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Sri Lanka’s first Permanent High Court at Bar ceremonially opens
Justice Minister Thalatha Athukorala on Tuesday ceremonially opened the Special Court established to expedite the cases that involve large-scale financial irregularities. This is Sri Lanka’s first Permanent High Court at Bar and the minister expects to establish another two for the same purpose.
New country branding for Sri Lanka Tourism to be unveiled in November
Aug 21, 2018 (LBO) – Sri Lanka Tourism’s the new country branding will be unveiled at the World Travel Mart (WTM) in London in November 2018. Ministry of Tourism Development said they are now in the process of selecting a global branding agency for this purpose. The full statement issued by the Minister of Tourism Development, John […]
” weak 1Q results reflect seasonality: Fitch Ratings
Aug 21, 2018 (LBO) – Fitch Ratings said the weakness in Sri Lanka-based diversified conglomerate Hemas Holdings first-quarter financial results is temporary and is mainly due to the cash flow seasonality of its new school stationary business.The agency expects Hemas’ performance to improve during the remainder of the fiscal year to end 31 March 2019 […]
Melstacorp to enter into health care industry in Sri Lanka
Aug 21, 2018 (LBO) – Melstacorp is to enter into the healthcare industry in Sri Lanka shortly through the subsidiaries incorporated to undertake such activities, the company said in a stock exchange filing. This would involve management of hospitals, operating diagnostics centers and involvement in related healthcare institutions as and when the opportunity arises. Diversified […]
eChannelling launches its digital services at District Hospitals in Sri Lanka
Aug 21, 2018 (LBO) – A Fully-owned subsidiary of Sri Lanka Telecom, e-Channelling PLC recently launched its service at Ampara General Hospital marking it as the first district Hospital in Sri Lanka to have the service. The company said the facility will be launched islandwide in the future as a national endeavor to revolutionize the healthcare […]
Office space demand and long term optimism for apartments to drive real-estate market
Aug 21, 2018 (LBO) – It is clear that Sri Lanka has enjoyed a sustained growth in the supply of high-end luxury apartments.By 2016 and when calculated the number of developments that have been approved or are currently under construction, then the number of units will top 14,000 by 2020, the 2018 Research Intelligence Unit […]
Sri Lanka looks forward to work closely with new Premier of Pakistan
Aug 20, 2018 (LBO) – Sri Lanka’s head of state, President Maithripala Sirisena says he is looking forward to working closely with the newly elected Prime Minister of Pakistan Imran Khan, to further develop the historic partnership. Sending a diplomatic note, President Maithripala Sirisena said that he is confident that new Premier’s tenure of office will help […]
Hirdaramani completes 1st stage of long-term Solar Panel Project
Celebrating 10 years since the opening of its flagship green facility Mihila, Asia’s first CarbonNeutral® Apparel factory, The Hirdaramani group this month is again paving the way with the installation of the largest Rooftop Solar installation in the Apparel Sector in Sri Lanka.The installations are part of the Suryadhanavi – meaning ‘generated from the sun’ […]
Sri Lanka to expand Electronic Document Attestation System to DS level
Aug 20, 2018 (LBO) – Sri Lanka is to expand Electronic Document Attestation System (e-DAS) of the Foreign Ministry to Divisional Secretariat level of the country. A Memorandum of Understanding was signed between the Ministries of Foreign and Home Affairs recently enabling the expansion of the system initially as a pilot project at 19 Divisional […]
Altair sponsors RCGC Open Golf tournament for 2ndsuccessive year
The best of Sri Lanka’s amateur and professional golfing talent will vie for the title of the country’s champion golfer when the 2018 edition of the RCGC Open tees off in partnership with Altair on 28th August. The tournament, taking place for only the second time in two decades, was revived last year after a […]
LAUGFS Gas Partners with Colombo City Centre as its exclusive LPG service provider
LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets. With the development of Sri Lanka’s first Board of Investment (BOI) approved mixed-use development project, LAUGFS Gas, the only private sector energy player in the local LPG market, recently announced a […]
Cochin International Airport closure extended until August 26
Aug 17, 2018 (LBO) – SriLankan Airlines said they introduced a series of measures to mitigate inconvenience to its passengers from the closure of Cochin International Airport due to flooding. On Thursday Cochin Airport authorities announced that they were extending the airport’s closure until 26th August. “SriLankan is offering passengers booked to travel from Cochin […]