Category:
Use technologies already have before aiming for Blockchain: CDO of MAS Holdings
Sept 13, 2018 (LBO) – Sri Lankan companies should use technologies that are already available in the Mainstream before aiming for technologies like blockchain, Chief Digital Officer of MAS Holdings said.Speaking at the Economic Summit 2018 about transforming into the digital economy, CDO of MAS Holdings, Jehan Mutaliph told the gathering not to get caught […]
China plans high speed train to India via Bangladesh and Myanmar
Sept 13, 2018 (LBO) – Chinese Consul General in Kolkata Ma Zhanwu has revealed that his country was proposing a 2,800 km long high-speed rail link between China’s Kunming and India’s Kolkata via Myanmar and Bangladesh.According to Indian media reports, the rail route was aimed at boosting trade flow in the Bangladesh-China-India-Myanmar (BCIM) corridor. “With […]
Balancing China and India partnerships and diversifying exports key for Sri Lanka
Sept 13, 2018 (LBO) – Sri Lanka needs to balance geopolitical partnerships while also managing several other key aspects of its economy like structural weaknesses, limited export performance, constrained public finances and regulatory barriers to investment, Arun Kumar, chairman and chief executive of KPMG India said. So what are the aspects that to be considered?, […]
Janashakthi PLC acquires 31-pct stake in Dunamis Capital
Sept 13, 2018 (LBO) – Janashakthi PLC acquired 31.14 percent in Dunamis Capital PLC, Dunamis Capital said in a stock exchange filing. Accordingly, a total of 38,294,562 ordinary shares in Dunamis Capital has been purchased at a price of 36.60 rupees per share. Janashakthi PLC now owns a total of 50,595,736 shares in Dunamis representing […]
Sri Lanka Economic Summit 2018 – LIVE Stream
Check the LIVE Stream of key sessions provided by Economy.lk on Youtube here.
Sri Lanka Economic Summit 2018 kicks off today
Sept 13, 2018 (LBO) – Sri Lanka Economic Summit 2018 is being inaugurated this morning at Cinnamon Grand Colombo. The two-day event, which is Sri Lanka’s foremost economic summit and organized by the Ceylon Chamber of Commerce for the 18th consecutive year, will be held on the theme of ‘On the Fast Track to a […]
Interview : Hassan Esufally, first Sri Lankan to complete the ‘Inca Trail Marathon’
Sept 13, 2018 (LBO) – Sri Lankan marathoner, Hassan Esufally on a mission to earn the prestigious 7 Continents Marathon Club Membership, recently ran his first-ever marathon in South America, a gruelling 42km trail across the southern Peruvian Andes. On his challenging journey towards becoming a 7 Continents Marathon Club Member, Hassan has now completed […]
Sri Lanka industrial index up 1.1-pct in July 2018
Sept 13, 2018 (LBO) – Sri Lanka’s industrial production index grew by 1.1 percent to 105.9 from an year ago, data from the Census and Statistics Department shows.The Index of Industrial Production recorded a value of 104.8 in 2017 July. Food production grew 0.1 percent in July to 103.6 index points from a year earlier.Apparel […]
Central Bank 2018 Economic and Social Statistics of Sri Lanka available online
September 12, 2018 (LBO) – The Central bank has released its annual publication on economic and social statistics for 2018.The comprehensive volume is a key resource for anyone doing analysis on the Sri Lankan economy. “This publication contains economic and social indicators of Sri Lanka in the areas of national accounts, agriculture, industry, external trade and finance, […]
Mobitel designs mission critical secure communication network for SAGT
Mobitel, the National Mobile Service Provider was selected by the South Asia Gateway Terminals (Pvt) Ltd (SAGT), a leading container terminal operator in Sri Lanka, as its trusted provider of mission critical communications. This collaboration is even more significant for Mobitel, because this is the first-ever mission critical secure communication network implemented in Sri Lanka, […]
Cabinet approves USD50mn ADB loan to boost rooftop solar power generation
Sept 12, 2018 (LBO) – Sri Lanka’s cabinet nod has been received to obtain 50 million US dollars worth ADB loan to help fund rooftop solar power generation systems in Sri Lanka.The project will finance rooftop solar power subprojects equivalent to an additional capacity of 50 megawatts while building capacity and awareness of relevant authorities, […]
Sri Lanka to be promoted as year round destination with ‘Island Escapes’ campaign
Sept 12, 2018 (LBO) – ‘Island Escapes’, a marketing campaign to promote Sri Lanka as a year-round destination to boost arrivals during off season will be launched later this week, the Tourism Minister said. “The official launch of the campaign will take place on 15 September and will be targeting specific countries,” Minister of Tourism […]