Category: Featured
Verité wants govt to issue guidelines on e-signatures
May 30, 2017 (LBO) – Sri Lankan research organization Verité has called on the government to issue central guidelines to accelerate the acceptance of e-documents and e-signatures in Sri Lanka. Releasing a research note, Verité said issuing such guidelines, which apply to all government agencies, would be an efficient solution to inaction at the institutional […]
Indian ships arrive in Sri Lanka with flood relief, China pledges USD2.2Mn
May 29, 2017 (LBO) – Sri Lanka’s monsoon death toll rose to 164 with another 88 listed as missing as Indian ships arrived with relief supplies and China pledged US 2.2 million dollars in disaster aid. The Indian navy ships INS Kirsh and INS Shardul have already reached the Colombo port over the week-end with […]
SriLankan Airlines adds Melbourne to network from October
May 29, 2017 (LBO) – SriLankan Airlines will be establishing its presence in Australia with daily non-stop services to Melbourne commencing October 29th this year, the airline said. The non-stop services will also facilitate passengers from the Middle East and South Asia seeking onward connectivity via Colombo to/from Australia, a statement said. “This also means […]
Sri Lanka flood and landslide death toll rises to 25
May 26, 2017 (LBO) – The death toll from torrential rain across Sri Lanka has risen to 25 persons with more than 42 people reported missing, the island’s Disaster Management Centre said Friday. The Disaster Management Centre said that over 7,800 people belonging to 2,811 families were affected in seven districts. Sabaragamuwa Province is worst […]
‘s trade deficit widens substantially this year
May 26, 2017 (LBO) – Sri Lanka’s trade deficit widened substantially in the first two months of the year, while a moderation in tourist earnings and a modest growth in workers’ remittances resulted in a subdued external sector, the central bank said in a statement. “The deficit in the trade balance widened substantially to US […]
”s Investment Conclave
May 25, 2017 (LBO) – Sri Lanka will launch its ‘Private Public Partnership (PPP) Unit’ at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place 30th May to 1st June 2017 in Colombo. The unit formed with cabinet approval is mandated to source investment from both national and international private sectors […]
Sri Lanka tea export volumes down in April, revenue up
May 25, 2017 (LBO) – Sri Lankan’s tea exports fell to 20.1 million kilos in April 2017, a nine percent dip from a year ago, but revenue was up, Forbes and Walker Tea Brokers said. “Tea Exports for the month of April 2017 totaled 20.1M/kgs vis-à-vis 22.1M/kgs of April 2016 thus showing a decrease of […]
Australia, Sri Lanka partner to fight chronic kidney disease
May 25, 2017 (LBO) – Australian Nuclear Science and Technology Organisation (ANSTO) Thursday signed an MOU with the Presidential Taskforce to assist in the fight against chronic kidney disease of unknown aetiology (CKDu). Sri Lanka’s High Commissioner to Australia, Somasundaram Skandakumar, and the CEO of ANSTO, Dr Adi Paterson, signed an MOU that will see […]
Sri Lanka to reform methods of assigning leadership
May 25, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead for the implementation of reforms to establish a suitable method to assign responsibilities and leadership related to relevant tasks to increase the competition on investment flows to the island. “Making reforms to increase investment flows to Sri Lanka will increase competition on […]
Sri Lanka to build 1,040 MW hybrid energy park in Punarin
May 24, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to build an energy park of 1,040 MW of power in Punarin area in line with the government’s policy. Under this proposal, construction of a hybrid energy park consisting of 240 MW of wind power and 800 MW of solar power will be […]
Dialog paves way for 5G with successful MIMO trial
May 24, 2017 (LBO) – Sri Lanka’s Dialog Telecom said they have successfully completed a trial of next-generation, MIMO (Multiple-Input Multiple-Output) Technology. “In the race to 5G with unprecedented improvements in network throughput and capacity, MIMO is considered the most compelling technology with superior energy and spectral efficiency,” the company said in a statement. “Dialog […]
‘s retail sector, says Takas CEO
May 24, 2017 (LBO) – Sri Lanka’s online retail sector is booming, which poses a threat to traditional retail stores. Online stores too are battling it out for market share. Lanka Business Online spoke to Lahiru Pathmalal, the CEO of Takas.lk, one of the top online retailers in the island, to find out how the […]