Category: Industry
Sri Lanka extends deadline for exchange of mutilated currency notes
Jan 01, 2018 (LBO) – Sri Lanka’s Central Bank said it had decided to extend the time period for the exchange of currency notes at Licensed Commercial Banks (LCBs ) up to 31 March 2018. The bank made the decision after members of the public revealed their difficulties in exchanging wilfully defaced currency notes at LCBs and […]
Sri Lanka Ports Authority to modernize Jaya Container Terminal
July 19, 2017 (LBO) – Cabinet nod has been received to modernize the Jaya Container Terminal (JCT) of the Sri Lanka Ports Authority in order to improve the capacity of the terminal. Ports and Shipping Minister Mahinda Samarasinghe said that this will be phase V of the renovation of the terminal which will allow the […]
‘s sharing economy is on the rise
July 19, 2017 (LBO) – More than 500 billion dollars worth of transactions were carried out in China’s sharing economy last year, which could grow to 10 percent of China’s GDP by 2020, according to a report from the country’s State Information Center. “The sharing economy is only as strong as it is in China […]
LAUGFS to set up cylinder manufacturing plant in Bangladesh
July 17, 2017 (LBO) – LAUGFS Gas Bangladesh, part of the diversified Sri Lankan multinational LAUGFS Holdings, said it is planning to set up a cylinder manufacturing plant in Bangladesh. LAUGFS Gas Bangladesh currently operates a world-class LPG import, bottling and distribution facility in Mongla Port, the company said. It serves domestic and industrial segments […]
Sri Lanka prepares for 7th session of FTA talks with China
July 17, 2017 (LBO) – Sri Lanka is preparing for a seventh session of talks with China on a Free Trade Agreement, the Ministry of Industry and Commerce said. Minister Rishad Bathiudeen, speaking at the product exhibition by China’s Guangxi Zuang Autonomous Region at SLECC in Colombo, said FTA talks with China were progressing smoothly. […]
Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad Shahidul Haque told the media in Dhaka on Friday. “Prime Minister Sheikh Hasina and President Maithripala Sirisena decided to sign the deal in 2017 and asked that negotiations and studies be […]
SriLankan adds direct-dial support for Chinese travelers
July 14, 2017 (LBO) – SriLankan Airlines has launched a local direct-dial number for the airline’s Chinese customers which will connect them directly with Mandarin-speaking customer service staff at its Global Contact Centre. The airline said customers within China can dial 0400 120 1979 and Mandarin-speaking agents will be available from 3.30 p.m. to 10.30p.m. […]
SOM Winner of the Port City Design Idea Competition Awarded
Press Release: Skidmore, Owings & Merrill (SOM), one of the world’s largest architecture, interior design, engineering and urban planning firms, who was judged the winner of the International Conceptual Urban Design Idea Competition for the Financial District and Marina of the Colombo Port City was awarded at a ceremony recently held at the Cinnamon Grand, […]
Sri Lankan Supreme Court petitioned to stop building steel houses for IDPs
By P.K.Balachandran Tamil National Alliance (TNA) MP for Jaffna District, M.A.Sumanthiran, on Thursday filed a Fundamental Rights petition in the Supreme Court to stop a government project to build 65,000 pre-fabricated steel houses for people displaced by war in the Northern and Eastern Provinces. The respondents in the case are the Minister for Resettlement and […]
Swim Week Colombo promotes green conscious fashion
Swim Week Colombo, presented by Olu tropical water, which concluded its 3rd edition with a new position of Green Conscious and Earth Sensitive set the tone for the future direction of the fashion industry in Sri Lanka and in the region. Swim Week Colombo is a comprehensive fashion industry platform that focuses on swimwear, Resortwear […]
Sri Lanka named Asia’s leading destination at World Travel Awards
July 14, 2017 (LBO) – Sri Lanka Tourism clinched two top awards at the World Travel Awards Ceremony held in the Maldives last week — competing among 47 countries in Asia, Sri Lanka bagged ‘Asia’s Leading Destination’ and ‘Asia’s Leading Adventure Tourism Destination. ’ The awards were received by Managing Director, Sri Lanka Tourism Promotion […]
Sri Lanka to go ahead with LNG plants from India, Japan
July 12, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to issue letters of intent to build two LNG power plants in the island. These two plants, which will generate 500MW each, is to be carried out by India and Japan, a cabinet decision said without revealing details. In April this year, […]