Colombo, Fastest Growing City For MasterCard Tourism Index

June 4, 2015 (LBO) – Sri Lanka’s commercial capital – Colombo leads the pack as the fastest growing city in terms of international, overnight visitor numbers in the annual MasterCard Global Destinations Cities Index, a release said.“Colombo’s ranking as the fastest growing city on MasterCard’s latest Global Destination Cities Index reflects the rising appeal of […]

”’Or, top honor of Cannes Film Festival 2015

May 25, 2015 (LBO) – Jacques Audiard’s immigrant drama “Dheepan” has won the Palme d’Or, the top honor of the Cannes Film Festival, foreign media reported. “Dheepan” is about a trio of Sri Lankans who pretend to be a family in order to flee from Sri Lanka for a housing project in France. The runner-up […]

‘s accusations ; Ready for TV debate

May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the country’s attention away from the current Treasury bond scam which took place under “Yahapalanaya” rule and challenged a television debate. “My attention is drawn to several recent accusations and […]

US trade gap hits six year high as imports surge

May 06, 2015 (LBO) – The United States trade deficit has widened by 43.2 per cent in March 2015 against the previous month, country’s Census Bureau announced Tuesday. The trade deficit was 51.4 billion US dollars in March, up 15.5 billion US dollars from 35.9 billion US dollars in February 2015. “This is the largest […]

” rescue mission begins

Apr 26, 2015 (LBO) – India has begun its efforts to rescue people trapped in Nepal where a massive earthquake of 7.9 magnitude left over 1,900 people died. It is also reported that tremors measuring 5.5 on Richter Scale has hit Nepal again on Sunday morning though no loss of life or destruction has so […]

Sri Lanka up 5 notches in World Happiness Report 2015

Apr 24, 2015 (LBO) – Sri Lanka’s happiness has climbed five places to rank at 132 position bagging 4.271 points in the latest World Happiness Report published on Thursday. The country was ranked 137th in the second edition of the report published in 2013. Switzerland topped the ranking while Iceland bagged the second place in […]

Sri Lanka ranked 19th in creative productivity index by ADB

Sep 15, 2014 (LBO) – Sri Lanka ranked 19th in creative productivity index which was jointly developed by Asian Development Bank and Economist Intelligence Unit (EIU) to give policy makers a to assess how best to foster creativity and innovation in 22 Asian economies.“As countries seek to innovate to avoid middle-income traps, all governments especially […]

Trade Agreement

September 10, 2014 (LBO) – Sri Lanka and China in talks to finalize a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Mutual Recognition of Standards Lack of mutual recognition of standards between two […]

Free Trade

September 03, 2014 (LBO) – Sri Lanka and China in talks to finalise a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. Coverage of Goods For most of China’s FTAs partners, the agreements have […]

Paradise Isle: Fast police bikes, faster legs

July 4, 2014 (LBO) – Sri Lanka’s police acquired its largest fleet of high-speed patrol motorcycles this week, but even before they could be unleashed to tame errant motorists, traffic police demonstrated their skills in…err running. Hopefully, there will be very little wear and tear because there aren’t many roads where a Yamaha 600 cc […]

Digital Commerce

Feb 18, 2014 (LBO) – Every day we are moving closer to having almost as many mobile subscribers as there are people on earth. Close to 40 percent of the world’s population arenow ˜online’ and some 750 million households globally are connected to the internet. New devices and platforms such as smartphones are constantly shaping; […]

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