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Asia will grow at 6-pct in 2018, Trade risk warnings: ADB
Apr 12, 2018 (LBO) – The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 per cent from 5.8 per cent, citing solid export demand, but said US protectionist measures and any retaliation against them could undermine trade. Growth in developing Asia would only ease slightly to 5.9 per cent […]
Sri Lanka Govt call for expediting activities related to exploration and production of petroleum
Apr 12, 2018 (LBO) – Sri Lanka’s cabinet of ministers has called for an action plan for expediting the activities related to exploration and production of petroleum. It has been planned to enter in to agreements with selected companies to explore the petroleum in Eastern Coastal area and shallow sea areas, a cabinet statement said. “The attention […]
LAUGFS Car Care continues expansion with launch of new service station in Galle
(PRESS RELEASE) – Marking another momentous milestone, LAUGFS Car Care enters the Southern Province with the launch of its first brand-new service station in Galle. Renowned for its commitment to delivering uncompromising service standards for clients of all vehicle types, this newest addition will further strengthen LAUGFS Car Care’s network of service stations across the […]
European Union parliament delegation visits BoI Katunayake
Apr 11, 2018 (LBO) – A delegation consisting of 6 members of the European Parliament visited the Katunayake Export Processing Zone following an invitation by the Management of Board of Investment of Sri Lanka. The delegation consisting of Mr. Jan Zahradil Member of the European Parliament (MEP) and Leader, MSajjad H Karim( MEP), Paul Rubing(MEP), […]
President calls for proposals to solve problems in construction field
Apr 11, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena advised the Secretary for Ministry of Skills Development and Vocational Training to prepare a proposal for finding solutions to fill the shortage of workmen in construction field.The President further advised to form a special committee jointly headed by the Secretaries of Ministry of Skills Development […]
‘s Port City ready for investors
Apr 11, 2018 (LBO) – CHEC Port City Colombo (Pvt) Ltd., presented the Development Control Regulations (DCR) for the Colombo Port City project.to the authorities, Tuesday. “This is a signal for the marketing team to sell it as real estate,” Minister of Megapolis and Western Province Development Champika Ranawaka said at the presentation ceremony in Colombo. […]
Sri Lanka launches guide to manage public enterprises
Official Launch of “Handbook on Good Governance for Chairmen and Boards of Directors of Public Enterprises” Speaker’s speech. 10th April 2018 – Auditorium of CA Sri Lanka, Malalasekara Mw, Colombo 07. I am pleased to be here with you on the occasion of launching of the Handbook on Good Governance for Chairmen and Board of Directors of Public Enterprises. […]
EU to turn on new law amidst Facebook, YouTube criticized for data misuse
Apr 10, 2018 (LBO) – European Union’s wide data protection instrument, the General Data Protection Regulation (GDPR) will become directly applicable on 25 May 2018, two years after its adoption and entry into force. On 6 April 2016, the EU agreed to a major reform of its data protection framework, by adopting the data protection […]
Shop with FriMi at Keells outlets island-wide
FriMi, the innovative payment platform recently added KeellsSuper to its growing list of partner merchants. FriM iusers can now enjoy a revolutionary shopping experience at KeellsSuper island-wide and enjoy exclusive FriMi offers when they shop. Elaborating on the ease of using FriMi for everyday transactions FriMi Digital Bank(Nazeem Mohamed – Head of FriMi Digital Bank) stated;“Our […]
Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min
Apr 10, 2018 (LBO) – Sri Lanka’s government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI) in 2018, and to double it to US 5 billion by 2020, a statement said. In 2017 the the highest FDI inflows came from China, followed by Hong Kong, India and Singapore, the […]
Sri Lanka to despatch its largest ever trade delegation to London
This year Sri Lanka will despatch its largest ever business and trade delegation targeting the Commonwealth. Sri Lanka is also scheduled to unveil its new country branding & slogan for its ICT sector in London next week. “Sri Lanka is one of the Strategic Partner Countries of 2018 CBF. Therefore the Department of Commerce under […]
For the first time in Sri Lanka, eZ Cash launches ‘Top-up’ via bank accounts
Sri Lanka’s first and largest Mobile Money and Payment Service, eZ Cash, announced the launch of a new feature that enables customers to top-up their eZ Cash wallets via bank accounts on its cutting edge eZ Cash app. The Bank top up feature supplements the recently introduced QR Scan and pay option which enables smart […]