Category: Featured
‘s first electric vehicle plant
May 03, 2018 (LBO) – Tokyo based high-tech research and development startup is planning Sri Lanka’s first ever large, industry scale electric vehicle (EV) manufacturing facility. The proposed EV manufacturing operation is to take off by producing Sri Lanka’s first ever smart, “EV tuk-tuks.” The startup from Tokyo is also setting up international standard EV […]
Planters’ Association hails decision to lift ban on glyphosate
May 02, 2018 (LBO) – The Planters’ Association of Ceylon (PA) issued a statement commending yesterday’s Government decision to lift the arbitrary ban on the importation of glyphosate-based weedicides in view of the overwhelming scientific consensus that the substance is not harmful to human health. At the outset we wish to express our sincere and […]
‘s economy
May 03, 2018 (LBO) – Sri Lanka’s Central Bank said recent indicators reflect positive sentiment expressed by external foreign parties regarding the performance of the Sri Lankan economy and its prospects. Central Bank’s response came at a time when serious concerns have been expressed regarding the performance of the Sri Lankan economy. “It is instructive […]
Mobitel to host Google I/O Extended Sri Lanka 2018
May 02, 2018 (LBO) – Sri Lanka’s National Mobile Service Provider, Mobitel is organizing the biggest tech event of the year, the Google I/O Extended on the 8th of May 2018 for the 5th time in Sri Lanka. Mobitel said the event will be held at Stein Studio complex Ratamalana. This is one of the most […]
Dinesh Weerakkody appointed as new Chairman of Hatton National Bank
May 01, 2018 (LBO) – Dinesh Weerakkody has been appointed as the new Chairman of Hatton National Bank with effect from 26 May 2018. The new appointment came after the retirement of the incumbent Chairman Rienzie Arseculeratne having reached the age of 70 years. Dinesh Weerakkody joined the Board of HNB on 29 June 20I7 as […]
Sri Lanka’s new Cabinet of Ministers sworn in
May 01, 2018 (LBO) – Sri Lanka’s new Cabinet of Ministers was sworn in before President Maithripala Sirisena at the Presidential Secretariat today.Following are the Ministers and their portfolios: Lakshman Kiriella – Minister of Public Enterprise and Kandy Development Sarath Amunugama – Minister of Science, Technology and Research, Skills Development and Vocational Training, and Hill […]
‘s telco merger to relieve competitive pressure: Fitch
May 01, 2018 (LBO) – The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive pressures that have undermined Sri Lankan telecom companies’ revenue and EBITDA growth in recent years, Fitch Ratings said.. However, the merger is unlikely to affect the ratings on market leaders Sri […]
Opinion: Mitigating the impact of busy lifestyle on your nutritional health
Interview on Food Safetyand Nutrition with Dr. Krishanthi Premarathne. The great majority of people will experience a food borne disease at some point in their lives. This highlights the importance of making sure the food we eat is not contaminated with potentially harmful bacteria, parasites, viruses, toxins and chemicals. Food can be contaminated at any […]
Given the current debt dynamics, fiscal slippage can lead to a serious economic crisis: CB
Apr 26, 2018 (LBO) – Given the current debt dynamics, fiscal slippage can lead to a serious economic crisis, the Central Bank said releasing its Annual Report 2017.Central Bank in its report said amidst the measures taken towards revenue based fiscal consolidation, fiscal sector performance in 2017 deviated from the envisaged targets.“Avoiding deviations from fiscal […]
PUCSL hold public consultation on draft regulatory tools of lubricants
Apr 26, 2018 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), shadow regulator of the lubricant industry held a public consultation session on the draft regulatory tools related to quality and price of lubricants, recently. “The necessity of having an effective and independent mechanism for ensuring product quality, fair prices and protecting the […]
Presidential Commission on SriLankan to commence recording of evidence
Apr 26, 2018 (LBO) – President Maithripala Sirisena said that the Presidential Commission appointed to look into the alleged frauds and malpractices in SriLankan Airlines will commence recording of evidence within the next two weeks.He said at a discussion held with the trade union representatives of SriLankan Airlines at the Presidential secretariat yesterday (April 25). […]
35-pct of 2017 budget promises near completion, 24-pct broken: Research
Apr 25, 2018 (LBO) – Progress for the 2017 budget proposals tracked by Verité Research shows that almost a quarter of the budget promises have been broken with only 22 percent of the promises have made substantial progress. Eight percent of 2017 budget promises have been fulfilled; about a third of the promises were completed […]