Category: Industry
Ookla recognizes Mobitel as first Mobile 5G Network in South Asia with 1.55Gbps speed
Mobitel (Pvt) Ltd, the National Mobile Service Provider in Sri Lanka successfully reached the highest mobile 5G speeds for the first time in South Asia exceeding speeds of 1.55Gbps using a commercial 5G mobile smartphone on 7th June 2019. Following the demonstration of 5G Speed tests using a commercial 5G smartphone for the first time […]
‘s democracy
June 7, 2019 (LBO) – The truth is coming out. Dominating the news cycle in the last few days have been updates from hearings by the Parliamentary Select Committee (PSC) that is investigating Sri Lanka’s Easter Sunday terror attacks. So far four high profile figures have given riveting testimony under oath, and with access (however […]
Dutch tourists eager to visit Sri Lanka after relaxing Travel Advisory
Jun 07, 2019 (LBO) – The number of tourists from The Netherlands travelling to Sri Lanka has begun to pick up, following the relaxation of the travel advisory by the Dutch Government last Friday. In the aftermath of the Easter Sunday terrorist attacks in Sri Lanka on 21st April 2019, many countries, including The Netherlands […]
Unilever Global CEO Alan Jope makes official visit to Sri Lanka
Jun 07, 2019 (LBO) – Unilever’s Global CEO Alan Jope arrived in Sri Lanka on an official visit recently to review Unilever Sri Lanka’s operations and engage with employees of the organisation. Joining him was Sanjiv Mehta – Executive Vice President South Asia and CEO/MD of Hindustan Unilever Limited. The visit comes at a crucial […]
SriLankan named world’s most punctual airline
Jun 07, 2019 (LBO) – SriLankan Airlines has been named the world’s most punctual airline yet again, with 90.75 percent of its flights in May 2019 being ‘on-time’ throughout its route network, the company said in a statement yesterday. This is the second time in less than 12 months that SriLankan has achieved this milestone, […]
CB extends suspension on Pan Asia’s primary dealer unit
Jun 07, 2019 (LBO) – The Central Bank of Sri Lanka, acting in terms of the regulations made under the registered stock and securities ordinance and the local treasury bills ordinance, has decided to extend the suspension of business and activities of Pan Asia Bank’s primary dealer unit. The suspension has been extended by a […]
UK no longer advise against all but essential travel to Sri Lanka
Jun 06, 2019 (LBO) – The UK is no longer advising British travellers and tourists against all but essential travel to Sri Lanka. British High Commission said they have kept their travel advice under constant review since the Easter Sunday attacks, engaging closely with the Sri Lankan Government, the tourism industry and the police. “We […]
Dialog 5G Mobile Service shows South Asia’s fastest mobile speeds in excess of 1.4Gbps
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, showcased download speeds in excess of 1.4Gbps using a commercial 5G mobile handset, the highest speed that has been achieved via a mobile handset in South East Asia. Mobile 5G services were demonstrated on the 3.6Ghz trial spectrum that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) […]
Sri Lanka to obtain USD330Mn World Bank loan for climate mitigation
Jun 06, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved the implementation of phase 1 of a multi-phase program for mitigation of climate disadvantages. The proposal was presented by Mangala Samaraweera, Minister of Finance to hold loan negotiation discussions and enter into financial agreement with the International ank for Development and Reconstruction to implement […]
Sri Lanka tea prices down in May 2019
Jun 06, 2019 (LBO) – Sri Lanka’s tea prices or national average for May 2019 were down to 51.69 rupees vis-à-vis May 2018 with medium and low growns showing the biggest deficit, a report shows. “In first 5 months of year, prices show a decrease of 41.64 compared to 2018,” Forbes and Walker Tea Brokers […]
Additional lanes for entry & exit ramp of Ja-Ela interchange to ease congestion
Jun 05, 2019 (LBO) – Cabinet approval has been granted to award the contract for the construction of additional lanes at the entry and exit ramp of Ja-Ela interchange to RR Construction Private Limited for a sum of 285.4 million rupees. There are currently two lanes at each of the entry and exit ramps for […]
SriLankan Airlines, official airline partner of Melbourne’s Great Ocean Road Running Festival
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance continuing to establish its brand presence in Australia, became the official airline partner of the Great Ocean Road Running Festival, recently. The Airline was also the title sponsor of the much sought after 6 km race of the Festival. Known […]