Author: lbostgadmin
‘s Expolanka Freight extends global footprint with new office in Malaysia
Aug 30, 2018 (LBO) – EFL (Expolanka Freight) a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas operations in the regional hub of Malaysia. The company is taking over an existing operation managed by its parent company SG Holdings Global and will officially open for business in Kuala Lampur on 1 September 2018. […]
Singapore listed Hotel Properties buys Tangalla Bay Hotels for Rs385mn
Aug 30, 2018 (LBO) – Singapore listed hotelier, Hotel Properties Limited (HPL) through an associate company has acquired 94.71 percent stake in Tangalla Bay Hotels in Sri Lanka for 385 million rupees. West Asia Investments Pte Ltd, a newly incorporated associated company of HPL Properties (West Asia) Pte Ltd, which is, in turn, a wholly […]
USS Anchorage conducts exercise at sea with Sri Lankan Navy
The USS Anchorage joined the Sri Lankan naval ship Suranimila to conduct an exercise at sea on August 28. The exercise allowed the ships to improve each crews’ knowledge and strengthen a wide variety of seamanship skills critical to operating throughout a free and open Indo-Pacific region. During the exercise, multiple ships sailed in formation […]
UN expert to report Sri Lanka’s debt & its impact on human rights to UNHRC
Aug 30, 2018 (LBO) – United Nations Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, will conduct an official visit to Sri Lanka from 3 to 11 September, at the invitation of the Government. “My visit aims at collecting first-hand information and examine questions related to debt and other financial obligations from […]
Opinion: Pulling back the curtain on privatization of Sri Lanka’s plantation sector
Dr. Romesh Bandaranaike shares his unique perspective of Sri Lanka’s plantations With the fate of Sri Lanka’s plantation industry continuing to remain as a hot-button issue of debate in the media, numerous views have been aired on the rationale behind the privatization of state plantations in 1992. In order to clarify the facts regarding privatization […]
US hands over a cutter to Sri Lanka making it the largest in SL Navy fleet
Aug 29, 2018 (LBO) – United States Coast Guard on Monday handed over a high endurance cutter, formerly the USCGC Sherman, to the Sri Lankan Navy in a ceremony.The ceremony presided over by Vice Admiral Sirimevan Ranasinghe, Commander of the Sri Lankan Navy, and Rear Admiral Michael Haycock of the US Coast Guard.The cutter, a […]
SriLankan Airlines increases capacity between Colombo and Singapore
Aug 29, 2018 (LBO) – SriLankan Airlines said it is expanding the capacity on the Colombo-Singapore-Colombo route with the introduction of wide-bodied Airbus A330 aircraft that are equipped with the latest in-flight entertainment systems, luxurious seating and onboard cuisine. Effective 29th October 2018, SriLankan Airlines will increase frequencies to 21 flights per week from the […]
‘s Santani Resort named in Time magazines 100 ‘World’s Greatest Places’
Aug 29, 2018 (LBO) – Sri Lanka’s Santani Resort, has been named in the Time magazines 100 ‘World’s Greatest Places’. “We have received unprecedented international recognition since opening the hotel a year and a half ago, but to be featured on “World’s Greatest” list by TIME is really a great honour,” Vickum Nawagamuwage, Founder/Chief Executive, Santani said. […]
Cotton Collection divests to Softlogic Group
Aug 29, 2018 (LBO) – Sri Lankan fashion retailer, Cotton Collection Ltd. yesterday announced in a statement it has divested for an undisclosed amount its shares to ODEL Plc, a subsidiary of Softlogic Holdings Plc. Niloufer Esufally Anverally, the founder and creator of the all-Sri Lankan brand Cotton Collection, maintains ownership of her alternate brand […]
Sri Lanka to receive BIMSTEC Chairmanship; President to lead Sri Lanka delegation
Aug 28, 2018 (LBO) – President Maithripala Sirisena will lead the Sri Lanka Delegation to the 4th Summit of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), which will be held from 30-31 August 2018 in Kathmandu. Ministry of Foreign Affairs said at the conclusion of the Summit, the Chairmanship of BIMSTEC […]
Ashok Pathirage buying controversial NDB shares after 1 year hiatus
August 28, 2018 (LBO) – Softlogic Chairman and CEO Ashok Pathirage has started buying NDB shares in the open market according to a Colombo Stock Exchange disclosure. His last purchases of stock in the bank were approximately one year ago at significantly higher prices. These new purchases amount to a few million rupees worth of […]
Japanese State Minister for Foreign Affairs to visit Sri Lanka, Pakistan this week
Aug 28, 2018 (LBO) – State Minister for Foreign Affairs of Japan, Kazuyuki Nakane will visit Sri Lanka and Pakistan this week, few days after Japanese Defense Minister visited Sri Lanka. The recent visit by Japanese Defense Minister Itsunori Onodera to India and Sri Lanka showed the increasing focus on these countries on the part […]