Category: Featured
Asia Property Awards debuts in Sri Lanka: Honors industry’s growing potential
Jul 17, 2018 (LBO) – Sri Lanka’s real estate industry was honored at the first PropertyGuru Asia Property Awards which was held at the Shangri-La, Colombo, recently. The awards recognised the real estate sector’s tremendous potential, with the island’s most innovative developers and current developments of the year chosen by an independent panel of experts following […]
Opinion: Lessons from Lakshman Kadirgamar, a master networker in a pre-Linkedin world
By Ajita Kadirgamar July 16, 2018 (LBO) – Long before the advent of the internet, social media and professional networking sites such as LinkedIn, Sri Lankans were masters of the networking game. Networking, whether social or professional is basically, ‘the exchange of information and ideas among individuals or groups that share a common interest’.It has […]
Sri Lanka remains Human Rights Priority Country of UK with limited progress
July 16, 2018 (LBO) – Sri Lanka remains a priority country in the United Kingdom’s Annual Human Rights Report 2017. Sri Lanka is one of 30 ‘Human Rights Priority Countries’ (HRPCs); countries where the UK has serious human rights concerns and hopes to engage positively to develop human rights performance. The report acknowledges that there […]
France beat Croatia 4-2 to secure second FIFA World Cup title
July 16, 2018 (LBO) – France have won the 2018 FIFA World Cup Russia after defeating Croatia 4-2 in a thoroughly entertaining Final at the Luzhniki Stadium in Moscow in what was a fitting end to an outstanding tournament.Despite Croatia having the majority of possession in the opening stages, France took the lead in somewhat […]
National Export Strategy to be launched this week
Jul 16, 2018 (LBO) – Sri Lanka is to launch a long-awaited National Export Strategy (NES) later this week on the 19th. “The National Export Strategy (NES) is a fantastic opportunity for the private sector and the government to work together but the success of it will depend entirely on the political will of the incumbent […]
Sri Lanka – Singapore FTA: Over USD 16Bn investment projects under discussion
Jul 16, 2018 (LBO) – Projects with a total investment value of over US 16 billion dollars mainly in manufacturing for exports are the first projects to realize since the Sri Lanka-Singapore FTA was implemented on May 1, 2018, the Board of Investment (BoI) in Sri Lanka said.“Sri Lanka is gearing to reap the benefits […]
‘s international reality sign up Sapphire residences
Jul 16, 2018 (LBO) – Sri Lanka Sotheby’s International Realty the global marketing agents for the ultra-prestige residential development Sapphire Residences at Colombo 1 has appointed Charles Phillpot as Sales &Marketing Director. Now living full time in Colombo, Charles Phillpot will lead a team that will promote the Sapphire Residences to the global market. The 132 […]
CEB interdicts DGM Energy Purchases for refusing to pay ACE Embilipitiya
Jul 16, 2018 (LBO) – The Deputy General Manager, Energy Purchases of Ceylon Electricity Board (CEB) says that the Government should not pay the 100 MW ACE Embilipitiya as it is an illegal power plant. The state utility has extended the agreement with the privately-owned ACE Embilipitiya without a bidding procedure and without the approval […]
Thai-Sri Lanka FTA talks launched; USD1.5bn mutual trade expected by 2020
July 13, 2018 (LBO) – Sri Lanka and Thailand on Friday officially declared the launch of negotiations for the proposed Free Trade Agreement (FTA) between the two countries. The first round of negotiations was held in Colombo with the blessings of the Thailand Prime Minister General Prayut Chan-o-Cha who paid an official visit to Sri […]
Government uses an unseen formula to manipulate fuel prices: MR
July 12, 2018 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa alleges the government for what he called fleecing the public through fuel price manipulation using a price formula which nobody has seen. Rajapaksa says even though this kind of price manipulation is a standard practice in the large-scale retail industry, it is quite clear that […]
Transparency in tender procedures vital for attracting FDI inflows to Sri Lanka :EU
Jul 11, 2018 (LBO) – The 6th EU- Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade recently. Many of the earlier outstanding matters had been resolved through dialogue and the joint efforts of the Sri Lanka and EU authorities. “We have managed to resolve many of the issues that […]
Prevailing political uncertainty affects investor confidence: First Capital Research
July 11, 2018 (LBO) – Prevailing policy uncertainty created through the political uncertainty is a major deterrent which may slow down the gradual improvement of the economy and business confidence, a recent research showed. First Capital Research in its mid-year economic outlook said a major factor that is creating uncertainty in the upcoming Presidential Election […]