Tag: lbo.lk
Sri Lanka stocks up after GR election victory
Nov 18, 2019 (LBO) – Sri Lanka’s All Share Index rose 94 points or 1.56 percent to 6,117 points in the first half of the day of trading following the election victory of Gotabaya Rajapaksa as the new President. Stock indexes were up across the board with index heavy John Keells Holdings showing a gain […]
SLTDA and DCC & CRM sign MOU to fasten investment approvals for tourism
Nov 15, 2019 (LBO) – Sri Lanka Tourism Development Authority (SLTDA) and the Department of Coast Conservation & Coastal Resources Management (DCC & CRM) marked a significant milestone when the two institutions signed a memorandum of understanding (MoU) to enhance the cooperation between the two agencies, and to reduce time and costs for investors both […]
ADB gives USD150Mn for rural road development
Nov 15, 2019 (LBO) – Over 3400 kilometers of rural roads and 340 kms of national highways will be developed under the Second Integrated Road Investment Program funded by the ADB, the Finance Ministry said. In addition, improvement of capacity of road agencies with respect to safeguards, road safety, maintenance, research, road design and construction […]
ComBank Group posts net profit growth of 21.2-pct for Q3
Nov 15, 2019 (LBO) – Significant improvements in the third quarter, which positively impacted its year-to-date performance, have enabled the Commercial Bank Group to post creditable results for the nine months ended September 30, 2019. Comprising of Commercial Bank of Ceylon PLC, its subsidiaries and associates, the Group reported operating profit before taxes on financial […]
Sri Lanka nominated for destination of the year award in UK for technology: SLASSCOM
Nov 13, 2019 (LBO) – SLASSCOM announced that Sri Lanka has been nominated for this prestigious award by the Global Sourcing Association (GSA). The Delivery Destination of the Year Award was established to champion best practice in sourcing programmes and to recognise and reward delivery destinations that deliver excellent results and value-add to the strategic […]
Speedily adopt modern technologies in all aspects of travel and tourism industry: IPS
The fourth industrial revolution (4IR) is changing today’s world. Globally, 64 per cent of all migrant travellers has migrated for employment. However, traditional models of employment are increasingly replaced by new developments associated with 4IR technologies. This height of technological advancements in some aspects are creating inadvertent challenges. 4IR for Travel A major development in […]
Opinion: Ban on tobacco cultivation: A blessing in disguise for Sri Lankan farmers
By Manoj Thibbotuwawa and Nimesha Dissanayaka While the topic of tobacco control is mentioned in some of the main presidential candidates’ manifestos, it is uncertain whether they will honour the commitment made in 2017 to ban tobacco cultivation by the end of 2020. All these promises come at a time when it is widely believed […]
LSE announced the launch of Millennium platform for AAX crypto-currency trading
AAX launches as the first digital asset exchange using Millennium ExchangeTM matching engine technology Marks the first deployment of Millennium ExchangeTM in the cloud Demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium […]
Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY
Nov 08, 2019 (LBO) – Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging for business. The company once more credited its performance to a focus on its core logistics business, generating revenue of Rs 28.7 Bn (a 15% growth YoY) and a Gross […]
Haycarb records turnover of Rs.11.3Bn: PAT of Rs. 844.9Mn for H1 2019/20
Nov 08, 2019 (LBO) – Haycarb PLC reported revenue of 11.3 billion rupees and profit before tax of 844.9 million rupees for the six months ending 30th September 2019. The profit after tax stood at 656.7 million rupees. Haycarb PLC Managing Director Rajitha Kariyawasan said, “The growth in turnover and profitability is attributable to the […]
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Nov 06, 2019 (LBO) – Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured debentures of up to LKR1.5 billion an expected National Long-Term Rating of ‘BBB(lka)(EXP)’. The proposed debentures are to mature in three and five years and would carry fixed- and floating-rate coupons. SFL plans to […]
‘s education in the 4IR : IPS
The profound impacts that an emerging fourth industrial revolution (4IR) will have on the future employment landscape underscore the crucial role of education and skills in preparing a workforce that can meet the needs of today’s and tomorrow’s labour markets. Indeed, education is at the heart of preparing present and future generations to succeed in […]