Tag: lbo
Sri Lankan rupee trades firmer on dollar selling by banks
COLOMBO, Nov 9 (Reuters) – The Sri Lankan rupee was trading firmer on Wednesday as dollar selling by banks outpaced demand for the greenback from importers as the U.S. currency fell, dealers said. The U.S. dollar sank and stocks plummeted as mayhem came to world markets on Wednesday as investors faced the possibility of a […]
‘s tourism minister highlights red-tape as major challenge
Nov 09, 2016 (LBO) – Sri Lanka’s ambitious plans to develop its tourism sector are being held up by too much bureaucracy, according to the island’s Minister for Tourism, John Amaratunga. Speaking ahead of the inaugural Asia Hotel and Tourism Investment Conference (AHTIC) in Colombo, he said: “One of the biggest challenges is the bureaucracy. […]
Dollar spooked in Asia as US polls too close to call
SYDNEY, Nov 9 (Reuters) – Asian markets were on tenterhooks on Wednesday as early state exit polls in the U.S. presidential election showed wins for both candidates and no clear trend as yet, causing a nervous shift back to safe haven assets. Asian stocks and U.S. stock futures edged 0.5 percent higher in volatile trade, […]
Budget 2017 will rectify all anomalies: Finance Minister
Nov 09, 2016 (LBO) – Sri Lanka’s Minister of Finance said that the 2017 Budget will be a pro-growth budget which will focus on the deficiencies for the last several years. “Accordingly the budget would have proposals to rectify all the anomalies that are there to deal with export sector to create job,” Ravi Karunanayake, […]
Sri Lanka welcomes first KLM flight after nearly 20 years
Nov 08, 2016 (LBO) – KLM Royal Dutch Airlines resumed flights to Sri Lanka on 01 November with a twice-weekly service between Colombo and Amsterdam operated by Boeing 787 Dreamliner aircraft, a statement said. On board were KLM VIPs and Joanne Doornewaard, ambassador of the Kingdom of the Netherlands to Sri Lanka and Maldives. Throughout […]
Nestlé Lanka invests Rs500Mn in Sri Lanka’s dairy industry
Nov 08, 2016 (LBO) – Nestlé Lanka, a unit of the Swiss-based food group, announced the opening of a new UHT milk plant in their factory in Kurunegala. The company has made an investment of 500 million rupees in the island’s dairy industry with the new production facility. Through this new investment on a UHT […]
VirtusaPolaris Unveils Robotic Automation and Innovation Centre, RAICer, at Colombo Facility
(PRESS RELEASE) – Taking Robotic Process Automation (RPA) and Quality Assurance (QA) practices to the next level, VirtusaPolaris unveiled its latest epicentre for innovation, the Robotic Automation and Innovation Centre, RAICer, at its Sri Lanka Advanced Technology Centre (ATC) in Colombo recently. The facility was declared opened by Kris Canekeratne, chairman and CEO of VirtusaPolaris. […]
JAT conferred Sri Lanka Best Employer Brand Award
(PRESS RELEASE) – Colombo. Friday 04 November 2016. JAT Holdings announced that it has been named Sri Lanka’s Best Employer Brand, an award conferred by the Employer Branding Institute, World HRD Congress & Stars of the Industry Group, with CHRO Asia as a strategic partner, and endorsed by the Asian Confederation of Businesses. The Sri […]
Budget 2017 will bring change to Sri Lanka: Ravi K
Nov 08, 2016 (LBO) – Sri Lanka’s Budget 2017 will reduce cost of living and strengthen investments, the Finance Minister said. “Steps have been taken in the forthcoming budget to reduce cost of living while measures have been taken to strengthen investment in the country,” Ravi Karunanayake, Finance minister said following meetings with two former […]
‘s chances
SINGAPORE, Nov 8 (Reuters) – Asian shares rose in early Asian trade on Tuesday ahead of the U.S. presidential election, with investor sentiment buoyed by improving prospects for Democrat Hillary Clinton to win. The Mexican peso, which has moved in opposite step to perceived chances of Republican Donald Trump winning the election, retained its strong […]
Sri Lanka tourist arrivals up 14-pct in October 2016, India, China lead
Nov 07, 2016 (LBO) – Tourist arrivals to Sri Lanka were up by 13.7 percent in October 2016 from a year ago with Indian and Chinese markets growing in double digits, data from the state tourism office showed. Arrivals were up 13.7 percent to 150,419 visitors in October 2016 from 2015’s 132,280 visitors. India recorded […]
Gemfields PLC announces preferred suppliers for supply chain
Nov 07, 2016 (LBO) – Ratnapura Lanka Gemstones, a subsidiary of Gemfields plc, has announced the shortlisting of preferred suppliers following the call for expressions of interest from licensed mining companies and registered gem dealers in Sri Lanka. “Through working with these preferred partners, Gemfields intends to establish a supply chain which would help grow […]