Category: Industry
Sky One residencies launched in Colombo
Sep 07, 2018 (LBO) – Sky-One residencies to be constructed on a land area of approximately 143 perches and due completion in 2021 was launched in Colombo, Thursday. Developed by Sandal Colombo (Pvt) Limited, a fully owned subsidiary of ZhongTian Ding Hui (Pvt) Ltd (ZTDH), the developers of THE ONE, the tallest skyscraper in South […]
Asoka Sirisena re-elected President of Sri Lanka Insurance Institute
Sept 06, 2018 (LBO) – Asoka Sirisena,senior deputy general manager, technical of Ceylinco Life Insurance Limited was re-elected as the President for 2018/2019 at the recently held annual general meeting of the Sri Lanka Insurance Institute (SLII). Asoka is a proud product of Maliyadeva Boys College, Kurunegala and counts over 25 years in the Life […]
Tourist arrivals to Sri Lanka up 5-pct in August with largest source from India
Sept 06, 2018 (LBO) – Tourist arrivals to Sri Lanka were up five percent to 200,359 in August 2018 from a year earlier, official data showed. This month, the largest source market for tourists is from India, followed by China and United Kingdom. Tourism Development Authority said almost 99 percent of tourists traveled by air to […]
Female founders introduce a solution to all parking problems at Disrupt Asia
Park and Pay was crowned the winner of Start-up battle at Disrupt Asia 2018, Sri Lanka’s Premier Start-up Conference and Innovation Festival, which took place on August 11, 2018 at the Trace – Expert City. The event, with participation of experts from different fields, promoted the innovation ecosystem which is a key pillar of Science, […]
Govt approves global Tourism Development Project; Awards contracts for digital advertising
Sept 06, 2018 (LBO) – Sri Lanka’s Cabinet of ministers have given the go ahead for a Global Level Tourism Development Project to promote tourism, a statement on approved cabinet decisions said. The proposal was put forward by Tourism Minister John Amaratunge. The Government also approved awarding contracts to carry out digital advertising programs to […]
Ishara Nanayakkara resigns from Seylan Bank Board
September 5, 2018 (LBO) – Controlling shareholder of listed Sri Lankan financial giant LOLC, Ishara Nanayakkara has resigned from the Board of Directors of Seylan Bank. Reasons given for the resignation, coming 3 months before his tenure was to expire, were increased business commitments and responsibilities.Nanayakkara is a material shareholder of the bank through LOLC […]
‘s says Sri Lankan banking system outlook is negative
Sept 05, 2018 (LBO) – Moody’s Investors Service says that the outlook for Sri Lanka’s banking system is negative, as the economy remains weak and asset quality is deteriorating. “The economy will only exhibit a modest rebound as the government’s high debt burden and reliance on foreign borrowings continue to limit public investment and pose the risk […]
Dhammika Perera resigns from Lanka Ceramic Director Board
Sept 05, 2018 (LBO) – Sri Lanka’s business magnate, Dhammika Perera has resigned from the Chairmanship and the Director Board of the Lanka Ceramic PLC with effect from 31 August 2018. The company said in a stock exchange filing that its Director Board has accepted the resignation letter tendered by Dhammika Perera.The company said A […]
Ronan Keating at Chena Huts by Uga Escapes
While Boyzone’s concert was building hype and highlight around the music enthusiasts of the country, the band member Ronan Keating has decided to enjoy the serenity of the island prior to the big event in Colombo.Ronan Keating has referred to Chena Huts by Uga Escapes as a “little piece of heaven” in his social media […]
Asanga Seneviratne selling Anilana Hotels (ALHP) shares
September 5, 2018 (LBO) – Famed stock market operator Asanga Seneviratne is selling some of his shares in CSE listed Anilana Hotels (ALHP).Asanga Seneviratne has on September 4th sold 300,000 shares at a price of Rs1.2/share. This information became public via a CSE disclosure released on September 6th.Initially an erroneous disclosure had said the shares […]
CSE flags irregular trading in shares of MTD Walkers (KAPI)
September 4, 2018 (LBO) – On August 31st, the Colombo Stock Exchange (CSE) has queried listed construction firm MTD Walkers (KAPI) on unusual trading in its shares.In a response to the CSE which was disclosed on the CSE website, the company responds to the CSE by saying that: “We write to confirm that the Company […]
Palm oil industry association launched to advocate sustainable growth in Sri Lanka
Sept 04, 2018 (LBO) – Sri Lanka’s Oil Palm industry has formally inaugurated an industry association under the aegis of the Ceylon Chamber of Commerce to promote common interests and advocate ‘Sustainable Growth through Responsible Production.’ Representing cultivators of oil palm, and refiners, processors, manufacturers, marketers and sellers of palm oil and other products of […]