Category:
Colombo City Centre Mall to opens doors today
Sept 19, 2018 (LBO) – Sri Lanka’s Colombo City Centre mall by Abans and NextStory Group will open to the public at 4.30 pm today. Conveniently situated by the scenic Beira Lake at the heart of the city, this ultra-modern lifestyle destination has been billed as Sri Lanka’s first international fashion mall. The mall will […]
FAO-EU to support improving the role of women in agriculture through training
Sept 19, 2018 (LBO) – A two-day training programme on the integration of women in the agriculture sector was held with representatives from ministries, private sector, civil society, academia, and development partners taking part in the event. Training is an integral part of the United Nations Food and Agricultural Associations FAO-EU FIRST policy advice facility and […]
Sri Lanka records GDP growth of 3.7-pct
Sept 19, 2018 (LBO) – Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first quarter was slightly lower at 3.5 percent. The GDP at constant (2010) prices for the second quarter of 20 18 recorded as 2, 264,445 million rupees, and GDP […]
‘s rooftop solar power project
Sept 19, 2018 (LBO) – The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the Asian Development Bank for the rooftop solar power generation project. The main objective of this project is to support government’s “Battle for Solar Power Programme” to achieve […]
“Disrupt Asia 2018” emphasizes importance of continuity in collaboration, youth participation and industry development
(PRESS RELEASE) The 2018 edition of Disrupt Asia, Sri Lanka’s Premier Start-up Conference and Innovation Festival, was successfully concluded recently at the Trace – Expert City with the participation of a large number of individuals connected to the growing startup industry in Sri Lanka.Organized by the Information and Communication Technology Agency of Sri Lanka (ICTA), […]
SLASSCOM launches program with Uni of Colombo for data science and AI
Sept 18, 2018 (LBO) – The Center for Data Science, Department of Statistics, University of Colombo will launch a training program in fundamentals of data science, establishing it as the third pillar within Sri Lanka’s ICT Exports. The course fee of this program is subsidized through the National Export Strategy (NES) initiatives through the Export Development […]
‘s real-estate
Sept 18. 2018 (LBO) – Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka’s luxury/semi luxury and affordable real-estate projects. “We want to deploy an additional fund of US 50 million dollars in Sri Lanka’s real-estate market and are looking at two major verticals,” Rohan Parikh, Managing Director, Iconic […]
Sri Lanka rupee falls to new record low: ASPI down by 1.0-pct
Sept 18, 2018 (LBO) – Sri Lanka’s rupee hit an all time low of 166.60/65 to the US dollars in mid-day trading while the islands stocks also fell below 6,000 points, Tuesday. Colombo’s All Share index fell to its lowest recorded for 2018 to 5,973.33, down 55.16 points or 0.93 percent. Market turnover was 753 million rupees, a […]
Sri Lanka tops South Asia in human development index 2017
Sept 18, 2018 (LBO) – Sri Lanka has been classified under the “High Human Development” category, with a Human Development Index value of 0.770 , and ranked 76 out of 189 countries in 2017, a statement said. Between 1990 and 2017, Sri Lanka’s HDI value increased from 0.625 to 0.770, an increase of 23.2 percent. […]
Sri Lanka Govt. cuts VAT on imported fabric by 5-pct
Sept 18, 2018 (LBO) – Sri Lanka’s Finance Ministry issuing a gazette amended the Value Added Tax (VAT) act further to reduce the VAT on imported fabric to 5 percent in a bid to help small scale industrialists under the enterprise Sri Lanka scheme.“The Minister of Finance and Mass Media MangalaSamaraweera considering the requests made […]
Lankapak 2018 concludes with Rs.10Mn initiatives launched to boost SME packaging
Sept 17, 2018 (LBO) – Sri Lanka’s Lankapak 2018 concluded over the week-end with strong Indian participation and 10 million rupees initiatives launched to boost SME packaging, competitiveness in the island. “Printing and packaging are important elements in branding Sri Lanka to the global markets, especially for our SMEs striving for international markets,” said Rishad Bathiudeen, minister of industry and […]
‘s Colombo port
Sept 17, 2018 (LBO) – The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern vessels is owned by the best Cruise Liner Company Viking Cruise Lines of Norway. With operational headquarters in Basel, Switzerland, Viking currently operates a […]