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Indian Premier concludes Sri Lanka visit; pledges to strengthen relations
Jun 09, 2019 (LBO) – Indian Prime Minister Narendra Modi, who visited Sri Lanka today on an invitation extended by President Maithripala Sirisena, held discussions at the President’s House in Colombo. Prime Minister Modi was ceremoniously received by President Sirisena at the Presidential Secretariat and accorded a Guard of Honour and 19 Gun Salute. President […]
Ookla recognizes Mobitel as first Mobile 5G Network in South Asia with 1.55Gbps speed
Mobitel (Pvt) Ltd, the National Mobile Service Provider in Sri Lanka successfully reached the highest mobile 5G speeds for the first time in South Asia exceeding speeds of 1.55Gbps using a commercial 5G mobile smartphone on 7th June 2019. Following the demonstration of 5G Speed tests using a commercial 5G smartphone for the first time […]
‘s bonds after CBSL cuts rates
June 8, 2019 (LBO) – Sri Lanka’s government bond market saw net foreign outflows of US$20mn in the week after the Central Bank of Sri Lanka (CBSL) cut interest rates. These outflows reversed all the inflows that were seen in the previous two weeks and sent net foreign outflows for the year 2019 to an […]
Sri Lanka official reserves fall to USD 6.7bn by end May from 7.2bn in April
Jun 07, 2019 (LBO) – Sri Lanka’s gross official reserves were 6,732.4 million US dollars by the end of May, down from 7,212.7 million US dollars in April, latest Central Bank data showed. By the end of May, foreign currency reserves were 5,824.3 million dollars while the reserve position in the IMF was 65.9 million […]
‘s democracy
June 7, 2019 (LBO) – The truth is coming out. Dominating the news cycle in the last few days have been updates from hearings by the Parliamentary Select Committee (PSC) that is investigating Sri Lanka’s Easter Sunday terror attacks. So far four high profile figures have given riveting testimony under oath, and with access (however […]
Dutch tourists eager to visit Sri Lanka after relaxing Travel Advisory
Jun 07, 2019 (LBO) – The number of tourists from The Netherlands travelling to Sri Lanka has begun to pick up, following the relaxation of the travel advisory by the Dutch Government last Friday. In the aftermath of the Easter Sunday terrorist attacks in Sri Lanka on 21st April 2019, many countries, including The Netherlands […]
Unilever Global CEO Alan Jope makes official visit to Sri Lanka
Jun 07, 2019 (LBO) – Unilever’s Global CEO Alan Jope arrived in Sri Lanka on an official visit recently to review Unilever Sri Lanka’s operations and engage with employees of the organisation. Joining him was Sanjiv Mehta – Executive Vice President South Asia and CEO/MD of Hindustan Unilever Limited. The visit comes at a crucial […]
SriLankan named world’s most punctual airline
Jun 07, 2019 (LBO) – SriLankan Airlines has been named the world’s most punctual airline yet again, with 90.75 percent of its flights in May 2019 being ‘on-time’ throughout its route network, the company said in a statement yesterday. This is the second time in less than 12 months that SriLankan has achieved this milestone, […]
Modi to visit Sri Lanka on Sunday, 9th June
Jun 07, 2019 (LBO) – Indian Prime Minister Narendra Modi will visit Sri Lanka on Sunday June 9. He will be making the stop after the Maldives on June 8 and 9 and the visit comes following the invitation of President Maithripala Sirisena during his recent trip to India. The Indian Premier is due to […]
CB extends suspension on Pan Asia’s primary dealer unit
Jun 07, 2019 (LBO) – The Central Bank of Sri Lanka, acting in terms of the regulations made under the registered stock and securities ordinance and the local treasury bills ordinance, has decided to extend the suspension of business and activities of Pan Asia Bank’s primary dealer unit. The suspension has been extended by a […]
UK no longer advise against all but essential travel to Sri Lanka
Jun 06, 2019 (LBO) – The UK is no longer advising British travellers and tourists against all but essential travel to Sri Lanka. British High Commission said they have kept their travel advice under constant review since the Easter Sunday attacks, engaging closely with the Sri Lankan Government, the tourism industry and the police. “We […]
Dialog 5G Mobile Service shows South Asia’s fastest mobile speeds in excess of 1.4Gbps
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, showcased download speeds in excess of 1.4Gbps using a commercial 5G mobile handset, the highest speed that has been achieved via a mobile handset in South East Asia. Mobile 5G services were demonstrated on the 3.6Ghz trial spectrum that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) […]