Category: Industry
‘s rooftop solar power project
Sept 19, 2018 (LBO) – The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the Asian Development Bank for the rooftop solar power generation project. The main objective of this project is to support government’s “Battle for Solar Power Programme” to achieve […]
SLASSCOM launches program with Uni of Colombo for data science and AI
Sept 18, 2018 (LBO) – The Center for Data Science, Department of Statistics, University of Colombo will launch a training program in fundamentals of data science, establishing it as the third pillar within Sri Lanka’s ICT Exports. The course fee of this program is subsidized through the National Export Strategy (NES) initiatives through the Export Development […]
‘s real-estate
Sept 18. 2018 (LBO) – Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka’s luxury/semi luxury and affordable real-estate projects. “We want to deploy an additional fund of US 50 million dollars in Sri Lanka’s real-estate market and are looking at two major verticals,” Rohan Parikh, Managing Director, Iconic […]
Sri Lanka Govt. cuts VAT on imported fabric by 5-pct
Sept 18, 2018 (LBO) – Sri Lanka’s Finance Ministry issuing a gazette amended the Value Added Tax (VAT) act further to reduce the VAT on imported fabric to 5 percent in a bid to help small scale industrialists under the enterprise Sri Lanka scheme.“The Minister of Finance and Mass Media MangalaSamaraweera considering the requests made […]
Lankapak 2018 concludes with Rs.10Mn initiatives launched to boost SME packaging
Sept 17, 2018 (LBO) – Sri Lanka’s Lankapak 2018 concluded over the week-end with strong Indian participation and 10 million rupees initiatives launched to boost SME packaging, competitiveness in the island. “Printing and packaging are important elements in branding Sri Lanka to the global markets, especially for our SMEs striving for international markets,” said Rishad Bathiudeen, minister of industry and […]
‘s Colombo port
Sept 17, 2018 (LBO) – The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern vessels is owned by the best Cruise Liner Company Viking Cruise Lines of Norway. With operational headquarters in Basel, Switzerland, Viking currently operates a […]
Unilever and UNDP handover PPP policy paper to President’s secretary
Sept 17, 2018 (LBO) – Outlining plans to support Sri Lanka in achieving the Sustainable Development Goals, Unilever Sri Lanka and United Nations Development Programme (UNDP) handed over a policy action paper for the promotion of public private partnerships for sustainable development to the secretary to President. The policy paper highlights the immediate next steps that […]
Sri Lanka needs to move from buyer to producer driven production : Harsha
Sept 14, 2018 (LBO) – Sri Lanka must diversify exports and shift to making more complex, high-value products, Harsha de Silva, state minister of National Policies and Economic Affairs said. “It is not possible for us to carry on growth if we do not make a turnaround; we have to change the way we do business. […]
Use technologies already have before aiming for Blockchain: CDO of MAS Holdings
Sept 13, 2018 (LBO) – Sri Lankan companies should use technologies that are already available in the Mainstream before aiming for technologies like blockchain, Chief Digital Officer of MAS Holdings said.Speaking at the Economic Summit 2018 about transforming into the digital economy, CDO of MAS Holdings, Jehan Mutaliph told the gathering not to get caught […]
Balancing China and India partnerships and diversifying exports key for Sri Lanka
Sept 13, 2018 (LBO) – Sri Lanka needs to balance geopolitical partnerships while also managing several other key aspects of its economy like structural weaknesses, limited export performance, constrained public finances and regulatory barriers to investment, Arun Kumar, chairman and chief executive of KPMG India said. So what are the aspects that to be considered?, […]
Janashakthi PLC acquires 31-pct stake in Dunamis Capital
Sept 13, 2018 (LBO) – Janashakthi PLC acquired 31.14 percent in Dunamis Capital PLC, Dunamis Capital said in a stock exchange filing. Accordingly, a total of 38,294,562 ordinary shares in Dunamis Capital has been purchased at a price of 36.60 rupees per share. Janashakthi PLC now owns a total of 50,595,736 shares in Dunamis representing […]
Sri Lanka industrial index up 1.1-pct in July 2018
Sept 13, 2018 (LBO) – Sri Lanka’s industrial production index grew by 1.1 percent to 105.9 from an year ago, data from the Census and Statistics Department shows.The Index of Industrial Production recorded a value of 104.8 in 2017 July. Food production grew 0.1 percent in July to 103.6 index points from a year earlier.Apparel […]