southeastern sea areas to the island. “There is possibility for heavyshowers or thundershowers and sudden roughness,associated with […]
Farm Smart: Developing Sri Lanka’s agriculture sector in the 4IR
Manoj Thibbotuwawa and Nimesha Dissanayaka Rapid population growth has put tremendous pressure on the world’s agricultural systems to provide safe and nutritious food to all. Unfortunately, productivity growth has been hampered by land and water resources degradation and climate change. The economic and social costs of such disruptive drivers imply that the food systems need […]
‘s real estate market; A direct reflection of the economy
Oct 21, 2019 (LBO) – Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led this sector to have an increased demand for residential property from the high and middle-income sectors. The size and scale of the real estate market have always been an attractive and lucrative […]
Real-time online payment facility for BOI customers
Oct 21, 2019 (LBO) – The Board of Investment of Sri Lanka has taken another significant step forward where customers have the convenience of making their payments online directly to BOI, a statement said. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Such an initiative on […]
ICRA Lanka revises outlook on issuer rating of BoC to negative
Oct 21, 2019 (LBO) – ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank of Ceylon at [SL]AAA. The outlook on the rating is revised to negative from stable. Rationale The revision in outlook factors in BOC’s moderate capitalisation levels with steady decline […]
Colombo meeting presses for rationalization of areas of cooperation and adoption of a BIMSTEC Charter
Rationalization of areas of cooperation of Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) and draft Charter of the organization were deliberated and a draft Memorandum of Understanding (MoU) to be signed between the BIMSTEC Secretariat and the Asian Development Bank was agreed on during the 2nd meeting of the (BIMSTEC) Permanent […]
Uber Eats marks first anniversary as online sales grow
Oct 18, 2019 (LBO) – Uber Eats, an on-demand food delivery app, has delivered more than 3 million orders and completed its first successful year of operations in Sri Lanka to become a dominant player in the market. Launched in Colombo in 2018, Uber Eats is committed to make eating effortless at any time and […]
EU-Sri Lanka dialogue addresses issues concerning European investments and achieving results
Oct 17, 2019 (LBO) – The Ministry of Development Strategies and International Trade hosted the 9th European Union – Sri Lanka investor dialogue, an instrument set up in 2017 to resolve issues faced by investors from the European Union operating in Sri Lanka under the Board of Investment. The high-level meeting, which promotes bilateral cooperation […]
LankaPay, JCB International announce commercial roll-out of National card scheme
Oct 16, 2019 (LBO) – LankaClear (Pvt) Limited, the operator of LankaPay, Sri Lanka’s National payment network, together with JCB International Co., Ltd. , the international operations subsidiary of JCB Co., Ltd., announced the commercial roll-out of National Card Scheme (NCS) programme of Sri Lanka, after successfully completing the pilot stage since the announcement of […]
Sri Lanka hosts first meeting of mangrove ecosystems and livelihood action group
Oct 16, 2019 (LBO) – The first meeting of the mangrove ecosystems and livelihood action group (MELAG) under the Commonwealth blue charter, was held recently in Negombo, Sri Lanka. During the Commonwealth Heads of Government meeting 2018 held in London, realizing the importance of mangroves, at a time when Sri Lanka is ranked as No. […]
SL calls for integrated , balanced approach for prevention of drug use and abuse
Oct 15, 2019 (LBO) – Sri Lanka has called for an integrated and balanced approach in the prevention of drug use and abuse, noting that tackling this issue requires both the reduction in supply and demand, as well as combating trafficking in narcotic drugs and psychotropic substances as well as treatment and rehabilitation of drug users. […]