Category: Industry
CM Port pays final tranche of USD584Mn for Hambantota Port
Jun 20, 2018 (LBO) – Sri Lanka’s government has received the final tranche of investment value for Hambantota Port concession from China Merchant Port Holdings Limited (CM Port), Wednesday. “This third and final tranche of US 584,194,800 dollars follows the 1st, a 2nd tranches released in December last year and January 2018,” the Sri Lanka […]
Hotel show Colombo 2018: Celebrating its 20th edition
The 20th edition of the Hotel Show Colombo 2018 – organized by the Ceylon Hotel School Graduates Association (CHSGA) together with event partner CDC Events, returns from 20th – 22nd July 2018 to the BMICH. It will be supported by both the Government and private sector related establishments. For the first time in Sri Lanka, […]
Sri Lanka Fin Min calls on professionals to step up and pay their taxes
Jun 20, 2018 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera called on professionals like doctors, lawyers, tuition masters, architects and others to come forward and pay their taxes. “Our doctors, lawyers, tuition masters, architects have been funded by taxpayers money through free education,” the Minister said in Colombo Tuesday. “It is only fair that they […]
‘s charges : Fin Min
Jun 20, 2018 (LBO) – Sri Lanka’s cabinet has decided to remove the value added tax from a range of medical charges in private hospitals in a bid to reduce the health care cost of the people, the Finance Minister said. “VAT on the out patient department (OPD) charges, doctors consultation fees, channeling fees and surgeries […]
Colombo Stock Exchange decides to delist Kalpitiya Beach Resort
June 19, 2018 (LBO) – Board of Directors of the Colombo Stock Exchange has decided to delist the securities of Kalpitiya Beach Resort subject to the approval of the Securities and Exchange Commission.In an announcement, Colombo Stock Exchange said the decision to delist the company is based on the following reasons.1. The shareholders of the […]
Sri Lanka to introduce new type of petrol for Motorcycles, Three Wheelers
June 19, 2018 (LBO) – Sri Lanka’s Petroleum Ministry is looking at introducing a new type of petrol for Motorcycles and Three Wheelers giving the consumers an economic relief. Petroleum Minister Arjuna Ranatunga says the required tests to introduce this new type of petrol are now being conducted successfully. “We were compelled to increase fuel […]
Avian Technologies receives Dell EMC Gold Partner status
One of the leading IT solutions providers in Sri Lanka, Avian Technologies announced that the Company has received the Dell EMC Gold Partner’ status, awarded to companies that record commendable achievements in terms of revenue generation and attaining certification. The EMC Gold Partner status enables Avian Technologies to reinforce the confidence that customers have already […]
LankaPropertyWeb.com eases the hassle of buying and selling property
Today’s busy lifestyle hastaken away the luxury of time to attend to all that entails a property transaction. This includes countless amounts of paperwork, finding lawyers and valuers, spending a day at government institutions to pay stamp duties,and consultbanksto fill in forms to applyfor a housing loan. LankaPropertyWeb’snew Buyer and Seller Assistance portal removes this […]
Sri Lanka GDP grows by 3.2-pct in Q1 2018
Jun 19, 2018 (LBO) – Sri Lanka’s Gross Domestic Product (GDP) grew 3.2 percent in the first quarter of 2018 with positive growth recorded in the agriculture sub sector, official data from the Census and Statistics showed. The GDP at constant (2010) prices for the first quarter of 2018 recorded as 2, 223,856 million rupees, and GDP reported […]
SriLankan requests passengers to arrive airport 4 hrs prior to departure time
June 18, 2018 (LBO) – SriLankan Airlines has requested all passengers, to arrive at the Bandaranaike International Airport four hours prior to their departure time effective from today. The airline said this is mainly due to a series of renovation work expected to commence shortly at the emigration counter areas at the departure terminal of […]
LBOTv : Innomantra India sees immense opportunity for innovation with Sri Lanka
As the digital economy brings large and small companies together, smaller countries in Asia like Sri Lanka can become the drivers of innovation, India’s leading innovation and intellectual property consulting firm Innomantra says. Speaking to LBO Tv Managing Director and Chief Executive Officer of Innomantra Consulting, Lokesh Venkataswamy said that Sri Lanka is a land […]
LBOTv : Innomantra India sees immense opportunity for innovation with Sri Lanka
As the digital economy brings large and small companies together, smaller countries in Asia like Sri Lanka can become the drivers of innovation, India’s leading innovation and intellectual property consulting firm Innomantra says. Speaking to LBO Tv Managing Director and Chief Executive Officer of Innomantra Consulting, Lokesh Venkataswamy said that Sri Lanka is a land […]