Category: Industry
Sri Lanka should re-position itself as the original “Sapphire Hub”: Official
Mar 10, 2015 (LBO) – Sri Lanka’s blue sapphire should be re positioned to its original “Sapphire hub” status by creating global awareness through value addition, a senior official said. “Sri Lanka lays claim to over 70 coloured gemstones out of 200 found globally including the best blue sapphire of the world, but are we […]
Sri Lanka tourist arrivals up 16.7-pct
Mar 09, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 16.7 percent to 165,541 in February 2015 from a year earlier with a surge in tourist arrivals from China, data from the state tourism promotion office showed. In the past two months of 2015 tourist arrivals were up 11.6 percent to 321,787. Arrivals from China […]
’s State Minister for Foreign Affairs
Mar 06, 2015 (LBO) – Japanese State Minister for Foreign Affairs Minoru Kiuchi to visit Sri Lanka tomorrow Saturday 7th March 2015 to further strengthen the long-standing ties between Japan and Sri Lanka. During his visit, Kiuchi will call on Sri Lanka’s President Sirisena, Prime Minister Ranil Wickremasinghe, and Minister of Policy Planning, Economic Affairs, […]
’s chamber signs a MOU with Chinese Tianjin
Mar 06, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce signed a memorandum of understanding today with Tianjin province of China to promote trade and investment between both countries. With the visit of two leaders in our countries, we hopes to take bilateral corporation between Sri Lanka and China to the next level through […]
Sri Lanka’s port city project temporarily suspended
March 04, 2015 (LBO) – Sri Lanka’s controversial Chinese funded Colombo port city project has been temporarily suspended due to pending of an investigative report on the issue, Island’s Investment Promotion Minister said today.Investment promotion minister Kabir Hashim told LBO that the project approval has been violated the country’s law.“For now it seems a breach […]
Sri Lanka’s Under-Capitalized banks to face challenges: Operating environment likely to improve: Fitch
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 2016 […]
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 […]
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 […]
’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, […]
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 […]