Category: Industry
Asia Securities says S&P telecoms report on Sri Lanka unjustified
Sep 04,2015 (LBO) – Sri Lanka’s Asia Securities says it is bullish on the Sri Lanka telecommunication sector even though a recently released report by Standard & Poor’s ratings agency sees telecom regulatory risk in Sri Lanka as high. S&P highlighted that they see a high regulatory risk in Sri Lanka with regulatory disruptions such […]
‘s growing religious tourism market
Sep 4, 2015 (LBO) – Sri Lanka tourism promotion bureau said that it plans to tap China’s growing religious tourists as almost 85 percent of the people in China hold some religious belief or practice some kind of religion according to Chinese spiritual life survey conducted in 2012 by the Beijing-based Horizon Research Consultancy Group. […]
Sri Lanka Cricket Head Coach Marvan Atapattu resigns
Sep 03, 2015 (LBO) – Sri Lanka Cricket has accepted the resignation of Marvan Atapattu from the post of Head Coach of the Sri Lanka Cricket Team.“Sri Lanka Cricket thanks Atapattu for his efforts as Head Coach and Batting Coach of the Sri Lanka Cricket Team, and we wish him every success in all his […]
Sri Lanka joins Budapest Convention on Cybercrime
Sep 02, 2015 (LBO) – Sri Lanka has become a fully fledged member of the Budapest Convention on Cybercrime from this month, Council of Europe Treaty Office said.Sri Lanka is the first country in South Asia, and only the second in Asia after Japan, to join this Convention. The country ratified the convention on 29 […]
Dialog CEO says data pricing structures require correction: OBG
(From the Oxford Business Group) ** Data pricing structures would require correction in the face of voice to data conversion and emergence of OTTs, Hans Wijayasuriya, Group CEO, Dialog Axiata, says ** Sri Lanka, August 2015: The transformation of the telecoms industry in Sri Lanka will come in the form of accelerated data growth, emergence […]
Google launches new mobile friendly logo
Sep 02, 2015 (LBO) – Google unveiled a new logo for its core search services smoothing out some of the features in the letters that make up the well-known colourful logo spelling out its name, the company said in a blog report. The revamped logo is “simple, uncluttered, colorful, friendly” and represented the best of […]
Ceylon Motor Traders set standards for vehicle deals in Sri Lanka
Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the automobile industry. The ethics code includes 46 key proposals that are to be adhered to by 26 member firms of the association. The membership of the 95-year long association […]
Bharti Airtel says mulling opportunities in South Asia
Sept 01, 2015 (LBO) – India’s Bharti Airtel says the telecommunications company considers various options on a regular basis, amid media reports that it is looking to divest its Sri Lanka and Bangladesh operations.In a clarification to the Bombay Stock Exchange, Airtel said it evaluates various opportunities on an ongoing basis in ordinary course of […]
Coca Cola Sri Lanka license suspended until it addresses contamination: CEA
Aug 31, 2015 (LBO) – The environmental protection license of Coca Cola’s Sri Lanka unit will remain suspended until the company responds to an oil seepage into the Kelani river, an official of the Central Environmental Authority said. “Their operations are halted until they respond appropriately to the situation,” Sunil Udukula, the deputy director media […]
Time to focus on areas other than human rights: Mangala
Aug 31, 2015 (LBO) – Sri Lanka needs to focus on areas other than human rights in order to ensure long-term peace and stability, Foreign Minister Mangala Samaraweera said. Addressing diplomats based in Colombo recently, Samaraweera said the key to ensuring long-term peace and stability and preventing the recurrence of conflict is through strengthening the […]
UNDP, Dialog launch hackathon for social development
Aug 30, 2015 (LBO) – UNDP and Sri Lanka’s Dialog Ideamart have launched a social innovation “hackathon” to find solutions to development challenges in employment and enterprise, electronic waste management, and civic engagement.Around 250 people attended the “HackaDev: Impact through Innovation” event last week.The audience comprised of university students and developers studying IT, employees of […]
Brandix allocates Rs5 mn for each model village in CSR project
Aug 27, 2015 (LBO) – Sri Lankan apparel exporter Brandix says it plans to allocate five million rupees for each ‘model village’ it supports with improved water supply and sanitation facilities under its corporate social responsibility program.The villages are selected within a five kilometre radius of its factories, initially in Polonnaruwa. The program has contributed […]