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‘s govt plans to intervene in tea prices with purchases of Rs300mn
Oct 01, 2015 (LBO) – Sri Lanka’s plantation ministry said that it plans to300 million rupees from the auction to artificially raise the price of tea with savings from the money that government subsided for tea small holders.“We have passed this proposal to ministry of economic affairs and policy which is under the prime minister,” […]
‘s smartphone market
Oct 01, 2015 (LBO) – HTC, a mobile phone manufacturer entered the Sri Lankan market with a portfolio of smartphones, a statement said. “We are pleased to launch our smartphones in the Sri Lankan market,” Faisal Siddiqui, President, HTC South Asia said. “All the HTC devices are stunning, intuitive and advanced in technology. Our new HTC desire […]
IronOne Gets Microsoft ISV Partner of the Year Award
IronOne Technologies is honored to announce that it has been awarded the Microsoft Independent Service Vendor (ISV) Award in the Sri Lanka region for its BoardPAC platform. “This is a tremendous achievement and we are immensely honored by this recognition,“ said Rajitha Kuruppumulle, COO for IronOne Technologies. “BoardPAC’s win reflects the company’s expertise in providing […]
2015 most dangerous celebrities in the world
Oct 01, 2015 (LBO) – Intel Security has recently conducted a study using McAfee Web Advisor to determine the number of risky sites that would be generated in search results including a celebrity name and commonly searched terms. Intel Security refers to these stars as the Most Dangerous Celebrities, meaning that they are likely popular […]
Brandix supports national initiative in Occupational Safety
Sri Lanka’s efforts to promote occupational safety and health at workplaces across the island are to be supported by the country’s single largest apparel exporter Brandix as principal sponsor of the 2015 National Occupational Safety & Health (OSH) week. Organised by the National Institute for Occupational Safety and Health (NIOSH) of the Ministry of Labour, […]
“Megapolis” Sri Lanka’s road to better sustainable development: Minister
Oct 01, 2015 (LBO) – Mega cities are important to transform Sri Lanka into a smart country and Colombo will remain as the epicenter for economic activities, Minister Champika Ranawaka said.“The proposed Megapolis concept is now underway and will span from Negombo to Beruwela and the Colombo city will be functioning as the epicenter,” Megapolis […]
New action plan to advance human rights in Sri Lanka: President at UNGA
Sep 30, 2015 (LBO) – The government intends to implement a new programme and plan of action in Sri Lanka to advance human rights, President Maithripala Sirisena said. Addressing the 70th UN General Assembly, Sirisena said the new vision for the country involves achieving the twin objectives of sustainable development and reconciliation. “In dealing with […]
Sri Lanka stocks down 0.5-pct: JKH losses
Sep 30, 2015 (LBO) – Sri Lankan stocks closed down 0.49 percent on Wednesday with losses in index heavy John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed down 34.51 points at 7,050.87 lower 0.49 percent. S&P SL20 closed 32.46 points lower at 3,826.15 down 0.84 percent. Turnover was 1.3 billion […]
Sri Lanka not actively pursuing IMF option: CB Governor
Sept 30, 2015 (LBO) -Sri Lanka is not actively pursuing funding from the International Monetary Fund, the Central Bank Governor Arjuna Mahendran told Lanka Business Online. “The IMF is always available. I wouldn’t say that was something we were actively pursuing. There is no need for it as we have sufficient reserves,” he said. “But […]
‘s deflation increases to 0.3 pct in Sept from 0.2 pct in Aug
Sept 30, 2015 (LBO) – Sri Lanka’s deflation was lower at 0.3 percent, year-on-year, in September, from 0.2 percent in August, the census and statistics department said. On a 12 month moving average basis, inflation fell to 0.7 percent in September from 1.0 percent in the previous month.There were slight price declines from August to […]
FM Mangala meets Australian and Japanese Foreign Ministers
Foreign Minister Mangala Samaraweera met Japanese and Australian foreign ministers in New York on the sidelines of the UN General Assembly.
All Together in One Place
The Department of Elections completes 60 years today. The Department has taken steps to celebrate diamond jubilee with grand ceremonies. The main ceremony of celebrating the 60th anniversary was held at the Bandaranaike Ceremonial hall, Colombo today with the participation of President Maithreepala Sirisena, and Prime Minister Ranil Wickramasinghe as the Chief Guests and the participation of the chief opposition […]