Category: Industry
SriLankan Airlines commissions new Global Contact Centre
Sept 08, 2016 (LBO) – SriLankan Airlines said it has launched a 24-hour Global Contact Centre which will further enhance levels of service for all its worldwide customers and members of its frequent flyer programme. Ajith Dias, Chairman of SriLankan Airlines, said: “We have sharply enhanced our focus on the needs of our customers as […]
Walkers Piling commences Sri Lanka’s first sea piling project
Sept 08, 2016 (LBO) – Sri Lanka’s Walkers Piling, a subsidiary of MTD Walkers, announced that they have commenced work on Sri Lanka’s first sea piling project at the Mutuwal Harbour. The piling work is being carried out to enable the installation of a state of the art Shiplift and Transfer System at the Mutuwal […]
Emirates extends Facebook competition in Sri Lanka
(PRESS RELEASE) – Emirates has announced an extension of its competition currently on Facebook exclusively for fans in Sri Lanka, to enable more people to participate and stand a chance to win an exciting visit to Dubai. The competition invites participants to tell Emirates in 35 words or less, why they want to visit Dubai. […]
Sri Lanka approves building expressway from Kurunegala to Dambulla
Sept 08, 2016 (LBO) – Sri Lanka’s cabinet has approved the construction of the central expressway from Kurunegala to Dambulla with funds from Exim Bank of China. This 60 kilometer long section of the central expressway has been identified as a project to be carried out under the ‘Awakening Rajarata’ Development Programme. A cabinet decision […]
Opinion: Big banks exploit countries like Sri Lanka, probe finds
Sept 07, 2016 (LBO) – Big banks have turned to the powerful worldwide legal system and commandeered it for profit, exploiting countries like Sri Lanka in the process, according to a Buzzfeed probe. In 2006, big international banks presented officials who ran Sri Lanka’s state oil venture with a way to hedge against further price […]
Sri Lanka tourist arrivals up 11.8-pct in Aug 2016, China tops India
Sep 07, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 11.8 percent in August to 186,288 visitors compared with the same month last year, official data show. Arrivals during the first eight months of the year were up 16 percent to 1,359,906 visitors. China continued it’s upward trend in August for a second consecutive […]
Sri Lanka minimum wage for migrant workers to increase to USD300
Sept 06, 2016 (LBO) – Sri Lanka’s Foreign Employment Bureau is to increase the minimum wage of migrant workers to 300 US dollars per month from January 2017. Foreign Employment Minister Thalatha Athukorala told a meeting that the ministry is currently holding discussions with several countries to raise the minimum wage. “We have already signed […]
Advantis extends port side logistics support to USS Frank Cable
Sept 06, 2016 (LBO) – Advantis Marine, the marine services arm of Hayleys Advantis Limited, said it has offered end-to-end port side logistics support to the USS Frank Cable (AS-40) submarine tender vessel during its recent refueling and port visit to Sri Lanka. Advantis provided all port agency and husbandry services to the vessel while […]
Uber launches cash payment for rides in Sri Lanka
Sep 06, 2016 (LBO) – Uber, the smartphone app that connects riders to drivers, has launched cash payments as an option in Colombo giving users options to choose between credit or debit cards or cash when paying. “We know that cash is still the dominant payment option for people around the world, especially in emerging […]
Sri Lanka seals USD100mn credit from World Bank for economic reforms
Sep 05, 2016 (LBO) – Sri Lanka signed a 100 million US dollar credit from the International Development Association (IDA), an arm of the World Bank, today to support economic reforms in the island. “This program will support the Sri Lankan Government’s commitment to unleash the potential of Sri Lankan enterprises to grow, become more […]
Sri Lanka to remove barriers for entrepot trade: Finance Minister
Sept 05, 2016 (LBO) – Sri Lanka’s Finance Minister says the government expects more foreign investment that would promote export oriented business inclusive of entrepot trade. Speaking at the ninth session of the Ease of Doing Business forum, Minister Ravi Karunanayake said Sri Lanka wants foreign debt to be replaced by investment which is the […]
Lanka IOC mulls expanding Trinco bunkering operations
Sept 01, 2016 (LBO) – Sri Lanka’s IOC, a subsidiary of Indian Oil Corporation, is to expand their existing bunkering operations at Trinco port as the prospects for this business line are promising, particularly given the strategic positioning of the port and its significant potential for growth, the company said. Trincomalee is the world’s 5th […]