Category: Industry
Sri Lanka’s tourist arrivals up 18-pct in March 2015, 1st quarter up 13.6-pct
Apr 06,2015 (LBO) – Sri Lanka’s tourist arrivals rose 18 per cent to 157,051 in March 2015 from a year earlier with a surge in tourist arrivals from China and cumulative as at end 1st quarter to 478,838 with a growth of 13.6 per cent, data from the state tourism promotion office showed. Sri Lanka […]
‘s exports to Pakistan can be more diversified: Business potential seen in power generation: Official
Apr 06, 2015 (LBO) – Sri Lanka can increase its exports to Pakistan through diversification and investment in power generation will be one such area to explore, a Pakistani official said.“There is very little diversification in the products that Sri Lanka is exporting to Pakistan,” Hazan Ali Zaigam, First Secretary, High Commission of Pakistan in […]
Sri Lankan Airlines former chairman should be prosecuted; $2.3bn airbus deal to be probed
Apr 04, 2015 (LBO) – The board appointed to inquire Sri Lankan Airlines has recommended a criminal investigation into the entire re-fleeting process, a statement issued by the Prime Minister’s office said.“The former government of President Mahinda Rajapakse made management changes to carry out a re-fleeting of the airline with brand-new aircraft costing $2.3 billion […]
Apple releases demo videos to introduce ‘Apple Watch’
Apr 04, 2015 (LBO) – American multinational corporation, Apple recently released a series of videos demonstrating their first ever smartwatch that enters the wearables market this month. This anticipated watch which will bring an entirely new way to receive information at a glance; begins accepting preorders on 10 April 2015 and will be available in […]
SriLankan, a corrupted airline without any aircrafts as assets: PM
Apr 02, 2015 (LBO) – State owned SriLankan airlines is a huge burden on the country even though it does not own any aircraft’s at present, Prime Minister Ranil Wickremesinghe said. Accepting the first copy of a report on SriLankan Airlines, Wickremesinghe told reporters Wednesday that the procurement procedure and power abuse was comprehensively investigated […]
”” rating:Fitch
Apr 02, 2015 (LBO) – Sri Lanka’s Amana Bank PLC’s has been rated at ‘BB(lka), National Long-Term Rating ‘ with a Stable Outlook, Fitch rating said. KEY RATING DRIVERS Amana’s rating reflects its small and developing domestic franchise, and limited track record. The bank started operations in 2011 as a Sharia-compliant bank and accounted for […]
Sri Lanka should look at regional trade and be less Europe centric: Official
Apr 02, 2015 (LBO) – Sri Lanka should look at diversifying its export market from its Europe centric and north American trade habits and move towards exploring a more lucrative regional export markets, a senior official said. “That Europe centrist approach is still there in Sri Lanka, simply because it is the number one market […]
Sri Lanka to attract more Chinese tourists
Apr 02, 2015 (LBO) – Sri Lanka plans to attract more Chinese tourists through a recently launched marketing strategy by Sri Lanka Tourism with a private- public partnership focusing only on China. “If we can build the new markets in china like Sichuan province which has 90 million people including two million who travel overseas […]
Sri Lanka’s computer literacy tops one fourth of population
Apr 01, 2015 (LBO) – A recent survey has found that one fourth of Sri Lanka’s population is computer literate and 22 percent of households have at least one computer. The survey conducted by the census and statistics department shows that computer literacy in Sri Lanka has been gradually increasing since 2006/07. The study measured […]
Sri Lanka’s GSP Plus to be re-evaluated:EU
Apr 01, 2015 (LBO) – The European Union is seriously reevaluating the island’s request to grant the GSP plus concession for exports to the EU and to lift the restrictions imposed on export of fish products, European Union Ambassador to Sri Lanka, David Daly has said. Daly has also expressed deep appreciation over the new […]
‘s Cinnamon Lakeside Hotel partially closed
Mar 30, 2015 (LBO) – Sri Lanka’s five star hotel Cinnamon Lakeside will be partially closed from Monday till October 2015 for urgent repairs; owners of the hotel, Trans Asia said in a statement.The statement further stated that the repairs will be completed in October 2015.“We already closed the Pool. But the restaurant area and […]
Sri Lanka gets free wi-fi access at public locations from today
Mar 30, 2015(LBO) – Sri Lanka’s new regime to provide free wifi internet access at 26 selected public locations across the island from today, a statement said. The government said, it will provide up to 100 mega bite of usage at the Fort Railway Station, Pettah Public and Private Bus Stands, the Temple of the […]