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Sri Lanka’s Singer Finance to raise Rs1.5bn in listed debt
Mar 28, 2016 (LBO) – Singer Finance, a fully owned subsidiary of Singer said it is planning to raise as much as 1.5 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange. The finance company said in a stock exchange filing that it wanted to sell 10 million debentures […]
Airport to expand capacity with Terminal 2: JICA
Mar 28, 2016 (LBO) – A concessionary loan agreement for JPY 45,428 million (56 billion rupees) was signed last week between the Airport and Aviation Services Limited and Japan International Cooperation Agency (JICA) for the construction of a new multi-level terminal building (Terminal 2), a statement said. After completion of the project in 2020, the […]
Annual fire suppression drill rehearsal at Central Bank on Thursday
Arrangements have been made to conduct the Annual Fire Suppression Drill Rehearsal for the employees of the Central Bank on Thursday, 31 March, 2016 at 10.00 a.m. with the assistance of the Fire Brigade and the Sri Lanka Air Force at the CBSL Headquarters Building, Colombo 01, the CBSL said.
Brandix marks World Water Day 2016 with ‘Diya Siththam’
A novel initiative to inspire children to give expression to their views on water conservation and management through art has resulted in the Brandix Group engaging with 37 schools in Sri Lanka to commemorate World Water Day 2016. The ‘Diya Siththam’ (Water Frescoes) programme conducted by the Bindu Foundation, the Corporate Social Responsibility division of […]
Huawei launch experience store in Sri Lanka
March 28, 2016 (LBO) – Huawei, launched a new Experience Store at Majestic City, Colombo allowing its customers a more personal experience when purchasing their smartphone and accessories. “We remain committed to Sri Lanka, and the opening of the Huawei Experience Store in Colombo exemplifies our focus to offer the best quality service and accessibility to […]
Upcoming LBR LBO Enterprise Summit to Focus on Building Smarter Businesses with Smart Technologies
Mar 28, 2016 (LBO) – Sri Lanka’s leading local technology pioneers and innovators together with international speakers will take the stage at the 2016 edition of “LBR LBO Enterprise Summit” for the fourth consecutive year on 7th of April at Cinnamon Grand Hotel. Lanka Business Online, LBO, will be hosting the Enterprise Summit on the […]
Sanders wins three more states, eyes turn to New York
Mar 28, 2016 (LBO) – Bernie Sanders who won Democratic presidential primaries in Alaska, Washington and Hawaii over the weekend, said he maintained hope of chipping away at the lead of fellow democratic candidate Hillary Clinton, with eyes on the New York primary on April 19. “Momentum is with us,” Sanders said on CNN’S State […]
PayPal lists Sri Lanka for 2017; Stripe to enter: Harin Fernando
Mar 25, 2016 (LBO) – Popular worldwide online payments system PayPal has listed Sri Lanka for 2017, Minister of Telecommunications and Digital Infrastructure Harin Fernando said. “PayPal has listed us 2017, for them SL market is too small but we have convinced them and keeping a dialog, we have done our part,” Fernando said in […]
Sri Lankan launches Google Online Shopping Festival powered by wOw.lk
wOw.lk, Sri Lanka’s largest online shopping mall, and a subsidiary of Dialog Axiata PLC has partnered with Google to introduce another “first” for the ecommerce industry. Modelled on the highly successful online shopping festivals such as the Great Online Shopping Festival (GOSF) in India and Singapore, a new online shopping site www.megapola.lk will be launched […]
Sri Lanka to amend Companies Act
Mar 25, 2016 (LBO) – Sri Lanka’s cabinet has decided to amend the Companies Act No. 07 of 2007 following a proposal made by Industry and Commerce Minister Rishad Bathiudeen. The Advisory Commission appointed to advise the Industry and Commerce Minister and the Auditor General has identified several amendments that should be done. The Companies […]