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SriLankan reports revenue of Rs.126.9Bn in 2017/18
Apr 16, 2018 (LBO) – National carrier SriLankan Airlines has achieved a un-audited annual passenger revenue of 126.9 billion rupees (US Dollars 830.7 million) for its just ended financial year of 2017/18. “This is the highest ever in the Company’s 38-year history,” the Airline said in a statement. The revenue comes on the back of recent […]
Sri Lanka President to attend CHOGM in London and meet UK PM May
Apr 16, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena left for the United Kingdom, Sunday to attend the Commonwealth Heads of Government Meeting (CHOGM) to be held in London. The President will attend a series of meetings scheduled to be until April 20 including meetings with British Prime Minister Theresa May, Commonwealth Secretary General […]
‘s Norochcholai power plant shuts down temporarily
Apr 12, 2018 (LBO) – The unit one of Lakvijaya power station which is also known as the Norochcholai power station has been shut down following the release of harmful emissions from its smokestack. The provincial environmental authority of North Western province has asked the Norochcholai plant to be shut down from yesterday evening (11/4/18), an official […]
Govt. nod for three local companies for vehicle emission test certification
Apr 12, 2018 (LBO) – Sri Lanka’s government has given approval of the cabinet of ministers to award the contract for issuing Vehicle Emission Test Certificates to three local firms, a statement said. “In accordance with the recommendation of Cabinet Appointed Negotiating Committee, to M/s Laugfs Eco Sri. Pvt/Ltd, M/s Cleanco Lanka (Pvt) Ltd and […]
Asia will grow at 6-pct in 2018, Trade risk warnings: ADB
Apr 12, 2018 (LBO) – The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 per cent from 5.8 per cent, citing solid export demand, but said US protectionist measures and any retaliation against them could undermine trade. Growth in developing Asia would only ease slightly to 5.9 per cent […]
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) – Sri Lanka’s cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of petroleum. It has been planned to enter in to agreements with selected companies to explore the petroleum in Eastern Coastal area and shallow sea areas, a cabinet statement said. “The attention […]
LAUGFS Car Care continues expansion with launch of new service station in Galle
(PRESS RELEASE) – Marking another momentous milestone, LAUGFS Car Care enters the Southern Province with the launch of its first brand-new service station in Galle. Renowned for its commitment to delivering uncompromising service standards for clients of all vehicle types, this newest addition will further strengthen LAUGFS Car Care’s network of service stations across the […]
European Union parliament delegation visits BoI Katunayake
Apr 11, 2018 (LBO) – A delegation consisting of 6 members of the European Parliament visited the Katunayake Export Processing Zone following an invitation by the Management of Board of Investment of Sri Lanka. The delegation consisting of Mr. Jan Zahradil Member of the European Parliament (MEP) and Leader, MSajjad H Karim( MEP), Paul Rubing(MEP), […]
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 […]