Category: Industry
Malaysian investors to bid for Northern Expressway: Suggest to renew bilateral trade
Feb 27, 2015 (LBO) – Sri Lanka northern expressway which links the Island’s capital Colombo to the northern Jaffna peninsula to be bided by Malaysian investors, a statement said. We are bidding for Northern Highway on BOT (build-operate-transfer) basis, Dato’ Seri S. Samy Vellu, Malaysia’s Special Envoy of Infrastructure for India and South Asia with […]
Remaining Challenges
Feb 27, 2015 (LBO) – Sri Lanka’s Banks likely to witness an improvement of the operating environment in 2015 and 2016 but, longer-term challenges for the banking sector remain, Fitch Ratings said in a statement. The Full Statement Reproduced Below : The operating environment for Sri Lankan banks is likely to improve in 2015 and […]
’s national carrier launches a new codeshare
Feb 18, 2015 (LBO) – SriLankan Airlines, the national carrier for Sri Lanka inked a coadshare agreement with Jetstar Asia, a low-cost airline based in Singapore. The airline said that the SriLankan customers will be able to travel on codeshare services operated by Jetstar Asia on seven routes from Jetstar Asia’s hub in Singapore from […]
Online Solution
Feb 18, 2015(LBO) – Sri Lanka’s Export Development Board (EDB) said that it has opened a web portal for service exporters as a one stop for them to link with international partners.Sri Lanka™s exports of ICT and construction services increased by 8 percent to 774 million US dollars in 2013 from 2012™s 714 million US […]
Human Rights
Feb 17, 2015 (LBO) – The United Nations had delayed the report of alleged human rights violations in during the Tamil tiger war in Sri Lanka until September 2015, given the changing political context in the island. He said that the three experts, who were appointed by his predecessor Navi Pillay to advise the investigation, […]
’s with India
Feb 16, 2015 (LBO) – Sri Lanka and India signed four memorandum of understandings (MOU) between both countries, during the first official visit of President Sirisena to India after assumed duties, a report said. Sudharshan Seneviratne, High Commissioner of Sri Lanka in New Delhi and Ashish Bahuguna, Secretary, Department of Agriculture & Cooperation signed a […]
Sri Lanka Tourist arrivals up 6.6-pct in January 2015
Feb 16, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 6.6 percent to 156,246 in January 2015 from a year earlier, driven by China, Russia, India and United Kingdom, data from the state tourism promotion office showed. South Asian visitors were up 14.6 percent to 28,392 compared to the same month last year supported by […]
Sri Lanka to sign an agreement with India to wave off visa requirement for Diplomatic passport holders
Feb 13, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has approved the proposal made by the Minister John Amarathunga to sign an agreement with India to waive the requirement of obtaining of Visas for Sri Lanka and India by diplomatic passport holders and official travel documents. Sri Lanka’s President Maithripala Sirisena is to visit […]
New Appointment
Feb 12, 2015 (LBO) – Sri Lanka’s Urban Development Authority (UDA) said Ranjith Fernando, a senior retired banker was appointed as the chairman of the authority. Nayana Nadeesha Mawilmada also been appointed as the new Director General of the Authority , the UDA said in a filing to stock exchange. The earlier office bearers had […]
Sri Lanka to return lands occupied by Military troops
Feb 12, 2015 (LBO) – Sri Lanka new administration is to return lands and buildings which occupied by the military troops in the time of Tamil tiger war for security reasons, a spokesman said today. The minister said the remaining 780 acres of land will also be used to resettle the people displaced by the […]
Sri Lanka merchandise exports up 6.7-pct to US$11bn in 2014
Feb 10, 2015 (LBO) – Sri Lanka’s annual provisional merchandise exports increased by 6.67 percent to 11.079 billion rupees, Export Development board of Sri Lanka (EDB) said in a statement. Fisheries for the month of December 2014 up by 7.8 percent to 22.83 million rupees. Declines experienced by coconuts by eight percent to 40 million […]
’s real estate boom and property market outlook
Feb 09, 2015 (LBO) – Sri Lanka’s online property hunters seek houses than apartments despite the luxury apartment segment having a short term demand, country head of a leading real estate portal said. Globally founded on 2013, the property portal currently available in 32 countries across Asia, Africa, the Middle East and Latin America with […]