Category: Industry
Sri Lanka new rulers to get Chinese support
Mar 28, 2015 (LBO) – Chinese Prime Minister Li Keqiang assured and pledged Chinese government’s fullest support to the new government of Sri Lanka, a media release said. “The Chinese Premier further said China does not have relationship with individuals of different countries, but it has a policy of developing bilateral ties with nations,” the […]
Ultra small computer by Intel; first look in Sri Lanka
Mar 27, 2015 (LBO) – Sri Lankan media on Thursday got a rare opportunity to experience a factory model of an ultra small computer design built by Intel Corporation which will be unleashed in the coming months. This pocket-sized computer called ‘Intel compute stick’ is a device delivering an entry compute experience by plugging directly […]
Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead
Mar 27, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB) and DFCC Bank says that they are still awaiting a decision from a committee appointed by the new government who are investigating all the consolidations which were done and pending under the previous regime. “We have made our submissions and as of today NDB […]
‘s micro-finance sector to access CRIB through a new regulation
Mar 27, 2015 (LBO) – Sri Lanka’s micro-finance industry is looking at developing a separate credit information database for their clientele with the help of the Credit Information Bureau (CRIB) of Sri Lanka. Yasitha Munasinghe, manager, Lanka Micro-finance Practitioners association (LMFPA) told LBO that the proposed micro-finance act will provide the necessary legality to be […]
Sri Lanka to connect Colombo Tea auction’s brokers and buyers through a mobile platform with live feeds
Mar 26, 2015 (LBO) – Sri Lanka to connect tea brokers and buyers, providing a mobile based live feed that delivers real-time information directly to tea buyers, by pushing sale information that is captured by tea brokers at each auction room, a media release said. The newly launched “mAuction”, a mobile solution for the Colombo […]
Sri Lanka’s Abans use new digital marketing application to promote LG smart phone
Mar 26, 2015 (LBO) – Sri Lanka’s Abans Limited, which has interests in consumer durables said they will market their LG smart phone using mobiOs MMM platform.Issuing a statement the company said, while traditional marketing is outside the store targeting consumers to build brand awareness, digital marketing allows marketers to deliver personalized content to shoppers […]
Sri Lanka hold talks with EU on GSP+ trade concessions
Mar 26, 2015 (LBO) – Sri Lanka are holding discussions on the retrieval of GSP Plus, a system granting tax free entry for the counties goods to the European Union market, the industry and commerce ministry said in a statement. The industry and commerce ministry said earlier this week in Colombo that the talks were […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said.“We want to develop the country but it has to be more green and environment friendly development,” Suren Batagoda, […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said. “We want to develop the country but it has to be more green and environment friendly development,” Suren […]
Sri Lanka’s new Inland Revenue chief to strengthen staff capacity with more training
Mar 24, 2014 (LBO) – Sri Lanka’s Inland Revenue department says they intend to strengthen the capacity of the department’s staff by educating and providing further training for them.“I want to ensure that the employees of the whole department are strengthened and made more capable through education, training and further qualifications. This will allow them […]
Apple to become a trillion dollar company
Mar 24, 2015 (LBO) – As Apple gets ready to launch its first new product in five years, Cantor Fitzgerald is raising its price target to a level that would make Apple a trillion company, a Bloomberg business report said.People first started talking seriously about the potential for Apple to become a trillion dollar company […]
Microsoft’s Power BI free preview now available in Sri Lanka
Mar 20, 2015 (LBO) – Microsoft Corporation recently allowed worldwide customers to experience the free preview of their improved cloud-based business analytics service introduced for non-technical business users. The service first unveiled in January, referred to as Power BI; can keep a pulse on businesses by bringing all the data together and monitor it through […]