Category: Other
WFP & S4IG partner to address poor nutrition in Sri Lanka
The United Nations World Food Programme (WFP) and Skills for Inclusive Growth (S4IG), an initiative of the Australian Government, have signed an agreement to work together to promote healthy diets. One of the key features is a collaboration with Supreme Chef, a popular competitive cooking TV show in Sri Lanka. “We are excited to partner […]
Experts suggest blue ocean strategy for Ceylon Tea
Feb 13, 2020 (LBO) – The strategy experts suggest that the Sri Lanka tea industry should consider adopting the blue ocean strategy for it’s profitably and sustainability. The comments were made at a seminar organized by Tea Exporters Association recently under the theme of “Inventing New Horizons for Ceylon Tea” with the objective of finding […]
Haycarb records PBT of Rs1,578mn for 9 months
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 17.6 billion and profit before tax of Rs. 1,578 million for the nine months ending 31st December 2019. The profit after tax stood at Rs. 1,275 million. Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said, “the growth in turnover and profitability is attributable to the […]
Chief of Naval Staff of Pakistan Navy visits Hambantota Intl Port
Admiral Zafar Mahmood Abbasi, Chief of Naval Staff of the Pakistan Navy and a delegation of officers visited the Hambantota International Port recently. They were welcomed by CEO of HIPS, Captain Ravi Jayawickreme and briefed on various aspects of the development of the port. (Media Release)
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The ordinary voting shares will be listed by way of an IPO via an Offer for Sale of 10mn shares at a price of Rs. 5.70 per share while the ordinary non-voting […]
Land an investment tool: Creates greater appeal for affluent
Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial purposes. However, land purely as a tool of investment has increasingly become an area of interest. The annual increment of land value every year is stipulated to be around […]
Opinion: Girls in STEM, How is Sri Lanka faring?
Ashani Abayasekara Written for International Day of Women and Girls in Science on 11 February 2020 Sri Lanka is well recognised as a leader in gender-equal education in the developing world; World Bank statistics show that primary and secondary school enrollments and completion rates are similar for girls and boys, while girls have higher enrollment […]
” wins best picture & makes history
Feb 10, 2020 (LBO) – The 2020 Academy Awards belonged to “Parasite” and became the first foreign-language film to claim the award and the first South Korean film ever to win an Oscar. The South Korean film won four Oscars, including the biggest prize: Best Picture. Director Bong Joon-ho stole the show at this year’s […]
Central Environment Authority awards Melting Point Certification to ODEL
The Central Environment Authority (CEA) recently awarded ODEL PLC Sri Lanka the ‘Melting Point Certification’ as a certified partner of its aluminum upcycling project. The latest project aims to increase awareness about environmental pollution and the importance of recycling through the production of handmade upcycled aluminum products available for sale at all ODEL outlets. The […]
MillionSpaces takes centre-stage at SLASSCOM’s Innovation Awards 2019
MillionSpaces, an online marketplace where users discover and book unique spaces and venues for various events, was bestowed with the 1st Runner-Up for the highly-coveted ‘Best Disruptor Award’ at the annual ‘Innovation Awards and Gala 2019’, hosted by SLASSCOM at the Shangri-La Hotel, Colombo recently. The awards recognize and celebrate innovators across a range of […]
Our message is same for Tajikistan, Pakistan or Sri Lanka: US Ambassador Wells
Feb 07, 2020 (LBO) – US Ambassador Alice Wells says that on Belt and Road Initiative or on China–Pakistan Economic Corridor, their message is the same whether they are engaging with Tajikistan, Pakistan, or Sri Lanka. Principal Deputy Assistant Secretary in the Bureau of South and Central Asian Affairs at the State Department, Alice Wells […]
Opinion: Measuring poverty within Sri Lanka’s new reality as upper-middle-income country
Wimal Nanayakkara Sri Lanka achieved ‘Upper Middle Income Country’ (UMIC) status in July 2019, as the country’s Gross National Income (GNI) increased from USD 3,840 per capita in 2018 to USD 4,060 per capita in 2019. World Bank’s (WB) new threshold for UMICs is USD 3,996 – USD 12,375 GNI per capita. Sri Lanka scraped […]