Category: Featured
Feature story: Seeds for a brighter future
Feb 01, 2019 (LBO) – Rajnikansan Arushanandi’s son Brideman is in Grade 5 but he knows more about gardening than she does.“He has been learning at school and he comes home and tells us about organic fertilizer preparation, and how nutritional green leaves can be grown,” she says. Another mother, Sobana Muhundan sees her son Sibiraj […]
Colombo Port to get pilot boats for more efficient service
Jan 31, 2019 (LBO) – The Sri Lanka Ports Authority (SLPA) will sign an agreement with Colombo Dockyard PLC to build two pilot boats for Colombo Port enabling it to handle a greater volume of activities with more efficiency. A pilot boat is a type of boat used to transport maritime pilots between land and the […]
Sri Lanka ranked 89th in 2018 Corruption Perceptions Index
Jan 30, 2019 (LBO) – Sri Lanka is ranked 89th in the world and 3rd in South Asia, behind Bhutan (25th) and India (78th) with a score of 38 on the CPI 2018 retaining the same score from 2017.The 2018 Corruption Perceptions Index (CPI) released Tuesday by Transparency International reveals that the continued failure of most […]
Sri Lanka computer literacy at 27.5-pct: Digital literacy growing
Jan 30, 2019 (LBO) – Overall computer literacy reported in 1st half of 2018 for Sri Lanka is 27.5 percent, a new survey shows. This is an decrease of 0.8 percentage points from 2017 (1st half) to 2018 (1st half). When the digital literacy is considered two out of every five (aged 5 – 69) has […]
Sri Lanka exports grow 4.1-pct USD980Mn in Nov 2018
Jan 29, 2019 (LBO) – Sri Lanka’s deficit in the trade account narrowed significantly in November 2018 (year-on-year) following a decline in import expenditure, the Central Bank said. Exports grew by 4.1 per cent while imports contracted by 9.1 per cent in November 2018 (year-on-year). “The deficit in the trade account narrowed significantly in November […]
Ground breaking ceremony kicks off construction for TRI-ZEN
Jan 29, 2019 9LBO) – John Keells Properties celebrated the beginning of construction for their newest development, TRI-ZEN, during a special groundbreaking ceremony recently. The groundbreaking ceremony was held in the presence of the Deputy Chairman and the Group Finance Director of John Keells Holdings PLC Gihan Cooray, President of John Keells Property Sector Suresh Rajendra, […]
Sri Lanka Govt introduces more loans for 3-wheel owners and migrant workers
Jan 28, 2019 (LBO) – The Finance Ministry under the Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen the schemes enabling the stake holders to move towards next generation economic activities in their areas of activities. Accordingly migrant workers will be given up to 10 million rupees concessionary housing loans […]
Sri Lanka ready to create artificial rain for hydropower generation
Jan 23, 2019 (LBO) – Ceylon Electricity Board and Sri Lanka Air Force today signed a memorandum of understanding to facilitate the project of creating artificial rain for hydropower generation. The Air Force has agreed to provide aircraft modified especially for this purpose while the Thai government is providing technical expertise for the project. Rainmaking […]
US Navy conducts temporary cargo transfer initiative in Sri Lanka
Jan 23, 2019 (LBO) – United States Navy will perform a transfer operation to move cargo between planes at Bandaranaike International Airport outside Colombo from January 21 to 29, US Embassy in Colombo said. The embassy said that this is part of a larger temporary cargo transfer initiative that promotes Sri Lanka’s efforts to become […]
Chinese cement manufacturer to enter Sri Lankan market
Jan 23, 2019 (LBO) – A Chinese cement manufacturer is seeking to set up a new cement plant in the Hambantota Export Processing Zone in Sri Lanka. According to the Deputy Minister of Development Strategies and International Trade, Nalin Bandara, this is the first time a Chinese cement company is entering the local market directly. […]
Toll free hotline ‘1984’ launched to obtain tip-offs about drug smugglers
Jan 21, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena has inaugurated a hotline for the public to inform authorities about the acts of drug smuggling and related crimes. Toll-free telephone number ‘1984’ which was earlier used by the National Dangerous Drugs Control Board as the hotline for counseling and operational activities will be used […]
Govt calls for exploration bids in block M2, Mannar Basin
Jan 18, 2019 (LBO) – Sri Lanka’s government has called for international competitive bids for exploration and development activities in Block M2, Mannar Basin, the Petroleum Resources Development Secretariat said.The M2 Block covering approximately 3,500 km2, has two gas discoveries, Dorado 91H/1z and Barracuda 1 G/1 and a number of un-drilled prospects, it added.The bidders are expected […]