Category: Other
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 […]
António Guterres begins term as 9th Secretary General of United Nations
The incoming United Nations Secretary-General António Guterres officially begins his 5 year term today after being sworn in on the 12th of December. Guterres, a former Prime Minister of Portugal (1995 to 2002) and former UN High Commissioner for Refugees (2005-2015) took the oath of office on the 12th December following the Assembly’s tribute to […]
‘s LankaPay Common ATM Network
(PRESS RELEASE) – ICICI Bank, India’s largest private sector bank by consolidated total assets, recently joined ‘LankaPay Common ATM Network’, the national payment network that facilitates high quality electronic financial services at affordable prices in a secure, reliable and convenient manner to all in Sri Lanka. This marks a definitive step towards enriching customer experience. The […]
2017 will be decisive for Sri Lanka: Mahinda Rajapaksa
2017 will be the year in which the future of Sri Lanka will be decided. The government’s devolution package to divide the country into what they call ‘distinct spheres of authority’, the ETCA with India to open up Sri Lanka to Indian service providers and workers, the privatisation of the Hambantota harbour and other government […]