Category: Industry
Central Bank considering alternatives to revive Swarnamahal Financial Services
May 02, 2019 (LBO) – Sri Lanka’s Central Bank said they are currently considering alternative measures to revive Swarnamahal Financial Services PLC as the buyer failed to remit the remaining amount for the disposal of ETI Finance Ltd (ETIF).Monetary Board gave its concurrence on 21 February 2018 to dispose identified subsidiary, sub-subsidiary companies and investment properties of ETIF for […]
LAUGFS officially inaugurates operations of S Asia’s largest LPG transshipment terminal
May 02, 2019 (LBO) – LAUGFS Terminals Ltd officially inaugurated operations of its LPG transshipment terminal at the Hambantota international Port. It is the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan flagged vessel Gas Success, part of LAUGFS Maritime’s own LPG vessel fleet. […]
HappyMarket.lk Helping Small Entrepreneurs Bust the Sales Barrier
By Jekhan Aruliah If your objective is to make money you’d better be sure you know how to sell. If you need to feed and house and educate your family. Or you need to impress your colleagues with the latest baubles, gadgets and fancy cars. Whether you are coding apps, handmaking ornaments, cultivating mangoes, or […]
Social media and messaging apps restored in Sri Lanka
Apr 30, 2019 (LBO) – Access to social media and messaging apps is being restored in Sri Lanka on the ninth day after the services were blocked as a security measure following a series of terror attacks, according to the latest NetBlocks network data. The restoration appears to be in progress and is as yet only […]
‘s housing market is gearing to meet economic, environmental and social challenges
Apr 30, 2019 (LBO) – Sri Lanka’s Landmark Group, a real estate development company bent on challenging traditional approaches to the island’s housing and property market says it is now gearing up to meet the economic, environmental and social challenges facing the industry. The real estate company is run by leading businesswoman Neelangani Hapangama and managed by […]
Sri Lanka bans all forms of face covers following terror attacks
Apr 29, 2019 (LBO) – President Maithripala Sirisena, under Emergency Regulations, has taken steps to ban from April 29th, 2019, all forms of face covers that may hinder one’s identity been ascertained, as a threat to national security and public safety. This directive specifies the need for one’s face been clearly visible for ascertaining their identify […]
Sri Lanka vehicle registrations rebound in March 2019
Apr. 29, 2019 (LBO) – Vehicle registrations rebounded on most categories in March recording a total of 35,150 units up from 29,837 units the previous month due to the higher number of working days in March compared to February, a new report says. Total motor cars recorded 2,961 units in March up from 2,347 units in […]
Dialog will double every donation up to Rs.100Mn to help victims of 21st Apr tragedy
Apr 29, 2019 (LBO) – ‘Dialog Foundation’, a charitable trust under the aegis of Dialog Axiata PLC, invites all Sri Lankans to help victims of the tragic events on 21st April, 2019, that claimed the lives of 253 people and injured hundreds. Dialog pledged to double every donation up to Rs.100 Million and utilise these […]
Sri Lanka tourism may be able to weather the Easter Sunday shock
April 27, 2019 (LBO) – The Sri Lankan economy and its tourism sector may be able to withstand the shock from the Easter Sunday terror attacks according to Central Bank Governor Indrajit Coomaraswamy. In an interview with anchor Sri Jegarajah of global business network CNBC, the highly respected central banker said it was too early […]
Sri Lanka suspends visa on arrival programme after Easter Sunday tragedy
Apr 26, 2019 (LBO) – Sri Lanka has postponed the launch of its program on visa regime facilitation with 39 countries in the wake of the deadly bombings that shook the country on Sunday, Tourism Minister John Amaratunga said. “Visa on arrival pilot programme set for May 1st launch for 39 countries put on hold due […]
We are ready to welcome visitors from tomorrow: The Kingsbury Colombo
Apr 24, 2019 (LBO) – The Kingsbury Colombo said that they are ready to welcome visitors to the hotel from tomorrow and that the security in the premises and the periphery of the hotel has been strengthened in coordination with state authorities. Statement to Media Colombo, April 24, 2019: Recent events have been deeply disturbing however […]
Sri Lanka Tourism reassures world that the country is open for business
Apr 23, 2019 (LBO) – Sri Lanka Tourism on Tuesday reassured the world that the country is open for business and all possible measures have been taken to ensure the safety and security of tourists. Releasing a statement, the country’s tourism office said tourist attractions, hotels, resorts will remain open as usual and there are […]