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MullenLowe moves Sri Lanka operations to ultramodern office
MullenLowe Sri Lanka, the local office of the MullenLowe network – a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at 125, Kynsey Road, Colombo – 7, on the 19th of January under the patronage of Hon. Eran Wickramaratne – Deputy Minister of Public Enterprise Development and Member of Parliament (MP) […]
Sri Lanka should rethink immigration, diaspora policies: Hausmann
Jan 10, 2016 (LBO) – Sri Lanka should rethink its immigration, diaspora and product development policies so as to encourage more complexity in exports, economist Ricardo Hausmann of Harvard University said in Colombo on Monday. Immigrants and diaspora bring with them significant know-how and skills necessary for the setting up of new industries, a process […]
Singer crosses Rs.1bn worth Huawei smartphone sales in December, Records 77-pct sales growth in 2016
(PRESS RELEASE) – Huawei, a leading smartphone brand in Sri Lanka, announced that Singer Sri Lanka, the exclusive national distributor for Huawei smartphones, has successfully surpassed Rs. 1 bn Huawei smartphone sales generated solely inthe month of December 2016. As a trusted, state-of-the-art brand amongst the general public, Huawei together with Singer enhanced their […]
‘s globally acclaimed legal luminary Justice Weeramanthry
The Muslim Community in Sri Lanka is deeply saddened by the demise of one of Sri Lanka’s most eminent jurists and a globally acclaimed legal luminary, Sri Lankabhimanya Christopher Gregory Weeramantry. Justice Weeramantry was a Judge of the Supreme Court of Sri Lanka from 1967 to 1972 and was a Judge of the International Court […]
‘s credit rating upgrade depends on IMF compliance: Fitch
Jan 10, 2017 (LBO) – Sri Lanka’s potential improvements in sovereign credit profiles will depend on the country’s level of compliance with IMF conditions, as implementation risks are often high, Fitch Ratings says. Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in several frontier markets that entered […]
PM says land identified for industry needs for next decade
Jan 06, 2017 (LBO) – Sri Lankan government has already identified lands for the industry needs in the country for the coming 10 to 15 years, Prime Minister Ranil Wickremesinghe said. Addressing a gathering at the RIGID Tyre Plant event Wickremesinghe said the government is ready to formulate new laws for investors while encouraging them […]
Sri Lankan shares rise on bargain hunting, snap 5-day losing streak
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares. Foreign investors turned net buyers on Friday after offloading shares for five straight sessions. The bourse hit a nine-month low […]
Trinco port to India followed by Hambantota to China: JVP
Jan 06, 2017 (LBO) – Sri Lanka’s marxist JVP says the island nation will have to let India control the Trincomalee harbour as a result of giving Hambantota Port to China. Party leader Anura Dissanayake told a public gathering that the Hambantota port deal is a part of the Chinese maritime silk road which ultimately […]