Tag: lbo
SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) – State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. The total debt of Sri Lankan exceeded US 750 million dollars, according to mid –year Fiscal Position Report -2019 of the Finance Ministry. “While the Government is currently […]
Sri Lanka public servant pay hike effective from today
Jul 01, 2019 (LBO) – The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is effective from today (July 01). Accordingly, all public servants will receive an additional monthly allowance of 2500.00 rupees, the Finance Ministry said issuing a statement. Also, allowance for security forces […]
Death penalty sends wrong signal to investors: EU
Jun 28, 2019 (LBO) – The European Union has issued a statement opposing the revival of the death penalty, saying it will send wrong signals to investors and violate commitments to the United Nations. Sri Lanka is actively moving towards resuming executions, which would bring an end to its 43-year moratorium on the death penalty. […]
SLASSCOM and AWS collaborate to position Sri Lanka as hub for data science and AI
Jun 28, 2019 (LBO) – To position Sri Lanka as a hub for data science and artificial intelligence (AI) skills, the Sri Lanka Association of Software and Services Companies (SLASSCOM) today announced the launch of its knowledge and skills mission to train 50,000 engineering and non-engineering students in Sri Lanka. The students will receive training […]
Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report
Jun 28, 2019 (LBO) – Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land prices in Greater Colombo, according to a recently concluded study. LankaPropertyWeb.com analysed postings in its website to ascertain the change in asking prices for land in the Greater Colombo area. Thalahena […]
Sri Lanka updates HRC on measures taken to advance human rights, peace and security
Jun 26, 2019 (LBO) – The Sri Lanka delegation to the Human Rights Council briefed the Council on progress made in addressing human rights concerns, national security imperatives, as well as reconciliation priorities. Sri Lanka’s intervention under agenda item 2 of the council, followed the oral update provided by the UN High Commissioner for Human […]
Comm Bank commences acceptance of LankaPay-JCB cards
Jun 25, 2019 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to have its point-of-sale (POS) network accept LankaPay-JCB (Japan Credit Bureau) co-branded cards issued under the national card scheme programme. This follows the integration of Commercial Bank and the LankaPay Common POS Switch System […]
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) – The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted the best container terminal in Asia in the under four million TEUs category at the prestigious asian freight, logistics and supply chain (AFLAS) awards hosted and presented by asia […]
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) – Sri Lanka’s economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. The Gross Domestic Product (GDP) at constant (20 I0) prices for the first quarter of 2019 recorded as 2,326,273 million rupees and GOP reported for the first […]
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) – The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of financial institutions and stakeholders, recently. This was the national launch of the roadmap for sustainable finance which was unveiled globally in April 2019 at the sustainable banking network global […]
Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack
(PRESS RELEASE) – Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and Utilities continues unhindered. The sector reports continued interest from local and international buyers who believe “Sri Lanka will bounce back”, from the recent Easter Sunday attacks that took place on April 21 […]
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) – Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise Salu Sala. While we commend this decision, we are also anticipating the official gazette enacting this statement. The SaluSala, now a white elephant to society, was once the only state textile trading enterprise in the […]