Author: lbostgadmin
President calls for proposals to solve problems in construction field
Apr 11, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena advised the Secretary for Ministry of Skills Development and Vocational Training to prepare a proposal for finding solutions to fill the shortage of workmen in construction field.The President further advised to form a special committee jointly headed by the Secretaries of Ministry of Skills Development […]
‘s Port City ready for investors
Apr 11, 2018 (LBO) – CHEC Port City Colombo (Pvt) Ltd., presented the Development Control Regulations (DCR) for the Colombo Port City project.to the authorities, Tuesday. “This is a signal for the marketing team to sell it as real estate,” Minister of Megapolis and Western Province Development Champika Ranawaka said at the presentation ceremony in Colombo. […]
Sri Lanka launches guide to manage public enterprises
Official Launch of “Handbook on Good Governance for Chairmen and Boards of Directors of Public Enterprises” Speaker’s speech. 10th April 2018 – Auditorium of CA Sri Lanka, Malalasekara Mw, Colombo 07. I am pleased to be here with you on the occasion of launching of the Handbook on Good Governance for Chairmen and Board of Directors of Public Enterprises. […]
EU to turn on new law amidst Facebook, YouTube criticized for data misuse
Apr 10, 2018 (LBO) – European Union’s wide data protection instrument, the General Data Protection Regulation (GDPR) will become directly applicable on 25 May 2018, two years after its adoption and entry into force. On 6 April 2016, the EU agreed to a major reform of its data protection framework, by adopting the data protection […]
Shop with FriMi at Keells outlets island-wide
FriMi, the innovative payment platform recently added KeellsSuper to its growing list of partner merchants. FriM iusers can now enjoy a revolutionary shopping experience at KeellsSuper island-wide and enjoy exclusive FriMi offers when they shop. Elaborating on the ease of using FriMi for everyday transactions FriMi Digital Bank(Nazeem Mohamed – Head of FriMi Digital Bank) stated;“Our […]
Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min
Apr 10, 2018 (LBO) – Sri Lanka’s government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI) in 2018, and to double it to US 5 billion by 2020, a statement said. In 2017 the the highest FDI inflows came from China, followed by Hong Kong, India and Singapore, the […]
Sri Lanka to despatch its largest ever trade delegation to London
This year Sri Lanka will despatch its largest ever business and trade delegation targeting the Commonwealth. Sri Lanka is also scheduled to unveil its new country branding & slogan for its ICT sector in London next week. “Sri Lanka is one of the Strategic Partner Countries of 2018 CBF. Therefore the Department of Commerce under […]
For the first time in Sri Lanka, eZ Cash launches ‘Top-up’ via bank accounts
Sri Lanka’s first and largest Mobile Money and Payment Service, eZ Cash, announced the launch of a new feature that enables customers to top-up their eZ Cash wallets via bank accounts on its cutting edge eZ Cash app. The Bank top up feature supplements the recently introduced QR Scan and pay option which enables smart […]
Sri Lanka’s debt burden is higher than Ethiopia, Uganda & Ghana
Apr 09, 2018 (LBO) – Sri Lanka’s government revenue as a share of GDP is lower than many peers, while the government debt-to-GDP ratio is much higher, Moody’s Investors Service said in a statement.Debt-to-GDP ratio in Ethiopia, Uganda and Ghana among other countries is lower than Sri Lanka even though revenue-to-GDP ratio in these countries […]
Sri Lanka trade deficit expands over USD1bn in January; imports USD2bn
Apr 09, 2018 (LBO) – Sri Lanka’s trade deficit has expanded in January surpassing 1 billion US dollars for the second consecutive month due to significant level of imports offsetting the increase in export earnings. While earnings from merchandise exports increased, expenditure on imports also increased significantly outweighing the performance in export earnings during the […]
Advantis handles logistics for Sri Lanka’s 1st 10MW Biomass power plant
Continuing to support the nation’s power and energy sector, Advantis Projects announced that it had been appointed as the logistics solutions provider for COSCO Shipping Project Logistics Co., LTD who secured the total transportation of the country’s first 10MW biomass power plant project, being commissioned in Kalawaaragama, Moneragala by Green Watts (Pvt) Ltd. Advantis Projects […]
Visa celebrates 30 years of digital payments in Sri Lanka
Visa, the global leader in digital payments technology, today completed 30 years of operations in Sri Lanka since commencing operations in 1988. Continuing its pioneering efforts to build awareness for digital payments in Sri Lanka, Visa celebrated the milestone by announcing initiatives to promote digital access, and digital and financial literacy across rural communities through […]