Category: Industry
Samsung expects higher smart phone growth in South Asia: Samsung Official
Mar 30, 2015 (LBO) – Korea’s Samsung says the smart phone market in South Asia is likely to grow more in the future with the increasing per capita income in the region. “There will be experiential growth in smart phone segment in South Asia driven by India, Sri Lanka, Nepal and Bangladesh,” Rajiv Mishra, vice […]
Facebook to focus on three themes in 2015: Zuckerberg
Mar 29, 2015 (LBO) – Facebook annual developer conference kicked off in San Francisco recently unleashed more than 25 products and tools to help its developers build, grow, and monetize mobile apps. The event attracted more than 2,500 developers around the world to build the next generation of apps. Facebook CEO Mark Zuckerberg delivering the […]
Sri Lanka to ease entry barriers for FDI: Ravi Karunanayake
Mar 28, 2015 (LBO) – Sri Lanka needs to ease foreign investment entry obstacles to attract more foreign direct investment, finance minister Ravi Karunanayake says.Karunanayake made this comment while delivering a keynote address at the 18th Asian Investment Conference organised by Credit Suisse. The conference is an exclusive business gathering in the Asia Pacific region […]
Sri Lanka new rulers to get Chinese support
Mar 28, 2015 (LBO) – Chinese Prime Minister Li Keqiang assured and pledged Chinese government’s fullest support to the new government of Sri Lanka, a media release said. “The Chinese Premier further said China does not have relationship with individuals of different countries, but it has a policy of developing bilateral ties with nations,” the […]
Ultra small computer by Intel; first look in Sri Lanka
Mar 27, 2015 (LBO) – Sri Lankan media on Thursday got a rare opportunity to experience a factory model of an ultra small computer design built by Intel Corporation which will be unleashed in the coming months. This pocket-sized computer called ‘Intel compute stick’ is a device delivering an entry compute experience by plugging directly […]
Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead
Mar 27, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB) and DFCC Bank says that they are still awaiting a decision from a committee appointed by the new government who are investigating all the consolidations which were done and pending under the previous regime. “We have made our submissions and as of today NDB […]
‘s micro-finance sector to access CRIB through a new regulation
Mar 27, 2015 (LBO) – Sri Lanka’s micro-finance industry is looking at developing a separate credit information database for their clientele with the help of the Credit Information Bureau (CRIB) of Sri Lanka. Yasitha Munasinghe, manager, Lanka Micro-finance Practitioners association (LMFPA) told LBO that the proposed micro-finance act will provide the necessary legality to be […]
Sri Lanka to connect Colombo Tea auction’s brokers and buyers through a mobile platform with live feeds
Mar 26, 2015 (LBO) – Sri Lanka to connect tea brokers and buyers, providing a mobile based live feed that delivers real-time information directly to tea buyers, by pushing sale information that is captured by tea brokers at each auction room, a media release said. The newly launched “mAuction”, a mobile solution for the Colombo […]
Sri Lanka’s Abans use new digital marketing application to promote LG smart phone
Mar 26, 2015 (LBO) – Sri Lanka’s Abans Limited, which has interests in consumer durables said they will market their LG smart phone using mobiOs MMM platform.Issuing a statement the company said, while traditional marketing is outside the store targeting consumers to build brand awareness, digital marketing allows marketers to deliver personalized content to shoppers […]
Sri Lanka hold talks with EU on GSP+ trade concessions
Mar 26, 2015 (LBO) – Sri Lanka are holding discussions on the retrieval of GSP Plus, a system granting tax free entry for the counties goods to the European Union market, the industry and commerce ministry said in a statement. The industry and commerce ministry said earlier this week in Colombo that the talks were […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said.“We want to develop the country but it has to be more green and environment friendly development,” Suren Batagoda, […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said. “We want to develop the country but it has to be more green and environment friendly development,” Suren […]