Laugfs to set up solar power plant in Hambantota
Sept 11, 2015 (LBO) - Laugfs Holdings Ltd. has acquired two solar panel projects with a plan to set up the largest solar power generator in the island. Laugfs …
Industry
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SriLankan Airlines appoints new CEO
Sep 10, 2015 (LBO) – SriLankan Airlines has appointed Captain Suren Ratwatte as the new chief executive officer of the airline with effect from October 2015. …
Youth unemployment can be addressed through technical training: Susil
Sep 10, 2015 (LBO) – Sri Lanka can overcome its youth unemployment issue by developing technical education, the newly appointed minister for technology says. …
Reforms needed for better Sri Lanka female labor force participation: World Bank
Sep 10, 2015 (LBO) – Legal discrimination, which can affect female labor force participation, is prevalent in Sri Lanka, a new World Bank report says. …
Sri Lanka’s Hambantota port to be developed with dockyard facility
Sep 09, 2015 (LBO) – Sri Lanka’s Hambantota Port is to be developed with dockyard facilities at the port at an estimated cost of two billion rupees, media …
Sri Lanka fruit exports up 51 pct, vegetables up 25 pct in 2014: CCC
Sep 09, 2015 (LBO) – Sri Lanka’s earnings from exports of fruits and vegetables during the year 2014 has increased compared to the previous year, the …
Netflix to enter Asia in 2016
Sep 09, 2015 (LBO) - Netflix, an on-demand internet and video streaming pioneer, with a subscriber base of 65 million in 50 countries will enter Hong Kong, …
Sri Lanka should reduce oil prices: Gammanpila
Sep 09, 2015 (LBO) – Sri Lanka should pass the benefit of falling crude oil prices to consumers, Parliamentarian Udaya Gammanpila said. Speaking at a press …
Govt agencies to be connected through GIS technology: ICTA
Sep 08, 2015 (LBO) - Geographic Information Systems (GIS) are fast becoming the platform of collaboration between organizations and the public mainly in the …
Sri Lanka to boost trade with Vietnam, Myanmar, Thailand through business forum
Sep 08, 2015 (LBO) - Sri Lanka's Ceylon Chamber of Commerce (CCC) will host a business forum with the aim of boosting trade and investments Vietnam, Myanmar …
Sri Lanka’s Pan Asia Bank to issue 20mn debt
Sep 07, 2015 (LBO) – Sri Lanka’s Pan Asia banking corporation will issue a 20 million debt with an option to issue more, the Company said in a stock …
Sanasa Bank to get IFC advice on small businesses and cooperatives
Sep 07, 2015 (LBO) - International Finance Corporation (IFC), a member of the World Bank Group, will provide advisory services to Sanasa Development Bank …
Sri Lanka’s capital skyline changes with rise in luxury apartment market: report
Sep 06, 2015 (LBO) – The skyline of Sri Lanka’s capital is growing in terms of the number of luxury apartment units with the market expected to reach …
Sri Lanka HNB Senior and Subordinated Debt gets AA-, A+ ratings :Fitch
Sep 04, 2015 (LBO) - Fitch Ratings has assigned Hatton National Bank proposed senior unsecured and subordinated debentures a expected National Long-Term …
Sri Lanka Aug tourist arrivals up 18.7 pct, China and India drive growth
Sep 04, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 18.7 percent to 166,610 in August 2015 from a year earlier, driven by China and India, data from the …
Sri Lanka, Australia bilateral trade up 18-pct in 2014
Sep 04, 2015 (LBO) – Two-way trade in goods between Australia and Sri Lanka has recorded an 18 percent increase last year over the previous year, Australian …
Asia Securities says S&P telecoms report on Sri Lanka unjustified
Sep 04,2015 (LBO) - Sri Lanka’s Asia Securities says it is bullish on the Sri Lanka telecommunication sector even though a recently released report by …
Sri Lanka to tap China’s growing religious tourism market
Sep 4, 2015 (LBO) – Sri Lanka tourism promotion bureau said that it plans to tap China’s growing religious tourists as almost 85 percent of the people in …
Sri Lanka joins Budapest Convention on Cybercrime
Sep 02, 2015 (LBO) – Sri Lanka has become a fully fledged member of the Budapest Convention on Cybercrime from this month, Council of Europe Treaty Office …
Dialog CEO says data pricing structures require correction: OBG
(From the Oxford Business Group) ** Data pricing structures would require correction in the face of voice to data conversion and emergence of OTTs, Hans …