Category: Industry
LBR LBO Summit to focus on brand innovation in the digital age
Jul 04, 2016 (LBO) – Sri Lanka’s leading digital strategists and regional thought leaders will take the stage at the 2016 edition of “LBR LBO Brand Summit,” themed “Building Winning Brands in the Digital Age and Strategy Innovation” Lanka Business Online, LBO, will be hosting the annual LBR LBO Brand Summit on Tuesday 12 July […]
Sri Lanka’s first National Coop Policy & Coop Act in the offing
As Sri Lanka’s third economic force reported total value close to $ 3 Bn, it is set to enter the next stage of development with a variety of support measures from the government –including a National Cooperative Act, a Coop policy and the third cooperative university in South Asia set up in Sri Lanka. “We […]
Sri Lanka Ports Authority profit rises along with debt
July 04, 2016 (LBO) – Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months of the year, the mid-year fiscal report of the Finance Ministry said. Revenue increased by 8.5 percent to 14 billion rupees during this period. However, outstanding borrowings increased, and SLPA […]
CEB posts Rs5.8 bln operating loss in first four months of 2016
July 01, 2016 (LBO) – Sri Lanka’s state-owned Ceylon Electricity Board has recorded an operating loss of 5,781 million rupees in the first four months of 2016 compared to the profit of 1,837 million rupees recorded in the same period last year. As per the mid-year fiscal position report, cost per unit without Tax has […]
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different currencies other than Sri Lankan rupees. These transactions can be carried out between accounts maintained under a customers own namein eight major currencies including […]
Japan provides Rs2.4bn aid for Sri Lanka’s maritime safety
July 01, 2016 (LBO) – The Japanese government has granted 1,830 million Japanese Yen (Rs2.4bn) to Sri Lanka for the implementation of a maritime safety capability improvement project. The project aims to contribute to the improvement of the maritime safety capability of Sri Lanka Coast Guard by enabling them to procure two petrol vessels to […]
Hans Wijayasuriya wins outstanding Asia mobile contribution award
July 01, 2016 (LBO) – Hans Wijayasuriya, group CEO of Axiata Dialog and the regional CEO for South Asia, Axiata Group, has won the Outstanding Contribution to the Asian Mobile Industry Award given by GSMA. “The award recognises sustained or extraordinary contributions by individuals, organisations or collaborative achievements that advance the value and benefits of […]
CICT launches country’s first mobile app to track movement of containers
A new level of convenience and sophistication has been introduced to keeping track of containerised cargo by Colombo International Container Terminals (CICT) with the launch of a mobile app for the purpose. A first for Sri Lanka’s port industry, CICT’s ‘eZPort’ app for smartphone users can be downloaded free from the App Store or Android […]
Cabinet approves emergency response centre for new ambulance service
June 29, 2016 (LBO) – The cabinet of ministers has approved a proposal to set up an emergency response centre with 1990 toll free number for the earlier proposed pre- hospital care ambulance service. Earlier this year, the Health Ministry with the participation of GVK EMRI institute in India proposed to establish a pre- hospital […]
Cabinet approves construction of LRT after JICA feasibility study
June 29, 2016 (LBO) – The cabinet nod has been given to obtain JICA assistance to conduct a feasibility study and immediately commence the construction of light rail transit system in the western region of Sri Lanka. The proposed system will be put up along the Colombo Fort – Kollupitiya – Bambalapitiya – Union Place […]
Millennium Challenge Corp looks at Sri Lanka for fund program
June 29, 2016 (LBO) – The Millennium Challenge Corporation (MCC) is currently evaluating Sri Lanka for a threshold program that can potentially unlock millions of dollars in additional assistance to facilitate economic reforms that can boost growth and create jobs. US Ambassador Atul Keshap speaking at the 177th AGM of the Ceylon Chamber of Commerce […]
Samantha Ranatunga to head CCC for second consecutive year
June 29, 2016 (LBO) – Shareholders of the Ceylon Chamber of Commerce reappointed Samantha Ranatunga as its Chairperson for a second consecutive year. The Ceylon Chamber of Commerce held its 177th Annual General yesterday at the Cinnamon Grand Hotel in Colombo. The chief guest of the occasion was Atul Keshap, US Ambassador to Sri Lanka […]