Tag: lbo.lk
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) – The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city’s transpotation system. The Ministry of Megapolis and Western Development launched the project in the presence of Prime Minister Ranil Wickremesinghe, yesterday in Colombo. The construction work is due to commence […]
IGP and Former Defence Secy arrested while in hospital
Jul 03, 2019 (LBO) – Sri Lanka’s top police officer, Pujitha Jayasundara and the former Defence Secretary to the Ministry of Defence Hemasiri Fernando were both arrested in connection with the Easter Sunday terror blasts, yesterday while undergoing treatment in hospital. The Colombo Chief Magistrate, Lanka Jayaratne placed the two officials in remand custody after they […]
Sri Lanka – Germany fast track dialogue to assist investors and tourism
Jul 03, 2019 (LBO) – The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International Trade with the objective of addressing central issues faced by German enterprises operating in Sri Lanka under the BOI as well as facilitate new investments. Malik Samarawickrama, minister of Development Strategies […]
Emirates unveils special business class fares from Colombo
(PRESS RELEASE) – Business travellers from Sri Lanka as well as aficionados of the travel experience can now sample the premium Emirates Business Class product with substantil savings, thanks to the Airline’s launch of special Business Class fares to destinations in the USA, UK, Europe and Dubai. These special fares will be available for bookings […]
SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) – State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. The total debt of Sri Lankan exceeded US 750 million dollars, according to mid –year Fiscal Position Report -2019 of the Finance Ministry. “While the Government is currently […]
Sri Lanka public servant pay hike effective from today
Jul 01, 2019 (LBO) – The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is effective from today (July 01). Accordingly, all public servants will receive an additional monthly allowance of 2500.00 rupees, the Finance Ministry said issuing a statement. Also, allowance for security forces […]
Death penalty sends wrong signal to investors: EU
Jun 28, 2019 (LBO) – The European Union has issued a statement opposing the revival of the death penalty, saying it will send wrong signals to investors and violate commitments to the United Nations. Sri Lanka is actively moving towards resuming executions, which would bring an end to its 43-year moratorium on the death penalty. […]
SLASSCOM and AWS collaborate to position Sri Lanka as hub for data science and AI
Jun 28, 2019 (LBO) – To position Sri Lanka as a hub for data science and artificial intelligence (AI) skills, the Sri Lanka Association of Software and Services Companies (SLASSCOM) today announced the launch of its knowledge and skills mission to train 50,000 engineering and non-engineering students in Sri Lanka. The students will receive training […]
Land prices in greater Colombo increase up to 64-pct: Lanka Property Web report
Jun 28, 2019 (LBO) – Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land prices in Greater Colombo, according to a recently concluded study. LankaPropertyWeb.com analysed postings in its website to ascertain the change in asking prices for land in the Greater Colombo area. Thalahena […]
Sri Lanka updates HRC on measures taken to advance human rights, peace and security
Jun 26, 2019 (LBO) – The Sri Lanka delegation to the Human Rights Council briefed the Council on progress made in addressing human rights concerns, national security imperatives, as well as reconciliation priorities. Sri Lanka’s intervention under agenda item 2 of the council, followed the oral update provided by the UN High Commissioner for Human […]
Comm Bank commences acceptance of LankaPay-JCB cards
Jun 25, 2019 (LBO) – Sri Lanka’s Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to have its point-of-sale (POS) network accept LankaPay-JCB (Japan Credit Bureau) co-branded cards issued under the national card scheme programme. This follows the integration of Commercial Bank and the LankaPay Common POS Switch System […]
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) – The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted the best container terminal in Asia in the under four million TEUs category at the prestigious asian freight, logistics and supply chain (AFLAS) awards hosted and presented by asia […]