‘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 …
Industry
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57-pct of Sri Lankans unwilling to pay higher food bill to protect local industry – Advocata Survey
A survey commissioned by the Advocata Institute in April 2019 revealed that 57% of Sri Lankans were unwilling to pay extra for food, even if it meant that the …
Sri Lanka tea exports up in Nov 2019
Jan 02, 2020 (LBO) - Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, …
Inland Revenue Dept. issues the list of VAT registration deactivated persons
Jan 01, 2020 (LBO) – Sri Lanka’s Inland Revenue Department has published the complete list of persons & businesses whose taxable supply has never …
CICT ends 2019 with 2.9mn TEUs, 40-pct of Colombo Port’s volume
Dec 31, 2019 (LBO) – Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million TEUs in 2019, achieving an 8.6 percent …
ISM APAC appoints its first Sri Lankan Managing Director
ISM APAC, the regional arm of Netherlands based e-commerce company ISM e-Group, marked the dawn of a new era as it announced the appointment of its first Sri …
Loud music not allowed in buses from tomorrow: Transport Ministry
Dec 31, 2019 (LBO) – Sri Lanka's Transport Ministry says that it will not allow loud music in buses from 01 January 2020 and advises passengers to use the …
ICICI Bank & Axis Bank to close down business operations in Sri Lanka
Dec 31, 2019 (LBO) – Sri Lanka’s Central Bank has permitted Axis Bank Ltd and ICICI Bank Ltd to close down their business operations in Sri Lanka, subject …
President to explore possibility of gathering personal info under one data center
President Gotabaya Rajapaksa has paid his attention to bring all personal information such as National Identity Cards, driving licenses, immigration and …
Weekly AWPR declines to single-digit levels after April 2016: Central Bank
Dec 30, 2019 (LBO) – Sri Lanka’s Central Bank says that the weekly Average Weighted Prime Lending Rate (AWPR) has declined to single-digit levels by 27 …
Singapore’s Perennial to launch USD250mn mixed development project in Sri Lanka
Dec 29, 2019 (LBO) – Integrated real estate and healthcare company headquartered and listed in Singapore, Perennial Real Estate Holdings Limited is to launch …
Business Excellence program
A training on Business Excellence will be conducted at the Mövenpick Hotel on the 10th of January 2020. The session will cover the areas of time management, …
New Chairman appointed to Lanka Electricity Company
Dec 24, 2019 (LBO) – Sri Lanka's Power and Energy Minister Mahinda Amaraweera has appointed Attorney-at-Law Athula Priyadharshana De Silva as the new …
Fitch revises Outlook on Sri Lanka Telecom to Negative; affirms at AA+
Dec 23, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka Telecom PLC's (SLT) National Long-Term Rating to Negative from Stable and affirmed …
Fitch revises Outlook on Ceylon Electricity Board to Negative
Dec 23, 2019 (LBO) – Fitch Ratings has revised the Outlook on Ceylon Electricity Board's (CEB) National Long-Term Rating to Negative from Stable and has …
DIMO launches power panel manufacturing plant at DIMO logistics centre
Diesel & Motor Engineering PLC (DIMO), one of Sri Lanka’s leading diversified companies has successfully launched its own power panel manufacturing plant …
Opinion: Paving way towards safer Sri Lanka for women and girls
(UNFPA) - Violence against women and girls is one of the most prevalent human rights violations in the world. The costs of violence are extremely high and …
Government directs banks to suspend recovery of SME loans
Dec 20, 2019 (LBO) – Sri Lanka’s Finance Ministry says the government has issued directives to Chairmen and CEOs of all banks to suspend the recovery of …
President appoints tech-studded ICTA board to drive digital Sri Lanka
Dec 20, 2019 (LBO) - In line with his vision for a Sri Lanka driven by technology, President Gotabaya Rajapaksa has appointed a tech-studded board for the …
SriLankan Airlines & Gulf Air ink codeshare agreement
Dec 18, 2019 (LBO) – SriLankan Airlines and Gulf Air, the national carrier of the Kingdom of Bahrain have entered into a codeshare partnership significantly …