Category: Industry
Ornamental Fish Exports +17% in 2014; Highest ROI In Export Sector
Jun 04, 2015 (LBO) – Sri Lanka’s ornamental fish exports has grown 17 percent in 2014 with the sector showing the highest return on investment in the country’s exports, a senior official said in a statement.“The ornamental fish sector has a great promise for exports growth,” Bandula Egodage, Chairman, Export Development Board said in a […]
Ceylinco Insurance Separates General And Life Businesses
June 03, 2015 (LBO) – Sri Lanka’s Ceylinco Insurance said that it separated its insurance business to continue as two different entities- Ceylinco Life Insurance and Ceylinco General Insurance. The company said in a filing to CSE that this decision was taken in keeping with section 53 of the regulation of the insurance industry (amended) […]
Windows 10 to be released July 29; Microsoft reveals pricing structure
June 03, 2015 (LBO) – Washington based software giant Microsoft said its next major operating system release; Windows 10 will become available from 29 July 2015.Windows 7 and 8 licensed users will be available to download Windows 10 as a free product for a year after its initial release.Licensed users can reserve an upgrade from […]
Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO
June 3, 2015 (LBO) – Sri Lanka’s state run airline needs to think out of the box to keep up with rapidly changing industry trends, the new Chief Executive of the national carrier, SriLankan Airlines said.“Discerning customer expectations have started revolving around the unique and innovative airline and aviation related products that service-providers have to […]
Sri Lanka to provide air facilities to concur Asian tourist arrivals: Minister
Jun 01, 2015 (LBO) – Sri Lanka increase tourist arrivals from the Asia – Pacific region through bi-lateral aviation agreements, a Minister said. “There has been a significant improvement in the tourist arrivals in the past few years and a notable increase in the Asia-Pasific region,” Reginald Cooray, Minister of Aviation said.“We anticipate that this […]
Sri Lanka’s exports decreases marginally, Imports down: Central Bank
June 02, 2015 (LBO) –Sri Lanka’s exports earnings declined marginally by 0.9 per cent, year-on-year, to 1,060 million US dollars in March 2015, led by tea followed by precious metals and textiles and garments exports, the Central bank said. Sri Lanka reported 1,070 million US dollars of exports in March 2014, the highest monthly earnings […]
Sri Lanka’s National Development Bank subordinated debentures rated A+(lka): Fitch Ratings
Jun, 01, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank proposed subordinated debentures of up to 10 billion rupees a final National Long-Term Rating of ‘A+(lka)’. Full statement follows Fitch Ratings Lanka has assigned National Development Bank PLC’s (NDB; AA-(lka)/Stable) proposed subordinated debentures of up to LKR10bn a final National […]
Sri Lanka’s telcos should provide high speed broadband infrastructure to face digital era: Dialog Chief
June 01, 2015 (LBO) – Sri Lanka’s telecom operators should provide high speed broadband infrastructure to cope up with the emerging digital era in the world and provide more network sharing to cut operating costs, Dialog Chief Executive Hans Wijayasuriya told shareholders in the annual report.“Structural transformation and industry profitability telecommunications operator’s world over, along […]
Sri Lanka appoints committee to look into Chinese port city continuation
May 31, 2015 (LBO) – Sri Lanka’s government plans to appoint a committee to consider the ability of permitting the continuation of the controversial Chinese funded project, after correcting the lapses and procedures, Cabinet Spokesman Rajitha Senarathne said.The proposal was made by Prime Minister Ranil Wickramasinghe in his capacity as the Minister of policy planning […]
FIFA President Blatter re-elected to a fifth term despite corruption allegations
May 30, 2015 (LBO) – Incumbent FIFA President Joseph S.Blatter was re-elected for a fifth term of office by the 65th FIFA Congress held in Zurich Friday. The election results came amid a major bribery scandal being investigated against him by US and Swiss that pushed soccer’s governing body into the worst crisis in its […]
Google to stop sending free SMS notifications from Google calendar
May 30, 2015 (LBO) – Google has announced that they are discontinuing their free SMS notification service from Google Calendar starting 27 June 2015. “SMS notifications launched before smartphones were available. Now, in a world with smartphones and notifications, you can get richer, more reliable experiences on your mobile device, even offline.” Google said. To […]
Sri Lanka to probe highway corruption
May 29, 2015 (LBO) –Sri Lanka’s new rulers plan to establish a corruption investigation unit in the field of highways to probe any defects in administrative,technical,financial and other procedures that would cause a major loss to the government as the former regime has invested a lot in the field of highways. The proposal was made […]