Tag: lbo.lk
HSBC and IUCN announce project for development of greener apparel industry
Dec 06, 2019 (LBO) – HSBC and International Union for Conservation of Nature (IUCN) Sri Lanka Country Office announced the launch of their project to crystalize a cohesive low carbon development transition strategy for the local apparel industry recently. The strategy will be developed in partnership with the Joint Apparel Association Forum of Sri Lanka […]
Sri Lanka tourist arrivals down 9.5-pct in Nov 2019
Dec 05, 2019 (LBO) – Sri Lanka’s tourist arrivals were down 9.5 percent in November 2019 to 176,984 from 195,582 a year earlier, new data show. Sri Lanka Tourism Development Authority (SLTDA) said yesterday arrivals up to November was 1.672 million, down from 2.08 million or 19.6 percent from a year earlier. The island is […]
Investor Dr. Mark Mobius in Colombo next week
Dec 03, 2019 (LBO) – Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment pioneer, Dr. Mark Mobius for an exclusive breakfast forum hosted by the premier lifestyle brand. The latest in a series of high-profile engagements by Cinnamon Life, the interactive forum is set to take place […]
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) – The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 percent, the Department of Census and Statistics said. Year on year inflation of food group has decreased from 6.8 percent in October 2019 to 4.6 percent in November 2019 […]
SLASSCOM honors Sri Lanka’s most innovative technology product and service companies
Dec 02, 2019 (LBO) – SLASSCOM recently hosted the annual innovation awards and gala 2019 for the second consecutive year at the Shangri-La Hotel, Colombo, recognizing and celebrating innovators across a range of award categories in the knowledge solutions industry. Nearly 100 submissions were received for the seven award categories namely; best product innovation, best […]
SL Govt re-affirms commitment Vienna Con on diplomatic relations following Swiss Embassy incident
Nov 29, 2019 (LBO) – The Government of Sri Lanka has taken serious note of the alleged criminal incident concerning a locally recruited staff member of the Embassy of Switzerland in Colombo, recently a statement said. On being informed of the alleged incident yesterday, the Police has taken immediate action to commence an investigation into […]
President appoints six-member committee to aid appointments at state institutions
Nov 29, 2019 (LBO) – The Presidential Secretariat appointed a six-member committee comprised of professionals under the directions of President Gotabaya Rajapaksa to submit recommendations on appointment of competent personnel to the Boards of Public Enterprises, Statutory Bodies and State-owned Commercial Businesses. The high-level committee headed by Sumith Abeysinghe, former Secretary to the Cabinet and […]
Dinesh Gunawardena calls on Foreign Ministry officials to rise to new challenges
Nov 27, 2019 (LBO) – Minister of Foreign Relations Dinesh Gunawardena assumed duties yesterday that the entire country is looking towards the Foreign Ministry to find solutions for external pressures and challenges. “Hence, it is necessary for the officers in the Ministry and the network of missions to work dedicatedly towards overcoming these challenges,” he […]
4IR: A challenge or an opportunity for gender equality
Institute of Policy Studies – IPS These technological advances of the hold significant implications on existing gender structures and balances, especially in the labour market. While optimists point out to opportunities for strengthening women’s position through greater gender equality through the 4IR, counterarguments that are put forward signal the 4IR would be ‘gender blind’. Entrenched […]
Opinion: Helping Sri Lankan workers in South Korea save better
Janaka Wijayasiri Sunil has been employed in South Korea for the last three and a half years, working for a Small and Medium Enterprise (SME) manufacturing automobile parts, in the industrial town of Ansan, in the outskirts of Seoul. He earns KRW 2.5 million or LKR 400,000 a month with overtime and night-shift allowances – […]
Sri Lanka inflation hits high of 5.6-pct in October 2019
Nov 22, 2019 (LBO) – The National Consumer Price Index (NCPI) for all items for the month of October 2019 was 131.9, an increase of 1.3 index points or 1.0 percentage compared to September 2019. The overall rate of inflation as measured by NCPI on year‐on‐year basis is 5.6 percent in October 2019 and inflation […]
Ceylinco Life unfazed by conditions, posts impressive 9-month results
PBT up 54.8% to Rs 5.8 billion on net income of Rs 22.8 billion Net premium income grows 5.5% to Rs 13.3 billion Life Fund increases by 4.8% to Rs 92.3 billion Ceylinco Life has posted robust income and profit growth for the nine months ending 30th September 2019, continuing the Company’s sector-leading performance into […]