Tag: lbo.lk
99x launches AI-Hub to increase visibility on AI-assisted workflows
99x, a global product engineering company headquartered in Norway, has launched AI Hub, an observability platform designed to provide greater visibility into AI-assisted workflows and performance metrics. The event also celebrated 99x’s xians.ai platform being recognised as Sri Lanka’s Best Agentic AI Solution at the National AI Awards. The 99x leadership also shared updates on […]
Seven in ten Sri Lankan exporters already sell online, but paperwork and slow delivery hold them back: Survey
Sri Lankan exporters are taking to online selling faster than the country’s trade systems are keeping up. A new survey shows seven in ten already use e-commerce, but many are still tangled in paperwork, slow deliveries and high costs. The findings are in “E-commerce and international trade in Sri Lanka: Findings from a survey of […]
The cost of hesitation: Lessons from Asian national strategies on oil palm
By Lalith Obeyesekere, Secretary General, Planters’ Association of Ceylon In his memoirs, Lee Kuan Yew described Ceylon as Britain’s model Commonwealth country, and tooknote of the significant lead that then Ceylon had in terms of its resources, infrastructure and institutions when compared to the Singapore he had inherited, or to his immediate neighbours, Malaysia and […]
RIUNIT London forum looks to ‘unlock’ Sri Lanka’s real estate sector
More than 100 investors, diplomats, business leaders and property professionals gathered in London on 16 September for the Sri Lanka Real Estate Investment Forum: London 2026, convened by the Research Intelligence Unit (RIU) in collaboration with the Sri Lanka High Commission in London. Held under the theme “Unlocking Sri Lanka’s Real Estate Investment Potential in […]
ADB approves USD100mn loan to overhaul Sri Lanka’s vocational training system
The Asian Development Bank (ADB) has approved a $100 million results-based loan to transform Sri Lanka’s technical and vocational education and training (TVET) system, aiming to equip more young people with industry-relevant skills and strengthen the country’s competitiveness. The Skills Development System Transformation Program will back government efforts to improve training quality, strengthen links between […]
FAAMA Appoints New Executive Committee for 2026/27, targeting a US$1 billion local value-addition opportunity
The Fabric & Apparel Accessory Manufacturers Association (FAAMA) has reappointed Mr. Husni Salieh of Noyon Lanka (Private) Limited as the Chairman for the 2026/27 term at its Annual General Meeting held on 25 September 2026 at the Hilton Colombo. The AGM was graced virtually by Mr. Duminda Hulangamuwa, Chairman of the Board of Investment of […]
Beyond El Niño: Building lasting climate resilience in Sri Lanka’s plantations
Climate resilience has become the defining test of this El Niño year for Sri Lanka’s plantation sector. The National Disaster Relief Services Centre says over 81,000 people across 25,563 families in seven districts, Ampara, Polonnaruwa, Batticaloa, Badulla, Monaragala, Hambantota and Ratnapura, have been affected by the dry weather linked to the phenomenon. The government has […]
Sri Lanka’s services boom offsets manufacturing slowdown as PMI data shows uneven August recovery
Sri Lanka’s economy sent a mixed but broadly positive signal in August, as new Central Bank data show services activity accelerating sharply even as manufacturing growth lost momentum. The Purchasing Managers’ Index for Services jumped to 65.6 in August from 61.4 in July, marking an acceleration in what was already a strong expansion. The pickup […]
Chasing the next $3Bn: What it will take for Sri Lanka’s apparel sector to get there
For thirty years, Sri Lanka’s apparel industry has quietly powered the country’s export economy accounting for roughly 40% of merchandise export revenue and employing 300,000 to 350,000 people. That scale wasn’t accidental. It was built through deliberate government-industry planning dating back to the early 1990s. The first transformation, anchored by the 200 Garment Factories Programme, […]
“Pulle Madu” to medical school: record intake signals turning point for plantation sector welfare
Many generations ago, an estate child’s first years began in a cloth hammock strung up near the rows of tea bushes, so a mother could keep working within earshot of her infant. Later a corner in a line room was converted to establish Pulle Madu, where infants and toddlers were sheltered to ensure that plucking […]
Build buffers before the storm, Central Bank Governor tells reserve managers
Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe used the inaugural Reserve Management Conference in Colombo on 10 September to deliver a pointed message to central bankers from across Asia and beyond: the world reserve managers once knew no longer exists, and the old playbook needs rewriting. Addressing delegates at the opening of the two-day […]
Vipul Misra appointed as acting CEO of SriLankan Airlines
Vipul Misra has been appointed Acting Chief Executive Officer (CEO) of SriLankan Airlines, with effect from today (9 September). Bringing over two decades of aircraft engineering and aviation leadership experience, Misra’s background spans across significantly large commercial carriers including Air India, Vistara, Indigo, SpiceJet, Kingfisher Airlines, and Air Deccan. His comprehensive expertise across legacy, full-service, […]