Category: Industry
Ceylon Chamber calls for more transparency on SOFA & MCC
July 03, 2019 (LBO) – Ceylon Chamber requests the Government of Sri Lanka to clarify the exact position with regards to the current status of the proposed Status of Forces Agreement (SOFA), and the Millennium Challenge Corporation (MCC) Agreement negotiations and execution. Releasing a statement, the chamber said a commitment to transparency by all parties […]
Sri Lanka tourist arrivals picking up; 66-pct increase in June from May
July 03, 2019 (LBO) – Tourist arrivals to Sri Lanka increased by 66 percent in the month of June 2019 from the previous month, the latest data from the Tourism Ministry showed. The total number of international tourist arrivals to Sri Lanka during June was 63,072, up from 37,802 reported in May just after the […]
SriLankan aims Rs75mn annual cost saving by moving back-office functions to Katunayake
July 03, 2019 (LBO) – The Board and Management of SriLankan Airlines have taken a decision to relocate all its corporate offices in the World Trade Centre to its main operational hub in Katunayake. The Management of SriLankan Airlines emphasized that it is business as usual for all their customers as none of the key […]
Lonely Planet affirms Sri Lanka as the best country to visit in 2019
July 03, 2019 (LBO) – Sri Lanka secured the top spot in the Lonely Planet’s best travel destinations list of countries to visit in 2019 despite the recent Easter Sunday attacks. The country has been upset, but continues to be an incredible place to visit and it still tops our Best in Travel for 2019, […]
CSE and SEC reach out to investor community in Jaffna
Jul 03, 2019 (LBO) – The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) recently organized a regional investor forum in Jaffna with the aim of creating awareness on stock market investments. The forum drew an encouraging response and attracted over 180 participants, including a number of present and […]
Sri Lanka – Germany fast track dialogue to assist investors and tourism
Jul 03, 2019 (LBO) – The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International Trade with the objective of addressing central issues faced by German enterprises operating in Sri Lanka under the BOI as well as facilitate new investments. Malik Samarawickrama, minister of Development Strategies […]
The Lean Six Sigma Company launches its operations in Sri Lanka
With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of the world’s leading providers of Lean Six Sigma training recently commenced its operations in Sri Lanka in partnership with DA’VISION Business Solution Pvt Ltd, making it the first country to establish their presence […]
Emirates unveils special business class fares from Colombo
(PRESS RELEASE) – Business travellers from Sri Lanka as well as aficionados of the travel experience can now sample the premium Emirates Business Class product with substantil savings, thanks to the Airline’s launch of special Business Class fares to destinations in the USA, UK, Europe and Dubai. These special fares will be available for bookings […]
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 […]
Fitch affirms 5 Sri Lankan finance companies; revises outlook on MIF to negative
July 01, 2019 (LBO) – Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has affirmed the ratings. At the same time, Fitch has affirmed the ratings of the following Sri Lankan finance companies:– Central Finance Company PLC (CF)– LB Finance PLC (LB)– Senkadagala Finance PLC […]
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 […]