China reaffirms steadfast support to Sri Lanka

Jan 16, 2020 (LBO) – The Chinese Foreign Minister and State Councilor Wang Yi met with the Minister of Foreign Relations Dinesh Gunawardena recently and reiterated its solidarity and support to the new Government of President Gotabaya Rajapaksa. Welcoming Minister Wang Yi, Foreign, Minister Dinesh Gunawardena thanked China for its consistent contribution to Sri Lanka’s […]

World Bank forecasts Sri Lanka’s growth at 3.3-pct in 2020

Jan 14, 2020 (LBO) – The World Bank has forecast Sri Lanka’s economic growth for 2020 at 3.3 percent, the bank said in a statement. In its latest report of “World Bank’s January 2020 Global Economic Prospects,” the World Bank said for 2021 and 2022, it maintains the same forecast of 3.7 percent of economic […]

Opinion: Real estate trends 2020, What you need to know to make it big

Lanka Property Web As you are packing up those store-bought Christmas decorations that have been adorning your home throughout the holidays and restoring the symbolic tree that might need a lot of ‘dusting’, for next Christmas; the first chapter of 2020 has just begun with real estate trends! It’s the start of a new decade […]

Sri Lanka unemployment up to 5.1-pct in Q3 2019

Jan 08, 2020 (LBO) – T h e n u m b e r o f unemployed persons is estimated as 437,797 or 5.1 percent during the third quarter 2019, latest data show. Overall unemployment rate reported for female is 8.5 percent and 3.3 percent for male, the Sri Lanka Labour Force Survey (LFS) says. […]

LankaPropertyWeb sets up new Property Centre

Jan 08, 2020 (LBO) – Following over a decade of successful operation of helping people find, sell and rent property in Sri Lanka, LankaPropertyWeb.com which has become the most popular place for properties along with House.lk started a new chapter in its journey by establishing a ‘Property Centre (PC)’ in Colombo. In a prime location […]

Cinnamon FOT keynote speaker features Sri Lanka on CNN Business Traveller

Jan 08, 2020 (LBO) – CNN’s foremost international business correspondent and presenter Richard Quest will feature Sri Lanka in the newest edition of CNN Business Traveller. The programme will be aired on January 8th at 14:00 IST (Premiere) (followed by repeat telecasts on Thursday, 8th January at 2300 IST, Saturday, 11th January at 1200 IST, Sunday, 12th January at 0100 IST  / 1700 IST, Saturday, 18th January […]

Opinion: Tobacco smoking in Sri Lanka, going the last mile

Chathurga Karunanayake and Chamini Thilanka Despite multiple measures by successive governments to bring down tobacco prevalence in Sri Lanka, still more than one in four males use tobacco. Reducing smoking prevalence is also identified as one of the concerns in the manifesto of the newly elected president of Sri Lanka.This blog argues that bringing down […]

Sri Lanka achieves 1.9Mn revised tourists arrival target for 2019: SLTDA

Jan 07, 2020 (LBO) – Despite 2019 being a tough year for the tourism industry, Sri Lanka has achieved the revised tourists’ arrival target for 2019 which stands at 1,913,702 as of 31st December. It is a decline of 18 percent from 2018 when 2,333,796 of tourists had visited the country during the same period, […]

SriLankan Airlines crowned ‘Leading International Airline of 2019’

Jan 07, 2020 (LBO) – SriLankan Airlines, the largest carrier into the Maldives, won the coveted title of ‘Leading International Airline of 2019’ at the MATATO Travel Awards in the Maldives, polling the most number of votes from the travelling public ahead of many of the world’s best reputed airlines. The Maldives Travel Awards is […]

Mobitel offers attractive data plans for YouTube, Facebook and WhatsApp

Understanding the rapid demand for videos, Mobitel has announced the launch of its latest proposition, offering both Pre-Paid and Post-Paid customers to stream YouTube videos limitlessly for as low as Rs 249 per month. With this new offer, Mobitel Customers can now watch their favorite Movies, TV Shows, documentaries and listen to songs by simply […]

Stern actions against discrimination of domestic tourists – SLTDA

Jan 06, 2020 (LBO) – Sri Lanka Tourism Development Authority (SLDA) cautions the licensed establishments which adopt discriminatory practices against local tourists with ‘foreigners only’ policy with stern actions.  “Several complaints have been made by domestic tourists stating that they are not allowed to enter certain restaurants and hotels in the areas of Hikkaduwa and […]

‘Manufacturing in 2020: Connecting machines to networks and companies to end-consumers’

Antony Bourne – President- IFS Industries While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive changes will be those which manufacturers can and should make for themselves. Many of these manufacturers are already taking advantage of technologies like the Internet of Things (IoT) and as we head into […]

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