Category: Industry
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, […]
Sri Lanka Cricket captain Mathews resigns amidst losing streak
July 12, 2017 (LBO) – Sri Lanka Cricket captain Angelo Mathews has tendered his resignation amid the national team experiencing a losing streak. Sri Lanka Cricket today called a special press conference to announce the new positions. Dinesh Chandimal has been appointed as the new Test Captain while Upul Tharanga has been appointed as the […]
Odel plans USD106mn mixed development project in Sri Lanka
July 12, 2017 (LBO) – Odel Properties One (Private) Limited, a fully owned subsidiary of Odel, has entered into an agreement with Sri Lanka’s Board of Investment to set up a mixed development project. Odel said in a stock exchange filing that as per the agreement signed on 30th June 2017, the envisaged investment will […]
UNDP to help uplift local SMEs through National Trade Fair
July 11, 2017 (LBO) – The United Nations Development Programme (UNDP) Sri Lanka will organize Aadhayam 2017, a national trade fair, to help businesses expand and promote innovation, employment, skill development and local enterprise. Aadhayam 2017 will create a favorable platform for Sri Lankan small and medium sized enterprise to connect with larger markets and expand business […]
HNB rights issue will boost capital, credit positive: Moody’s
July 11, 2017 (LBO) – Hatton National Bank’s rights issue will boost their capital buffer well above the Basel III requirements that took effect in Sri Lanka on 1 July, which is credit positive, Moody’s said in a analysis. Last week, the bank received shareholder approval for a 15 billion rupees right issue and the […]