Category: Other
Austrian banks grant Rs2.7bn interest free loans for university & health sectors
May 24, 2018 (LBO) – Two Austrian banks have provided over 2.7 billion rupees worth interest free loans for health sector development and to improve university medical facilities, the Finance Ministry said. The Erste Bank of Austria has provided EUR 9.5 million (approximately SLR 1,810 million) interest free credit facility to enhance the access to […]
SLRA proposed VAT refund system for foreign tourists to be implemented in June
Sri Lanka Retailers’ Association (SLRA) delegation met with Mr. Mano Tittawella – Senior Advisor, Ministry of Finance & Media to discuss initiatives in creating new jobs and employment opportunities from the Organized Retail industry through its membership comprising of top local corporates entities towards partnering and supporting the Governments’ one million new jobs under its […]
Mastercard to transform Sri Lanka’s digital payments landscape with QR
Mastercard unveiled Mastercard’s Merchant Presented QR payment solution in Sri Lanka, a safe and secure Quick Response (QR) based mobile payments solution. The solution enables shoppers to safely pay using a mobile application with a standardized QR code support to scan the merchant-presented QR code, which works on smartphones. Ushering in a new era for […]
Ceylinco Life’s 2017 net profit grows to Rs 9.4 billionCeylinco Life’s 2017 net profit grows to Rs 9.4 billion
(PRESS RELEASE) IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced that its net profit for the year ending 31st December 2017 is Rs 9.467 billion, including a one-off surplus of Rs 3.456 billion generated by a change in the basis of the valuation […]
Sri Lanka adverse weather death toll at 13, Showers to continue
May 24, 2018 (LBO) – Sri Lanka’s death toll due to the prevailing adverse weather conditions had increased to 13 as rains are expected to peak on Thursday with showers or thundershowers to occur in Western, Southern, Sabaragamuwa, Central and North-Western provinces, reports said. The Disaster Management Centre (DMC) said 11 people were confirmed dead on […]
Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) – Sri Lanka’s tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year while bulk tea and tea bags show a marginal decrease, a new report shows. “When analyzing the total revenue realized of 17.1 billion rupees for April 2018, […]
Sri Lanka’s main problem, inability to move from apparel to advanced sectors: Hausmann
Prof. Ricardo Hausmann briefs BOI Staff on Economic development; the way forward discussed Prof. Ricardo Hausmann, Director of the Center for International Development and Professor of the Practice of Economic Development at the John F Kennedy School of Government, Harvard University visited BOI and addressed staff of the Board. The Professor was accompanied by other […]
Sri Lanka launches new budget Tuk Tuk Hostels
The launch of Tuk Tuk Hostels (TTH) marks a new addition to the budget accommodation offering for tourists in Colombo and embraces the youth hostel concept to its fullest. TTH caters to the expectations of young travelers and all those who value sharing, spontaneity and experience. Located down Thimbirigasyaya Road, Colombo 5, TTH offers a […]
CEB strengthens Maintenance Management Process with ACECAM
Ceylon Electricity Board (CEB) is the leading state-owned organization in using Computerized Maintenance Management Solution(CMMS) for utility management in Sri Lanka with its solution partner Acecam (Pvt) Ltd. CEB continues the journey of improving their entire maintenance management process by implementing “TOMMS” which is a computerized maintenance management software (CMMS) for its critical asset management […]
Hayleys becomes first listed Sri Lankan company to cross USD1bn turnover
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate, Hayleys PLC announced a record breaking top-line performance as revenue expanded by 47% Year-on-Year to Rs.163.2 billion during the 12 months to 31st March 2018. Supported by addition of 6 months of operations from its recently acquired […]
Johann Peries successfully summits Mount Everest
May 22, 2018 (LBO) – Johann Peries has summited Mount Everest today becoming the second Sri Lankan to summit Everest after Jayanthi Kuru Utumpala in 2016. PR & Media Consultant Kumar de Silva said in a Twitter post that after having summitted Mount Everest at 5.55 AM Nepal time today, Johann Peries has now begun […]
Lord Naseby meets Sri Lankan Diaspora at House of Lords
One of the 1st events representing Sri Lankan Diaspora at the House of Lords Last week, the UK Parliament paid tribute to the Sri Lankan community living in the United Kingdom with the first-ever meeting pertaining to Sri Lanka, one of the most auspicious days in the British calendar last week. For the first time […]