Category: Industry
Custom Check
Jan 30, 2015 (LBO) – Sri Lanka™s Customs service will work round the clock in order to improve the service offered to the people and the improve island™s trade efficiency, Finance Minister Ravi Karunanayake said. The government expects around 50 billion rupee income from this measure. In an endeavor to improve the service offered to […]
India says it is time for trade expansion
Jan 28, 2015 (LBO) – India’s Deputy High Commissioner says with the political changes in Sri Lanka ,it’s high time for both countries to expand the trade from goods to investment and service exchanges. Indo-Sri Lanka relations have been historic and diverse and with the new changes in Sri Lanka, relations can move towards new […]
Sri Lanka to cancel the licenses of all duty free shops at BIA
Jan 21, 2015 (LBO) – Sri Lanka’s Minister of Aviation Faizer Mustapha has ordered to cancel the licenses of all duty free shops at the Bandaranaike International Airport (BIA) and Mattala airport, a media report said. The minister has asked the authorities to call for open tenders for duty free shop for both airports. There […]
Sri Lanka exporters urges removal of barriers to boost export
Jan 20, 2015 (LBO) – Sri Lanka’s Exporters’ Association said that it expects that the new government will take steps to eliminate some of the barriers and deficiencies the sector faces towards boosting exports. Releasing a statement, the apex body of exporters said that the association has continuously lobbied on several platforms and to relevant […]
’’s Yunnan Province for a corporate agreement
Jan 16, 2015 (LBO) – Sri Lanka’s Export Development Board (EDB) in talks with China’s Yunnan province for a corporate agreement to increase exports from the island, especially of high-value products, EDB said in a statement. We are currently preparing one of the strongest ever delegations to this year’s CSAE fair and we also positively […]
SriLankan Airlines to reschedule flights and re-deploy capacity to gain USD 18mn
Jan 16, 2015 (LBO) – Sri Lanka’s national carrier SriLankan airlines has re-deployed its capacity and adjusted its scheduled operations to focus on more commercially sustainable services which translates to an annual bottom line improvement of approximately 18 million US dollars , the airline said in a statement. The airline will cut flights to the […]
Sri Lankan insurers wrapping up segregation plans, four under evaluation: regulator
Jan 07, 2015 (LBO) – Sri Lanka’s composite insurers are on track to complete a regulatory push to split their businesses despite legal affairs delayed several insurers, a senior official said. Director General of the island’s insurance regulator Damayanthi Fernando told LBO that seven out of twelve composite insurers have so far completed their segregation […]
Train Link
Jan 03, 2014 (LBO) – Sri Lanka inaugurated the newly built railway track between Jaffna and Kankasanthurai covering a distance of 18 kilometers, which established a direct train link with Colombo a media release said. This track corridor has two crossing stations at Kondavil and Chunnakam and five halt stations at Kokuvil, Inuvil, Mallakam, Tellipalai […]
Dual Citizenship
Jan 01, 2015 (LBO) – Sri Lanka™s cabinet has granted approval to recommence the Dual Citizenship which had been temporarily suspended during the end of 2011 has been reinstated from today, official of Ministry of Defence and Urban Development said at the briefing yesterday. The granting of Dual Citizenship will be in force from 31st […]
Mobile Market
Dec 25, 2014 (LBO) – Sri Lanka’s mobile phone sales reached one million unities in the third quarter of 2014 while smart phone shipment up by 100 percent which accounts for 20 percent of the total sales, a market report said. In the smartphone market segment, Samsung leades with a 20.6 market share followed by […]
New Coin
Dec 23,2014 (LBO) – The Central Bank of Sri Lanka (CBSL) issues a commemorative silver coin of 500 rupees to mark the 150th birth anniversary of Srimath Anagarika Dharmapala in recognition of his national service, the bank said in a media release.A limited number of coins will be available for sale at a price of […]
SriLankan Airlines takes delivery of its second A330-300
Dec 19, 2014 (LBO) – Sri Lanka’s national carrier SriLankan Airlines, took delivery of its second Airbus 330-300, on today, continuing its wide body re fleeting programme, the airline said in a media release. Passengers will be afforded a new flying experience whilst satisfying customer demand for increased capacity on the primary routes of the […]