Tag: lbo.lk
Australia and Sri Lanka further strengthen ties with launch of new joint maritime security operation
Australia and Sri Lanka’s commitment to countering maritime security threats has been on display with the launch of a new joint maritime security operation in Colombo today. Aptly named Disi Rela, which means ‘keeping a watchful eye over the maritime environment,’ the new joint activity will see the Australian Border Force (ABF) and Department of […]
The Colombo Port City Economic Commission approves 42 companies as AP’s
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end […]
’24
Sri Lankan racing sensation Eshan Pieris is on the brink of a remarkable 2024 racing season. With a string of victories and a legacy that precedes him, Eshan gears up for the upcoming GT World Challenge Asia 2024, marking a significant chapter in his illustrious career. As a key member of the Absolute Racing family, […]
CEAT Kelani launches 3 new radial tyre variants
Sri Lanka’s leading pneumatic tyre manufacturer CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, widening choice for a significant segment of vehicle owners. Joining CEAT’s ‘Orion Brawo’ range, the new radials are in the sizes 155/65 R14, 165/70 R14 and 165 R13, with the first two sizes designated for popular […]
Despite strong growth, South Asia remains vulnerable to shocks: World Bank update
Growth in South Asia is expected to be strong at 6.0 percent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka. But persistent structural challenges threaten to undermine sustained growth, hindering the region’s ability to create jobs and respond to climate shocks, says the World Bank in its […]
Eshan Pieris: Sri Lankan racer set to take on Sepang 12 and GT World Challenge Asia 2024
Sri Lankan racing sensation Eshan Pieris is geared up for a remarkable 2024 racing season, kicking off with the highly anticipated 12 Hours of Sepang, followed by the GT World Challenge Asia 2024 in April. As a key member of the absolute racing family, Eshan Pieris, along with teammates Anderson Haryanto and Dorian Boccolacci, is […]
Dhaka Chamber discusses economic cooperation with Sri Lanka HC
High Commissioner of Sri Lanka to Bangladesh Dharmapala Weerakkody accompanied by Counsellor / Commerce of the High Commission Srimali Jayarathne held a productive meeting with the newly appointed President of the Dhaka Chamber of Commerce and Industry (DCCI) Ashraf Ahmed on 24 March 2024 at the DCCI office in Dhaka. During the meeting, DCCI President […]
Ripples of difference: Empowering communities through sustainable water practices
In the rich tapestry of Sri Lanka’s history, ancient civilizations developed hydraulic engineering systems over 2,000 years ago. Today, these reservoirs, comprising over 1,000 cascades and 15,000 small tanks, remain integral to rural communities, sustaining livelihoods and ensuring food security amidst modern challenges. However, according to the UNDP, approximately one- third of the population faces […]
ADB approves USD100 Mn Loan to support SMEs in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross […]
Sunshine Holdings PLC announces new leadership appointments
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) announced that Aruna Deepthikumara, Michelle Senanayake, Dr. T. Sayandhan and Shantha Bandara, who are Executive Committee members of the Group, have been appointed as Executive Directors. Commenting on the appointments, Sunshine Holdings Group CEO Shyam Sathasivam said, “We are excited to announce the elevation of Aruna Deepthikumara, Michelle […]
Powering the future: Innovations driving electric vehicle revolution
New Energy Vehicles (NEV) are no longer a futuristic vision; they’re rapidly transforming the automotive landscape. This shift wouldn’t be possible without ground-breaking innovations that have addressed key challenges and made NEVs more efficient, safer, and sustainable. Leading the charge in these advancements is BYD, a company proving that electric mobility is not just feasible […]
Opinion: Tax-payers receive bill for SriLankan’s colossal losses: Advocata
The Minister of Aviation, Nimal Siripala de Silva, recently announced that the Government would take over 210 million in dollar loans and 41.4 billion in rupee loans borrowed by Sri Lankan Airlines from state-owned Bank of Ceylon and Peoples’ Bank. Sri Lankan Airlines is bankrupt. No buyer will be prepared to take on both a […]