Author: lbostgadmin
Election law violations in Sri Lanka cross 900 incidents; Western Province leads: PAFFREL
Aug 10, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL says the organization has received 915 complaints in relation to 972 electoral and general law violations by yesterday afternoon.Among them, 114 are related to acts of violence and 132 incidents of electoral or general law violations. As per the PAFFREL statistical report of election law […]
Sri Lanka’s PM says 2.5mn Freehold lands to come into market
Aug 10, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said, the government will provide freehold land titles for those who have enjoyed occupation of land under different government schemes since 1931. “We want to encourage small ownership, a strong middle class and this is why we will be giving full hold to the […]
Colombo Fashion Week SWIM 2016 kicked off
Aug 09, 2015 (LBO) – Sri Lanka’s Colombo Fashion Week swim 2016 kicked off in August as its third annual season, in line with its objective of uplifting Sri Lanka’s fashion design industry. Swim, as a season of its own, focuses on swimwear as a specialized category, which has shown immense growth potential as an […]
Sri Lanka to export bananas to China
Aug 09, 2015 (LBO) – Sri Lanka’s agricultural ministry is to sign an agreement with China to supervise quality in bananas that will be exported to China, Government Spokesman Rajitha Senaratne said.The agreement on phytosanitary requirements for banana exports will be signed between China’s General Administration of Quality Supervision, Inspection and Quarantine and the Quarantine […]
Sri Lanka’s Dialog Axiata net up 15–pct in June quarter
Aug 07, 2015 (LBO) – Sri Lanka’s Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits rose 15 percent to 1.90 billion rupees in June quarter from a year earlier. The group reported earnings of 23 cents per share for the quarter against 20 cents recorded a year ago.In […]
Sri Lanka stocks close lower 0.09-pct
Aug 07, 2015 (LBO) – Sri Lanka’s stocks closed lower 0.09 percent on Friday, with losses seen in some index heavy stocks and investors taking profits, brokers said. The Colombo benchmark All Share Price Index closed 6.64 points lower at 7,370.60 down 0.09 percent. The S&P SL20 closed 5.36 points higher at 4,097.53 up 0.13 […]
India receives USD20bn FDI from 12 countries in 2014-15 including Sri Lanka
Aug 07, 2015 (LBO) – India has received 19.78 billion US dollars worth foreign direct investment from 12 countries visited by Prime Minister Narendra Modi. Indian Commerce and Industry Minister Nirmala Sitharaman has informed Parliament that during the period, Indian companies have invested only 3.42 billion US dollars in these 12 countries. These countries include […]
Sri Lanka Ports Authority says vessel calling boosted by 12.7-pct in H1 2015 at Colombo Port
Aug 07, 2015 (LBO) – Sri Lanka Ports Authority says the Colombo port has continued to meet the challenges in the maritime sector successfully and two new main shipping lines started using the Port this year. During the first six month of this year the number of vessels calling at the port has increased by […]
Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline
Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with 231 million rupees in the same quarter last year, battered by declines in the tea sector.The firm reported earnings of 55 cents per share for the quarter, in […]
‘s Textured Jersey Lanka profits up 26-pct
Aug 07, 2015 (LBO) – Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said group profits rose 26 percent to 206 million rupees in the June 2015 period from a year earlier, interim report showed. Revenue rose 3 percent to 2,761million rupees in the same quarter from 2,678 million rupees a year earlier. […]
Sri Lankan businesses should use digital space more, online payment gateways are to come: ICTA Chief
Aug 07, 2015 (LBO) – Sri Lankan businesses need to use digital space more as internet-powered shopping across national borders has created “modern spice routes” for merchants who tap into the booming trend, ICTA Chief said. “Do we have borders in this space? No. We have no boarders. We are open,” Muhunthan Canagey, Chief Executive […]
SriLankan Aviation College partners with Mobitel for mLearning platform
(SriLankan Media Release) – National Carrier’s integrated training arm, SriLankan Aviation College, joined hands with the National Mobile Service Provider, Mobitel to introduce the electronic learning platform, mLearning for the education and training requirements of the college. mLearning allows simultaneous lecture delivery via several multimedia modes such as PowerPoint, Instant Messaging Word, Video, Audio and […]