Category: Industry
First Session of political consultations between Sri Lanka and Turkey concludes in Colombo
May 13, 2019 (LBO) – The first session of political consultations between Sri Lanka and Turkey with a new road map for enhanced cooperation in prioritized sectors between the two nations was concluded recently. In order to further consolidate this engagement, a bilateral legal framework will be formalized to generate mutually beneficial outcomes in the […]
‘s pay tops $ 18mn
May 12, 2019 (LBO) – Shemara Wikramanayake, CEO of global investment bank Macquarie, earned over $18mn in the last fiscal year. Her total annual renumeration makes her one of the highest paid executives in Australia. The disclosure of her compensation came out as the company she leads reported earnings of $3bn for the year. https://www.afr.com/business/banking-and-finance/the-eight-macquarie-bosses-paid-more-than-27-000-a-day-20190503-p51jue […]
Sri Lanka discusses partnership modalities for proposed Oil Refinery with Oman
May 08, 2019 (LBO) – Sri Lankan government has carried out discussions with the Omani counterparts on the possible modalities of strategic partnership in the proposed Greenfield Oil Refinery to be established in Hambantota. The BOI said in a statement that Ministers Malik Samarawickrama, Kabir Hashim and Rishad Bathiudeen and the Chairman of BOI Mangala Yapa […]
Govt announces debt relief for tourism sector
May 08, 2019 (LBO) – Sri Lanka’s government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry affected by the Easter Sunday attacks. “The Central Bank is now in the process of issuing circulars in this regard to banks,” State Minister for Finance Eran Wickramaratne told reporters in […]
Sri Lanka to invest Rs.450Mn in Tourism PR campaign after attacks
May 08, 2019 (LBO) – Sri Lanka Tourism is due to launch a two-month public relations campaign in a bid to counter the negative impact from the Easter Sunday attacks. Kishu Gomes, head of Sri Lanka Tourism said the campaign will be handled by a specialist global agency and will be an investment 450 million rupees. […]
Sri Lanka allows duty free import of security equipment
May 08, 2019 (LBO) – State Minister of Finance Eran Wickramaratne announced the Government has decided to waive of duty on the import of of latest security equipment.“This is a decision taken to help not only travel and tourism but State institutions, private sector, schools and hospitals so that they can strengthen their security after the attacks,” he […]
SriLankan appoints new Chief Commercial Officer & Chief Financial Officer
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, has appointed Mr. Joshua Bustos as its Chief Commercial Officer and Mr. Shaminda Samaraweera as its Chief Financial Officer with effect from April this year. Mr. Bustos is an internationally experienced senior level airline executive with over 20 years […]
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) – SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial officer with effect from April this year. Bustos is an internationally experienced senior level airline executive with over 20 years of experience. He has held several key positions in leading organizations including American […]
Update: Foreign national casualties at Apr 21st attacks in Sri Lanka
May 07, 2019 (LBO) – The death toll of foreign nationals killed in the Easter Sunday attacks as of Monday, 06 May 2019 1900 hours has been confirmed as 44, the Ministry of Foreign Affairs said. The fatalities were: one (01) from Bangladesh, six (06) from China, eleven (11) from India (10 Indian nationals and […]
Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct
May 07, 2019 (LBO) – Sri Lanka’s tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show. However, a growth of 2.2 percent was shown in the 1st quarter compared to 2018. The total number of international tourist arrivals to Sri Lanka during April 2019 was 166,975.In comparison to April […]
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its distribution centers and freeport to support day-to-day operations. Through this move to automate repetitive processes across its portfolio, the country’s most dynamic supply chain […]
‘s ordinary technology, US politicians exaggerated its role: Huawei
May 06, 2019 (LBO) – Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, whilst United States politicians have exaggerated its role, only to call people’s attention to the 5G technology. “There is basically no Huawei equipment in the US networks. If networks are […]