Tag: lbo.lk
PUCSL asks CEB for explanation regarding recent power outages
Feb 07, 2020 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL), the electricity regulator is seeking an investigation report on the recent power outage from Ceylon Electricity Board (CEB), a statement said. Issuing a statement the PUCSL has asked the CEB to submit the said report on or before 12th February 2020. Sri Lanka […]
Mobitel & Thuru’s reforestation project shortlisted at GSMA Global Mobile Awards 2020
Mobitel and Thuru’s joint project – ‘Reforestation through Technology’ – has been shortlisted for the ‘Best Mobile Innovation for Climate Action award’ at GSMA Global Mobile Awards 2020, popularly known as the GLOMO Awards, scheduled to be held in Barcelona in February 2020, where winners will be announced. This recognition is yet another feather in the cap […]
Opinion: Post-independence reflections, the gaps in our freedoms
By Erandi de Silva Seventy two years ago, Sri Lanka gained independence from the shackles of British rule. This meant the autonomy to govern our people, the freedom to create and maintain our institutions and the ability to carve our own political narrative. Beyond political liberty, independence also restored our control over land, resources, and […]
Hikka Tranz, Plasticcycle and MEPA launch projects to preserve reef
Hikka Tranz by Cinnamon (Hikka Tranz) together with the Marine Environmental Protection Authority (MEPA) and Plasticcycle – the Social Entrepreneurship project of John Keells Group, launched an initiative on the 30th of January 2020 to maintain a stretch of beach along the resort premises. This initiative looks towards the placement of specially designed plastic waste […]
SriLankan Airlines temporary reduces flights to China
Feb 06, 2020 (LBO) – SriLankan Airlines is rationalizing its services to China in accordance with current market conditions as per its long-held commercial policies, with a temporary reduction of frequencies to several cities. This is to better reflect present passenger demand in the wake of a significant reduction in the number of Chinese travelers […]
President felicitates SriLankan Airlines crew for bringing back SL students
President Gotabaya Rajapaksa commended the SriLankan Airlines crew who flew to Wuhan, the epicenter of coronavirus to bring back Sri Lankan students. The crew joined a luncheon hosted by the President at the Presidential Secretariat recently. Led by the Chairman of the Airline Ashoka Pathirage, Board of Directors, engineers and pilots and the crew who […]
Sri Lankan Airlines corruption scandal reveals need for deeper structural reform in SoEs : Advocata
Weak governance has led to large scale corruption in state enterprises. Sri Lankan airlines has made Rs. 169 billion in losses since nationalisation in 2009. It has recently been revealed that Airbus SE paid the wife of a Sri Lankan Airlines Executive US$ 2 million, out of a US$ 16 million bribe over a large […]
Sri Lanka can boost its development tapping agriculture and new technology : WB
Feb 05, 2020 (LBO) – The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of all its people, as World Bank Vice President for South Asia, Hartwig Schafer concluded a four-day visit. During his visit, Schafer gained a better understanding of the country’s development priorities under the new government and how the World […]
Crysbro energises sustainable farming practices with solar power
Feb 03, 2020 (LBO) – In a major step in its continual efforts to embrace sustainable farming practices across all layers of its operations, leading Sri Lankan poultry producer Crysbro successfully completed the installation of a mega solar power generation system at its Galgamuwa Farm. This latest development saw Crysbro install nearly 1,200 solar panels […]
Coronavirus death toll upto 213 : WHO calls it global virus emergency
Jan 31, 2020 (LBO) – The World Health Organization said the virus represents a risk outside of China and is calling it a global virus emergency. The death toll in China had climbed to 213 by Friday with nearly 10,000 infections, according to foreign media reports. Global outbreak includes 98 cases in 18 countries […]
SL presents USD16Bn opportunity for pvt sector to invest in sustainable development: SC Bank
Jan 29, 2020 (LBO) – Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD 10 trillion (USD 9.668 trillion) opportunity for private-sector investors across all emerging markets, with Sri Lanka representing USD16.2 billion of that total. The study identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and […]
Sri Lanka vehicle registration in Dec 2019 subdued
Jan 28, 2020 (LBO) – Sri Lanka’s total car registrations recorded 2,057 units in December 2019 marginally up from 2,030 units in November but down from 2,669 units 12 months ago, a new report shows. Data compiled by JB Securities equities research shows in the overall segment Toyota is the market leader with a 64.2 […]