Tag: lbo.lk
Ceylinco Life named one of Sri Lanka’s 10 most admired companies
Sep 27, 2019 (LBO) – Ceylinco Life Insurance was named among the 10 most admired companies in Sri Lanka at the 2019 edition of the International Chamber of Commerce, Sri Lanka (ICCSL) collaboration with the Chartered Institute of Management Accountants (CIMA) awards. The only insurance company in this pantheon of corporate giants, Ceylinco Life was […]
Sri Lanka reserves at USD 8.3bn at end Jul 2019
Sep 26, 2019 (LBO) – Sri Lanka’s gross official reserves stood at US 8.3 billion dollars by end July 2019, equivalent to 4.9 months of imports, the Central Bank said. Total foreign assets, which consist of gross official reserves and foreign assets of the banking sector amounted to US 11.0 billion dollars as at end […]
Sri Lanka trade deficit widens in July; export earnings decline
Sep 26, 2019 (LBO) – The trade deficit widened in July 2019 as exports fell more than the decline in imports, new data shows. Export earnings recorded a decline of 7.0 percent (year-on-year) after a steady growth for several months while import expenditure declined by 2.2 percent (year-on-year) in July 2019, data from the Central […]
International expert calls for policy recalibration to support property development
Sep 25, 2019 (LBO) – The future of Sri Lanka’s economic development hinges on how domestic policies towards real estate evolve, particularly with respect to supporting the massive demand for vertical living in Colombo and its suburbs, an international expert said. Malayasin property expert Michael Yam said that he sees major emerging opportunities in Sri […]
Ceylon Chamber’s ‘Future of Business’ event to help reimagine future of work
Reimagining the future of work, will be the focus of the Ceylon Chamber’s third consecutive ‘Future of Business’ innovation strategy and learning event. This is ideal for leading Sri Lankan companies, SMEs and family owned businesses to gain unique and practical insights that can transform their businesses. The event will be a platform to learn […]
Youth leaders pressure governments and business for climate emergency
Sep 24, 2019 (LBO) – Youth leaders vowed continued pressure on governments and business for urgent action to address climate emergency at UN Youth Climate Summit Following massive rallies around the world for climate action. A day after thousands of young people marched and rallied for urgent climate action, young leaders brought their message to […]
Tea top exporter Anverally and Sons wins 3 accolades
Recognised at Presidential Export Awards and National Chamber of Exporters’ Awards Anverally and Sons (Pvt) Ltd., one of Sri Lanka’s oldest and most respected exporters of tea, with a history of 129 years, won three prestigious awards on consecutive days last week, demonstrating the Company’s continuing dynamism. Currently ranked one of the largest tea exporters […]
Vehicle registrations marginally down in August 2019
Sep 23, 2019 (LBO) – Sri Lanka’s total motor car registrations recorded 2,385 units in August down from 2,584 units in July and significantly down from 7,003 units 12 months ago, a new report shows. Brand new cars recorded 361 units in August up from 299 units in July and significantly down from 890 units […]
Teejay grabs ‘Best Exporter Award –Textile Sector’ at Presidential Export Awards
Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, was adjudged the Best Textile Exporter in Sri Lanka at the 2019 Presidential Export Awards presented by the Export Development Board (EDB). The ‘Best Exporter Award –Textile Sector’ presented to the Company at the 23rd edition of this awards programme, marked Teejay Lanka’s debut at this […]
Global financial assets fall, SL economy slows: Report
Sep 20, 2019 (LBO) – Allianz’s Global Wealth Report, which puts the asset and debt situation of households in more than 50 countries/regions under the microscope says financial assets in 2018 across industrial and emerging countries/regions declined simultaneously for the first time. Savers worldwide have found themselves in a bind, due to the escalating trade […]
Enterprise Sri Lanka introduces mobile service islandwide
Sep 20, 2019 (LBO) – The Finance Ministry has made arrangments to reach the people and conduct Enterprise Sri Lanka mobile service island-wide in order to provide capital loans at subsidised interest rate for small and medium, self employment or industries. Accordingly, Enterprise Sri Lanka mobile service will be held at the Kirindiwela Maha Vidyalaya […]
Germany, an important donor and technical partner for Vocational Training: Fin Min
Sep 19, 2019 (LBO) – For over six decades, Germany has remained Sri Lanka’s most important donor and technical partner for Vocational Training, Finance Minister Mangala Samaraweera said. “I want to use this important occasion to specifically pay my gratitude to the Government and the people of Germany for this noble endeavor, ” he said […]