Category: Industry
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) – Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, instead of a temporary solution. Sharing an office space used to be seen as little more than a short-term answer for start-ups on a budget or entrepreneurs seeking company. However, of the […]
BOI facilitates Japanese investors at meeting with Japanese chamber of commerce and industry
The Board of Investment of Sri Lanka hosted the annual Japan-Sri Lanka Government Private Sector Joint Forum for existing Japanese Companies based in Sri Lanka and operating projects under the BOI regime. This is the 8th such Forum where the BOI is hosting Japanese enterprises. The Forum is an ongoing process whereby Japanese investors […]
Sri Lanka approves funds for reservoirs and Southern roads
Jun 08, 2016 (LBO) – Sri Lanka’s cabinet has approved several reservoir and road development projects including the lower MalwathuOya reservoir and roads under the Southern transport projects. “The proposed lower MalwathuOya reservoir project will directly benefit people in Anuradhapura, Vavuniya, and Mannar districts and will facilitate 12,425 hectares of land under the Yoda Wewa and […]
World Bank downgrades 2016 global growth to 2.4-pct
June 08, 2016 (LBO) – The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January, a statement said. “The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows,” the bank said issuing a […]
‘s longest Rajagiriya overhead bridge work commences
June 08, 2016 (LBO) – Construction work on Sri Lanka’s Rajagiriya overhead bridge was inaugurated on Monday by Harsha de Silva, the deputy minister of foreign affairs, and Lakshman Kiriella, minister of higher education and highways. The 534-metre long, four-lane bridge will be the longest in the country, and the first phase of the project […]
Commercial Bank begins new series of entrepreneurship programmes for women
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their importance to the national economy. The programme conducted in Matara in collaboration with the National Enterprises Development Authority (NEDA) was attended by more than 100 women entrepreneurs who are involved in micro, […]
Sri Lanka tourist arrivals up 10 pct in May, Europe leads
June 07, 2016 (LBO) – Tourist arrivals to Sri Lanka rose 10 percent in May to 125,044 visitors compared with the same month last year, official data showed. Arrivals during the first five months of the year were up 18.4 percent to 846,229 visitors, compared with the same period last year. April, May and June […]
Designer swimwear show to be held at Colombo Port
June 07, 2016 (LBO) – Colombo Fashion Week will showcase the latest trends in swimwear from June 24-26 at the ECT Terminal of the Colombo Port, organizers said. In collaboration with swimwear manufacturer Linea Aqua, the Swim Week Colombo will feature 14 Sri Lankan and international designers on the runway. “Swim Week Colombo is conceptualized […]
Sri Lanka’s Hemas Holdings March net profit down 3.5-pct
June 07, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare has posted a shareholder profit of 744 million rupees in the March 2016 quarter, down 3.5 percent from a year earlier, interim accounts showed. The group reported basic earnings of 1.30 rupees per share for the quarter against […]
Sri Lanka’s needs to replace traditional workplace with new strategies: JLL
techJun 06, 2016 (LBO) – Sri Lanka should be developing new workplace strategies and new workplace methods soon to cater to changing trends, Jones Lang LaSalle (JLL), a global real estate company, said in a report. “The era of using desktop computers, having a permanent workstation, individual landlines, and making copious print-outs is likely to […]
SriLankan Airlines enters codeshare deal with Qatar Airways
June 06, 2016 (LBO) – Members of oneworld alliance Qatar Airways and SriLankan Airlines have strengthened their cooperation with a new bilateral codeshare relationship which will offer customers additional convenience and flexibility. Qatar Airways said in a statement that both airlines will codeshare on each other’s operations between their hubs – Qatar Airways’ thrice daily […]
Sri Lanka’s LOLC March net up 46-pct amid growing incomes
June 03, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for the March quarter rose 46 percent to 2.3 billion rupees. The group reported earnings per share of 4.83 rupees for the quarter up from 3.31 from a year earlier and the […]