Knit fabric maker Teejay announces plans to diversify in to lace
Jul 25, 2019 (LBO) - Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company to venture …
Industry
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ETL Colombo denies claims as the importer of waste cargo
Jul 25, 2019 (LBO) - ETL Colombo (Pvt) Ltd. outrightly denied any claims that they are the ultimate importer of the 130 containers of "Used Mattresses" …
CA SL to host regional forum on finance professionals combating corruption
Jul 25, 2019 (LBO) - The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will host a regional forum in Colombo next week on the role of finance …
Sri Lanka officially adds “Port City” reclaimed land to Colombo map
Jul 24, 2019 (LBO) - Sri Lanka's Minister for Megapolis and Western Province Development said the Ministry of Local Government will be tabling an act in …
NDBIB crowned Sri Lanka’s best investment bank by Euromoney
Jul 24, 2019 (LBO) - NDB Investment Bank (NDBIB) once again secured the prestigious “Best Investment Bank in Sri Lanka” award by Euromoney for the year …
China State Engineering rewards DP Jayasinghe for completing TRI ZEN’s piling
Jul 24, 2019 (LBO) - China State Construction Engineering Corporation (CSCEC) has rewarded DP Jayasinghe with 7 million rupees for completing TRI ZEN’s …
Sri Lanka Customs to investigate waste containers: Fin Min
Jul 24, 2019 (LBO) - The Finance Minister has ordered Sri Lanka's Customs to conduct an investigation into the import of containers containing clinical waste …
CEAT launches new radial tyre range with Rs.350Mn production upgrade
Jul 23, 2019 (LBO) - CEAT, a tyre brand has unveiled a new series of radial tyres in Sri Lanka following an investment of 350 million rupees to further upgrade …
Hayleys Free Zone decides to process & re-export cargo in question expeditiously
July 22, 2019 (LBO) – Hayleys Free Zone Limited today revealed that it has taken a decision to process the cargo in question and re-export them expeditiously …
UN Special Rapporteur on the rights of freedom of association and peaceful assembly on country visit
Jul 19, 2019 (LBO) - The Special Rapporteur on the rights of freedom of association and peaceful assembly, Clément Nyaletsossi Voule commencing his official …
Sri Lanka vehicle registrations down in June 2019
Jul 22, 2019 (LBO) - Sri Lanka's vehicle registrations across most categories have declined in June relative to May, a new report shows. Data compiled by JB …
BOI to take action against Hayleys Free Zone Ltd for failed waste re-exports
July 19, 2019 (LBO) – Sri Lanka’s Board of Investment is to take stern action against Hayleys Free Zone Limited for failing to meet commitment laid out in …
Fantasy Island (Pvt) Ltd announce family entertainment center in Battaramulla
Jul 19, 2019 (LBO) - Fantasy Island will become Colombo’s a family entertainment center located at Waters Edge in Battaramulla with the elements air, sea, …
Sri Lanka needs to improve energy sector governance: Dr Priyantha Wijetunga
Jul 19, 2019 (LBO) - Sri Lanka has a long way to go when it comes to energy sector governance Director, Asian Development Bank, South Asia Energy Division, Dr …
ComBank launches Sri Lanka’s first QR based payment app under LANKAQR
The Commercial Bank of Ceylon has launched ComBank Q+ – the first Quick Response (QR) based payment app to be launched under LANKAQR – creating history yet …
Ekuinas sells APIIT Lanka for RM41mil
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has disposed of its entire equity interest, together with its minority partners in APIIT Lanka Pvt Ltd (APIIT …
BOI inks agreement with edotco to equip Sri Lanka with Smart City Solutions
July 17, 2019 (LBO) – The Board of Investment (BOI) and edotco Sri Lanka, an integrated telecommunications infrastructure services company today entered into …
SenzMate, the Internet of Things tech company born in Jaffna
By Jekhan Aruliah I visited SenzMate a few months ago, and am only now getting around to writing about them. The reason for my hesitation has been although …
PUCSL, Moratuwa Uni to introduce self-powered housing model for low-income households
July 16, 2019 (LBO) – Sri Lanka's electricity sector regulator, Public Utilities Commission signed a Memorandum of Understanding with Moratuwa University …
China’s Sinopec sets up fuel oil unit in Sri Lanka
July 16, 2019 (LBO) – China Petroleum and Chemical Corp, Sinopec Corp has launched a fuel oil company in Sri Lanka as it looks to supply fuel to ships along …