Category: Industry
Commercial Bank Dispenses Rs 21.54 billion in first 14 days of April
The Commercial Bank of Ceylon smashed itsrecords for cash dispensed via the Bank’s automated teller machine (ATM) network over a 14 day period this ‘Avurudu’ season, dispensing a jaw-dropping Rs 21.54 billion between 1stand 14thApril. On four of these 14 days, the 625-terminal network dispensed more than Rs 2 billion a day, with the peak […]
600 graduates of SriLankan Aviation College enter the world of aviation
600 young men and women qualified to embark upon rewarding careers in the international air transport industry at the graduation ceremony of the SriLankan Aviation College, one of Asia’s premier aviation academies, on Thursday (31st March) at the Bandaranaike Memorial International Conference Hall in Colombo. The SriLankan Aviation College is the academy of SriLankan Airlines […]
Nepali Himalaya Airlines commences flights to Sri Lanka
Apr 18, 2016 (LBO) – Himalaya Airlines, a Nepali-Chinese joint venture, commenced its aviation life last week with a flight to Colombo from Kathmandu. The flight was planned to coincide with New Year celebrations in both Sri Lanka and Nepal. “The flight intends to help promote tourism between Nepal and Sri Lanka and enhance people-to-people […]
SriLankan flight instructed to return to Singapore base
Apr 18,2016 (lLBO) – SriLankan Airlines flight UL 309 of April 14, 2016 was instructed to return to Changi International Airport due to security reasons soon after it was airborne to Colombo. The flight later arrived in Colombo at 0042 hrs on April 15, 2016 with a total delay of 3 hours. “Upon its return to Singapore, the airport […]
Lasith Malinga’s current status with MI
Sri Lanka Cricket wishes to respond to the concerns of the media with regards to Lasith Malinga’s current status with the Mumbai Indians. Lasith Malinga has not informed Sri Lanka Cricket of his travel to India, nor his intention to play for the IPL. There is no bar on Mr. Malinga travelling to, watching, or […]
Herath retires from T20I and ODIs – ‘I want to make room for fresh talent to be groomed’
Sri Lanka’s dependable veteran spinner Rangana Herath has announced his retirement from T20 and ODI cricket. In a letter addressed to Sri Lanka Cricket, Herath says he would like to concentrate on Test cricket – which has always been his personal passion. He went on to say “Every cricketer has to stop at the right […]
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 […]