Category: General Services
Demand builds for islands first state run automotive service hub
Sep 16, 2019 (LBO) – Sri Lanka’s first ever state run wheel alignment centre (WAC) for four wheel light vehicle class was launched in September has seen demand for its services peak from state owned and private vehicle owners. “Eight vehicles, including high-roof ambulances, have been serviced within just seven hours’ of opening of STC […]
Fin Min orders investigation on liquor licenses issued without approval
Sep 16, 2019 (LBO) – Sri Lanka’s Finance Minister has orderd authorities to investigate and report to him on how liquor licenses were issued for taverns without obtaining the approval of the subject minister. Minister Mangala Samaraweera ordered Excise Commissioner General, H.G. Sumanasinghe to conduct an immediate investigation how liquor licenses have been issued by […]
EU delegation visits Katunayake export zone
Sep 16, 2019 (LBO) – A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in connection to Sri Lanka’s GSP + status. The delegation consisting of Thorsten Bargfrede, Charged’ Affaires and head of political, trade and communication section, Walter Van Hattum, coordinator GSP trade preferences, trade […]
FM Marapana calls for peaceful engagement in Indian Ocean at IORA conference
Sep 11, 2019 (LBO) – Foreign Minister Thilak Marapara called for cooperation and peaceful engagement in the Indian Ocean maritime domain by IORA members for creating a stable, secure environment, facilitative of economic prosperity. The Minister was addressing the 3rd IORA blue economy Conference held in Dhaka, Bangladesh when he made these comments. He said steps […]
Japanese investor to start manufacturing flexible packaging for Sri Lanka Tea Industry
Sep 09, 2019 (LBO) – Sri Lanka’s Board of Investment signed an agreement with a Japanese company to establish a plant that will be manufacturing flexible packaging that will be utilized by the local Tea industry. The agreement was signed by Mangala Yapa, Chairman of the BOI and Yusaku Sugano, Managing Director of Sugano Colombo […]
Sri Lanka Singapore Business Council promotes Brand SL and showcases tech talent
SLSBC over the years has played the role of the catalyst to its members and other Sri Lankan corporates to promote bilateral trade between the two countries. This year, the SLSBC led a delegation of 31 Board level individuals from 26 local companies drawn from a multitude of industry sectors to explore opportunities. What was […]
SL and Australia to strengthen cooperation to counter people smuggling
Sep 06, 2019 (LBO) – Sri Lanka and Australia have re-dedicated themselves to counter people smuggling and discussed in detail avenues for strengthening cooperation to address the recent escalation of the number of people-smuggling ventures from Sri Lanka to Australia since May, 2019. Foreign Secretary Ravinatha Aryasinha expressed Sri Lanka’s fullest support to Australia in […]
Morison initiates second attempt to delist from Colombo Stock Exchange
Sep 04, 2019 (LBO) – The Board of Directors of Morison by way of a circular resolution dated yesterday, has resolved to initiate the delisting of the company’s fully paid voting shares and fully paid non-voting shares from the CSE. The company said in a stock exchange filing that the delisting will be subjected to […]
CCC holds 18th AGM of Sri Lanka – China Business Council
Sep 03, 2019 (LBO) – The 18th annual general meeting of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce was held recently at Taj Samudra Colombo with Yang Zuoyuan, commercial counsellor, Embassy of People’s Republic of China was the chief guest. Thulitha Mendis, director – commercial, Singer (Sri Lanka) […]
Sri Lanka prepares to pioneer USD50Mn fully-fledged Ocean University
Aug 30, 2019 (LBO) – Sri Lanka’s state-run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to receive the largest project funding in its history. Once agreements are finalized, a 50 million US dollars worth facility is set to spawn a fully-fledged Ocean University in Sri Lanka. Also nine new […]
Sri Lanka eco summit to discuss SOE reform implementation weaknesses
Aug 26, 2019 (LBO) – Sri Lanka’s State-Owned Enterprises (SOEs) has been the topic of debate for many years now. Discussions around it have covered improving profitability, service and governance while examining the root causes for the continued losses incurred by SOEs. Some of the solutions for reforms are well known, but its implementation has […]
Ceylinco Life reports 6-month net income of Rs.14.7Bn
Aug 21, 2019 (LBO) – Sri Lanka’s Ceylinco Life reported a six month net income of 14.7 billion rupees with a premium income up 5.7 percent to 8.8 billion rupees. The company’s investment income grew 16 percent to 5.9 billion rupees while benefits and claims paid grew by 11.7 percent to 5 billion rupees. Ceylinco […]