Category: Industry
Dialog CEO says data pricing structures require correction: OBG
(From the Oxford Business Group) ** Data pricing structures would require correction in the face of voice to data conversion and emergence of OTTs, Hans Wijayasuriya, Group CEO, Dialog Axiata, says ** Sri Lanka, August 2015: The transformation of the telecoms industry in Sri Lanka will come in the form of accelerated data growth, emergence […]
Google launches new mobile friendly logo
Sep 02, 2015 (LBO) – Google unveiled a new logo for its core search services smoothing out some of the features in the letters that make up the well-known colourful logo spelling out its name, the company said in a blog report. The revamped logo is “simple, uncluttered, colorful, friendly” and represented the best of […]
Ceylon Motor Traders set standards for vehicle deals in Sri Lanka
Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the automobile industry. The ethics code includes 46 key proposals that are to be adhered to by 26 member firms of the association. The membership of the 95-year long association […]
Bharti Airtel says mulling opportunities in South Asia
Sept 01, 2015 (LBO) – India’s Bharti Airtel says the telecommunications company considers various options on a regular basis, amid media reports that it is looking to divest its Sri Lanka and Bangladesh operations.In a clarification to the Bombay Stock Exchange, Airtel said it evaluates various opportunities on an ongoing basis in ordinary course of […]
Coca Cola Sri Lanka license suspended until it addresses contamination: CEA
Aug 31, 2015 (LBO) – The environmental protection license of Coca Cola’s Sri Lanka unit will remain suspended until the company responds to an oil seepage into the Kelani river, an official of the Central Environmental Authority said. “Their operations are halted until they respond appropriately to the situation,” Sunil Udukula, the deputy director media […]
Time to focus on areas other than human rights: Mangala
Aug 31, 2015 (LBO) – Sri Lanka needs to focus on areas other than human rights in order to ensure long-term peace and stability, Foreign Minister Mangala Samaraweera said. Addressing diplomats based in Colombo recently, Samaraweera said the key to ensuring long-term peace and stability and preventing the recurrence of conflict is through strengthening the […]
UNDP, Dialog launch hackathon for social development
Aug 30, 2015 (LBO) – UNDP and Sri Lanka’s Dialog Ideamart have launched a social innovation “hackathon” to find solutions to development challenges in employment and enterprise, electronic waste management, and civic engagement.Around 250 people attended the “HackaDev: Impact through Innovation” event last week.The audience comprised of university students and developers studying IT, employees of […]
Brandix allocates Rs5 mn for each model village in CSR project
Aug 27, 2015 (LBO) – Sri Lankan apparel exporter Brandix says it plans to allocate five million rupees for each ‘model village’ it supports with improved water supply and sanitation facilities under its corporate social responsibility program.The villages are selected within a five kilometre radius of its factories, initially in Polonnaruwa. The program has contributed […]
Austrian Airlines to start winter flights to Sri Lanka
Aug 27,2015 (LBO) – Austrian Airlines, the country’s largest carrier which operates a global route network of round 130 destinations is to add Sri Lanka to their destination map from October this year offering flights once a week to Colombo, the company said in a statement.The airline’s route network is particularly dense in Central and […]
Sri Lanka banks eye market-driven consolidation : OBG
By Oxford Business Group The coming year looks set to bring further consolidation to Sri Lanka’s financial sector, with market forces expected to drive the trend, in lieu of the government-led policy of the previous administration. Last year saw the industry regulator, the Central Bank of Sri Lanka (CBSL), take steps to bolster the sector’s […]
Samsung launches Galaxy A8, smartphone sales grow 150 pct
Aug 26, 2015 (LBO) – Samsung launched its newest Galaxy A8 model in Sri Lanka on Tuesday amid significant growth in demand for smartphones, an offical said. The Galaxy A8 is the latest member of the Galaxy A range with 4G LTE compatibility, a 1.8/1.3 GHz Octa Core processor and its slimmest with a width […]
Sri Lanka foreigners to pluck more tea for Guinness Record
Aug 25, 2015 (LBO) – Sri Lanka will aim for a Guinness Record this week by having 3,000 kilograms of tea plucked with the help of 200 foreigners before serving 35,000 cups of tea at the Esala Perahera procession, tourism promotion office said.The event at Pedro Estate in the Central Province hill country of Nuwara […]