Category: Other
New BOI agreement to produce packaging items for export signed
The Board of Investment of Sri Lanka signed recently supplementary agreement with J and D Venture (Pvt) Limited. The agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the Board and on behalf of company by Mr.Seong Eun Lee and Mrs. Seok Ok Jang, Directors. Mr. Jeong Ho Lee and […]
ComBank announces ‘Nil Margin’ LCs for vehicle permit holders
The Commercial Bank of Ceylon has launched a scheme for government officers with vehicle permits, offering reduced interest rates on vehicle loans and leases and the opportunity to open Letters of Credit (LCs) without keeping a margin (nil margin). The Bank said permit holders can choose between a loan or lease at the lowest interest […]
CEAT Kelani’s Truck Bus Radials enter market
Heavy duty, high-performance radial tyres custom-engineered for trucks, buses and prime movers plying Sri Lanka’s roads and manufactured for domestic conditions, have been commercially launched by CEAT Kelani Holdings in a ground-breaking initiative by the company that produces nearly half of the country’s tyre requirements. Part of a phased execution of Rs 3 billion investment […]
Sir Richard Branson urges Sri Lanka not to enforce death penalty
June 26, 2019 (LBO) – Billionaire and global business icon Richard Branson has publicly weighed in on Sri Lanka’s intention to enforce the death penalty. Joining a chorus of concern coming in from all over the world, Branson has expressed his concern in writing to the government of Sri Lanka and publicly tweeted for the […]
FastTrack Summer Internship Programme relaunched with Brandix, Fonterra & JKH to inspire young talent
Brandix Apparel Limited, Fonterra Brands Lanka (Pvt.) Ltd. and John Keells Holdings PLC held the orientation for fifteen diverse, talented interns today (25th June 2019) at Hatch, Colombo, formally commencing the Fast Track Summer Internship Programme 2019. First introduced in 2011, the ‘FastTrack’ Summer Internship Programme returned in April 2019 to provide fifteen selected undergraduates […]
Sri Lanka relaxes dress code for female public servants
Jun 26, 2019 (LBO) – Sri Lanka’s Cabinet of Ministers has granted approval to amend a circular on the dress code for public servants allowing female public servants to wear any decent dress without covering their faces. According to the cabinet proposal, the dress code for female public servants, however, should not impede the directives […]
Sri Lanka updates HRC on measures taken to advance human rights, peace and security
Jun 26, 2019 (LBO) – The Sri Lanka delegation to the Human Rights Council briefed the Council on progress made in addressing human rights concerns, national security imperatives, as well as reconciliation priorities. Sri Lanka’s intervention under agenda item 2 of the council, followed the oral update provided by the UN High Commissioner for Human […]
INSEE extends waste management services to BOI for next 16 years
Jun 25, 2019 (LBO) – After a decade of operations with the BOI, INSEE Ecocycle Lanka, the waste management subsidiary of INSEE Cement recently signed an agreement, extending its waste management services to BOI for the next 16 years. BOI Chairman Mangala Yapa, INSEE Cement Chairman Nandana Ekanayake and Director of INSEE Ecocycle Sanjeewa Chulakumara […]
1990 Suwaseriya ambulance service now covers entire nation
Jun 23, 2019 (LBO) – The launch of the historic final step of expanding Sri Lanka’s pre-hospital emergency care revolution to the entire nation took place in Ampara district today under the patronage of the founder of the service, Economic Reforms Minister Harsha de Silva. Daya Gamage, Minister of Primary Industries and Social Empowerment and […]
University of Technology Sydney to open pathway college in Sri Lanka with USD2.1mn investment
Jun 21, 2019 (LBO) – Following the announcement this week that the University of Technology Sydney (UTS) has become the world’s 140th ranked university, in addition to being Australia’s number 1 ranked young university (under 50 years of age), it has confirmed it will open a pathway college in Sri Lanka. The pathway college, to […]
Samsung brings world’s first QLED 8K TV to Sri Lanka in partnership with Jaguar Land Rover
Samsung Sri Lanka today launched the world’s first QLED 8K TV in Sri Lanka in partnership with SML Frontier Automotive, sole agents for Jaguar Land Rover in Sri Lanka. The Samsung QLED 8K TV, a must-have for all luxury homes, comes with Real 8K Resolution, 8K AI Upscaling, Quantum Processor 8K, and Quantum HDR – […]
Sri Lanka wins “Best Folklore Performance Award” at Seoul tourism fair
The Embassy of Sri Lanka in Republic of Korea in association with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s pavilion at the Seoul International Tourism Industry Fair (SITIF) in the COEX exhibition center in Seoul from 06 to 09 June2019. All the major tourist destinations in Asia, Middle East, Europe, and Africa […]