Category: Industry
Sri Lanka’s BOC appoints acting GM following suspension of D.M.Gunasekera
Apr 07, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon has appointed P.J. Jayasinghe, the Deputy General Manager, support services of the bank as an Acting General Manager,bank sources revealed.A source said that Jayasinghe reported to work in his new capacity today.The appointment followed the suspension of the bank’s General Manager, D.M.Gunasekera. The […]
Sri Lankan Airlines risk passenger safety with poor pilot training standards
Apr 07, 2015 (LBO) – Sri Lankan Airlines has scared passengers away by recruiting cadet pilots who repeatedly failed entrance tests, a government minister said.“Those who failed the required exams were eventually recruited on verbal requests from the airlines former management.” Education minister Akila Viraj Kariyawasam told reporters Tuesday.The board of inquiry (BoI) headed by […]
Sri Lanka will uphold ban on illegal Indian fishermen, Rs.1 bn loss daily: Minister
Apr 07, 2015 (LBO) – Sri Lanka’s is losing one billion rupees daily due to illegal fishing by Indian fishermen in Island’s Northern waters,Minister of fisheries said.The new regime also plans to strongly uphold its ban on foreigners fishing in the Indian Ocean Island’s waters.“During recent discussions with Indian fishermen, they asked for 83 days […]
‘s Pakistan visit a testimony of strong bonds:Nawaz Sharif
Apr 07, 2015 (LBO) – Sri Lankan President Maithripala Sirisena’s visit to Pakistan is a testimony to the strong bonds of friendship between the two countries, Pakistani Prime Minister Nawaz Sharif had said addressing a joint press conference on Monday, a statement said.Sirisena visited Pakistan starting 5th April for a three day tour, in order […]
Sri Lanka’s new regime calls for PPPs to develop wind and solar energy sector
Apr 07, 2015 (LBO) – Sri Lanka’s private sector participation is needed for the Island’s energy sector to further explore and develop the wind and solar energy in the country, an official said. “The theoretical potential is there in wind and solar, but we (government) need your (private sector) help to convert this to technical […]
Sri Lanka‘s MAS lingerie brand Amante launches its new collection
Apr 06, 2015 (LBO) –Sri Lanka’s, MAS lingerie brand Amante launched its newest collection recently, embracing the shades, contrast details and extravagant prints in vogue this season. The new Sunburst collection –which features prints, contrast piping details and two-tone laces with aquamarine and sunflower yellow as strong accent colours – comes in five styles: Tropical […]
Sri Lanka’s energy minister says no new coal power plants in the future
Apr 06, 2015 (LBO) – Sri Lanka’s power and energy minister says the country expects to run its power plants using gas and does not expect to make any new investments into coal power generating plants.“We will run our power stations that is Kerawalapitiya and also Kelanitissa using gas and we will not install any […]
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 […]