Laugfs launches virtual shopping site in Sri Lanka
Jan 25, 2016 (LBO) – Sri Lanka’s Lfinity Pvt Limited, a subsidiary of Laughfs Holdings, announced the launch of a virtual hyper mall, ‘clickNshop.lk’, …
Industry
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Sri Lanka motor car registrations drop to 7,177 in Dec: JB
Jan 25, 2015 (LBO) - Sri Lanka's vehicle registration momentum came down in Dec with the reinstatement of the LTV rule and higher incidence of duty on …
Sri Lanka’s Norochcholai to add 900MW to national grid
Jan 25, 2016 (LBO) – Sri Lanka’s Minister of Power said the Norochcholai coal power plant will add 900 megawatts of electricity to the national grid this …
CHEC Port City refutes allegations by Sri Lanka state minister
Jan 22, 2016 (LBO) - CHEC Port City Colombo in a letter to Sujeewa Senasinghe, state minister of international trade, has refuted a public statement by him of …
Sri Lanka to obtain membership of Asian Infrastructure Bank with USD 268mn
Jan 21, 2016 (LBO) – The Cabinet has approved the draft bill to enable Sri Lanka to obtain the formal membership of the Asian Infrastructure Investment Bank …
Bank of Tokyo Mitsubishi UFJ opens representative office
Jan 21, 2015 (LBO) - Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan's largest bank by market value, opened a representative office in Sri Lanka on Thursday to …
China eyes more investment opportunities in Sri Lanka: PM (VIDEO)
Jan 21, 2016 (LBO) – Prime Minister Ranil Wickremesinghe said in Switzerland that Sri Lanka is expecting more investments from the China apart from the …
Interview: Aircraft purchases add to Sri Lanka financial burden, says Eran
Jan 21, 2015 (LBO) - Aircraft purchases by Sri Lanka’s previous government, which do not make business sense, have added to the financial burden of the state …
Fourth Industrial Revolution to impact developing countries: UBS report
Jan 21, 2016 (LBO) - Developed countries could gain more from the introduction of new technologies through automation and artificial intelligence, Swiss bank …
Sri Lanka to call open tenders to purchase locomotives, power sets
Jan 20, 2016 (LBO) – The Transport Ministry is to call open tenders to purchase locomotives for Sri Lanka Railways allowing a German company to forward their …
Korea’s Kunyoung launches in Sri Lanka, eyes construction
Jan 20, 2016 (LBO) - Kunyoung Engineering and Construction Co launched in Sri Lanka on Tuesday increasing the number of Korean companies taking an interest in …
People without access to digital technology will be left behind: World bank
Jan 19, 2016 (LBO) - Greater effort must be made to connect more people to the internet and to create an environment that unleashes the benefits of digital …
Sri Lanka’s electricity pricing to be made more transparent: PUCSL
Jan 19, 2016 (LBO) - Sri Lanka’s energy sector will be introducing more transparent electricity tariffs in the future, the Director General of the Public …
India’s Krrish Group’s controversial Colombo project to recommence: BOI
Jan 19, 2016 (LBO) – Sri Lanka’s government is planning to sign a new agreement with India's Krrish Group to restart its long delayed and controversial …
Sri Lanka Telco outlook improves with new budget: Fitch
Jan 18, 2016 (LBO) – Fitch Ratings has revised the outlook on Sri Lanka's telco sector to stable from negative as the new budget, introduced in December …
Sri Lanka targets USD5 bn FDI in next three years, Malik to visit China
Jan 18, 2016 (LBO) - Sri Lanka is targeting five billion US dollars worth of foreign direct investments (FDI) in the next three years, Minister of Development …
Internet Explorer terminates support for older versions
Jan 16, 2016 (LBO) – Microsoft’s built-in search tool ‘Internet Explorer’ has discontinued its support for older versions of explorer from January 12, …
Transport ministry calls local bids to repair railway coaches
Jan 14, 2016 (LBO) – Sri Lanka’s Cabinet has decided to call competitive bids from local industrialists to undertake heavy repairs of railway passenger …
Manning Market to relocate, area for transportation facilities
Jan 14, 2016 (LBO) – The Cabinet has decided to relocate the Manning Market from Colombo port to Peliyagoda area and utilize the premises for public …
Uber launches new budget version in Sri Lanka
Jan 14, 2016 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched its more economical version, UberGO in Colombo, …