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Sri Lanka’s unemployment at 4.3-pct in 4Q 2015
Mar 31, 2016 (LBO) – Sri Lanka’s statistics office said unemployment rate for the fourth quarter of 2015 has been estimated as 4.3 percent against the 5.0 percent reported for the third quarter of 2015. Releasing Sri Lanka’s Labour Force Survey results for the last quarter of 2015, Census and Statistics Department said estimated economically […]
Sri Lanka’s SAGT bags 4th place in world terminal productivity rankings
Mar 31, 2016 (LBO) – Sri Lanka’s first private container terminal operator South Asia Gateway Terminals has been ranked as the 4th in the world for Terminal Productivity and number 1 in South Asia by the Journal of Commerce, USA. The Ports Authority said SAGT’s berth productivity performance of 113 container moves per hour and an […]
Govt. to obtain services of retired Tri forces officers for public institutions
Mar 31, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Defence Ministry to maintain a database of retired Tri forces officers in order to obtain their service where necessary to public institutions on contractual basis. The decision has also been endorsed by the cabinet as a solution to the lack of technically […]
Chatbots and artificial intelligence is our future, says Microsoft CEO
March 31, 2016 (LBO) – The worlds future will be chatbots, machine learning and artificial intelligence, Microsoft Chief Executive, Satya Nadella said kicking off the company’s Build developers conference. “Bots are the new apps,” Nadella was quoted as saying on USA Today during keynote address at the Microsoft BUILD developers conference in San Francisco. People-to-people conversations, people-to-digital assistants, […]
Swiss Institute of Hospitality and Banking to open in Sri Lanka
The Swiss Institute of Hospitality & Banking will commence operations in May 2016 in Sri Lanka. It is the kick-off phase for a major business venture spanning a training institution, a hotel property, a school campus, and a marina with a marine park. It is founded by BaSSAG AG and partnered by Swiss certifying and […]
Microimage takes HR into a Digital Era at HCM 2016
Mar 31, 2016 (LBO) – “Disrupt or be disrupted” was the key message delivered by Harsha Purasinghe at a Microimage HCM event, held on Wednesday. He urged his audience of industry CEOs and HR Managers to face challenges that are changing the way businesses must operate, at which point he unveiled the groundbreaking Microimage HCM […]
PTL Watch: Sri Lanka bond yields drop further after auction
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Foxconn buys controlling stake in Sharp Corporation
Mar 31, 2016 (LBO) – Foxconn Technology Group, a Taiwanese multinational electronics manufacturing company, yesterday acquired a controlling stake in Japanese multinational Sharp Corporation. The 389 billion yen (3.4 billion dollar) deal will give Foxconn Group a 66 percent stake in Sharp and this will be the largest acquisition by a foreign company in Japan’s […]
Sri Lanka technology pioneers to speak at “LBR LBO Enterprise Summit 2016”
Mar 31, 2016 (LBO) – Despite being a developing country, Sri Lanka has created a number of technology leaders and innovators of international repute. When we consider that basic infrastructure is lacking in some parts of the island, this is a contradiction. And yet, Sri Lankans are familiar with this contradiction. Pioneers such as Kris […]