Category: Featured
US hands over a cutter to Sri Lanka making it the largest in SL Navy fleet
Aug 29, 2018 (LBO) – United States Coast Guard on Monday handed over a high endurance cutter, formerly the USCGC Sherman, to the Sri Lankan Navy in a ceremony.The ceremony presided over by Vice Admiral Sirimevan Ranasinghe, Commander of the Sri Lankan Navy, and Rear Admiral Michael Haycock of the US Coast Guard.The cutter, a […]
SriLankan Airlines increases capacity between Colombo and Singapore
Aug 29, 2018 (LBO) – SriLankan Airlines said it is expanding the capacity on the Colombo-Singapore-Colombo route with the introduction of wide-bodied Airbus A330 aircraft that are equipped with the latest in-flight entertainment systems, luxurious seating and onboard cuisine. Effective 29th October 2018, SriLankan Airlines will increase frequencies to 21 flights per week from the […]
‘s Santani Resort named in Time magazines 100 ‘World’s Greatest Places’
Aug 29, 2018 (LBO) – Sri Lanka’s Santani Resort, has been named in the Time magazines 100 ‘World’s Greatest Places’. “We have received unprecedented international recognition since opening the hotel a year and a half ago, but to be featured on “World’s Greatest” list by TIME is really a great honour,” Vickum Nawagamuwage, Founder/Chief Executive, Santani said. […]
Sri Lanka to receive BIMSTEC Chairmanship; President to lead Sri Lanka delegation
Aug 28, 2018 (LBO) – President Maithripala Sirisena will lead the Sri Lanka Delegation to the 4th Summit of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (BIMSTEC), which will be held from 30-31 August 2018 in Kathmandu. Ministry of Foreign Affairs said at the conclusion of the Summit, the Chairmanship of BIMSTEC […]
Japanese State Minister for Foreign Affairs to visit Sri Lanka, Pakistan this week
Aug 28, 2018 (LBO) – State Minister for Foreign Affairs of Japan, Kazuyuki Nakane will visit Sri Lanka and Pakistan this week, few days after Japanese Defense Minister visited Sri Lanka. The recent visit by Japanese Defense Minister Itsunori Onodera to India and Sri Lanka showed the increasing focus on these countries on the part […]
Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) – In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Insurance Regulatory Commission of Sri Lanka (IRCSL) on August 01, 2018 at the Central Bank of Sri […]
Sri Lanka official reserves at USD9.3Bn : Rupee depreciated by 5.0-pct by Aug 2018
Aug 28, 2018 (LBO) – The Central Bank of Sri Lanka said reflecting developments in the domestic and global foreign exchange markets, the Sri Lankan rupee depreciated by 5.0 percent during the year up to 27 August 2018 against the US dollar. Furthermore, reflecting cross currency movements, the Sri Lankan rupee depreciated against the euro, […]
Japanese Defense Minister commends recent progress of Colombo Port
Aug 27, 2018 (LBO) – Japanese Defense Minister Itsunori Onodera has commended the progress acquired by the Port of Colombo during the recent past, Sri Lanka Ports Authority said.Defense Minister Onodera recently paid a historic visit to the Port of Colombo marking a landmark in the maritime history of Sri Lanka. During the visit, the […]
SAKS analytics introduces disruptive innovation to Sri Lanka, partners with AntWorks
Aug 27, 2018 (LBO) – As regional businesses continue to make incremental progress in their augmentation of technology into operational and strategic business processes, a subsidiary of one of Sri Lanka’s largest and oldest conglomerates, SAKS Analytics, announced a breakthrough partnership with global artificial intelligence (AI) and intelligent automation company, AntWorks, in a bid to introduce […]
STAX presents research on investment and FTA potential at SL-Singapore business council
Aug 27, 2018 (LBO) – Local research consultancy, STAX presented an overall view of key challenges in investment, potential opportunities for investment and growth, and the significance of the Sri Lanka Singapore free trade agreement, recently. Drawing on STAX’s extensive research capabilities and experience operating in the Singaporean market, Manager Firaz Markar presented an overall […]
Data science enthusiasts explore emerging trends at Colombo big data meetup
Aug 27, 2018 (LBO) – Industry professionals, big data enthusiasts, academics and students congregated at the latest edition of the Colombo Big Data Meetup held recently at the Virtusa auditorium. Powered by Virtusa, the interactive sessions apprised participants of the latest developments in Big Data tools and technologies. Selvendra Selvarajah, Associate Architect at Virtusa and […]
Former US presidential candidate, Senator John McCain dies at 81
Aug 26, 2018 (LBO) – United States senator and former presidential candidate John McCain died Saturday after losing a battle to brain cancer, at the age of 81. In July 2017, McCain was diagnosed with glioblastoma, an aggressive form of brain cancer. One year of treatment failed to prevent his condition from worsening and on […]