Category: Other
Ford partners and JEN to support 50 families in Kilinochchi
Ford Motor Company, represented in Sri Lanka by Future Automobiles, a subsidiary of Softlogic Holdings, has awarded a grant to JEN (Japan Emergency NGO) to carry out an agricultural livelihood project in Kilinochchi. Utilising the funding from Ford, JEN will be able to assist people who have returned from displacement regain their livelihood through agriculture. […]
DIMO appoints 4 new directors to the Board
Diesel & Motor Engineering PLC (DIMO) recently appointed four new directors to its Board effective from 1st June 2016. The new directors are Mr Asite Talwatte, Mr Vijitha Bandara, Mr Wijith Pushpawela and Mr Chaminda Ranawana. Mr Asite Talwatte is the former Country Managing Partner at Ernst & Young, a position in which he served […]
Huawei to reveal duo entry-range smartphones in Sri Lanka
According to a reliable source within the company, Huawei is set to launch two new-entry range smartphone in Sri Lanka. The devices are believed to be targeted at the highly competitive entry-range smartphone market in the country. According to company sources the devices would be under the much successful Huawei Y-series smartphones and will be […]
Criticizing Ravi on VAT is baseless – Rishad
Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen came on strong to defend his embattled Cabinet colleague, Finance Minister Ravi Karunanayake. “Many times Minister Karunanayake is criticized more than the government regarding VAT. I would like to ask this August House on what logical basis that Hon Minister Karunanayake could be criticized?” asked Minister […]
South Korea cuts base rates by 25bps first time in 12 months
June 10, 2016 (LBO) – South Korea’s central bank yesterday decided to cut the base rate by 25 basis points to 1.25 percent amid risks to growth from domestic and international markets. Releasing a statement, the Monetary Policy Board said it will ensure the recovery of economic growth continues and consumer price inflation approaches the […]
South Asia developing 7.1 pct; Sri Lanka falling behind on debt, growth
June 10, 2016 (LBO) – Growth in South Asia is expected to reach 7.1 percent in 2016 and strengthen to 7.3 percent by 2018, underpinned by robust domestic demand, the World Bank said in its Global Economic Prospects report. In the near term, consumption spending continues to benefit from low oil prices and modest inflation […]
CA Sri Lanka’s strategy summit makes comeback
Following the overwhelming demand from the country’s corporate elite, the Strategy Summit organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is making a comeback for the second consecutive year. This year’s summit, which will be held on the 26 and 27 July 2016, will see four […]
Travel bloggers experience SriLankan Airlines flight simulator
In yet another of its numerous efforts to promote Sri Lanka as a global tourism destination of choice, SriLankan Airlines welcomed participants to the Cinnamon Travel Bloggers Conference Asia & Awards 2016 by giving more than 40 bloggers a thrilling experience on the flight deck of an Airbus A330 Full Flight Simulator at Bandaranaike International […]
Sri Lanka Ports Authority calls EOIs to develop East Container Terminal
June 09, 2016 (LBO) – The Sri Lanka Ports Authority has invited expressions of interest to develop the East Container Terminal of the Colombo Port on a build operate transfer (BOT) basis. The terminal in its present form has a 440-meter long 18-meter deep quay wall, a 20-ha yard area and connected facilities developed by […]
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) – Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, instead of a temporary solution. Sharing an office space used to be seen as little more than a short-term answer for start-ups on a budget or entrepreneurs seeking company. However, of the […]
BOI facilitates Japanese investors at meeting with Japanese chamber of commerce and industry
The Board of Investment of Sri Lanka hosted the annual Japan-Sri Lanka Government Private Sector Joint Forum for existing Japanese Companies based in Sri Lanka and operating projects under the BOI regime. This is the 8th such Forum where the BOI is hosting Japanese enterprises. The Forum is an ongoing process whereby Japanese investors […]
India plans expanded missile export drive, with China on its mind
June 9 (Reuters) – India has stepped up efforts to sell an advanced cruise missile system to Vietnam and has at least 15 more markets in its sights, a push experts say reflects concerns in New Delhi about China’s growing military assertiveness. Selling the supersonic BrahMos missile, made by an Indo-Russian joint venture, would mark […]