Tag: lbo
Salaries of public servants to be increased from Jan 2020: Fin Min
Sep 27, 2019 (LBO) – The monthly salary of all public servants will be increased by a minimum amount of 3000.00 rupees and, a maximum of 24,000.00 rupees per month effective from January 2020, a statement said. The Finance Ministry says the hike is as per the recommendation of the special commission on reviewing salaries […]
Ceylinco Life named one of Sri Lanka’s 10 most admired companies
Sep 27, 2019 (LBO) – Ceylinco Life Insurance was named among the 10 most admired companies in Sri Lanka at the 2019 edition of the International Chamber of Commerce, Sri Lanka (ICCSL) collaboration with the Chartered Institute of Management Accountants (CIMA) awards. The only insurance company in this pantheon of corporate giants, Ceylinco Life was […]
International expert calls for policy recalibration to support property development
Sep 25, 2019 (LBO) – The future of Sri Lanka’s economic development hinges on how domestic policies towards real estate evolve, particularly with respect to supporting the massive demand for vertical living in Colombo and its suburbs, an international expert said. Malayasin property expert Michael Yam said that he sees major emerging opportunities in Sri […]
Teejay grabs ‘Best Exporter Award –Textile Sector’ at Presidential Export Awards
Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, was adjudged the Best Textile Exporter in Sri Lanka at the 2019 Presidential Export Awards presented by the Export Development Board (EDB). The ‘Best Exporter Award –Textile Sector’ presented to the Company at the 23rd edition of this awards programme, marked Teejay Lanka’s debut at this […]
Global financial assets fall, SL economy slows: Report
Sep 20, 2019 (LBO) – Allianz’s Global Wealth Report, which puts the asset and debt situation of households in more than 50 countries/regions under the microscope says financial assets in 2018 across industrial and emerging countries/regions declined simultaneously for the first time. Savers worldwide have found themselves in a bind, due to the escalating trade […]
Germany, an important donor and technical partner for Vocational Training: Fin Min
Sep 19, 2019 (LBO) – For over six decades, Germany has remained Sri Lanka’s most important donor and technical partner for Vocational Training, Finance Minister Mangala Samaraweera said. “I want to use this important occasion to specifically pay my gratitude to the Government and the people of Germany for this noble endeavor, ” he said […]
Sri Lanka GDP growth 1.6-pct in Q2
Sep 19, 2019 (LBO) – Sri Lanka’s Gross Domestic Product (GDP) growth rate for the second quarter of 2019 has been estimated as 1.6 percent, a new report said. The GDP for the second quarter of 2019 at current price and constant (2010) price have reached up to 3,620,736 million rupees and 2,315,995 million rupees […]
“Sri Lankan Airlines is a vanity we cannot afford,” Fin Min says
Sep 17, 2019 (LBO) – Sri Lanka’s Finance Minister, Mangala Samaraweera says State Owned Enterprises (SOE) management has become political rather than professional, resulting in waste and corruption. “For example, my personal view is that Sri Lankan Airlines is a vanity we cannot afford,” the Minister said while addressing the Ceylon Chamber of Commerce Economic […]
Sri Lanka’s Economic Summit 2019 Opens Today
Sep 17, 2019 (LBO) – The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s journey towards development and prosperity will get underway at the Cinnamon Grand Colombo, today. The two-day event brings together over 450 local and international participants consisting of prominent business leaders, […]
Capitol TwinPeaks boosts expat segment confidence in Sri Lanka real estate
Colombo, Sri Lanka – September 2019 – Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has recorded an increase in Sri Lankan expatriate interest in both the residential project, as well as Central Colombo’s luxury apartment market segment. Speaking with Sri Lankan expat and Group […]
Lotus Tower, tallest in South Asia to open today
Sep 16, 2019 (LBO) – The Lotus Tower in Sri Lanka, the tallest in South Asia, will be open to the public from today. The 350 m tall Tower was constructed at a cost of 104.3 million dollars with funding from the Government of China and covers an area of 30,600 sq.m. Lotus Tower will […]
Demand builds for islands first state run automotive service hub
Sep 16, 2019 (LBO) – Sri Lanka’s first ever state run wheel alignment centre (WAC) for four wheel light vehicle class was launched in September has seen demand for its services peak from state owned and private vehicle owners. “Eight vehicles, including high-roof ambulances, have been serviced within just seven hours’ of opening of STC […]