Dialog paves way for 5G with successful MIMO trial

May 24, 2017 (LBO) – Sri Lanka’s Dialog Telecom said they have successfully completed a trial of next-generation, MIMO (Multiple-Input Multiple-Output) Technology. “In the race to 5G with unprecedented improvements in network throughput and capacity, MIMO is considered the most compelling technology with superior energy and spectral efficiency,” the company said in a statement. “Dialog […]

Ravi Karunanayake wants more under his purview: reports

May 24, 2017 (LBO) – Sri Lanka’s newly appointed Foreign Minister Ravi Karunanayake wants to bring the Securities and Exchange Commission under his purview along with several other institutions, media reports said. The Daily Mirror reported that the move to place SEC under him comes in the wake of a controversial liquor company making plans […]

‘s retail sector, says Takas CEO

May 24, 2017 (LBO) – Sri Lanka’s online retail sector is booming, which poses a threat to traditional retail stores. Online stores too are battling it out for market share. Lanka Business Online spoke to Lahiru Pathmalal, the CEO of Takas.lk, one of the top online retailers in the island, to find out how the […]

‘s Lakdhanavi to build power station in Bangladesh

May 23, 2017 (LBO) – Sri Lanka’s Lakdhanavi, the power generation arm of LTL Holdings, has been awarded a contract by Bangladesh Power Development Board (BPDB) to construct a 114 MegaWatt thermal power plant in the country. The award was through international competitive bidding process, the company said a statement. The Company expects to finance […]

Nawaloka Holdings acquires machinery manufacturer & distributor Alcobronz

(Press Release) Nawaloka Holdings, a diversified conglomerate in Sri Lanka recently acquired the leading machinery Manufacturer, Importer and Distributor Alcobronz (Pvt) Limited. With over 40 years of experience in the Woodworks, Metalworks, Dust Management Systems and Aerospace Industries, Alcobronz is one of the largest manufacturers and distributors of machinery in the island. Speaking on the […]

Authentic Japanese restaurant opened at Waters Edge

Waters Edge together with Ginza: the authentic Japanese restaurant launched a one-of-a-kind restaurant recently. The Chief Guest at the opening ceremony was Minister of Megapolis and Western Development Hon. Patali Champika Ranawaka while the Guest of Honour was the Ambassador of Japan Kenichi Suganuma. Speaking on the launch of the lounge Chairman of Waters Edge […]

President Sirisena to undertake state visit to Australia

President Maithripala Sirisena will undertake a state visit to Australia on 24-26 May 2017 at the invitation of Prime Minister Malcolm Turnbull. The visit takes place as both countries celebrate the 70th anniversary of the establishment of diplomatic relations this year. During the visit, President Sirisena will hold bilateral meetings with Governor-General Sir Peter Cosgrave […]

Dialog Axiata offers pay per click rewards in Sri Lanka

May 23, 2017 (LBO) – Sri Lanka’s Dialog Axiata has entered the pay-per-click market offering Dialog and non-Dialog subscribers the opportunity to earn rewards on a daily basis. A website called Freezone.lk has been launched for this purpose which is a sponsored deal site introduced for the first time in Sri Lanka. The website provides […]

Hemas VAT Reclaim Service helps SL biz travelers recover VAT on travel costs

Hemas Travels, the local representative for Hogg Robinson Group (HRG), the global travel management company with representation in over 120 countries, has been appointed the official representative for the Cash Back, the VAT reclaim organisation with its Head Office in Switzerland. “Hemas is delighted to have been given the rights to market and sell the […]

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