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Sri Lanka, main destination for used cars from Japan
Jan 25, 2016 (LBO) – Sri Lanka has set a record as the number one destination for used car exports from Japan in terms of value last year, JB Securities said in a research note. “The main reason for the heightened demand for this category of vehicles was aggressive credit extension from commercial banks,” JB […]
Proposals to be called for Hambantota Port Industrial Zone
Jan 25, 2015 (LBO) – Sri Lanka’s government plans to call for proposals to set up industries in the Hambantota Port’s Industrial Zone under the Hambantota Port Development Project, the Information Department said. Sri Lanka Ports Authority has prepared the business plan in order to identify the business ventures that could be undertaken under the […]
PTL Watch: Little movement, awaits four bond auctions
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Ceylon Chamber to compile SME registry
The Ceylon Chamber of Commerce, the country’s premier business Chamber has started to collect data from Small and Medium Businesses spread across the country in order to compile a new SME Registry. The main objective of the new Registry is to help SMEs find potential business partners to further enhance their business activities. The ‘SME […]
Laugfs launches virtual shopping site in Sri Lanka
Jan 25, 2016 (LBO) – Sri Lanka’s Lfinity Pvt Limited, a subsidiary of Laughfs Holdings, announced the launch of a virtual hyper mall, ‘clickNshop.lk’, a statement said. This is the latest e-commerce site for Sri Lankan shoppers and offers a selection of over 2,000 products and services for everyday needs and guaranteed 2-3 day island-wide […]
HRW reacts to President’s statement on foreign Judges
Jan 25, 2016 (LBO) – Human Rights Watch has urged the Sri Lankan government to fulfill its commitments to the UN Human Rights Council by allowing foreign judges and prosecutors that are crucial to prosecuting wartime abuses. Issuing a statement today, the organization said foreign judges and prosecutors play a significant role in the mandated […]
Commercial Bank joins Bank Muscat Oman for instant money transfers
Instant, real-time fund transfers between Oman and Sri Lanka have become possible as a result of a tie-up between the Commercial Bank of Ceylon and Bank Muscat, the leading financial services provider in the Sultanate. Commercial Bank is the first Sri Lankan bank to link with Bank Muscat for this purpose. Account holders of Bank […]
Top interior design trends for 2016
Lamudi has announced the top trending interior designs for 2016, paying homage to the fading stars of this year. According to the Lamudi trend forecast report, industry professionals can expect more artisan goods, and a further emphasis on sustainable materials, while mix metallics and metals will be embraced. “It’s time to say goodnight to calming […]
Sri Lanka motor car registrations drop to 7,177 in Dec: JB
Jan 25, 2015 (LBO) – Sri Lanka’s vehicle registration momentum came down in Dec with the reinstatement of the LTV rule and higher incidence of duty on vehicles, JB Securities said in a research note. Total motor car registrations recorded 7,177 units in Dec down from 10,084 units in Nov but significantly up from 4,311 […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Professor P K S Mahanama
Colombo has a high potential to become a global city. The geographic location and close proximity to maritime sea routes are strategic advantages. Its geo-location is an exploitable asset in the global economy. However, it is not only the access to “Silk Road” that global cities compete with each other now, but for capital, talent […]