Category: Industry
Atlas celebrates 60: Takes action against hate campaign on social media
Jul 05, 2019 (LBO) – Atlas Axillia Co., a Sri Lankan owned and operated company celebrated its 60th anniversary with a number of initiatives focused on enriching the lives of children in the country. Asitha Samaraweera, Managing Director of Atlas speaking to mark the occassion said for the past 60 years the company has been […]
Improving macro stability, lower yields may strengthen equity returns: First Capital
July 05, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as economic activities were seen returning to normalcy while removal of travel advisories was faster than anticipated, First Capital said in their latest equity strategy. The research firm believes that the […]
Land prices surrounding LRT up 129-pct: Minister
Jul 04, 2019 (LBO) – Land prices in and around Malabe have increased up to 129 percent following the announcement and launch of Sri Lanka’s light rail project, a senior minister said. “Since the project was announced, land prices in Malabe and surrounding areas have increased by 129 percent,” Champika Ranawaka, minister Megapolis and Western […]
Govt. nod for cable cars in hills
Jul 04, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved a cable car project in Nuwara Eliya, a statement said. The project will run from Nanuoya, in the islands central hills to Gregary Lake through Single Tree Mountain, a statement on cabinet decisions said. “Outdoor Engineering Lanka Pvt.Ltd. and its foreign Partner Dopelme […]
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) – The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city’s transpotation system. The Ministry of Megapolis and Western Development launched the project in the presence of Prime Minister Ranil Wickremesinghe, yesterday in Colombo. The construction work is due to commence […]
Youth Co:Lab promotes Technopreneurship in Sri Lanka
UNDP and Citi Foundation join forces to promote youth entrepreneurship in Sri Lanka through its flagship initiative – Youth Co:Lab Technopreneurship for Social Change Programme. This programme, which is currently in its third year, is supported by the National Youth Services Council and Cisco Systems Inc. Youth Co-Lab, Co-created in 2017 by UNDP and the […]
Ceylon Chamber calls for more transparency on SOFA & MCC
July 03, 2019 (LBO) – Ceylon Chamber requests the Government of Sri Lanka to clarify the exact position with regards to the current status of the proposed Status of Forces Agreement (SOFA), and the Millennium Challenge Corporation (MCC) Agreement negotiations and execution. Releasing a statement, the chamber said a commitment to transparency by all parties […]
Sri Lanka tourist arrivals picking up; 66-pct increase in June from May
July 03, 2019 (LBO) – Tourist arrivals to Sri Lanka increased by 66 percent in the month of June 2019 from the previous month, the latest data from the Tourism Ministry showed. The total number of international tourist arrivals to Sri Lanka during June was 63,072, up from 37,802 reported in May just after the […]
SriLankan aims Rs75mn annual cost saving by moving back-office functions to Katunayake
July 03, 2019 (LBO) – The Board and Management of SriLankan Airlines have taken a decision to relocate all its corporate offices in the World Trade Centre to its main operational hub in Katunayake. The Management of SriLankan Airlines emphasized that it is business as usual for all their customers as none of the key […]
Lonely Planet affirms Sri Lanka as the best country to visit in 2019
July 03, 2019 (LBO) – Sri Lanka secured the top spot in the Lonely Planet’s best travel destinations list of countries to visit in 2019 despite the recent Easter Sunday attacks. The country has been upset, but continues to be an incredible place to visit and it still tops our Best in Travel for 2019, […]
CSE and SEC reach out to investor community in Jaffna
Jul 03, 2019 (LBO) – The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) recently organized a regional investor forum in Jaffna with the aim of creating awareness on stock market investments. The forum drew an encouraging response and attracted over 180 participants, including a number of present and […]
Sri Lanka – Germany fast track dialogue to assist investors and tourism
Jul 03, 2019 (LBO) – The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International Trade with the objective of addressing central issues faced by German enterprises operating in Sri Lanka under the BOI as well as facilitate new investments. Malik Samarawickrama, minister of Development Strategies […]