Category: Featured
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 […]
Sri Lanka manufacturing activities decrease in Dec 2018
Jan 19, 2019 (LBO) – Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in employment and production, especially in manufacturing of textiles, wearing apparels, leather and related activities, the Central Bank said. “A significant decline in employment was experienced as some employees moved to seasonal jobs for […]
Sri Lanka enters into five MOUs with Philippines
Jan 17, 2019 (LBO) – Sri Lanka and Philippines signed five Memorandum of Understanding (MOUs) on education, tourism, agricultural and economic corporation.Further strengthening the bilateral relations between the two nations the agreements come with President Maithripala Sirisena’s ongoing four-day state visit to the Philippines.The President arrived in Philippines on 15 January for a five-day State visit following an […]
IMF to visit Colombo in mid-Feb to resume program discussions: Christine Lagarde
Jan 16, 2019 (LBO) – The International Monetary Fund remains ready to support the Sri Lankan authorities and an IMF team is scheduled to visit Colombo in mid-February to resume program discussions, IMF Managing Director Christine Lagarde said. Managing Director of the IMF who met with Sri Lanka’s Finance Minister Mangala Samaraweera and Governor Indrajit […]
‘s Colombo Port- city dredging completed ; Ready for investors
Jan 14, 2019 (LBO) – Sri Lanka’s proposed Financial City better known as the Port City has now fully completed land reclamation, Ministry of Megapolis and Western Province Development said. The new city will function as a special jurisdiction area with its own economic and commercial laws to facilitate operations of global multinational corporations. The completed […]
Foreign Minister calls on Sri Lankan diplomats to boost islands image through diplomacy
Jan 14, 2019 (LBO) – Foreign Minister Tilak Marapana has called on Sri Lankan diplomats to boost the image of the country overseas through efficient and effective execution of public diplomacy, utilizing its intrinsic brands such as Buddhism, gems, tea, spices, high-end export products and the warmth of traditional Sri Lankan hospitality. The Minister stressed the […]