Category:
Petroleum union negotiations successful, strike called off
Apr 25, 2017 (LBO) – The Ceylon Petroleum Corporation (CPC) unions called off their strike late on Monday following successful discussions with Sri Lanka’s Prime Minister and Petroleum Minister Chandima Weerakkody. Employees of the Ceylon Petroleum Cooperation launched a strike from midnight Sunday opposing an agreement to be signed with India regarding developing the Trincomalee […]
Hilton group officials meet Finance Minister in Washington
Apr 24, 2017 (LBO) – Following the landmark deal by Hilton to manage six more hotels in Sri Lanka, senior management of Hilton recently met visiting Finance Minister Ravi Karunanayake in Washington D.C. on the sidelines of the World Bank and IMF meetings. Senior Vice President of Hilton Jonas Neihardt met with Karunanayake, facilitated by […]
Australia reveals details of temporary skilled migration reforms
Apr 24, 2017 (LBO) – The Australian Government recently announced changes to their employer-sponsored temporary skilled work visa arrangements with the most significant change in the current visa for temporary skilled workers. The current visa for temporary skilled workers (the 457 visa) will be replaced by a new Temporary Skill Shortage (TSS) visa in March […]
Mastercard hosts knowledge sharing session on risk management
Mastercard recently hosted 50 senior electronic payments industry representatives at its Risk Management workshop in Colombo. The event is part of an ongoing series of knowledge-sharing sessions organized by Mastercard to share global learnings and gain local insights from market partners. The day-long workshop saw Rajeev Kumar, Customer Fraud Management, South Asia, Mastercard and Christopher […]
CICT attracts first new service to Colombo from Ocean Alliance
(PRESS RELEASE) – Colombo International Container Terminals (CICT) recently welcomed the maiden call of CMA CGM Nabucco, the first vessel under the Ocean Alliance to call on the Port of Colombo. The vessel operated by CMA CGM was the first in a new weekly service attracted to Colombo by CICT this year, and will operate […]
WB and IMF to send team for solid waste management
Apr 24, 2017 (LBO) – World Bank and the International Monetary Fund have agreed to send a special team to the island to inspect solid waste management, the finance ministry said in a statement. The comments were made to Finance Minister Ravi Karunanayake during the G24 Finance Ministers’ meeting where the current economic performance of […]
Sri Lanka stocks get Rs14.3 bln foreign inflow, ASPI +4.9 pct in 2017
Apr 24, 2017 (LBO) – The Colombo Stock Exchange (CSE) in recent weeks has seen interest among foreign institutional investors, with the ASPI rallying 4.9 percent so far this year on foreign inflows of 14.3 billion rupees. The Benchmark ASPI recorded consistent gains in April crossing the 6,500 mark on Thursday. The S&P SL 20 […]
Fairway Waste Management says processing facility on schedule
Apr 24, 2017 (LBO) – Fairway Waste Management said its solid waste processing facility, being built in Colombo, was an important step taken recently to tackle Colombo’s solid waste problem. “In the aftermath of the recent unfortunate incident in Meethotamulla, the ‘Waste Free-Clean City’ project in Karadiyana, which has been awarded to Fairway Waste Management […]
Samsung Galaxy S8 & S8+ launched in Sri Lanka
Apr 22, 2017 (LBO) – Samsung officially launched its flagship Galaxy S8 and Galaxy S8+ in Sri Lanka during a unique concert held in Colombo yesterday. The handsets will now be up for pre-orders with its shipping to be start on May 5. The Galaxy S8 comes with a price tag of 129,600 rupees while […]
SriLankan Airlines conducts specialized training for staff at BIA
SriLankan Airlines further enhanced its customer service capabilities with more specialized training for its airport service staff at Bandaranaike International Airport (BIA) to serve passengers of all airlines even better. SriLankan Airlines is the sole airport ground handler for all airlines that operate to BIA in Colombo, where it annually handles nearly 9 million passenger […]
Implications for Office on Missing Persons from Presidential powers: Verite
Apr 21, 2017 (LBO) – Sri Lanka’s nineteenth amendment (19A) to the constitution which placed limitations on the powers of the President have implications on the operation of the Office on Missing Persons (OMP), a research report showed. Research conducted by the head of legal at Verité Research, Sabrina Esufally, argues that the constitution and […]
Shangri-La opens luxury paradise apartments for viewing
(PRESS RELEASE) – Colombo’s once static skyline is now in the midst of a vast transformational process and at the forefront of this immense development is Shangri-La, Asia Pacific’s leading luxury hotel, resort and residential group, with its very first mixed development project, One Galle Face. A rendition of the luxury apartment, the ‘New Show […]