SL foresee digitalization and 5G as ‘Energy Pill’ for Economic Growth: Min Harin

Mar 12, 2019 (LBO) – Sri Lanka’s Minister of Telecommunication, Foreign Employment and Sports, Harin Fernando pointed out government’s aim is to make Sri Lanka a benchmark in adopting Digital Technologies for Government administration and public affairs management, whilst the necessary technical infrastructure to facilitate this effort, especially in rural areas will be provided. He […]

SL fiscal consolidation plans challenging without policy effectiveness and faster growth

Mar 12, 2019 (LBO) – Achieving Sri Lanka’s deficit and debt targets will be challenging without a significant increase in fiscal policy effectiveness and faster Gross Domestic Product (GDP) growth, a rating agency said in a statement. ‘Sri Lanka’s ambitious fiscal consolidation targets – when the country has not had a fiscal deficit below 5.0 […]

Interview : Present and future trends in real-estate and condo market in Sri Lanka

Mar 11, 2019 (LBO) – The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real estate, construction, engineering, trading, education, travels and holidays, entertainment, consultation and many other fields. LBOTv had a chat with Chairman of Sri Lanka’s Blue Ocean S.Thumilan…..    

Breakthrough Business Intelligence identify points about evolving Sri Lankan consumer

Mar 08, 2019 (LBO) – As Sri Lanka steps-up to middle income status, Sri Lankans are stepping up to new opportunities and challenges. Based on their experience in working with brands and interacting with consumers on a regular basis, Dilini Jayasuriya – Executive Director of Breakthrough Business Intelligence (Pvt) Ltd. and Abhishek Hariharan – Associate Vice […]

‘s former CB Gov. Mahendran on INTERPOL red alert for 2nd time

Mar 07, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena said the INTERPOL has issued a red notice for the arrest of absconding former Central Bank Governor Arjuna Mahendran for the second time after hearing an appeal. He said that Mahendran has appealed to INTERPOL against the red notice issued earlier and a judge was […]

Japan grants USD1.4Mn to UNFPA to improve access to sexual & reproductive health

Mar 07, 2019 (LBO) – The Government of Japan and the United Nations Population Fund (UNFPA) in Sri Lanka signed an agreement, granting US 1.4 million dollars for improving access to information and services on sexual and reproductive health for women and girls in Sri Lanka. The three year programme includes access to services for […]

SLASSCOM and Norway sign letter of intent for ICT development and entrepreneurship

Mar 06, 2019 (LBO) – The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs expressed their intent to further collaborate in developing the Information and Communication Technology (ICT) sector for sustainable employment generation in the future, and to bring about innovation through knowledge transfer programs. A letter […]

Budget 2019 will empower people and nurture poor: Fin Min

Mar 05, 2019 (LBO) – Sri Lanka’s Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. Finance Minister Mangala Samaraweera will present the Government’s delayed Budget for 2019, today. The Finance Ministry has outlining its targets said it plans to increase public revenue to 17 […]

Prima Ceylon eyes more investments as it completes 40 years in Sri Lanka

Feb 28, 2019 (LBO) – Prima Ceylon, the flagship company of the Prima Group Sri Lanka, celebrated four decades of successful partnerships and growing together with the nation, at an event recently in Trincomalee, where its state-of-the-art flour milling complex and one of the largest flour mills in the world under one roof, is located. Speaking […]

Laugfs unveils second solar-powered fuel station in Sri Lanka

Feb 27, 2019 (LBO) – Setting another benchmark in the fuel retailing industry in Sri Lanka, Laugfs Southern Petroleum launched the country’s second solar-powered fuel filling station at Waskaduwa, Kalutara with a 46.1 KW solar-panelled roof. The iconic solar-powered fuel station is expected to generate and add over 5,520 kWh per month to the National Grid […]

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