Category: Industry
Sri Lanka Megapolis official resigns over Panama Papers scandal
Apr 12, 2016 (LBO) – Megapolis and Western Development Ministry today said Ministry Consultant Vidya Amarapala had decided to resign from his post to facilitate inquiry into the Panama Papers leaks. “The attention of the Megapolis and Western Development Ministry has been drawn to the listing of the name of Ministry Consultant Vidya Amarapala in the […]
‘s Kris
Apr 12, 2016 (LBO) – Disruption goes hand-in-hand with disintermediation and is a key feature that drives innovation, Kris Canekeratne of global IT outsourcing company Virtusa said. He was speaking at the well-attended LBR LBO Enterprise Summit 2016: Build Smarter Businesses with Smart Technologies or be Outsmarted, held in Colombo on Thursday. “What would life […]
Land for Sri Lanka Volkswagen assembly plant secured: BOI
Apr 11, 2016 (LBO) – Sri Lanka’s Board of Investment has helped to secure land for the setting up of a Volkswagen assembly plant, the investment promotion agency said. “Through the successful facilitation by Upul Jayasuriya, chairman of the Board of Investment of Sri Lanka and his officials, working closely with the Ministry of Lands, […]
Decisions under Sri Lanka’s Megapolis are ad-hoc: Prof Kumarage
Apr 08, 2016 (LBO) – Decisions and actions under Sri Lanka’s Megapolis have been ad-hoc and have not received sufficient debate and evaluation, a transport sector expert charged. Professor Amal Kumarage, a senior professor at Moratuwa University, speaking at a Verité Research seminar said the Megapolis initiative is based on unsustainable high-cost and long-term solutions. […]
Sri Lanka’s Janashakthi Insurance appoints Husein Esufally as Chairman
Apr 08, 2016 (LBO) – Sri Lanka’s Janashakthi Insurance announced the appointment of Husein Esufally, as the new Chairman of its Board, following the retirement of W. T. Ellawala, a statemet said. Esufally, prior to the appointment, held the position of Deputy Chairman of the Board of Janashakthi Insurance and its subsidiary Janashakthi General Insurance. […]
Public sector, access to services being transformed, says Sri Lanka ICTA official
Apr 08, 2016 (LBO) – Sri Lanka’s Information and Communication Technology Agency (ICTA) is deploying a wide range of initiatives to modernize the island’s laggard public sector and improve access to government services, an official said. Technology is being enhanced, from local government to ministries, while reams of data in pensions and social welfare programs […]
SriLankan Airlines launches new website with new features
SriLankan Airlines unveiled its newly revamped website www.srilankan.com with vastly improved features that are aimed at providing an enhanced customer service experience from the very first moment a person visits the site. SriLankan Airlines’ Chairman, Ajith Dias said, “Our new website with its advanced features is one of several initiatives which we have launched in […]
Prime Minister and delegation in China to enhance bilateral relations
April 07, 2016 (LBO) – Sri Lankan Prime Minister Ranil Wickremesinghe left for an official visit to China on Wednesday, the Foreign Ministry said. This is Wickremesinghe’s first visit as the prime minister to China since the government of President Maithripala Sirisena was formed in January last year. On the April 6-9 visit, he will […]
Shareholders approve Eden Hotel Lanka rights issue
Apr 06, 2016 (LBO) – Shareholders of Eden Hotel Lanka today approved a resolution on a rights issue of the company which aimed at repaying part of its outstanding debts. The leisure sector player Eden Hotel Lanka said the company is to issue 52.8 million new ordinary shares at 20 rupees each in the ratio of […]
Location, access to markets key for investors in Sri Lanka: CCC Survey
Apr 06, 2016 (LBO) – Sri Lanka is a unique business destination for foreign investors because of its strategic location and access to both east and west sea routes, a recent survey conducted by the Ceylon Chamber of Commerce found. The survey, conducted among the prospective investors who attended the Ceylon Chamber’s ‘Sri Lanka Investment and Business Conclave 2016’ held […]
WhatsApp activates encryption, support for old mobiles to end
Apr 06, 2016 (LBO) – Cross-platform messaging client WhatsApp who turned seven years old this week has enabled end-to-end encryption for users of its latest app. End-to-end encrypted messages can only be read by the intended recipients and from now on the encryption is automatically on by default. The idea is simple: when you send […]
Sri Lanka govt approves compensation for Rathupaswala victims
Apr 06, 2016 (LBO) – President Maithripala Sirisena has given his approval to provide 4.68 million rupees as compensation for 33 victims of Rathupaswala incident, a statement said. The President will present the compensation money to 24 persons, who are fully disabled or partially disabled or who are admitted to hospitals for treatment in the […]