Category: Industry
Ceylon Chamber organizes awareness session on exporting to US under GSP
The Ceylon Chamber will be organizing an awareness session on “Exporting to the United States under the Generalized System of Preferences: New Trends and Opportunities”. The U.S. is Sri Lanka’s largest single export destination, accounting for 26% of total exports in 2018. At present approximately 3500 products from Sri Lanka are eligible to access the […]
Japanese investor reiterates confidence in Sri Lanka
Jun 12, 2019 (LBO) – President of Tosslec Co. Ltd, Kyoto, Japan Jitsuo Mikasa, a Japanese investor has reaffirmed that his company would continue to invest in Sri Lanka without any break or disruption. Tosslec Co. Ltd’s subsidiary Tos Lanka Co.(Pvt) Ltd has been in operation in the Biyagama Export Processing Zone since 1995 and […]
Employee group opposes alleged privatisation of profitable Litro Gas
Jun 12, 2019 (LBO) – The Litro Surakime Jathika Ekamuthuwa (LSJE) or Litro Surakeeme National Unity, a newly formed employee union, has intensified its agitation against the Finance Minister and other connected parties’ move to privatise Litro Gas Lanka Ltd. by filing a case in the Court of Appeal. The case was filed following a […]
Disregarded Failures of African Exploration
The exploration of Africa by the British is a level that has been told clip and again, ofttimes in irksome point. We suffer shelves wide-cut of biographies of noted explorers ilk David Livingstone and H Morton Stanley, on with myriad over-the-counter books on the matter. These tales of escapade constantly end in the hero’s victorious […]
Sri Lanka petrol price raised to Rs138 per ltr
Jun 11, 2019 (LBO) – Sri Lanka’s government will increased the price of 92 Octane petrol by three rupees to 138 rupees for a litre from midnight yesterday. The price revision was done under a pricing formula introduced by the Finance Ministry in 2018. Prices of three other fuels remained unchanged, according to a statement. […]
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 […]