Category: Other
Huawei GR5 2017 launched in Sri Lanka – first in region
Huawei, the fastest growing smartphone brand in Sri Lanka, together with Singer Sri Lanka, launched the all new Huawei GR5 2017 at a ceremonious unveiling at the Singer Lifestyle Festival in Colombo. The launch event was graced by Huawei Sri Lanka CEO Shunli Wang, Huawei Device Sri Lanka General Manager Kalpa Perera, Singer Sri Lanka […]
Fitch rates National Insurance Trust Fund AA-(lka) Stable
Fitch Ratings has assigned Sri Lanka-based National Insurance Trust Fund Board (NITF) a National Insurer Financial Strength Rating (IFS) and National Long Term Rating of ‘AA-(lka)’. The Outlook is Stable. NITF’s ratings reflect strong ties with the government of Sri Lanka (B+/Negative), a strong business profile as the only reinsurer in the country, high capitalisation […]
Seylan Bank adds Factoring to portfolio of services
Nov 21, 2016 (LBO) – Seylan Bank says it has added Factoring to its portfolio of services offering a wider choice of working capital financing options. This service is available for any type of business ranging from SMEs, corporate as well as start-ups, the bank said in a statement. Factoring allows generating cash flow without […]
‘s Budget 2017 second reading passed in Parliament
Budget 2017 second reading passed a short while ago with 162 for the motion, 55 against and 7 absent.
Supreme Court upholds right to sing National Anthem in Tamil
Nov 18, 2016 (LBO) – A fundamental rights case challenging the legality of playing the National Anthem in the Tamil language at the Independence Day celebration on February 4, 2016 has been dismissed by the Supreme Court. Lawyer Mahanama De Silva, for petitioners V. S. Sudath Perera, M. P. Asiri Soysa and G. A. Don […]
Sri Lanka & American universities cooperate on innovation, entrepreneurship
Top American engineering and science universities shared strategies for developing technology incubators and technology transfer offices with Sri Lankan university, government, and business leaders as part of the U.S. commitment to helping Sri Lanka develop a diversified, modern economy that can attract foreign and domestic investment. “Sri Lanka is well-positioned to become a technology hub […]
MTD Walkers gross profit margin up 7-pct in second quarter
Integrated infrastructure and engineering solutions provider MTD Walkers PLC has posted a revenue of LKR 3.6 billion for the second quarter of 2016/17. The Group has managed to increase its gross profit margin to 27% up from 20% in the second quarter last year in what continues to be a tough year for the construction […]
LBR LBO DEBRIEF to focus on unfolding economic and geo-political landscape
Nov 18, 2016 (LBO) – The fourth edition of the “Economic and Business Climate Outlook 2017” will offer an overview of emerging Asia and the Sri Lankan economy, and the views of business leaders on navigating their businesses in 2017 amidst growing economic and geo-political volatility. Lanka Business Online, LBO, will be hosting the annual […]
Australia, UK High Commissions open new Visa Application Centre in Colombo
The High Commissioners of Australia and the UK to Sri Lanka formally inaugurated VFS Global’s new Visa Application Centre (VAC) today. The new VAC is located in Arnold Ratnayake Mawatha and offers customers a larger application centre and more appointments slots. This will make the process of applying for UK and Australian visas quicker and […]
Anantaya – Chilaw wins at World Luxury Hotel Awards 2016
(PRESS RELEASE) – Anantaya Resort & Spa – Chilaw did Sri Lanka proud on the global tourism stage, grabbing the Country Award for Luxury Hotel and Conference Centre in addition to walking away with the coveted Regional Award for Luxury Wedding Destination at the 2016 World Luxury Hotel Awards ceremony held in Qatar. Setting a […]
Statement by FM at 22nd Climate Change Conference (COP22) in Marrakech
(PRESS RELEASE) – Minister of Foreign Affairs Hon. Mangala Samaraweera participated at the High Level Segment of the 22nd Session of the Conference of Parties to the United Nations Framework Convention on Climate Change (COP22) and the 12thSession of the Conference of Parties serving as a Meeting of Parties to the Kyoto Protocol, on 16 […]
Sri Lanka planters warn on land redistribution budget proposals
Nov 16, 2016 (LBO) – The Planters’ Association of Ceylon (PA) said it has serious reservations as to the feasibility and potential impact of recent budget proposals on Sri Lanka’s plantation industry, a statement said. Sri Lanka’s budget 2017 proposed for a reduction in the maximum acreage that can be held by any stand-alone plantation […]