Custom Check

Jan 30, 2015 (LBO) – Sri Lanka™s Customs service will work round the clock in order to improve the service offered to the people and the improve island™s trade efficiency, Finance Minister Ravi Karunanayake said. The government expects around 50 billion rupee income from this measure. In an endeavor to improve the service offered to […]

Train Link

Jan 03, 2014 (LBO) – Sri Lanka inaugurated the newly built railway track between Jaffna and Kankasanthurai covering a distance of 18 kilometers, which established a direct train link with Colombo a media release said. This track corridor has two crossing stations at Kondavil and Chunnakam and five halt stations at Kokuvil, Inuvil, Mallakam, Tellipalai […]

Dual Citizenship

Jan 01, 2015 (LBO) – Sri Lanka™s cabinet has granted approval to recommence the Dual Citizenship which had been temporarily suspended during the end of 2011 has been reinstated from today, official of Ministry of Defence and Urban Development said at the briefing yesterday. The granting of Dual Citizenship will be in force from 31st […]

Haldummulla Disaster

Oct 29, 2014 (LBO) – A Landslide destroyed a plantation in Haldummulla, Central Sri Lanka on Wednesday (29) morning and have killed at least 100 people and leaving more than 150 trapped, a media report said. An about 330 people had been living at the location at the time of the tragedy. The mobilized armed […]

Doing Business

Oct 29, 2014 (LBO) – Sri Lanka has slipped to 99 from 85 in a global ranking compiled by the World Bank group as several other nations raced ahead despite an improvement in the score between 2013 and 2014. The report further said Sri Lanka has made paying taxes more costly for companies by increasing […]

Online Solution

August 29, 2014 (LBO) – Sri Lanka is to launch an online support system focusing on the issues faced by the small and medium entrepreneurs in the island, Ministry of Industry and Commerce said in a media release. The tool will periodically present views and experiences of entrepreneurs and micro biz operating in formal and […]

Waste Management

Aug 15, 2014 (LBO) – Sri Lanka’s cabinet of ministers had approved a plan to haul solid waste from Sri Lanka’s capital Colombo to sanitary land in the northwest of the island by rail as part of a plan to produce power, a top official said.Waste will be taken in special locomotives and rolling stocks.The […]

Sri Lanka launches Ceylon cinnamon certification to promote exports

Aug 11, 2014 (LBO)- Sri Lanka has launched an internationally accredited certification for cinnamon, its main spice export, aiming to uplift an image like its main export, Ceylon tea, and exploit growing in global market. The ‘Pure Ceylon Cinnamon Global Certification” is also registered in key markets of USA, EU, Peru and Colombia, said Rishad […]

Compassion Measure

Aug 05, 2014 (LBO) – A regional consultant who works with mainly multinational businesses in South Asia and the Middle East says he wants to measure compassion in Sri Lanka business, after initiating the process in Pakistan.“I want to go deep and see how Sri Lankan organizations are different from Pakistan, even if they are […]

Submarine Plan

July 23, 2014 (LBO) – Subway, a US-based fast food franchise which launched in Sri Lanka this week is planning a 30-store chain in the island over the next five years, officials said. “All we see is an aggressive growth plan for Sri Lanka, it™s up to the local entrepreneurs to join with us for […]

Key Speaker

July 22, 2014 (LBO) – Alpesh Shah, a Senior Partner and Managing Director of the Indian Unit of the Boston Consulting Group, will address a business forum in Colombo in August.Ceylon Chamber of Commerce said Shah will speak at the upcoming ‘Sri Lanka Economic Summit’ on the topic of ‘Colombo as a Financial Hub at […]

Partial Protection

PARIS, July 10, 2014 (AFP) – A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a potential arm against the disease, researchers said Friday.Devised by the French pharmaceutical giant Sanofi Pasteur, the so-called CYD-TDV vaccine provided only 30 percent protection against the dangerous […]

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