Category: Industry
Hambantota International Port partners with NYK Japan
Oct 17, 2019 (LBO) – The Hambantota International Port Group (HIPG) has entered into a Terminal Service Agreement (TSA) with Japanese Shipping Conglomerate NYK, the first RoRo specific TSA entered into by the shipping line with a Sri Lankan Port. Nippon Yusen Kaisha (NYK), whose 130-year history runs parallel to that of its maritime nation, […]
EU-Sri Lanka dialogue addresses issues concerning European investments and achieving results
Oct 17, 2019 (LBO) – The Ministry of Development Strategies and International Trade hosted the 9th European Union – Sri Lanka investor dialogue, an instrument set up in 2017 to resolve issues faced by investors from the European Union operating in Sri Lanka under the Board of Investment. The high-level meeting, which promotes bilateral cooperation […]
DHL Global Forwarding Sri Lanka consolidates operations at DHL Logistics Park
Oct 17, 2019 (LBO) – DHL Global Forwarding Sri Lanka has moved to consolidate its operations and facilities in Colombo into a 225,000-square-foot logistics compound. Dubbed the “DHL Logistics Hub”, the compound comprises seven warehouses and the logistics company’s local head office and is strategically located in Negombo Road, Colombo just six kilometers from the […]
Travel Agents Association of India plans to host Annual Convention in Sri Lanka
Oct 16, 2019 (LBO) – Travel Agents Association of India (TAAI) is planning to host its Annual Convention in Sri Lanka later this year. Over 400 industry leaders and media delegates will be attending the annual sessions scheduled to be held from 11th to 13th November in Colombo. The decision to hold the TAAI Convention […]
LankaPay, JCB International announce commercial roll-out of National card scheme
Oct 16, 2019 (LBO) – LankaClear (Pvt) Limited, the operator of LankaPay, Sri Lanka’s National payment network, together with JCB International Co., Ltd. , the international operations subsidiary of JCB Co., Ltd., announced the commercial roll-out of National Card Scheme (NCS) programme of Sri Lanka, after successfully completing the pilot stage since the announcement of […]
Hemasiri Fernando retires from Chairmanship of People’s Leasing & Finance
Oct 15, 2019 (LBO) – Former Defence Secretary, Hemasiri Fernando has retired from the office of People’s Leasing & Finance with effect from 12 October 2019. People’s Leasing & Finance said in a stock exchange filing that the Non-Executive Non-Independent Chairman and Director, Hemasiri Fernando had no relevant interest in the shares of the company […]
SL calls for integrated , balanced approach for prevention of drug use and abuse
Oct 15, 2019 (LBO) – Sri Lanka has called for an integrated and balanced approach in the prevention of drug use and abuse, noting that tackling this issue requires both the reduction in supply and demand, as well as combating trafficking in narcotic drugs and psychotropic substances as well as treatment and rehabilitation of drug users. […]
SL should prepare implementable electricity generation plans: Nishan de Mel
Oct 15, 2019 (LBO) – Sri Lanka should prepare implementable and consistent electricity generation plans incorporating PESTAL factors, global trends and policy changes, without focusing only on the technical mix of the electricity generation, an economist said. “I think we misunderstand the problem of planning. We think that planning is simply an act of getting […]
Italian government to help Sri Lanka to build Solid Waste Power Plant
Oct 14, 2019 (LBO) – Italian ambassador to Sri Lanka, Rita Mannella says that the Italian government is ready to provide technical assistance and investment opportunities to generate electricity using the waste which is a growing issue in the country. The Ambassador said that Sri Lanka could face the growing demand for electricity in the […]
Slowdown of Indian economy to affect Colombo port earnings: CBSL Chief
Oct 14, 2019 (LBO) – Earnings of Sri Lanka’s main commercial port in Colombo is to be affected by the slowdown of the Indian economy, the Central Bank Governor Indrajit Coomaraswamy said. India’s economic growth slumped to a six-year low of 5 percent in the April-June quarter and, according to the Reserve Bank of India […]
LOT Polish Airlines to start direct flights from Poland to Sri Lanka
Oct 11, 2019 (LBO) – Sri Lankan Embassy in Oslo together with LOT Polish Airlines celebrated the commencement of LOT’s direct flights from Warsaw to Colombo. Accordingly, LOT will fly seasonally three times a week from November to March by Boeing 787-9 Dreamliners. The event was attended by diplomats, corporate partners, members of the travel […]
Sri Lanka business registrations can now be done from home
Oct 11, 2019 (LBO) – Opening a new chapter in Sri Lanka’s private sector development, incorporation of a new company is now possible from the comfort of one’s own home. “Name reservation of companies could be obtained online. Company registrations and incorporations could be done online and there is no need for physical attendance at […]