Uber loses USD1.2 bln in first half on pricing battles
Aug 26, 2016 (LBO) - Ride-hailing company Uber Technologies Inc told its private investors that losses increased in the second quarter, even in the U.S., …
Industry
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LAUGFS Lubricants opens Sri Lanka’s first Tribology Park
Aug 26, 2016 (LBO) - LAUGFS Lubricants has opened Sri Lanka’s first Tribology Park at the BOI Export Processing Park in Nittambuwa, for research and …
Sri Lanka seeks Indian subcontinent partner for Port’s ECT
Aug 26, 2016 (LBO) - Sri Lanka is seeking a partner from the Indian subcontinent to develop a port designed to be its deepest and accommodate the world’s …
Visa opens up branch in Sri Lanka to boost electronic payments
Aug 25, 2016 (LBO) – A global leader in payments technology, Visa today announced the opening of a local office in Colombo and the appointment of Anthony …
Sri Lanka should develop Indian, Chinese markets: Tourism minister
Aug 25, 2016 (LBO) - Sri Lanka will be looking towards China and India for growth, in terms of geography, while looking for niche sector growth from MICE …
Sri Lanka to regulate lubricants, bitumen through PUCSL
Aug 24, 2016 (LBO) –Sri Lanka’s cabinet has approved appointment of the Public Utilities Commission as the regulator of the lubricant industry and bitumen …
Sri Lanka aims to build tourism momentum: OBG
Aug 24, 2016 (LBO) - Data from July indicates Sri Lanka's tourist arrivals showing new momentum, with arrivals expanding by 19.1 percent y-o-y, the Oxford …
Sri Lanka bottled water to have higher SLS standards
Aug 24, 2016 (LBO) – Sri Lanka’s Consumer Affairs Authority (CAA) will be enforcing plastic mineral water bottling standards starting September 1 following …
DCSL to suspend share transactions from Oct until public float restores
Aug 23, 2016 (LBO) – Sri Lanka’s Distilleries Company in a stock exchange filing says the trading in shares will be suspended starting from October until …
Browns Beach Hotels to raise Rs1.4bn through rights issue
Aug 23, 2016 (LBO) – Sri Lanka’s Browns Beach Hotels is to raise 1. online pharmacy buy abilify with best prices today in the USA online pharmacy buy …
Asian Regulatory Reforms to Increase Appetite for Reinsurance: Fitch
Fitch Ratings-Singapore/Hong Kong-22 August 2016: Fitch Ratings believes that various regulatory initiatives in the region could lead indirectly to greater …
Suspension of melodious SriLankan pilot, too little too late
Aug 22, 2016 (LBO) – SriLankan Airlines, which usually gets in the spotlight for allegations of cronyism, has done a turnaround by suspending a pilot who …
Ceylon Chamber launches TIPS for trade policies
Aug 22, 2016 (LBO) - The Ceylon Chamber of Commerce said it has launched "Trade Intelligence for the Private Sector" (TIPS), a platform to raise awareness on …
VirtusaPolaris Receives Stevie Award for Investor Relations and Technical Innovation
(PRESS RELEASE) - WESTBOROUGH, Mass.,– VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading …
Sri Lanka grade A office space demand exceeds supply – JLL
Aug 22, 2016 (LBO) – Sri Lanka’s capital office market has occupancy as high as 95 percent and occupiers and supply of Grade A office space remains …
Abolishing minimum rates will disturb Sri Lanka hotel investments: hotelier
Aug 22, 2016 (LBO) - Sharp fluctuations in hotel revenues will prevent long term planning and investment in Sri Lanka's hotel sector, especially if minimum …
Sri Lanka’s Janashakthi launches next gen smart tech challenge
Aug 19, 2016 (LBO) - Sri Lanka's Janashakthi Insurance says it has launched their latest campaign to capture the innovative minds of today’s youth – the …
Sri Lanka tourist arrivals hit all-time high in July 2016
Aug 19, 2016 (LBO) – Tourist arrivals to Sri Lanka hit an all-time high in July this year, statistics from Sri Lanka Tourism Development Authority showed. …
Amana Takaful Life Limited shares debut on CSE
(PRESS RELEASE) - Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, rang the opening bell to commence trading and celebrate the …
Sri Lanka inks deal for ICT cooperation with Huawei
Aug 18, 2016 (LBO) – Sri Lanka's Ministry of Telecommunication and Digital Infrastructure and Huawei have signed a Memorandum of Understanding on information …