Category: Industry
Sri Lanka’s ICT export sector revenue to hit US $ 1 bn in 2015: Minister
Mar 20, 2015 (LBO) – Sri Lanka’s ICT exports are projected to top one billion US dollars this year while the sector has grown at 123 per cent in the last five years, Minister of Industry and Commerce said.“Sri Lanka has launched an ICT value survey to find the national hi-tech exports it achieved in […]
Sri Lanka new political setting makes bank consolidation uncertain: Rating agency
Mar 18, 2015 (LBO) -The recent change in Sri Lanka’s political setting adds to uncertainty over the fate of the earlier administration’s policies related to economic reforms, monetary policy, and banking sector consolidation, the Standard & Poor rating services said in a report published yesterday. The statement by Standard & Poor rating reproduced below:- The […]
India’s PM Modi says plans are not only to address problems but to look opportunities in Sri Lanka
Mar 13, 2015 (LBO) – Sri Lanka should be visited regularly by India as neighbors and collaborate in developing economic cooperation in both countries in order to get the advantage of ocean economy, Prime Minister of India Narendra Modi said at a gathering in Colombo. “This is how it should be between neighbours. We should […]
Lanka IOC and CPC agrees to develop Trinco upper oil tank farm
Mar 13, 2015 (LBO) – Lanka IOC and Ceylon Petroleum Corporation have agreed to develop the upper oil tank farm of the China Bay installation in the Trincomalee, addressing a gathering at the presidential secretariat Indian Prime Minister Narendra Modi said.The modality of the project which will be carried upon on mutually agreed terms is […]
India’s TATA housing rejects allegations and reiterates commitment to the Slave Island Project: statement
Mar 13, 2015 (LBO) – India’s Tata Housing has rejected allegations raised against it by the Sri Lankan Government over a housing project at Slave Island in a statement. They said that these kind of allegations will adversely impact confidence of other overseas companies to make future investments in Sri Lanka. “We are expressing deep […]
‘s real estate sector shows no sign of a bubble: industry professional
Mar 12, 2015 (LBO) – Sri Lanka’s real estate sector is not in danger of reaching a property bubble as it is still growing at a faster pace than the economy and is showing signs of continuing to do so, a real estate professional says. Since 2005 the island real estate market has grown from […]
’s real estate sector shows no sign of a bubble: industry professional
Mar 12, 2015 (LBO) – Sri Lanka’s real estate sector is not in danger of reaching a property bubble as it is still growing at a faster pace than the economy and is showing signs of continuing to do so, a real estate professional says.Since 2005 the island real estate market has grown from 7.6 […]
Indian fisherman
Mar 12, 2015 (LBO) – Sri Lanka’s government said in a statement 86 fishermen will be release back to India to correspond with Prime Minister Narendra Modi’s visit to the island, tomorrow.India’s Prime Minister Narendra Modi will visit Sri Lanka on a three day tour commencing 13th March. His visit will be the first visit […]
MacBook
Mar 12, 2015 (LBO) – PC giant Apple recently launched its thinnest Mac ever made under the name of ‘MacBook’ despite consumer sentiments growing up against the all in one dynamic port of the new device.The USB-C port which limits input and output signals to a single port became the center of criticism as consumers […]
60+
Mar 11, 2015 (LBO) – Sri Lanka’s state banks have extended the 15 percent senior citizens interest rate scheme for new fixed deposits of up to one million rupees amid quarries from dissatisfied elders. Even though the scheme has been extended, general manager of bank of Ceylon D.M Gunasekara said that banks will consider only […]
Sri Lanka should re-position itself as the original “Sapphire Hub”: Official
Mar 10, 2015 (LBO) – Sri Lanka’s blue sapphire should be re positioned to its original “Sapphire hub” status by creating global awareness through value addition, a senior official said. “Sri Lanka lays claim to over 70 coloured gemstones out of 200 found globally including the best blue sapphire of the world, but are we […]
Sri Lanka tourist arrivals up 16.7-pct
Mar 09, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 16.7 percent to 165,541 in February 2015 from a year earlier with a surge in tourist arrivals from China, data from the state tourism promotion office showed. In the past two months of 2015 tourist arrivals were up 11.6 percent to 321,787. Arrivals from China […]