All Blogs
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 24, 2018 (LBO) – As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs.30 and Rs.20 per litre respectively when compared with the last price increase on October 10, 2018. Therefore the Government stresses that the bus fares and the charges in […]
DIMO Agribusinesses partners Plantchem and Plantseeds to boost local agriculture
(PRESS RELEASE) – DIMO Agribusinesses, the agriculture arm of Diesel & Motor Engineering PLC (DIMO), recently entered into partnership with Plantchem (Pvt) Limited and Plantseeds (Pvt) Limited to expand its footprint in the Agriculture business. The new partnership will enable DIMO Agribusinesses to expand its product portfolio in crop care solutions, seeds and other agriculture […]
Huawei Unveils First AI-Powered Smartphone car
Feb 26, 2018 (LBO) – Huawei, has become the first mobile device manufacturer in the world to use an AI-powered smartphone to drive a car.The ‘RoadReader’ project pushes the boundaries of Huawei’s object recognition technology and puts the learning capabilities, speed and performance of its AI-powered devices to the test.Unlike other driverless cars, which simply detect […]
President congratulates new cabinet; changes to UPFA side soon
Feb 25, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena after the much awaited mini cabinet reshuffle, congratulated the newly appointed Cabinet, State and Deputy Ministers. He said these changes as well as those soon to be made on the UPFA side of the government will strengthen the government to better serve the people. UPFA […]
Elon Musk starts SpaceX mission to provide broadband from satellites
Feb 23, 2018 (LBO) – SpaceX made history yet again with the successful deployment of first two Starlink global internet demo satellites to orbit, opening a new generation of satellite technologies that will provide broadband services.Starlink is a satellite constellation development project underway by SpaceX. On Thursday, Falcon 9 launched the two demo satellites called […]
Twitter bans attempts to artificially inflate fame of popular hashtags
Feb 23, 2018 (LBO) – Twitter has released an update on the existing rules prohibiting the attempts to artificially inflate the prominence of popular hashtags.A hashtag written with a # symbol is usually used to index keywords or topics on Twitter allowing people to easily follow topics they are interested in. In a blog post, […]
Sri Lanka’s external sector improve, BOP record surplus : CB
Feb 23, 2018 (LBO) – Sri Lanka’s external sector performance continued to improve in the month of December 2017, mainly with higher inflows to the Financial Account of the Balance of Payments (BOP), the Central Bank said in its latest report. . Although earnings from exports increased at a higher rate, the increase in import expenditure resulted […]
Nestlé delivers Rs37.6bn sales in 2017 amidst challenging market conditions
Continues to invest in Sri Lanka with new products and capacity expansion Revenue of Rs. 37.6 billion for the full year 2017 (up 3.1%) Revenue of Rs. 10 billion in Q4 (up 15.6%) Net profit of Rs. 3.6 billion for the full year and Rs. 1.2 billion for the quarter Severe […]
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) – Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka’s life insurance industry for the 14th successive year, with premium income of Rs 15.7 billion. The company posted profit before tax of Rs 6.3 billion reflecting a remarkable70 […]
Sri Lanka up 4 notches to 91 on Corruption index
Feb 23, 2018 (LBO) – Sri Lanka has moved up four places to 91st from 95th, in the Corruption Perceptions Index (CPI) 2017 released by Transparency International with the island failing to show significant improvement. The index ranks 180 countries and territories by their perceived levels of public sector corruption. This year, New Zealand and Denmark rank highest […]