Category: Industry
Samsung brings world’s first QLED 8K TV to Sri Lanka in partnership with Jaguar Land Rover
Samsung Sri Lanka today launched the world’s first QLED 8K TV in Sri Lanka in partnership with SML Frontier Automotive, sole agents for Jaguar Land Rover in Sri Lanka. The Samsung QLED 8K TV, a must-have for all luxury homes, comes with Real 8K Resolution, 8K AI Upscaling, Quantum Processor 8K, and Quantum HDR – […]
Sri Lanka wins “Best Folklore Performance Award” at Seoul tourism fair
The Embassy of Sri Lanka in Republic of Korea in association with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s pavilion at the Seoul International Tourism Industry Fair (SITIF) in the COEX exhibition center in Seoul from 06 to 09 June2019. All the major tourist destinations in Asia, Middle East, Europe, and Africa […]
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) – The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of financial institutions and stakeholders, recently. This was the national launch of the roadmap for sustainable finance which was unveiled globally in April 2019 at the sustainable banking network global […]
”
Jun 19, 2019 (LBO) – Fitch Ratings has assigned SriLankan Airlines Limited’s (SLA) proposed issue of US dollar government-guaranteed bonds an expected rating of ‘B(EXP)’. The proceeds of the issuance will be used to refinance the company’s 175 million dollars bond due 27 June 2019. The final rating is contingent upon the receipt of final […]
Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack
(PRESS RELEASE) – Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and Utilities continues unhindered. The sector reports continued interest from local and international buyers who believe “Sri Lanka will bounce back”, from the recent Easter Sunday attacks that took place on April 21 […]
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) – Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise Salu Sala. While we commend this decision, we are also anticipating the official gazette enacting this statement. The SaluSala, now a white elephant to society, was once the only state textile trading enterprise in the […]
Sri Lanka vehicle registrations down in May 2019
Jun 19, 2019 (LBO) – Vehicle registrations across the board slowed except for 2 wheelers, mini and light trucks during the period May 2019, a new report shows with the turmoil in the country during that month significantly contributing. Total motor car registrations recorded 1,816 units in May down from 2,120 units in April and […]
Samsung Electronics remains top brand in Asia for eighth consecutive year
Samsung Electronics has been named the best brand in Asia in 2019 for the eighth year in a row, according to results from ‘Asia’s Top 1000 Brands’ annual online survey conducted by Campaign Asia-Pacific in collaboration with Nielsen. The ranking – which aggregates views from across 15 major product categories including automotive, retail, F&B and […]
Ritz-Carlton Residence and Hotel Tower reaches 30th floor
Jun 17, 2019 (LBO) – Keeping its promise to its client’s and stakeholders, developers of The Ritz-Carlton Hotel and Residence, Colombo, The One Transworks Square Ltd. announced that the 30th floor of the 80-floor tower is now completed as per the schedule. The ultra-luxury tower standing at 326 m will house the hotel brand ‘The […]
Govt provides sovereign guarantee to RDB Bank to obtain USD 50mn loan from ADB
Jun 15, 2019 (LBO) – Government has facilitated the Pradeshiya Sanwardana Bank, by providing a sovereign guarantee, to obtain a loan amounting to 50 million US dollars from the ADB which is operating islandwide providing financial and advisory services to Micro, small and medium enterprises. The Finance Ministry said the project will increase employment opportunities […]
Sri Lanka BoI sign USD1.6Mn Yala hotel deal with Spanish firm
Jun 14, 2019 (LBO) – The Board of Investment of Sri Lanka signed an Agreement with Putus Brother’s Sustainable Developments (Private) Limited to build, construct and operate a 15 cabana hotel project in Palatupana, Yala. The total value of the project is US 1.6 million dollars. The project will consist of 43 luxury cabanas in […]
eChannelling introduces Artificial Intelligence based Chabot
Jun 13, 2019 (LBO) – eChannelling, the largest Doctor Channeling Network in Sri Lanka, has launched a Chatbot for the first time in Sri Lanka’s healthcare industry. To provide this convenient method to its customers, eChannelling has joined hands with Autochatic, creators of the world’s only no-coding, context-aware multilingual Chatbot building platform. Autochatic is headquartered […]