Category: Other
Banker magazine picks Ravi as Finance Minister of the year, Asia Pacific
Jan 10, 2017 (LBO) – Finance Minister Ravi Karunanayake has been selected as the Finance Minister of 2016 for Asia-Pacific by the prestigious ‘The Banker’ magazine. ‘The Banker’ published in London has selected the finance minister who best managed to stimulate growth and stabilize the economy of their country. The magazine says crucially, Karunanayake secured […]
MullenLowe moves Sri Lanka operations to ultramodern office
MullenLowe Sri Lanka, the local office of the MullenLowe network – a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at 125, Kynsey Road, Colombo – 7, on the 19th of January under the patronage of Hon. Eran Wickramaratne – Deputy Minister of Public Enterprise Development and Member of Parliament (MP) […]
Singer crosses Rs.1bn worth Huawei smartphone sales in December, Records 77-pct sales growth in 2016
(PRESS RELEASE) – Huawei, a leading smartphone brand in Sri Lanka, announced that Singer Sri Lanka, the exclusive national distributor for Huawei smartphones, has successfully surpassed Rs. 1 bn Huawei smartphone sales generated solely inthe month of December 2016. As a trusted, state-of-the-art brand amongst the general public, Huawei together with Singer enhanced their […]
Sri Lanka tea auction prices up, good demand
Jan 05, 2017 (LBO) – Sri Lanka tea’s first Auction of the year concluded seeing good demand with high grown tea prices recording gains and low grown teas fluctuating, a report said. “Prices for low grown teas tend to fluctuate whilst High and Mid Grown small leaf teas made an impressive start recording significant price gains,” Forbes […]
MAS opens 2nd industrial park, plans to invest USD 28mn in export oriented projects
(PRESS RELEASE) – With the beginning of the New Year, MAS Holdings makes preparations to commence operations at the MAS Fabric Park in Giriulla. This will become the second privately owned industrial park in the country, following the MAS Fabric Park in Thulhiriya. generic The former Kabool Lace Giriulla facility, which was shut down for […]
Oman Air introduces new baggage concept for 2017
Oman Air is delighted to announce the introduction of a new baggage piece concept for launch in January 2017. This change will help Oman Air to standardize and in many cases reduce the charges currently in place for additional luggage. All passengers travelling Oman Air from the launch of this new concept will receive one […]
Consultation task force on reconciliation handed over final report
The Consultation Task Force on Reconciliation Mechanisms officially handed over the Final Report and executive summary on the island-wide public consultations it carried out on the design of the Transitional Justice Mechanisms to Former President Chandrika Bandarnaike Kumarathunga on Tuesday the 3rd of January 2017 at the Presidential Secretariat. The report combines and provides a […]
Asanga Ranasinghe Appointed to LAUGFS Boards
(PRESS RELEASE) – LAUGFS Holdings, a diversified business conglomerate, announced the appointment of Asanga Ranasinghe to the Boards of LAUGFS Holdings and LAUGFS Gas PLC as Executive Director. He is also appointed as the Sector Managing Director of the Consumer and Retail cluster of LAUGFS Holdings, and further holds the position of the Group Marketing […]
Pakistan maritime security ships in Sri Lanka on a goodwill visit
In a display of brotherly relationship between Pakistan and Sri Lanka, Pakistan Maritime Security Ships (PMSS) HINGOL & BASOL will be arriving at Colombo Port for a 4-day port call from 05-08 January 2017. As part of goodwill, Pakistan Maritime ships frequently visit Sri Lanka. These calls are aimed at strengthening and augmenting the existing […]
Where to invest in real estate 2017
2017 promises to be an exciting year for real estate investment. With more and more developments popping up in the world’s key emerging markets, the eyes are away from Europe and the US, and onto countries such as Mexico, Philippines, Sri Lanka and Pakistan. These countries not only offer a more appealing climate zone but […]
People’s Bank unveils 7 self banking centers in Colombo
Accelerating its digitalization drive, People’s Bank proudly launched its Self Banking Center with CDM/ATM/Kiosks in seven locations in Colombo district, to provide the endless comfort of seamless transactions to customers. The attractively-designed facility will empower customers to conduct most banking functions at the Self Banking Centre without having to enter the branch itself. The launch […]