Germany’s TUI to develop hospitality training in Sri Lanka
Mar 14, 2017 (LBO) - Germany's TUI Group, a leading tour operator, said it would be expanding operations in Sri Lanka to assist in developing hospitality …
Industry
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Building lives, not only a new bridge at Kelani river
Mar 13, 2017 (LBO) - The Japan International Cooperation Agency (JICA) is keen that relocations from the Sedawatta and Wadullawatta communities for the new …
Samsung unveils Galaxy A (2017) series in Sri Lanka
Samsung Sri Lanka recently unveiled the latest GalaxyA series which includes the 5.7 inch A7, 5.2 inch A5 with enhancements. The innovative range combines …
Germany pledges support for Sri Lanka’s tourism development
Mar 10, 2017 (LBO) – The German government is ready to support tourism development in Sri Lanka with the island is targeting 150,000 German tourists this …
Sri Lanka to test Bus Priority System in Rajagiriya: Min
Mar 10, 2017 (LBO) - Sri Lanka Megapolis Ministry will test launch a new bus priority system from Rajagiriya to promote better use of public transport in an …
Sri Lankan artist exhibition inspired by fashion to open CFW
Mar 10, 2017 (LBO) - Under the theme 'Celebrate Colombo,' Colombo Fashion Week (CFW) will include a new initiative called 'Art Connect' which will exemplify …
Sri Lanka Port Authority records Rs11bn in profits for 2016
Mar 10, 2017 (LBO) - The Sri Lanka Ports Authority made profits of 11 billion rupees in 2016 while recording a revenue of 44 billion rupees, the Ports Ministry …
Shangri-La opens luxury paradise apartments for viewing
(PRESS RELEASE) - Colombo’s once static skyline is now in the midst of a vast transformational process and at the forefront of this immense development is …
Muhunthan Canagey appointed CEO/MD of ICTA for second term
The Information and Communication Technology Agency (ICTA) of Sri Lanka has appointed Muhunthan Canagey as CEO & Managing Director for a second term . …
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka's President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal …
Possible SriLankan, TPG deal may take over six months: Eran
Mar 08, 2017 (LBO) – SriLankan Airlines restructuring plan with the shortlisted private equity fund TPG may take over six months to arrive at a possible …
S&P keeps negative outlook unchanged, confirms ‘B+’ rating on Sri Lanka
Mar 08, 2017 (LBO) - Standard and Poor global ratings affirmed its 'B+' long-term and 'B' short-term sovereign credit ratings on Sri Lanka while keeping a …
Pan Asia Bank completes Rs 2Bn rights issue
Mar 08, 2017 (LBO)- Sri Lanka's Pan Asia Banking Corporation said they were successful in completing a rights issue to raise up to 2.06 billion rupees. In …
Sri Lanka to train foreign service in economic diplomacy: Harsha
Mar 07, 2017 (LBO) - Sri Lanka's government will be training its officials in the foreign service through a online economic diplomacy course with Harvard …
No proposal yet for new Coca-Cola plant in Sri Lanka: Minister Malik
Mar 07, 2017 (LBO) – Sri Lanka’s International Trade Ministry has not yet received a request for setting up a new Coca-Cola plant in the island, …
CEB wants to lift non-conventional renewable energy to 17-pct by 2019
Mar 07, 2017 (LBO) – Sri Lanka’s state owned Ceylon Electricity Board has set a target to increase electricity generation from renewable resources from the …
Sri Lanka’s real estate industry calls for more regulation
Mar 07, 2017 (LBO) - Sri Lanka’s real estate brokers, agents and developers need to professionalize services with the involvement of the the government to …
Flemington Rajagiriya Apartments records 60-pct of apartments sold
(PRESS RELEASE) - Colombo, 07 February 2017 - Sri Lanka’s first Australian inspired condominium, The Flemington, Rajagiriya records 60% of apartments sold, …
Toronto begins to rival Silicon Valley for tech startups
Mar 07, 2017 (LBO) - Toronto's startup community has begun to rival Silicon Valley and offers more advantages to new companies. One reason is that the 2,100 …
Sri Lanka Commercial Bank to raise Tier 1 capital with rights issue
Mar 07, 2017 (LBO) – Sri Lanka’s Commercial Bank has decided to raise 10 billion rupees through a rights issue of voting and non voting shares, the company …