Category: Industry
Colombo’s CICT port extends services for new shipping lines
Apr 04, 2016 (LBO) – Sri Lanka’s International Container Terminals (CICT) has expanded its services for new shipping lines, the Ports Authority said. As the first step, the terminal has allowed Taiwan-based Interasia lines to start cargo operations in the port of Colombo. The Ports Authority said ‘Interasia lines’ expects to use Colombo Port as […]
Indonesia grants visa-free facility to Sri Lanka, other countries
Apr 04, 2016 (LBO) – Indonesia has granted visa-free facility to 169 countries including Sri Lanka under a new visa regulation. Indonesian President Joko Widodo has signed Presidential Regulation concerning Visit Visa Exemption early last month adding 79 countries to the list. Indonesian immigration office said passport holders of these countries are exempt for having […]
11 super luxury vessels called at Colombo Port last month
Apr 04, 2016 (LBO) – The number of passenger vessels calling at the Port of Colombo has increased with 11 super luxury passenger vessels calling at the passenger and other terminals during March 2016, the Ports Authority said. Among them were MV Cosalam Inosa, MV Costa Neoriviera, MV Island Sky, MV Rotterdam, MV Pacific Princess, […]
‘s capital
Apr 04, 2016 (LBO) – Sri Lanka’s Ekroma Realtors, a privately owned real estate developer, unveiled plans for an apartment complex targeting young professionals and families who need the convenience of city living in a central location. “We saw that there was scope for growth in the in luxury and modern living market and there were […]
Sri Lanka to formulate 25 year electricity sector master plan with JICA
Apr 04, 2016 (LBO) – Sri Lanka is planning to develop a comprehensive electricity sector master plan of 25 years for the generation, transmission and distribution development for the whole country with JICA support. The project will cover the consideration of new technical challenges which Ceylon Electricity Board as an implementing organization may face by […]
Virtusa rolls out ‘Future Architects’ Program
Apr 04, 2016 (LBO) – Virtusa Corporation, a global business consulting and IT outsourcing company, announced the ‘Future Architects’ program with the aim of enhancing the skills of their senior consultants and enabling them to make the transition. The role of a software architect today stretches beyond core technical activities to being a strategic, business oriented consultant, the […]
Fitch warns rising exposure to microfinance by non-bank financial institutions
Apr 01, 2016 (LBO) – Rising exposure to microfinance at Sri Lankan non-bank financial institutions (NBFIs) could pose a risk to their credit profiles, says Fitch Ratings. The exposure among Fitch-rated NBFIs stood at just 4 percent of total loans of these entities as recently as March 2014. But this had increased to 27 percent […]
Sri Lanka’s SAGT bags 4th place in world terminal productivity rankings
Mar 31, 2016 (LBO) – Sri Lanka’s first private container terminal operator South Asia Gateway Terminals has been ranked as the 4th in the world for Terminal Productivity and number 1 in South Asia by the Journal of Commerce, USA. The Ports Authority said SAGT’s berth productivity performance of 113 container moves per hour and an […]
Chatbots and artificial intelligence is our future, says Microsoft CEO
March 31, 2016 (LBO) – The worlds future will be chatbots, machine learning and artificial intelligence, Microsoft Chief Executive, Satya Nadella said kicking off the company’s Build developers conference. “Bots are the new apps,” Nadella was quoted as saying on USA Today during keynote address at the Microsoft BUILD developers conference in San Francisco. People-to-people conversations, people-to-digital assistants, […]
Microimage takes HR into a Digital Era at HCM 2016
Mar 31, 2016 (LBO) – “Disrupt or be disrupted” was the key message delivered by Harsha Purasinghe at a Microimage HCM event, held on Wednesday. He urged his audience of industry CEOs and HR Managers to face challenges that are changing the way businesses must operate, at which point he unveiled the groundbreaking Microimage HCM […]
Foxconn buys controlling stake in Sharp Corporation
Mar 31, 2016 (LBO) – Foxconn Technology Group, a Taiwanese multinational electronics manufacturing company, yesterday acquired a controlling stake in Japanese multinational Sharp Corporation. The 389 billion yen (3.4 billion dollar) deal will give Foxconn Group a 66 percent stake in Sharp and this will be the largest acquisition by a foreign company in Japan’s […]
Sri Lanka technology pioneers to speak at “LBR LBO Enterprise Summit 2016”
Mar 31, 2016 (LBO) – Despite being a developing country, Sri Lanka has created a number of technology leaders and innovators of international repute. When we consider that basic infrastructure is lacking in some parts of the island, this is a contradiction. And yet, Sri Lankans are familiar with this contradiction. Pioneers such as Kris […]