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Tea exporters discusses foreign tea imports for re-export
Sri Lankan tea exporters received much needed encouragement and Ministerial level assurance to resolve their travails –and with the involvement of a broad range of stakeholders in future, on 19 January. At a special meeting with the exporters at EDB, State Minister of International Trade Sujeewa Senasinghe came forward to assist the tea exporters to […]
China eyes more investment opportunities in Sri Lanka: PM (VIDEO)
Jan 21, 2016 (LBO) – Prime Minister Ranil Wickremesinghe said in Switzerland that Sri Lanka is expecting more investments from the China apart from the ongoing infrastructure projects. “Infrastructure alone is not sufficient and we are discussing bringing more Chinese investments,” Wickremesinghe said at a press conference held during the World Economic Forum in progress in […]
‘ll save country ignoring income from drugs and tobacco: President
Jan 21, 2016 (LBO) – President Maithripala Sirisena says he would save the country and the people from the drug menace, ignoring the income received by the government from the sale of drugs and tobacco. Speaking at the concluding ceremony of the National Program for Drug Prevention held recently, the President said instructions have been given […]
Sri Lanka should look at IMF package seriously: Kelegama
Jan 21, 2016 (LBO) – Sri Lanka should look at the IMF package very seriously as the temporary measures would not fix the fundamental issues of the economy, an economist said. Saman Kelegama, Executive Director of the Institute of Policy Studies told a forum that the country needs to bring down the over heated economy […]
Interview: Aircraft purchases add to Sri Lanka financial burden, says Eran
Jan 21, 2015 (LBO) – Aircraft purchases by Sri Lanka’s previous government, which do not make business sense, have added to the financial burden of the state sector, Eran Wickramaratne, deputy minister of Public Enterprise Development, told Lanka Business Online. Eight aircraft have been contracted for purchase over the next few years, with two likely […]
Fourth Industrial Revolution to impact developing countries: UBS report
Jan 21, 2016 (LBO) – Developed countries could gain more from the introduction of new technologies through automation and artificial intelligence, Swiss bank UBS said in a report to coincide with the World Economic Forum. The Fourth Industrial Revolution will be driven by robotic automation and connectivity, a special feature of which will be use […]
361 Degrees successfully concludes “Tribal Challenge” (PICS)
361 Degrees, Sri Lanka’s leading Human Activations Company recently concluded 361 Tribal Challenge 2015, which was held close to the Ibbankatuwa Reservoir, Dambulla. This public programme was held in celebration of 361 completing 1000 training programmes since the company’s inception as Wild Drift. During the experiential learning programme, 9 lucky teams were exposed to an […]
Hutch launches train ticket purchases via mobile
Hutch, one of Sri Lanka’s fastest growing 3G networks, has partnered with Mobitel and Sri Lanka Railway to introduce the latest addition to its range of VAS services for its valued customer base, by enabling train ticket purchases straight from a Hutch mobile. The service will be of immense value to over 300,000 commuters who […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Nayana Mawilmada
Colombo has a high potential to become a global city. The geographic location and close proximity to maritime sea routes are strategic advantages. Its geo-location is an exploitable asset in the global economy. However, it is not only the access to “Silk Road” that global cities compete with each other now, but for capital, talent […]
LBR LBO Infrastructure Summit 2015 – Session 1 Q & A
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
Sri Lanka stocks closed down 0.3-pct
Jan 20, 2016 (LBO) – Sri Lankan stocks closed down 0.35 percent for a fourth consecutive session with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 22.06 points at 6,261.18 down 0.35 percent. S&P SL20 closed 9.91 points down at 3,251.39 down 0.30 percent. Turnover was at […]
PTL Watch: Sri Lanka 12-month Tbill yield up at auction
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