Category: Other
Emirates to serve traditional Sri Lankan sweetmeats at their Colombo lounge
It may be one of the world’s largest airlines, but Emirates has been caught up in the spirit of the “Avurudu” – Sri Lanka’s charming celebration of the Sinhala and Tamil New Year – and is busy preparing traditional sweetmeats to excite the taste buds of visitors to its lounge at the Bandaranaike International Airport […]
Samsung unveils its first 5G Smartphone Galaxy S10 5G
Samsung Electronics announced the Samsung Galaxy S10 5G is available for purchase in Korea. Over the past decade, Samsung has worked closely with network operators, device manufacturers and software developers to make 5G a reality with its complete end-to-end solution. Now, consumers will be able to unlock an entirely new mobile experience with the most […]
EU leaders agree to delay Brexit deadline until October 31
Apr 11, 2019 (LBO) –The European Union has agreed to delay the United Kingdom’s departure from the EU, known as Brexit, until October 31, saving the continent from what could have been a chaotic no-deal departure at the end of the week. British Prime Minister Theresa May said she would now keep working to get her […]
ComBank adds Sri Lanka Ports Authority to its Online Banking Platform
The official event marking the addition of the Sri Lanka Ports Authority (SLPA) to Commercial Bank’s Online Banking platform was recently held at the Movenpick Hotel, Colombo. Following this launch, both personal and corporate customers who have registered for the Bank’s online banking facility can pay their Ports Authority charges in respect to their shipping […]
Cricketing star Kumar Sangakkara addresses the staff of BOI
Apr 10, 2019 (LBO) – Sri Lanka’s investment promotion and facilitation agency, the Board of Investment said that cricketing star Kumar Sangakkara addressed their staff and spoke of the importance of leadership in an organization. The address titled “Reach the Peak 2019” was an opportunity for the popular sporting personality to share his experiences on […]
IMF cuts global growth forecast further to 3.3-pct in 2019
Apr 10, 2019 (LBO) – Reflecting the slowdown in production activity in the latter half of 2018 and the first half of 2019, global growth is set to moderate from 3.6 percent in 2018 to 3.3 percent in 2019, and then to return to 3.6 percent in 2020, the IMF said releasing its World Economic […]
RMIT starts joint Ph.D programme with Peradeniya and Moratuwa Universities
The Royal Melbourne Institute of Technology University (RMIT University) in Melbourne and University of Peradeniya, Sri Lanka entered into a Memorandum of Understanding for a joint Doctoral Degree (Ph.D.) programme between the two Universities for Engineering students. After several rounds of successful negotiations between the two institutions that lasted over 2 years, the MoU and […]
Reuters replies to Planters Association and stands by allegations
Apr 09, 2019 (LBO) – The Thomson Reuters Foundation has responded to The Planters’ Association of Ceylon (PA) statement published on www.lankabusinessonline.lk on 2nd April which claimed that the Reuters article titled ‘Tea Label Giants Vow Probe after Sri Lanka Labour expose’ on tea estates were false. Kieran Guilbart, the Thomson Reuters Foundation commissioning editor, has countered each point […]
Sampath Bank appoints Professor Malik Ranasinghe as Chairman
Professor Malik Ranasinghe, who was the Deputy Chairman of Sampath Bank since August 2016, will take on his new role from the 2nd April 2019 as the Chairman of the bank. Sampath Bank said his rich experience and deep understanding of the Bank’s core values will be invaluable in achieving its objectives. Professor Ranasinghe is […]
Digital Me bags Best Digital Marketing Campaign of year 2018 at SLIM Digis 2018
(PRESS RELEASE) – Digital Me, an emerging Digital Media Company in Sri Lanka was buzzing after being honored at the SLIM Digis Awards ceremony held at Waters Edge last week. Digital Me won the prestigious Gold Award for the Best Digital Marketing Campaign of the year in the category of Retail conducted for Helanka Shoes. The […]
‘s growth prospects: ADB
Apr 03, 2019 (LBO) – Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that […]
Australia increases support for demining efforts in Sri Lanka
Apr 03, 2019 (LBO) – Australia has increased its support for humanitarian demining efforts in Sri Lanka to mark the International Day for Mine Awareness and Assistance in Mine Action on Thursday. Australia will provide more than 124 million rupees in assistance over the next two years through a partnership with the Mine Action Group (MAG) […]