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SriLankan Engineering welcomes its latest customer Air Seychelles
Sep 24, 2019 (LBO) – SriLankan Engineering, the aircraft Maintenance Repair Organisation (MRO) of SriLankan Airlines, welcomed a new airline customer – Air Seychelles – for which it carried out an ‘A-check’ on an Airbus A320 aircraft in its specialized A320/A321 hangar at the National Carrier’s main hub at Bandaranaike International Airport. SriLankan Engineering possesses […]
Grace period for motor vehicles pending clearance at Hambantota Port
Sep 24, 2019 (LBO) – Sri Lanka’s government has decided to declare a grace period for motor vehicles imported during the period of January 2015 to November 2017 but pending the Customs clearance at the Hambantota Port subject to following criteria. Said motor vehicles imported by an importer/individual based on the Letter(s) of Credit established […]
‘s Hambantota Maritime Centre 95-pct occupied: HIPG
Sep 24, 2019 (LBO) – Eighteen months to the formation of HIPG, the public-private partnership between CMPort and the Sri Lanka Ports Authority (SLPA), to manage the Hambantota International Port (HIP), the company has made progress. Groups of potential investors are visiting the now thriving port to determine its forward development plans and to see […]
Expolanka settles litigation against US subsidiary with USD6.75mn payment
Sep 24, 2019 (LBO) – Expolanka’s US-based fully owned subsidiary, Expolanka USA LLC, at a mediation held in New Jersey has resolved to conclude a dispute with RCS Logistics Inc with a payment of 6.75 million US dollars without the acceptance of liability. The company said in a stock exchange filing that the payment is […]
Ceylon Chamber’s ‘Future of Business’ event to help reimagine future of work
Reimagining the future of work, will be the focus of the Ceylon Chamber’s third consecutive ‘Future of Business’ innovation strategy and learning event. This is ideal for leading Sri Lankan companies, SMEs and family owned businesses to gain unique and practical insights that can transform their businesses. The event will be a platform to learn […]
Youth leaders pressure governments and business for climate emergency
Sep 24, 2019 (LBO) – Youth leaders vowed continued pressure on governments and business for urgent action to address climate emergency at UN Youth Climate Summit Following massive rallies around the world for climate action. A day after thousands of young people marched and rallied for urgent climate action, young leaders brought their message to […]
Tea top exporter Anverally and Sons wins 3 accolades
Recognised at Presidential Export Awards and National Chamber of Exporters’ Awards Anverally and Sons (Pvt) Ltd., one of Sri Lanka’s oldest and most respected exporters of tea, with a history of 129 years, won three prestigious awards on consecutive days last week, demonstrating the Company’s continuing dynamism. Currently ranked one of the largest tea exporters […]
Sri Lanka headline inflation increased in August; core inflation declined
Sep 24, 2019 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.4 percent in August from 2.2 percent in July 2019. The Central Bank said the low base that prevailed in the corresponding month of the previous year and the monthly increases of […]
Dilrukshi Dias debacle – PM releases a special statement
September 24. 2019 (LBO) – The Prime Minister of Sri Lanka Ranil Wickremesinghe has released a special statement on the controversy surrounding Solicitor General Dilrukshi Dias Wickremesinghe. The Solicitor General is the second highest ranking official in the Attorney General’s department. Before being appointed as Solicitor General by President Maithripala Sirisena, she served as a […]
Future of Sri Lanka Tourism
September 23, 2019 (LBO) – Prime Minister Ranil Wickremesinghe was the chief guest at the annual 2019 Cinnamon Hotels Future of Tourism Summit. The highlight of the summit was a discussion between the Prime Minister and CNN’s foremost international business correspondent Richard Quest, host of the program: Quest Means Business. The Summit was put together […]
Vehicle registrations marginally down in August 2019
Sep 23, 2019 (LBO) – Sri Lanka’s total motor car registrations recorded 2,385 units in August down from 2,584 units in July and significantly down from 7,003 units 12 months ago, a new report shows. Brand new cars recorded 361 units in August up from 299 units in July and significantly down from 890 units […]
Mobitel joins hands with Peradeniya Uni to conduct research on Kandy air pollution
Sep 23, 2019 (LBO) – Air pollution is becoming an eminent threat to humanity and long-term health effects from air pollution include heart disease, lung cancer, and respiratory diseases such as asthma. Air pollution can also cause long-term damage to people’s nerves, brain, kidneys, liver, and other organs. Understanding the impact of air pollution in […]