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 […]

Lackadaisical trend in Sri Lanka vehicle registrations in Feb: JB Sec.

Mar 25, 2016 (LBO) – The lackadaisical trend from January has continued into February with the 70 percent LTV rule, significant increases in tariffs, continuing weakness in the rupee, surprising strength in the Yen and rising interest rates have retarded volumes, JB Securities said in a research note. Vehicle registrations February 2016 Motor car registrations […]

Lamudi explores rise of apartments in Colombo

Apartments have gained a high demand and are known to be one of the fast selling types of Real Estate. Notable projects have been carried out by various developers which have earned them a high rank in the real estate market. Lamudi explores how the rise of apartments have made an impact on the real […]

US Navy warship to call Colombo port on weekend

The U.S. 7th Fleet flagship USS Blue Ridge (LCC 19) will arrive in Colombo for a port call March 26, the first visit by a U.S. Navy ship since October 2011. The visit builds upon last month’s Partnership Dialogue in Washington D.C., where both nations pledged to strengthen maritime security cooperation efforts in the Indian […]

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