Category: Industry
Sri Lanka Govt gives Cabinet nod to increase subsidy for rubber planting
Aug 23, 2018 (LBO) – Sri Lanka’s cabinet of Ministers has given the go ahead for increasing subsidies given to farmers for planting rubber in a bid to increase productivity in the industry, a statement said. The subsidy for new planting will be doubled to 300,000 rupees a hectare and the subsidy for replanting will […]
New Executive Director at Lakshman Kadirgamar Institute (LKI)
August 22, 2018 (LBO) – Dr. Ganeshan Wignaraja has been appointed as the new Executive Director of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI). The institute is Sri Lanka’s premier think tank, named after Sri Lanka’s long time Tamil Foreign Minister who was assassinated by the LTTE. Official statement follows: “LKI’s […]
Mobitel partners first-ever ‘YouTube Open Mic Night’ in Sri Lanka
Mobitel was the Official Telecommunication Partner for the first-ever ‘YouTube Open Mic Night’ in Sri Lanka held at the Shangri-a – Colombo recently.Considering that this is YouTube’s first event in the country, the occasion witnessed the presence of YouTube celebrities, content creators, YouTube influencers, enthusiasts, brand ambassadors and social media buffs under one roof along […]
New country branding for Sri Lanka Tourism to be unveiled in November
Aug 21, 2018 (LBO) – Sri Lanka Tourism’s the new country branding will be unveiled at the World Travel Mart (WTM) in London in November 2018. Ministry of Tourism Development said they are now in the process of selecting a global branding agency for this purpose. The full statement issued by the Minister of Tourism Development, John […]
” weak 1Q results reflect seasonality: Fitch Ratings
Aug 21, 2018 (LBO) – Fitch Ratings said the weakness in Sri Lanka-based diversified conglomerate Hemas Holdings first-quarter financial results is temporary and is mainly due to the cash flow seasonality of its new school stationary business.The agency expects Hemas’ performance to improve during the remainder of the fiscal year to end 31 March 2019 […]
Melstacorp to enter into health care industry in Sri Lanka
Aug 21, 2018 (LBO) – Melstacorp is to enter into the healthcare industry in Sri Lanka shortly through the subsidiaries incorporated to undertake such activities, the company said in a stock exchange filing. This would involve management of hospitals, operating diagnostics centers and involvement in related healthcare institutions as and when the opportunity arises. Diversified […]
eChannelling launches its digital services at District Hospitals in Sri Lanka
Aug 21, 2018 (LBO) – A Fully-owned subsidiary of Sri Lanka Telecom, e-Channelling PLC recently launched its service at Ampara General Hospital marking it as the first district Hospital in Sri Lanka to have the service. The company said the facility will be launched islandwide in the future as a national endeavor to revolutionize the healthcare […]
Office space demand and long term optimism for apartments to drive real-estate market
Aug 21, 2018 (LBO) – It is clear that Sri Lanka has enjoyed a sustained growth in the supply of high-end luxury apartments.By 2016 and when calculated the number of developments that have been approved or are currently under construction, then the number of units will top 14,000 by 2020, the 2018 Research Intelligence Unit […]
Hirdaramani completes 1st stage of long-term Solar Panel Project
Celebrating 10 years since the opening of its flagship green facility Mihila, Asia’s first CarbonNeutral® Apparel factory, The Hirdaramani group this month is again paving the way with the installation of the largest Rooftop Solar installation in the Apparel Sector in Sri Lanka.The installations are part of the Suryadhanavi – meaning ‘generated from the sun’ […]
Altair sponsors RCGC Open Golf tournament for 2ndsuccessive year
The best of Sri Lanka’s amateur and professional golfing talent will vie for the title of the country’s champion golfer when the 2018 edition of the RCGC Open tees off in partnership with Altair on 28th August. The tournament, taking place for only the second time in two decades, was revived last year after a […]
LAUGFS Gas Partners with Colombo City Centre as its exclusive LPG service provider
LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets. With the development of Sri Lanka’s first Board of Investment (BOI) approved mixed-use development project, LAUGFS Gas, the only private sector energy player in the local LPG market, recently announced a […]
Cochin International Airport closure extended until August 26
Aug 17, 2018 (LBO) – SriLankan Airlines said they introduced a series of measures to mitigate inconvenience to its passengers from the closure of Cochin International Airport due to flooding. On Thursday Cochin Airport authorities announced that they were extending the airport’s closure until 26th August. “SriLankan is offering passengers booked to travel from Cochin […]