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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 […]
Buddhist monks find Pakistan different from what int’l media projects
The delegation of Buddhist monks from Sri Lanka Wednesday said they found Pakistani people peace-loving, hospitable and generous which is different from what international media projects. Speaking at the concluding ceremony of ‘Vesak Mela’ celebrations arranged by National History and Literary Heritage (NH&LH) Division, the Buddhist monks said, “The hospitality, love and respect shown by […]
DFCC sells stake in Commercial Bank to subscribe for rights issue
May 25, 2017 (LBO) – Sri Lanka’s DFCC Bank Wednesday sold 1.18 percent of the issued voting shares in Commercial Bank, the bank said in a stock exchange filing. Accordingly, 10 million shares were sold at 138 rupees per share, and the bank has recognized a net capital gain of 915 million rupees. Commercial Bank’s […]
Session 02 Q&| LBR LBO Brand Summit 2017
Session 02 Q&A | LBR LBO Brand Summit 2017
Sri Lanka to reform methods of assigning leadership
May 25, 2017 (LBO) – Sri Lanka’s cabinet has given the go ahead for the implementation of reforms to establish a suitable method to assign responsibilities and leadership related to relevant tasks to increase the competition on investment flows to the island. “Making reforms to increase investment flows to Sri Lanka will increase competition on […]
Session 02 Q&A | LBR LBO Brand Summit 2017
Session 02 Q&A | LBR LBO Brand Summit 2017https://youtu.be/FpRHo-jDMIw
Huawei launches GR5 2017 Premium in Sri Lanka
(PRESS RELEASE) – Huawei, the leading smartphone brand in Sri Lanka recently introduced the Huawei GR5 2017 Premiumedition to the Sri Lankan public. The new smartphone series showcases a stylish and value packed exterior along with technologically advanced features and functionality. The device optimizes its offerings in the form of a dual-back, professional level camera […]
Sri Lanka to build 1,040 MW hybrid energy park in Punarin
May 24, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to build an energy park of 1,040 MW of power in Punarin area in line with the government’s policy. Under this proposal, construction of a hybrid energy park consisting of 240 MW of wind power and 800 MW of solar power will be […]