Category: Industry
SriLankan Airlines & Gulf Air ink codeshare agreement
Dec 18, 2019 (LBO) – SriLankan Airlines and Gulf Air, the national carrier of the Kingdom of Bahrain have entered into a codeshare partnership significantly enhancing the travel options of their respective customers. Under this agreement, SriLankan Airlines will place its ‘UL’ code on Gulf Air’s flights from Bahrain to Colombo, the Greek capital Athens […]
Opinion: Gender dimension of remittances to Sri Lanka: Who remits more?
Bilesha Weeraratne Remittances are often considered a stable and a reliable source of development financing. In 2018, remittances to Sri Lanka totaled to USD 7.015 billion. At the macro level, the contribution of remittances to the Sri Lankan economy is immense. In 2018, remittances accounted for 7.8 % of the GDP, and could cover 59% […]
Sri Lanka’s tallest A-grade office complex, MAGA ONE achieves full occupancy
Dec 18, 2019 (LBO) – MAGA ONE, Sri Lanka’s tallest A-grade office complex developed by the country’s largest construction company, Maga Engineering, has reached full occupancy within its first year of operations. According to the company, the building is now home to multinational giants such as Chevron, Pearson, AkzoNobel, Wiley Global, and Wabtec Corporation, together […]
Uber launches two new safety features in Sri Lanka
Dec 17, 2019 (LBO) – Uber, the world’s largest mobility platform, announced two new safety features, Two-way Phone Anonymisation and Driving Hour Limits, as a part of their ‘Safety Never Stops’ campaign in Colombo. Two-way Phone Anonymisation, a new technology, will improve the way riders and driver partners connect and communicate with each other. With […]
Singapore fashion platform buys Lankan software firm nCinga for USD15.5mn
Dec 17, 2019 (LBO) – Singapore-based fashion platform Zilingo has acquired Sri Lanka-based software-as-a-service (SaaS) firm nCinga Innovations for 15.5 million dollars in cash and stock, marking one of the largest tech exits in Sri Lanka in recent times, foreign media reported. nCinga, which is backed by Sri Lanka and Singapore-based venture capital firm BOV […]
Chandani Werapitiya appointed new DG of SLTDA
Dec 17, 2019 (LBO) – Chandani Werapitiya, a senior banking professional, lecturer, global speaker and a panelist in international forums with 32+ years’ experience has been appointed as the new Director-General of Sri Lanka Tourism Development Authority (SLTDA). Before joining SLTDA, she served as the senior deputy general manager of People’s Bank, alternate Board Director […]
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) – Sri Lanka’s overview activities in the economy improved post presidential election driven by positive sentiments from the local investors, a rating agency said. “Bourse saw gains especially in manufacturing, trading, power & energy, and beverage, food, & tobacco sectors,” ICRA Lanka Limited, subsidiary of ICRA limited, a group company of Moody’s […]
Ashok Pathirage appointed SriLankan Airlines Chairman
Dec 17, 2019 (LBO) – Top businessman Ashok Pathirage has been appointed as the new Chairman of SriLankan Airlines Limited. He is the founder of the diversified Softlogic Group and the Chairman and Managing Director of Softlogic Holdings. SriLankan Airlines Board which comes under the purview of the Ministry of Tourism and Aviation is expected […]
‘s AHASA ONE Sky Bridge to connect two towers with pools & sun deck on top
Dec 16, 2019 (LBO) – The first of its kind in South Asia, AHASA ONE Sky Bridge is the most distinctive feature of the iconic Sapphire Residences and ITC One hotel complex. According to Sapphire Residences, this bridge will have two infinity pools and a sun deck on top; inside the structure will be a […]
SriLankan adds 18 more destinations through codeshare with Qatar Airways
Dec 16, 2019 (LBO) – SriLankan Airlines is adding 18 more new cities in Europe, North America, South America, and the Middle East through the expansion of its codeshare agreement with its oneworld partner Qatar Airways, bringing its global route network to 127 destinations in 56 countries. SriLankan passengers would have new options via Qatar’s […]
Tax reduction allows Sri Lankan traders to import wheat flour instead of wheat grain
Dec 16, 2019 (LBO) – Sri Lanka’s government has removed the consolidated Tax of 36 rupees per kilogram of imported wheat flour and replaced it with the Special Commodity Levy (SCL) of 8 rupees per kilogram. This Special Commodity Levy will come into effect from December 14th through a special Gazette notification issued by Prime […]
Google Trends 2019: Easter bombings trigger Americans to search where is Sri Lanka
Dec 16, 2019 (LBO) – Sri Lanka topped the ‘Year in Search 2019’ list of the Google search in the ‘Where is’ category beating the Superbowl venue this year and Area 51. According to Google Trends 2019 published recently, the interest over time for the keyword ‘Where is Sri Lanka’ spiked in the week of […]