Author: lbostgadmin
Sri Lanka opts for LNG plant over coal in Sampur: Petroleum Minister
COLOMBO (Reuters) – Sri Lanka will cancel plans for a 500 megawatt Indian-built coal-fired power plant at its strategic eastern port city of Trincomalee and will instead opt for a liquefied natural gas (LNG) power plant, a cabinet minister said late on Tuesday. Chandima Weerakkody, Sri Lanka’s petroleum minister, said President Maithripala Sirisena told Indian […]
SriLankan Airlines unveils oneworld priority signage at Colombo and Male Airports
SriLankan Airlines has unveiled oneworld priority signage at its Colombo hub, Bandaranaike International Airport and Male, its extended home market. The new signage aims to provide the alliance’s top tier, frequent flyers a comprehensive and clear idea on the alliance’s benefits throughout the travel process – check-in, airport fast tracks, lounges and boarding.The oneworld priority […]
Ravi K says Japan agrees USD2.5bn development loan to Sri Lanka
May 19, 2016 (LBO) – Finance Minister Ravi Karunanayake told Parliament Thursday that Japan has agreed to provide about 2.5 billion US dollars worth development policy loan to Sri Lanka. This has been revealed yesterday when Japanese Prime Minister Shinzo Abe’s Special Representative Hiroto Izumi called on Prime Minster Ranil Wickremesinghe, Finance Minister said.“Mr. Izumi also […]
National Telecommunications Museum declared open
Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country inaugurated a novel national telecommunication museum at the company’s premises in Padukka on 17th May, to coincide with the World Telecommunication and Information Society Day. The museum will showcase telecommunications equipment dating back from the British era up to today, taking the visitors […]
”s war heroes behind bars: President
May 19, 2016 (LBO) – President Maithripala Sirisena says people who put war heroes in jail are now making allegations that the government is getting ready to hunt war heroes. The President was speaking at the national ceremony to commemorate war heroes, held yesterday at the War Hero Monument in the Parliament premises in Battaramulla. […]
More rain in Sri Lanka likely, depression turns to storm: Met Dept
May 19, 2016 (LBO) – Sri Lanka’s Met Department says the deep depression in the Bay of Bengal has intensified into a cyclonic storm ‘ROANU’ which is moving away from the island. Nevertheless, an increase of rainfall in parts of the island is likely. “There is a high possibility to sudden increase of rain in […]
SriLankan Aviation College takes airline training to Jaffna, Batticaloa, Galle and Kurunegala
The SriLankan Aviation College has appointed Nawaloka Air Services as its franchise partner to expand airline training to four provinces, providing invaluable opportunities for young Sri Lankans in the Northern, Southern, Eastern and Northwestern Provinces to embark upon rewarding careers in the global air transport and hospitality industries. The franchise agreement was signed on 5th […]
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) – Sri Lanka’s TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue recorded was 17.8 billion rupees, a 30 percent increase. “The boost in profits can be directly attributed to the synergy from acquisitions,stringent cost control initiatives,cutting edge Innovations, and […]
London Stock Exchange shifts shared services to Sri Lanka; hiring staff
May 19, 2016 (LBO) – International markets infrastructure provider London Stock Exchange Group will hire up to 400 highly skilled Sri Lankans as it has decided to shift part of its technology and business functions here. The new company to be formed under the name of London Stock Exchange Business Services Colombo limited is currently […]
Japan grants Rs2.2bn to establish research facility for Jaffna University
The Government of Japan grants 1,667 million Japanese Yen (approximately Rs. 2.2 billion) to the Government of Sri Lanka for the Establishment of a Research and Training Complex at the Faculty of Agriculture, University of Jaffna in Kilinochchi District of the Northern Province. The objective of this project is to provide effective and efficient research […]
International Waters Conference Concludes in Sri Lanka
The 8th Global Environment Facility Biennial International Waters Conference (IWC) concluded last week with a high level segment by Mr. Karunasena Hettiarachchi, Secretary to the Ministry of Defence, Sri Lanka and Dr. Naoko Ishii, CEO and Chairperson, Global Environment Facility (GEF) followed by a closing plenary. The week-long conference themed ‘Scaling Up Investments from Source to […]