Category: Industry
Sri Lanka shipping can play a vital role in economy: Pandithage
Sep 27, 2015 (LBO) – Sri Lanka’s maritime industry can boost and support the islands efforts in international trade and investments to enable further long-term growth, a senior official said. “Sri Lanka has to be a hub for more than South Asia to realize the full potential of our valuable ports and shipping,” Mohan Pandithage, […]
Sri Lanka Customs to implement Single Window System by end 2015
Sep 27, 2015 (LBO) – Sri Lanka Custom’s Single Window System is to be implemented by the end of this year, Finance Ministry said in a statement.The system enables the economic operators and trading partners to submit all import, export and transit information required by regulatory agencies via a single electronic gateway. Single window operation […]
Sri Lanka welcomes largest container vessel to Colombo port
Sep 25, 2015 (LBO) – Sri Lanka has welcomed the largest container vessel to Colombo port today morning, the ports and shipping ministry said.The UK registered vessel ‘Marco Polo’ has 16,020 containers of cargo carrying capacity.The vessel is 396 meters by the length and 29.9 meters of height and it was the world’s largest vessel […]
Sri Lanka maritime industry needs proper policy: Minister
Sep 25, 2015 (LBO) – Sri Lanka’s Ports and Shipping Minister Arjuna Ranatunga says that the maritime industry progress has been held back due the lack of clear policy and its implementation. “I strongly believe that we can develop the maritime economy into hub status with the assistance of the stakeholders of the industry,” Ranatunga said at the […]
Sri Lanka’s tea exports decline in August: Forbes & Walker
Sep 24, 2015 (LBO) – Sri Lanka’s tea exports and earnings fell in August 2015 from a year earlier, with exports dropping to 21.1 million kilos, a difference of 6.3 million kilos from the previous year, Forbes & Walker Tea Brokers said in a report. “Total revenue too shows a fairly substantial decline of 5.8 […]
Colombo Fashion Week to push resort wear as a high growth industry
Sep 24, 2015 (LBO) – Sri Lanka’s Colombo Fashion Week is pushing resort wear as a high growth industry in the region while enabling the island’s designers to tap into the growing demand for the industry. “Once a category that was focused on exclusively for the holiday season, resort wear has in the last decade […]
Investor: Future bright for Sri Lanka if policies are consistent, says intl hotel developer
Sept 24, 2015 (LBO) – With more stability in Sri Lanka, investors are keen to make long-term commitments, but their one ask is that policies are clear and remain consistent, Goulam Amarsy, an international hotel developer said. Amarsy appreciated the potential of the island during his first visit to Sri Lanka in August. Now he […]
Sri Lanka’s Pan Asia Bank debentures oversubscribed
Sep 23, 2015 (LBO) – Sri Lanka’s Pan Asia Bank said a listed debt offer for four billion rupees had been oversubscribed Wednesday and is closing on the same day. The bank offered 20 million debentures at 100 rupees each with an option to issue 20 million further. The basis of allotment is to be […]
Microsoft releases Office 2016 for Windows and Mac
Sep 22, 2015 (LBO) – Microsoft on Tuesday released worldwide its latest office update, the Office 2016 along with several new and enhanced Office 365 services. Some highlights from Microsoft: • Outlook 2016 provides the smartest inbox yet, delivering lightning fast search, removing low priority mail automatically and making sure everyone on the To: line […]
Sierra Cables to set up manufacturing plant in Kenya
Sep 22, 2015 (LBO) – Sri Lanka’s Sierra Cables, a listed power cable maker, said it will be setting up a manufacturing plant in Kenya to supply transmission and distribution cables to East African countries, a statement said. The company said in a stock exchange filing that the decision was reached after conducting a feasibility […]
Sri Lanka eyes conference travellers, India is a key market: official
Sep 22, 2015 (LBO) – Sri Lanka plans to attract more business visitors through promoting the country as a destination for conferences and business meetings, an official said.“We are no longer in a numbers game,” Vipula Wanigasekera, chief executive of Sri Lanka Convention Bureau said at a forum held Monday.“Future tourist has been identified as […]
Sri Lanka marks maritime and naval week from Sept 21-27
Sep 22, 2015 (LBO) – Sri Lanka has declared September 21 to 27 as Maritime & Naval week and to mark the occasion a souvenir and a badge was presented to the President Maithripala Sirisena at the President’s official residence Monday, a statement said. “This is the first time Sri Lanka holds an event under […]