Industry

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Google launches new mobile friendly logo

Sep 02, 2015 (LBO) - Google unveiled a new logo for its core search services smoothing out some of the features in the letters that make up the well-known …

Ceylon Motor Traders set standards for vehicle deals in Sri Lanka

Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the …

Bharti Airtel says mulling opportunities in South Asia

Sept 01, 2015 (LBO) - India's Bharti Airtel says the telecommunications company considers various options on a regular basis, amid media reports that it is …

Coca Cola Sri Lanka license suspended until it addresses contamination: CEA

Aug 31, 2015 (LBO) - The environmental protection license of Coca Cola's Sri Lanka unit will remain suspended until the company responds to an oil seepage into …

Time to focus on areas other than human rights: Mangala

Aug 31, 2015 (LBO) – Sri Lanka needs to focus on areas other than human rights in order to ensure long-term peace and stability, Foreign Minister Mangala …

Brandix allocates Rs5 mn for each model village in CSR project

Aug 27, 2015 (LBO) - Sri Lankan apparel exporter Brandix says it plans to allocate five million rupees for each 'model village' it supports with improved water …

Austrian Airlines to start winter flights to Sri Lanka

Aug 27,2015 (LBO) – Austrian Airlines, the country’s largest carrier which operates a global route network of round 130 destinations is to add Sri Lanka to …

Sri Lanka banks eye market-driven consolidation : OBG

By Oxford Business Group The coming year looks set to bring further consolidation to Sri Lanka’s financial sector, with market forces expected to drive the …

Samsung launches Galaxy A8, smartphone sales grow 150 pct

Aug 26, 2015 (LBO) - Samsung launched its newest Galaxy A8 model in Sri Lanka on Tuesday amid significant growth in demand for smartphones, an offical said. …

Sri Lanka foreigners to pluck more tea for Guinness Record

Aug 25, 2015 (LBO) – Sri Lanka will aim for a Guinness Record this week by having 3,000 kilograms of tea plucked with the help of 200 foreigners before …

Fitch affirms Standard Chartered Bank, Sri Lanka Branch at AAA

Aug 25, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Standard Chartered Bank, Sri Lanka Branch's National Long-Term Rating at 'AAA(lka)' with a …

Malaysia Trade Corp to fund infrastructure projects in Sri Lanka

Aug 25, 2015 (LBO) – The Malaysia External Trade Development Corporation (MATRADE) is to fund infrastructure projects in Sri Lanka through Malaysia’s EXIM …

Sri Lanka appoints three cabinet ministers

Aug 24, 2015 (LBO) – Three cabinet ministers took oaths before the President of Sri Lanka ahead of a full cabinet due to be sworn in on Tuesday. buy …

Sri Lanka to ink trade promotion MoUs with Hong Kong, Thailand and Korea today

Aug 24, 2015 (LBO) – Sri Lanka will sign three memorandums of understanding with Hong Kong, Thailand and Korea on Monday to boost regional trade, the Export …

Solar power becomes more competitive, investments rise in India, US

24 Aug, 2015 (LBO) - Solar power has become competitively priced in electricity markets and large investments are on the rise. India's Madhya Pradesh announced …

Ceypetco To Buy Murban Crude Oil On Term Contract

22 Aug, 2015 (LBO) - Sri Lanka's Ceylon Petroleum Corp will seek to buy Murban crude oil from Abu Dhabi on term contract after previously buying the oil in the …

Asia Capital Q1 loss lower at Rs92 million

Aug 21, 2015 (LBO) – Sri Lanka's financial services firm Asia Capital PLC reported a loss of 92 million rupees for the first quarter to June, down from a …

Sri Lanka‘s tea exports fall for 11th consecutive month

Aug 21, 2015 (LBO) – Sri Lanka’s Tea exports, continued to decline in June 2015 for the eleventh consecutive month, due to lower demand from main tea …

Sri Lanka’s Browns & Co plans tourism industry expansion

Aug 20, 2015 (LBO) – Sri Lanka’s household goods retailer Brown & Company wants to build two hotels in Maldives and expand from its current 308 …