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Sri Lanka flood and landslide death toll rises to 25
May 26, 2017 (LBO) – The death toll from torrential rain across Sri Lanka has risen to 25 persons with more than 42 people reported missing, the island’s Disaster Management Centre said Friday. The Disaster Management Centre said that over 7,800 people belonging to 2,811 families were affected in seven districts. Sabaragamuwa Province is worst […]
Lankem Ceylon acquires injection moulding firm for Rs150mn
May 26, 2017 (LBO) – JF Packaging Private Limited, a fully owned subsidiary of Lankem Ceylon, has acquired a firm engaged in the business of injection moulding. Lankem Ceylon said in a stock exchange filing that the acquisition of 100 percent stake in Alliance Five Private Limited took place Wednesday for 150 million rupees. Earlier […]
Sri Lanka to retain public ownership of Lanka Sathosa
Sri Lanka promptly shot down raging claims that the government owned Lanka Sathosa chain is to be sold to a diversified conglomerate in the country. “Though we usually do not bother about such social media propaganda, since a leading company is also mentioned, I am highlighting the truth here today” stressed the Minister of Industry […]
Ravi assumes duties as foreign minister, pledges to bring in more investment
May 26, 2017 (LBO) – Sri Lanka’s new Foreign Minister Ravi Karunanayake who assumed duties at the ministry Thursday pledged to focus on bringing in investment to the island. “We will focus on bringing in investment from counties like the US, India and China,” he told reporters in Colombo while accepting his duties. “Sri Lanka […]
| LBR LBO Brand Summit 2017
From cookie cutter to Hyper-individualization – Himalee Madurasinghe | LBR LBO Brand Summit 2017
‘s trade deficit widens substantially this year
May 26, 2017 (LBO) – Sri Lanka’s trade deficit widened substantially in the first two months of the year, while a moderation in tourist earnings and a modest growth in workers’ remittances resulted in a subdued external sector, the central bank said in a statement. “The deficit in the trade balance widened substantially to US […]
From cookie cutter to Hyper-individualization – Himalee Madurasinghe | LBR LBO Brand Summit 2017
From cookie cutter to Hyper-individualization – Himalee Madurasinghe | LBR LBO Brand Summit 2017https://youtu.be/fabg4XVgK7E
”s Investment Conclave
May 25, 2017 (LBO) – Sri Lanka will launch its ‘Private Public Partnership (PPP) Unit’ at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place 30th May to 1st June 2017 in Colombo. The unit formed with cabinet approval is mandated to source investment from both national and international private sectors […]
Developer reacts to CB Governor’s comments on apartment industry
(PRESS RELEASE) Responding swiftly and strongly to the statement made by the Governor of the Central Bank with regard to the apartment development industry, stalwarts of the industry have stated that it was irresponsible and damaging. “I know we are living in a post truth world, but some of the broad generalizations made by the […]
Sri Lanka tea export volumes down in April, revenue up
May 25, 2017 (LBO) – Sri Lankan’s tea exports fell to 20.1 million kilos in April 2017, a nine percent dip from a year ago, but revenue was up, Forbes and Walker Tea Brokers said. “Tea Exports for the month of April 2017 totaled 20.1M/kgs vis-à-vis 22.1M/kgs of April 2016 thus showing a decrease of […]
Dialog starts operations of 4.5G LTE home broadband in Colombo
Sri Lanka achieved yet another milestone on the region’s broadband technology landscape this week, as Dialog Axiata announced the launch of its commercial 4.5G TDD LTE network. The roll-out of South Asia’s first commercial 4.5G TDD LTE network with Dialog’s Home Broadband services will be initially available in selected zones in the city of Colombo, […]
Australia, Sri Lanka partner to fight chronic kidney disease
May 25, 2017 (LBO) – Australian Nuclear Science and Technology Organisation (ANSTO) Thursday signed an MOU with the Presidential Taskforce to assist in the fight against chronic kidney disease of unknown aetiology (CKDu). Sri Lanka’s High Commissioner to Australia, Somasundaram Skandakumar, and the CEO of ANSTO, Dr Adi Paterson, signed an MOU that will see […]