Category: Industry
Sri Lanka’s 2.5mn tourist arrivals target by 2016 not likely: Report
July 22, 2015 (LBO) – Sri Lanka will not be able to lure 2.5 million tourists by 2016 as claimed by the previous government, a recent industry report said. “Achieving 2.5 million tourists by 2016 is not a pragmatic goal,” Bartleet Religare Securities (BRS) said in a report.“For the country to reach 2.5 million visitors […]
Disruptive Innovation, A challenging wave for organizations and leaders
July 21, 2015 (LBO) – Innovation can disrupt an organization, creating a new set of challenges to the leadership which some traditional companies are not aware of even, an official said. “This might completely dislodge you from your present industry,” Deepal Sooriyarachchi, Commissioner and Chairman of Sri Lanka Inventors Commission said. “And some of the […]
Sri Lanka lacks effective grading system for tourist accomodation
July 21, 2015 (LBO) – Sri Lanka’s tourism industry needs a standardized grading system for tourist accomodation, which indicates the minimum requirements of service standards, a recent industry reportays. “The industry needs a standardized grading system that spells out the minimum requirement of service standards to ensure safety and comfort of the establishments and guests,” […]
Sri Lanka to develop IT soft infrastructure and connect rural to digital world
July 20, 2015 (LBO) – Sri Lanka will connect all government departments though a digital platform and set 7500 Wi-Fi spots throughout the Island to educate and develop rural community, ICTA head said.“In the new era of digitized Sri Lanka, we are not anymore talking to urban audience but to rural audience, and that is […]
Pakistan High Commissioner hosts Eid dinner for cricketers
July 20, 2015 (LBO) – The High Commission of Pakistan in Sri Lanka recently hosted a colorful reception for the National teams and managements of Pakistan and Sri Lanka Cricket, in Colombo. “The current series has been a memorable one for both sides, for Pakistan it was significant due to our first test series victory […]
Phone makers in talks to end use of sim cards
July 19, 2015 (LBO) – International phone makers Apple and Samsung are in advanced talks to produce phones with embedded SIMs that will make use of SIM cards obsolete.Industry associations such as GSMA together with phone makers are working on a ‘common architecture’ which could take at least one year to deploy, the UK-based Financial […]
Intel earnings rise but PC chip sales disappoint
July 18, 2015 (LBO) – Intel, the world’s leading semiconductor company, reported higher than expected earnings this week even though sales of chips for PCs were predictably lower. The California-based chipmaker posted second-quarter earnings of 55 cents per share on revenue of .2 billion above analyst expectations of 50 cents a share on $13.04 billion […]
Sri Lanka’s Planters’ Association says 1000 rupees wage offer cost Rs18bn annually
July 17, 2015 (LBO) – Sri Lanka’s Planters’ Association of Ceylon said it will cost 18 billion per year for the industry to pay the 1000 rupees wage hike offer for workers, a statement said.The Regional Plantation Companies (RPCs) recently proposed a productivity linked wage proposal and raise the daily pay to 1000 rupees in […]
Sri Lanka to reduce fuel price if world oil prices drop: Ravi K
July 17, 2015 (LBO) – Sri Lanka’s government will consider a further reduction in the fuel price if oil prices in the world drop, the Finance Minister said. “If the world oil prices drop then we will also reduce the fuel prices in the country but the prices have not dropped yet,” Ravi Karunanayake, Finance […]
Effective public service and service delivery, crucial for competitiveness of economy: Think Tank
July 17, 2015 (LBO) – An efficient service delivery in the public service is crucial not only to achieve a competitive economy but also to meet the needs of poor and vulnerable sections of the society, a think tank said. “The efficiency of the public service, in terms of policy development and service delivery, is […]
Sri Lanka gets Euro 53mn credit from Spain to construct flyovers
July 16, 2015 (LBO) – Sri Lanka’s government to construct four lane steel flyover in Rajagiriya- Colombo, and two lane flyovers in Ganemulla and Polgahawela to ease the traffic congestion in the Colombo city and suburbs with 53 million Euro credit from Spain, cabinet spokesman Rajitha Senaratne said. The credit from government of Spain which […]
Guaranteed price for green leaf extended till next month; Rs200mn for Tea Shakthi Fund
July 16, 2015 (LBO) – Sri Lankan government has decided to extend the guaranteed price of 80 rupees per kilogram of green leaf produced by tea smallholders until this August.Cabinet of Ministers has approved a proposal by Plantation Industries Minister Lakshman Kiriella to extend this scheme implemented under the 100 day programme of the government.Meanwhile […]