Category: Industry
LankaPropertyWeb sets up new Property Centre
Jan 08, 2020 (LBO) – Following over a decade of successful operation of helping people find, sell and rent property in Sri Lanka, LankaPropertyWeb.com which has become the most popular place for properties along with House.lk started a new chapter in its journey by establishing a ‘Property Centre (PC)’ in Colombo. In a prime location […]
Cinnamon FOT keynote speaker features Sri Lanka on CNN Business Traveller
Jan 08, 2020 (LBO) – CNN’s foremost international business correspondent and presenter Richard Quest will feature Sri Lanka in the newest edition of CNN Business Traveller. The programme will be aired on January 8th at 14:00 IST (Premiere) (followed by repeat telecasts on Thursday, 8th January at 2300 IST, Saturday, 11th January at 1200 IST, Sunday, 12th January at 0100 IST / 1700 IST, Saturday, 18th January […]
Opinion: Tobacco smoking in Sri Lanka, going the last mile
Chathurga Karunanayake and Chamini Thilanka Despite multiple measures by successive governments to bring down tobacco prevalence in Sri Lanka, still more than one in four males use tobacco. Reducing smoking prevalence is also identified as one of the concerns in the manifesto of the newly elected president of Sri Lanka.This blog argues that bringing down […]
Sri Lanka achieves 1.9Mn revised tourists arrival target for 2019: SLTDA
Jan 07, 2020 (LBO) – Despite 2019 being a tough year for the tourism industry, Sri Lanka has achieved the revised tourists’ arrival target for 2019 which stands at 1,913,702 as of 31st December. It is a decline of 18 percent from 2018 when 2,333,796 of tourists had visited the country during the same period, […]
SriLankan Airlines crowned ‘Leading International Airline of 2019’
Jan 07, 2020 (LBO) – SriLankan Airlines, the largest carrier into the Maldives, won the coveted title of ‘Leading International Airline of 2019’ at the MATATO Travel Awards in the Maldives, polling the most number of votes from the travelling public ahead of many of the world’s best reputed airlines. The Maldives Travel Awards is […]
Hong Kong based CMPort expands its global footprint in terminal operations
China Merchants Port Holdings (CMPort) and French Container Shipping Company, CMA CGM, entered into the Master Agreement which will see their jointly-owned business, Terminal Link, acquire an interest in 10 terminals owned by CMA CGM for $955 million. The terminals are Odessa Terminal (Ukraine), CMA CGM PSA Lion Terminal (CPLT) (Singapore), Mundra Terminal (India), Kingston […]
Mobitel offers attractive data plans for YouTube, Facebook and WhatsApp
Understanding the rapid demand for videos, Mobitel has announced the launch of its latest proposition, offering both Pre-Paid and Post-Paid customers to stream YouTube videos limitlessly for as low as Rs 249 per month. With this new offer, Mobitel Customers can now watch their favorite Movies, TV Shows, documentaries and listen to songs by simply […]
Stern actions against discrimination of domestic tourists – SLTDA
Jan 06, 2020 (LBO) – Sri Lanka Tourism Development Authority (SLDA) cautions the licensed establishments which adopt discriminatory practices against local tourists with ‘foreigners only’ policy with stern actions. “Several complaints have been made by domestic tourists stating that they are not allowed to enter certain restaurants and hotels in the areas of Hikkaduwa and […]
‘Manufacturing in 2020: Connecting machines to networks and companies to end-consumers’
Antony Bourne – President- IFS Industries While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive changes will be those which manufacturers can and should make for themselves. Many of these manufacturers are already taking advantage of technologies like the Internet of Things (IoT) and as we head into […]
57-pct of Sri Lankans unwilling to pay higher food bill to protect local industry – Advocata Survey
A survey commissioned by the Advocata Institute in April 2019 revealed that 57% of Sri Lankans were unwilling to pay extra for food, even if it meant that the local agricultural industry would be protected. This survey covered 855 respondents in 18 districts within 8 provinces in Sri Lanka. The demographic variables considered were age, […]
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) – Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, a new report showed. Packeted tea has shown a growth YOY, whilst bulk tea has remained static, Forbes and Walker Tea Brokers said in their monthly report. […]
Inland Revenue Dept. issues the list of VAT registration deactivated persons
Jan 01, 2020 (LBO) – Sri Lanka’s Inland Revenue Department has published the complete list of persons & businesses whose taxable supply has never exceeded 75 million rupees for any taxable period ended prior to 31 December 2019. Such inactivated persons are not permitted to collect VAT on the supplies made on or after today […]