Category: Industry
Sri Lanka needs 6 months to fix issues before signing ETCA: Professionals
Mar 30, 2016 (LBO) – Sri Lanka should work towards a national trade policy within which ETCA should be framed with all required regulatory framework and national interests in place, Sri Lanka’s Engineers Association said. Engineer Nanda Gunawardena speaking at a recent seminar asked the government to delay the signing of ETCA until a proper […]
Virtusa, Hitachi enters into strategic partnership to offer disruptive business solutions
Mar 30, 2016 (LBO) – Virtusa Corporation, a global business consulting and IT outsourcing company and Hitachi Limited announced yesterday that they have agreed on a global strategic partnership. Hitachi and Virtusa will leverage their core competencies, industry IT solutions and leadership to provide joint services to their global clients and the broader market. They […]
Cost Management Maturity Model introduced to Sri Lanka
Mar 30, 2016 (LBO) – The first ever ‘Total Cost Management Maturity Model’ practice has been introduced to Sri Lanka by the Confederation of Indian Industry’s Total Cost Management (TCM) division. The signing of the MOU between Institute of Certified Management Accountants of Sri Lanka (CMA) and TCM was held recently at a cost accountants’ […]
Ceylon Electricity Board violates license conditions, says PUCSL
Mar 30, 2016 (LBO) – Sri Lanka’s power regulator, Public Utilities Commission, has directed the CEB to explain the reasons for the recent violation of license conditions. This violation referring to the notice on ‘Electricity Interruptions’ appeared on the CEB website on 28 March 2016. However, in terms of the Transmission and Bulk Supply License, […]
Toyota Lanka unveils future technology at ‘Future World’ exhibition
Toyota Lanka announced a pioneering Future World Exhibition on Toyota Automotive Technology held on 29th and 30th March 2016 at the Sri Lanka Exhibition & Convention Centre (SLECC). The first-ever comprehensive motor technology exhibition of its kind to be held in the country, Future World is open to all existing, potential and future customers and […]
Ceylon Chamber and Swiss-Asian Chamber of Commerce in MOU
Mar 29, 2016 (LBO) – The Ceylon Chamber of Commerce and Zurich based Swiss-Asian Chamber of Commerce signed an MOU recently to promote trade and investments between Sri Lanka and Switzerland. The signing took place with the participation of CCC Chairman Samantha Ranatunga and Mark Dangel, chairman, Sri Lanka Committee of the Swiss-Asian Chamber of […]
Iranian Taban Air charter arrives in Sri Lanka
Mar 29, 2016 (LBO) – A Taban Air charter carrying 180 passengers traveling from Iran touched down in Sri Lanka earlier this month, Aitken Spence Travels said. The charter during the annual Norouz festival was greeted with a water cannon on its flight to Colombo following a lapse of 5 years. The arrival marks the […]
Sri Lanka to boost tourism through travel blogger conference
Mar 29, 2016 (LBO) – Sri Lanka is planning on boosting its travel industry through the Travel Bloggers Conference Asia 2016 to be held in June with the inclusion of Cinnamon Travel Blogger Awards that recognises the contribution and role that travel bloggers play in the travel and tourism industry. The Cinnamon TBCasia is an […]
ADB announces loan auction for Sri Lankan SME sector
Mar 28, 2016 (LBO) – Asian Development Bank announced the first auction of a 12.5 million US dollar tranche of re-finance funds for Sri Lankan banks to provide loans for small and medium enterprises in Colombo, Monday. “This is the first time ADB is disbursing funds in this manner where funds will be allocated through […]
Sri Lanka’s Singer Finance to raise Rs1.5bn in listed debt
Mar 28, 2016 (LBO) – Singer Finance, a fully owned subsidiary of Singer said it is planning to raise as much as 1.5 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange. The finance company said in a stock exchange filing that it wanted to sell 10 million debentures […]
Airport to expand capacity with Terminal 2: JICA
Mar 28, 2016 (LBO) – A concessionary loan agreement for JPY 45,428 million (56 billion rupees) was signed last week between the Airport and Aviation Services Limited and Japan International Cooperation Agency (JICA) for the construction of a new multi-level terminal building (Terminal 2), a statement said. After completion of the project in 2020, the […]
Huawei launch experience store in Sri Lanka
March 28, 2016 (LBO) – Huawei, launched a new Experience Store at Majestic City, Colombo allowing its customers a more personal experience when purchasing their smartphone and accessories. “We remain committed to Sri Lanka, and the opening of the Huawei Experience Store in Colombo exemplifies our focus to offer the best quality service and accessibility to […]