Sri Lanka commences innovation portfolio measuring
June 15, 2016 (LBO) - Work on Sri Lanka’s long awaited national Innovation Index which is set to measure the islands innovation portfolio, began in Colombo, …
Industry
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DFCC Bank launches Sri Lanka’s first virtual payment system
Jun 14, 2016 (LBO) – Sri Lanka’s DFCC Bank launched the Vardhana virtual wallet, a mobile application that enables financial inclusion for its customers, …
Microsoft to acquire LinkedIn for USD26.2bn
June 14, 2016 (LBO) – Microsoft is to acquire social networking site LinkedIn for 196 US dollars per share in an all-cash transaction valued at 26. buy …
People’s Bank unveils solar power loan scheme
June 13, 2016 (LBO) People’s Bank has launched a solar power loan scheme to promote the use of solar energy as part of its drive towards being a carbon …
Foreign Employment Bureau collects Rs56mn from illegal job agencies
June 13, 2016 (LBO) – Sri Lanka Bureau of Foreign Employment has conducted 56 raids during the first five months of this year and collected 56 million rupees …
360 videos set to transform filmmaking, social media and news
June 11, 2016 (LBO) - 360 degree videos, also known as immersive videos, are expected to revolutionize filmmaking, social media videos and news reporting, with …
Sri Lanka seeks new agreement for Colombo Port City
June 10, 2016 (LBO) – Sri Lanka’s Prime Minister has appointed a committee to look into the possibility of formulating a new agreement for the Colombo Port …
Sri Lanka needs comprehensive system of trade agreements: Malik
June 10, 2016 (LBO) – Sri Lanka now needs a comprehensive system of trade agreements as 50 percent of global trade is in fact dependent on trade agreements, …
Sri Lanka’s MICE tourism capacity could do better: Minister
Jun 10, 2016 (LBO) – Sri Lanka should look at increasing its potential as a venue for holding Meetings, Incentive travel, Conferences and Events (MICE) …
Sri Lanka Ports Authority calls EOIs to develop East Container Terminal
June 09, 2016 (LBO) - The Sri Lanka Ports Authority has invited expressions of interest to develop the East Container Terminal of the Colombo Port on a build …
Cruise passenger volumes double in Asia; Sri Lanka eyes market
June 09, 2016 (LBO) - Asian cruise passenger volume nearly doubled to almost 1.4 million in 2014, from 775,000 in 2012, according to a report by the Cruise …
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) - Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, instead …
BOI facilitates Japanese investors at meeting with Japanese chamber of commerce and industry
The Board of Investment of Sri Lanka hosted the annual Japan-Sri Lanka Government Private Sector Joint Forum for existing Japanese Companies based in …
Sri Lanka approves funds for reservoirs and Southern roads
Jun 08, 2016 (LBO) - Sri Lanka’s cabinet has approved several reservoir and road development projects including the lower MalwathuOya reservoir and roads …
World Bank downgrades 2016 global growth to 2.4-pct
June 08, 2016 (LBO) - The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January, a statement …
Sri Lanka’s longest Rajagiriya overhead bridge work commences
June 08, 2016 (LBO) - Construction work on Sri Lanka's Rajagiriya overhead bridge was inaugurated on Monday by Harsha de Silva, the deputy minister of foreign …
Commercial Bank begins new series of entrepreneurship programmes for women
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their …
Sri Lanka tourist arrivals up 10 pct in May, Europe leads
June 07, 2016 (LBO) - Tourist arrivals to Sri Lanka rose 10 percent in May to 125,044 visitors compared with the same month last year, official data showed. …
Designer swimwear show to be held at Colombo Port
June 07, 2016 (LBO) - Colombo Fashion Week will showcase the latest trends in swimwear from June 24-26 at the ECT Terminal of the Colombo Port, organizers …
Sri Lanka’s Hemas Holdings March net profit down 3.5-pct
June 07, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare has posted a shareholder profit of 744 million rupees …