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OBG Sri Lanka report:Looks at steps being taken to encourage innovation and boost export earnings to USD20Bn in 2019
Mar 27, 2019 (LBO) – A new report from research and consultancy firm Oxford Business Group (OBG) shines a spotlight on Sri Lanka’s wide-ranging plan to achieve upper-middle-income status. The Report: Sri Lanka 2019 looks in detail at the steps being taken to encourage innovation across the manufacturing industry as part of the national strategy to […]
‘s Oceanpick first in South Asia to earn certification for offshore farming
Mar 27, 2019 (LBO) – Oceanpick (Pvt) Ltd., has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia -and only the 34th country in the world- with a BAP-certified facility. Oceanpick is South Asia’s first ever commercial-scale offshore oceanic farm for finfish, and is currently the only offshore […]
Small Northern Businesses Struggle for Funding
By Jekhan Aruliah There is an old joke: “The fastest way to become a millionaire is to be a billionaire and buy an airline”. The airline will lose money so fast the billionaire will see his fortune quickly destroyed. We need look no further than our own Sri Lankan national carrier’s capacity to lose money to […]
SLTDA promises to issue renewal licenses in one day
Mar 26, 2019 (LBO) – The Sri Lanka Tourism Development Authority (SLTDA) is now fully geared to issue renewals for accommodation and service providers in one day when the relevant documents for each category are submitted.By next week, SLTDA will publish press advertisements in all 3 languages to create awareness among all stakeholders on what […]
‘s Chengdu delegation meets BOI Chairman, Eyes steel plant in Hambantota
mar 26, 2019 (LBO) – A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the Board Of Investment and expressed interest in setting up a steel project in Hambantota. The aim of the visit is to promote Sri Lanka and particularly projects in Hambantota. The delegation who met with the Chairman […]
Opening of a counter to issue coins to general public
Mar 26, 2019 (LBO) – The Central Bank of Sri Lanka will open a counter at the ground floor of the Central Bank head office building, No.30, Janadhipathi Mawatha, Colombo 01 on 27 March 2019, to issue coins to the general public. This counter will be opened for the public from 9.00 a.m. to 11.00 […]
‘s Hambantota
Mar 25, 2019 (LBO) – Inaugurating the construction work of the US 3.85 billion dollar oil refinery project and the cement manufacturing plant in Hambantota, Prime Minister Ranil Wickremesinghe said the projects will create thousands of job opportunities in the area and surrounding districts. “These two projects are two mega investment projects that could be considered […]
Ceylon Chamber of Commerce celebrating 180 years serving the business community
Mar 25, 2019 (LBO) – The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1893, for the purpose of best promoting the interests of commerce. This was among the very first group of chambers established in Asia.The Chamber has grown from having 26 memberships at its initial stages, to just over 600 today […]
Australia and Sri Lanka deepen cooperation on Indian Ocean maritime security
Mar 25, 2019 (LBO) – Australia and Sri Lanka’s cooperation on shared maritime security interests in the Indian Ocean is set to rise to a new level with Indo Pacific Endeavour 2019 (IPE19), which will see the visit to Sri Lanka of an Australian Joint Task Group comprised of Navy, Army and Air Force assets. Acting […]
Mr. Bean Saves Democracy!
March 24, 2019 (LBO) – Sri Lanka’s Prime Minister, Hon.Ranil Wickremesinghe, turns 70 years old today.The PM, one of the most prominent figures in Sri Lankan political history, turns age 70 at the apex of his political career.He reaches this important milestone just months away from an election that will determine if he will lead […]