Category: Industry
Internet Explorer terminates support for older versions
Jan 16, 2016 (LBO) – Microsoft’s built-in search tool ‘Internet Explorer’ has discontinued its support for older versions of explorer from January 12, 2016. “End of support means there will be no more security updates, non-security updates, free or paid assisted support options, or online technical content updates.” Microsoft said. As per Microsoft, only the […]
Transport ministry calls local bids to repair railway coaches
Jan 14, 2016 (LBO) – Sri Lanka’s Cabinet has decided to call competitive bids from local industrialists to undertake heavy repairs of railway passenger coaches. As per the Railways Department, around 450 carriages are required to provide transport services and these carriages must undergo heavy repair every two years. Though it is being done in […]
Manning Market to relocate, area for transportation facilities
Jan 14, 2016 (LBO) – The Cabinet has decided to relocate the Manning Market from Colombo port to Peliyagoda area and utilize the premises for public transportation facilities. Colombo, Fort areas have been recognized as a combined development zone under the Colombo City Development Plan (2008-2020) prepared by the Urban Development Authority. Accordingly, it is […]
Uber launches new budget version in Sri Lanka
Jan 14, 2016 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched its more economical version, UberGO in Colombo, Thursday. UberGO operates with smaller hatchback vehicles like Suzuki Altos and Tata Nanos and is the second product option after uberX and is more economical, a statement said. “We are […]
Colombo port container handling up 5.7-pct in 2015
Jan 14, 2016 (LBO) – Sri Lanka Ports Authority says container operations in the Colombo port has increased by 5.7 percent last year over the previous year. Accordingly, the total amount of containers handled by the port last year is 5,185,467 compared to the 4,907,915 containers handled in 2014. Total container volume comprises of import, […]
Sri Lanka tourism poised for strong growth: JLL
Jan 14, 2016 (LBO) – Sri Lanka is on the brink of a strong reform agenda and transformational change that could pave the way for inclusive and balanced growth, JLL said in a research report focusing on the tourism sector. For the hospitality industry, this means aiming for 2.2 million tourists, up from 1.8 million […]
Sri Lanka targeting affordable renewable energy: DG PUCSL
Jan 13, 2016 (LBO) – Sri Lanka’s dependency on fossil fuels should be substituted with renewable options which are much greener and safer, a senior official said. “In total, in 2015 about 45 percent of energy was through renewable energy including large and small hydro, wind and others. This is a very healthy situation,” Damitha […]
Maersk Line to invest in Colombo Port expansion
Jan 13, 2016 (LBO) – Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri Lanka Peter Taksøe-Jensen revealed. Maersk Line has been the world’s largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 […]
‘s subordinated debentures AA-
Jan 13, 2016 (LBO) – Fitch Ratings Lanka has assigned Commercial Bank’s proposed Basel II-compliant subordinated debentures of up to 7 billion rupees a final National Long-Term Rating of ‘AA-(lka)’. The final rating is the same as the expected rating assigned on 22 December 2015, and follows the receipt of documents conforming to information already received, […]
YouTube launches localized version in Sri Lanka
Jan 13, 2016 (LBO) – The most popular video sharing site in the world, YouTube on Tuesday launched its localized version for Sri Lanka, Google Asia Pacific Blog said. Users visiting the YouTube homepage from Sri Lanka will now be able to see videos and playlists that are popular in the country in local languages […]
”s Insurance commences trading on CSE
Jan 12, 2016 (LBO) – People’s Insurance rang the opening bell to commence trading at the Colombo Stock Exchange (CSE), Tuesday. “Our parent is part of the S&P index and our intention is to also be listed in this index in the future,” Amaratunga, Chairman said. “We are proud to be the latest addition to […]
Colombo port city proposal to be downsized: Minister
Jan 12, 2016 (LBO) – Sri Lanka will continue with the Colombo port city project after downsizing the previous agreement entered with China, the International Trade State Minister said. Minister Sujeewa Senasinghe told reporters Tuesday that the initial proposal led to a transfer of 50 acre land to a private party. “50 acres was supposed […]