Tag: lbo
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. […]
Ten books to check out at Big Bad Wolf
Reading calls for exciting times, especially when you know that the World’s Biggest Book Sale is back to Colombo, Sri Lanka for the third consecutive year and it’s just around the corner. Change is inevitable and this means that new things are foreseeable. This ideal is synonymous with the Big Bad Wolf Book Sale, which […]
SL should prepare implementable electricity generation plans: Nishan de Mel
Oct 15, 2019 (LBO) – Sri Lanka should prepare implementable and consistent electricity generation plans incorporating PESTAL factors, global trends and policy changes, without focusing only on the technical mix of the electricity generation, an economist said. “I think we misunderstand the problem of planning. We think that planning is simply an act of getting […]
Sri Lanka assures support to further the global disarmament agenda
Oct 14, 2019 (LBO) – Foreign Secretary Ravinatha Aryasinha has assured the UN high representative on disarmament Izumi Nakamitsu of Sri Lanka’s practical support in New York, Geneva and Vienna in furthering the global disarmament agenda. The Foreign Secretary who was in New York leading the Sri Lanka delegation to the 74th Session of the UN General […]
Sri Lanka Retailer’s Association joins Asia counterpart
Sidath Kodikara President of Sri Lanka Retailers’ Association (SLRA) and Murali Prakash, Vice president of SLRA attended the 19th Asia-Pacific Retailers Convention and Exhibition (APRCE), which is held in September 2019, at Chongqing Yuelai International Convention Center, Chongqing, China. The theme of this year APRCE was ‘New Retail, New Consumption, New Dynamics – Cooperation and […]
Sri Lanka CB maintains policy rates unchanged
Oct 11, 2019 (LBO) – Sri Lanka’s Monetary Board has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 7.00 percent and 8.00 percent, respectively. The Board arrived at this decision following a careful analysis of current and expected […]