Tag: lbo.lk
Year on year food prices increase close to 50-pct: Advocata
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 14% from March 2022 to April 2022. This is a year on year increase of 49% for this basket of food. This is driven primarily by prices of dhal and samba rice being the […]
Investment opportunities of Port City Colombo presented in London
Sri Lanka High Commission in London in partnership with the CHEC Port City Colombo (Pvt) Ltd and Commonwealth Enterprise and Investment Council organised a presentation on investment opportunities in education and finance sectors in the Port City Colombo project to UK investors on 26 April 2022 at the High Commission premises. Delivering the welcome address, […]
“Export outlook dims amidst economic challenges” latest CCC-USAID export barometer survey says
Findings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face mounting challenges posed by increasing local and global economic risks. This survey was conducted by the Ceylon Chamber of Commerce (CCC) and the United States Agency for International Development (USAID)’s Partnership for Accelerating Results […]
MAS Holdings’ calls for immediate and decisive action to resolve the current crisis
MAS Holdings, one of Sri Lanka’s largest private sector employers and exporters reiterates the need for immediate and decisive action to resolve the current economic and social crisis, in a peaceful and sustainable manner. Issuing a statement the organization said “Given the ensuing events, MAS as a responsible organization, unconditionally support the call for change […]
Bangladesh and Sri Lanka explore new investments and Blue economy potential
High Commissioner Professor Sudharshan Seneviratne drew home the importance of the tremendous potential both countries hold to work jointly towards a win-win situation on multiple areas of investments and be joint stakeholders in the blue economy having a shared interest in the Bay of Bengal. These ideas were discussed at a meeting held with the President […]
Manufacturing PMI increased month-on-month basis at slower rate
Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet at a slower rate than the previous years. This increase was mainly attributable to the improvements observed in production, new orders and employment sub-indices following the seasonal demand. The increase observed in new […]
Shamindra Marcelline receives CEO of the year 2022 award
Shamindra Marcelline, Chief Executive Officer of People’s Leasing & Finance has been bestowed with the award ‘CEO of the Year 2022’ from Sri Lanka Best Employer Brands Award 2022. The award, certified by the World Federation of Human Resources Professionals and endorsed by CHRO Asia, recognises leaders of organizations who have ‘contributed to the growth of […]
How is an economic crisis affecting people?
People across Sri Lanka are struggling to get hold of daily essentials as the country faces its worst economic crisis in decades. Sri Lanka is mired in public debt after revenue from tourism evaporated in the wake of the coronavirus pandemic. With the country’s foreign currency reserves dwindling and foreign debt payments around the corner, […]
MP should declare assets, have age limits: Tharaka Balasuriya tells Paliament
Sri Lanka Podujana Peramuna (SLPP) Parliamentarian and State Minister of Regional Co-operation Tharaka Balasuriya says all parliamentarians should declare their assets and also be held accountable through the Attorney General. “This will help to refute widespread public allegations of corruption,” he told Parliament yesterday. “I have a few suggestions to make, which I feel would […]
Ready to join interim government on condition of rebuilding economy: SJB tells government
Samagi Jana Balawege MP Eran Wickremaratne stated in Parliament today that if the Prime Minister agrees to the proposal to abolish the executive Presidency, as intimated in Parliament, the main opposition is ready to join an interim government at the invitation of the government and take up the responsibility of reviving the economy tomorrow. The […]
Four ministers appointed to maintain affairs of Parliament and other functions
President Gotabaya Rajapaksa today (04) appointed four Ministers to maintain the affairs of the Parliament and other functions of the country legitimately and stably until a full Cabinet is appointed. These Ministers were appointed as there is a need to appoint a Leader of the House and a Chief Government Whip for the functioning of […]
President invites all political parties to accept ministerial portfolios
President Gotabaya Rajapaksa invited all political parties to come together to find solutions to the ongoing national crisis.The current crisis is a result of several economic factors and global developments. As one of the leading democratic countries in Asia, solutions should be found to this within a democratic framework.Considering this a national need, the time […]