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Mahinda Deshapriya meets Speaker of Parliament Karu Jayasuriya
Feb 16, 2018 (LBO) – Chairman of the Election Commission, Mahinda Deshapriya today met Speaker Karu Jayasuriya after successfully concluding the local government election. Speaker Karu Jayasuriya thanked every officer in the Election Department and other government offices who participated in this exercise. Chairman of the Election Commission informed the Speaker about a possible amendment […]
DIMO launches German-certified Automobile Mechatronics course
(PRESS RELEASE) Diesel & Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will beoffering a three-year course paving the way for students to obtain a German qualification in Automobile Mechatronics. Accredited by the German Chamber of Commerce, this is the first time such a course is offered in Sri Lanka. […]
Nawaloka Hospital opens dedicated specialist centre for channelling
Sri Lanka’s pioneer in premium private healthcare, Nawaloka Hospital PLC set another benchmark in the country’s health sector by opening its dedicated ‘Specialist Centre’ for Channelling and medical services which brings together over 500 consultants from various disciplines under the same roof. The Specialist Centre built with an investment of Rs.5 billion, as the fourth […]
JLL Sri Lanka sponsors first PropertyGuru Asia Property Awards in Colombo
(PRESS RELEASE) The PropertyGuru Asia Property Awards (Sri Lanka), the premier industry awards ceremony that will be held for the first time in Colombo in 2018, welcomes the support and sponsorship of JLL Sri Lanka, the country’s leading professional real estate services firm. Following the unprecedented success and overwhelming positive reception from Sri Lankan developers that […]
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) – Sri Lanka’s insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written Premium (GWP), at the end of third quarter of 2017, recording an increase of 15,862 million rupees when compared to the same period in 2016. The […]
Construction sector challenged by continued labour shortage: report
RIU report 2018 – The construction industry is worth approximately USD 8 Bn and is already under strain owing to rising construction costs.This industry is challenged by a shortagein skilled construction workers due to two factors; firstly, there is a large number of potential labour who seek employment as trishaw drivers and secondly, due to worker […]
Innovative Smart Solutions to revive electronic manufacturing in Sri Lanka
Feb 16, 2018 (LBO) – Innovative Smart Solutions (Pvt) Limited (iS2) launched their ‘SmartHome’ product line under the brand name Ape with the intention of reviving electronic manufacturing in Sri Lanka, in Colombo recently. Ape users will be able to control their electrical devices such as lights, fans etc. remotely using their mobile phones. The […]
Mobitel named fastest mobile network in Sri Lanka by Ookla
Ookla has declared the National Mobile Service Provider, Mobitel, its Speedtest Award Winner for having the Fastest Mobile Network in Sri Lanka. Speedtest Awards are licensed to Internet Service Providers and mobile carriers around the world that are determined by Ookla to be the fastest in their market. Sri Lanka’s Award was determined using a proprietary […]
CB extends suspension of Pan Asia Bank primary dealer activities for 6 months
Feb 15, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension from carrying on primary dealer activities by Pan Asia Bank for a period of six months. Central Bank said the extension which will be effective from today will help them to continue with the investigations being conducted. Central […]
Colombo Coffee Company opens Sri Lanka’s first dedicated coffee store
The flag carrier for Lavazza Coffee and the only total coffee solutions provider in Sri Lanka, Colombo Coffee Company (CCC) recently opened doors to Sri Lanka’s first dedicated coffee store. The one-of-a-kind store located at Ward Place was declared open by Chairman of CCC Ajith Dias. Directors Lalin Dias and Hiran Embuldeniya were also present. […]
President officially appoints Commission to probe corruption at Srilankan and Mihin
Feb 15, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena yesterday formally presented a letter of appointment to the Presidential Commission to investigate into alleged frauds and corruptions at SriLankan Airlines and Mihin Lanka Airlines. The Committee will be headed by retired Supreme Court Judge Anil Gunaratna. Court of Appeal Judge Gamini Rohan Amarasekara, Retired High […]
Piramal Glass Ceylon gross profit crosses Rs1Bn
For the nine months ended Dec 31, 2017 the overall turnover of Piramal Glass Ceylon was on par with the previous year’s sales of Rs.5 billion mark. The domestic sale for the period was Rs.3,375 million as against the previous year’s Rs. 4,065 million depicting a drop of 17%, whilst the export market showed a […]