Category: Industry
Rolls-Royce wins largest ever order from Emirates; CEO John Rishton to retire
Apr 22, 2015 (LBO) – Jet engine maker Rolls-Royce on Wednesday announced the retirement of its Chief Executive soon after the company won its largest ever order from Emirates. Warren East who was the CEO of ARM Holdings from 2001 to 2013 is to succeed John Rishton as chief executive of Rolls-Royce with effect from […]
‘s National Development Bank gets new chairman
Apr 21, 2015 (LBO) – Sri Lanka’s National Development Bank, an investment bank has appointed a new chairman after its former chairman stepped down indicating a personal wish, the bank said in a stock exchange filing.The board of directors of NDB at a meeting held on Monday decided to appoint N.G Wickremeratne as the new […]
Sri Lanka Cricket blames International Cricket Council for delaying payments
Apr 21, 2015 (LBO) – Sri Lanka Cricket on Monday hit back at International Cricket Council for breaching a bilateral agreement with the suspension of a payment by the council.In a letter addressed to the chief executive of the International Cricket Council (ICC), the Sri Lanka Cricket (SLC) has urged ICC to release due monies […]
Sri Lanka’s open air zoo opens doors to public; entrance free from today to 01 May
Apr 17, 2015 (LBO) – Sri Lanka’s public will be given the opportunity of visiting its first open air zoo, adjoining the Elephant Orphanage in Pinnawala free of charge from today until the 01st of next month, a government media report said. “The public will be given the opportunity of visiting this zoo free of […]
Sri Lanka’s NDB and DFCC merger not to be forced; it’s a shareholder decision: Dinesh Weerakkody
Apr 16, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB) and DFCC Bank merger should not be forced, Dinesh Weerakkody, Chairman of a Committee investigating banking sector consolidation told LBO.“We were very clear about the NDB – DFCC merger in our report that was handed to the Prime Minister.This should be decided by the […]
SriLankan Airlines increases flight frequency to Chennai
Apr 16, 2015 (LBO) – SriLankan Airlines has increased its flight frequency to Chennai from today by adding a fourth flight from Colombo to the Southern Indian city, the carrier said in a statement. “The new service will be operational from today (16).” Commenting on the occasion, Saminda Perera, General Manager Sales Worldwide said in […]
Sri Lanka’s first open air zoo,costs Rs862mn, sets to open in April 2015: 17 years to complete the construction
Apr 15, 2015 (LBO) –Sri Lanka’s first open air national zoological garden adjacent to the Pinnawala Elephant Orphanage is ready to open on Friday, April 17, Minister of Tourism and Sports Navin Dissanayake declared today. Sri Lanka has invested approximately 862 million rupees to build the zoo which 488 million rupees were funded from the […]
‘s Tourism Minister anoints elephants at Pinnawala orphanage
Apr 15, 2015 (LBO) –Sri Lanka’s Tourism Minister, Navin Dissanayake anointed about one hundred elephants at the Pinnawala Elephant Orphanage, which is one of the major tourists attraction point in the Island. This was taken place at the auspicious time of 09.06 this morning (15) parallel to the National oil anointing ceremony which is a […]
Sri Lankans to get Indian visa on arrival form 14 April
Apr 15, 2015 (LBO) – Sri Lankans visiting India will receive visas on their arrival from yesterday (April 14th), a statement issued by the Government said.“Sri Lanka has been added to the list of countries that will enjoy the visa on arrival facility,” the statement said.“Sri Lankan Nationals who arrive at the airports of Delhi, […]
Sri Lanka to introduce red labels for drinks with excessive sugar: Health Ministry
Apr 13, 2015 (LBO) – The Health and Indigenous Medicine Ministry will soon introduce a special red label, on bottled drinks which have excessive sugar content, the Ministry said in a statement. “Manufacturers and importers should display a red label if the sugar content of the drink is over 11 grams per 100 milliliters,” Dr. […]
Sri Lanka’s fuel consumption almost doubled: Energy Minister
Apr 09, 2015 (LBO) – Sri Lanka’s fuel consumption has doubled after the reduction of fuel cost by the new regime’s interim budget 2015, Minister of Power and Energy, Patali Champika Ranawaka said.“We reduced the cost of fuel and thought that the people would put the savings in other investment,” “But we found that fuel […]
“The world”, a luxury residential yacht visits Sri Lanka
Apr 09, 2015 (LBO) – Sri Lanka’s Colombo and Galle shores were recently visited by privately owned residential yacht “The World”, with hundred and sixty five residents on board from 19 different countries a statement said.The ship is 644 feet long and has 165 individual homes gives the experience of owning a luxury house which […]