Tag: lbo.lk
Rs.1.36Bn takeover of People’s Merchant Finance by Sterling Capital
May 09, 2019 (LBO) – Sterling Capital Investments has completed a 1.36 billion rupee takeover of People’s Merchant Finance (PMF), a statement said.The take over happened through a private placement of shares and a rights issue giving Sterling Capital a stake of 67.9 percent in People’s Merchant Finance, a company filling at the Colombo Stock Exchange […]
Govt announces debt relief for tourism sector
May 08, 2019 (LBO) – Sri Lanka’s government and cabinet yesterday gave a heads up for a ‘relief package’ to strengthen the tourism industry affected by the Easter Sunday attacks. “The Central Bank is now in the process of issuing circulars in this regard to banks,” State Minister for Finance Eran Wickramaratne told reporters in […]
Sri Lanka to invest Rs.450Mn in Tourism PR campaign after attacks
May 08, 2019 (LBO) – Sri Lanka Tourism is due to launch a two-month public relations campaign in a bid to counter the negative impact from the Easter Sunday attacks. Kishu Gomes, head of Sri Lanka Tourism said the campaign will be handled by a specialist global agency and will be an investment 450 million rupees. […]
Sri Lanka allows duty free import of security equipment
May 08, 2019 (LBO) – State Minister of Finance Eran Wickramaratne announced the Government has decided to waive of duty on the import of of latest security equipment.“This is a decision taken to help not only travel and tourism but State institutions, private sector, schools and hospitals so that they can strengthen their security after the attacks,” he […]
Update: Foreign national casualties at Apr 21st attacks in Sri Lanka
May 07, 2019 (LBO) – The death toll of foreign nationals killed in the Easter Sunday attacks as of Monday, 06 May 2019 1900 hours has been confirmed as 44, the Ministry of Foreign Affairs said. The fatalities were: one (01) from Bangladesh, six (06) from China, eleven (11) from India (10 Indian nationals and […]
Sri Lanka tourist arrivals decline 7.5- pct in Apr 2019 : Q1 up 2.2-pct
May 07, 2019 (LBO) – Sri Lanka’s tourist arrivals declined 7.5 percent during April 2019, latest data from the Tourisum Ministry show. However, a growth of 2.2 percent was shown in the 1st quarter compared to 2018. The total number of international tourist arrivals to Sri Lanka during April 2019 was 166,975.In comparison to April […]
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) – Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its distribution centers and freeport to support day-to-day operations. Through this move to automate repetitive processes across its portfolio, the country’s most dynamic supply chain […]
‘s ordinary technology, US politicians exaggerated its role: Huawei
May 06, 2019 (LBO) – Huawei Technologies Co. founder Ren Zhengfei recently pointed out that 5G is not that powerful and is just an ordinary technology, whilst United States politicians have exaggerated its role, only to call people’s attention to the 5G technology. “There is basically no Huawei equipment in the US networks. If networks are […]
LAUGFS officially inaugurates operations of S Asia’s largest LPG transshipment terminal
May 02, 2019 (LBO) – LAUGFS Terminals Ltd officially inaugurated operations of its LPG transshipment terminal at the Hambantota international Port. It is the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan flagged vessel Gas Success, part of LAUGFS Maritime’s own LPG vessel fleet. […]
Experience Dubai in a different light this summer with My Emirates Pass
(PRESS RELEASE) – Emirates customers can unlock the best Dubai has to offer for less this summer with the return of My Emirates Pass – an offer that turns an Emirates boarding pass into an exclusive membership card providing travelers special benefits and discounts of up to 50 percent off in more than 500 leisure and […]
New Chief Justice, Act Attorney General, Auditor General and Act IGP appointed
Apr 29, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena appointed, Attorney General Jayantha Jayasuriya as new Chief Justice.Jayasuriya took oaths for the new appointment before the President at the President’s Office, Monday. The President appointed Solicitor General Dappula De Livera as Acting Attorney General. Furthermore, Additional Auditor General, Chulantha Wickremarathne has been appointed as […]
Sri Lanka bans all forms of face covers following terror attacks
Apr 29, 2019 (LBO) – President Maithripala Sirisena, under Emergency Regulations, has taken steps to ban from April 29th, 2019, all forms of face covers that may hinder one’s identity been ascertained, as a threat to national security and public safety. This directive specifies the need for one’s face been clearly visible for ascertaining their identify […]