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SriLankan Aviation College takes airline training to Jaffna, Batticaloa, Galle and Kurunegala
The SriLankan Aviation College has appointed Nawaloka Air Services as its franchise partner to expand airline training to four provinces, providing invaluable opportunities for young Sri Lankans in the Northern, Southern, Eastern and Northwestern Provinces to embark upon rewarding careers in the global air transport and hospitality industries. The franchise agreement was signed on 5th […]
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) – Sri Lanka’s TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue recorded was 17.8 billion rupees, a 30 percent increase. “The boost in profits can be directly attributed to the synergy from acquisitions,stringent cost control initiatives,cutting edge Innovations, and […]
London Stock Exchange shifts shared services to Sri Lanka; hiring staff
May 19, 2016 (LBO) – International markets infrastructure provider London Stock Exchange Group will hire up to 400 highly skilled Sri Lankans as it has decided to shift part of its technology and business functions here. The new company to be formed under the name of London Stock Exchange Business Services Colombo limited is currently […]
Japan grants Rs2.2bn to establish research facility for Jaffna University
The Government of Japan grants 1,667 million Japanese Yen (approximately Rs. 2.2 billion) to the Government of Sri Lanka for the Establishment of a Research and Training Complex at the Faculty of Agriculture, University of Jaffna in Kilinochchi District of the Northern Province. The objective of this project is to provide effective and efficient research […]
International Waters Conference Concludes in Sri Lanka
The 8th Global Environment Facility Biennial International Waters Conference (IWC) concluded last week with a high level segment by Mr. Karunasena Hettiarachchi, Secretary to the Ministry of Defence, Sri Lanka and Dr. Naoko Ishii, CEO and Chairperson, Global Environment Facility (GEF) followed by a closing plenary. The week-long conference themed ‘Scaling Up Investments from Source to […]
‘s mobile ambitions, return of Nokia
May 19, 2016 (LBO) – The demise of Microsoft’s mobile phone ambitions is on the cards with the company selling its feature phone business to a Foxconn subsidiary. Microsoft is licensing the Nokia name for handsets back to Nokia, which has set up a new company that will make feature phones, Android-based smartphones, and tablets. […]
150 people feared dead in two Sri Lanka landslides
May 19, 2016 (LBO) – Around 150 people are feared dead after more than three days of heavy rain triggered two landslides in central Sri Lanka, disaster officials said on Wednesday, Reuters reported. Torrential rains have forced more than 223,000 people from their homes across the South Asian country, the latest official data showed. Seventeen […]
Ceylon Chamber of Commerce launches SME registry
The Ceylon Chamber of Commerce launched a ‘Registry of Small and Medium Enterprises of Sri Lanka’, thus providing a vital source to track SME operators in the country and also help local SMEs find potential business partners. The latest registry, which is the volume 1 of the issue, contains contact details and business descriptions of […]
SriLankan Cargo says record set exceeding designed capacity
May 18, 2016 (LBO) – SriLankan Cargo, the freight handling arm of state-owned SriLankan Airlines has set a record for the amount of tonnage handled during a single month reporting, 21,743 metric tonnes in March at BIA. SriLankan Airlines said the figure has surpassed the previous highest amount of 20,040 tonnes, achieved a year ago […]
Buddhist Sacred Bone Relics from Pakistan to arrive Sri Lanka
In order to be part of the most important annual Vesak Buddhist Festival falling on 21st May 2016, the government of Pakistan is providing the most sacred bone relics of Lord Buddha to Sri Lanka for exposition throughout Sri Lanka. The exposition is being organized on the request of the Sri Lankan government under the […]
Sri Lanka could issue Islamic finance sovereign bonds: official
May 18, 2016 (LBO) – Sri Lanka could issue Islamic finance sovereign bonds or ‘Sukuks’ and take the lead in becoming a regional centre for Islamic financial services, an official said. “We can think of being an Islamic Banking and Finance hub for the region,” Shibly Aziz, President Bar Association said while delivering the keynote […]
MR calls upon government to stop ‘persecuting’ armed forces
The 7th Anniversary of the war victory that amazed the whole world On 19 May 2016, we mark the 7th anniversary of the victory of our armed forces over the Liberation Tigers of Tamil Elam which had officially been designated by the United States Federal Bureau of Investigation as the world’s deadliest and most effective […]