Category: Other
Amanté launches e-commerce platform
With the launch of amanté’s e-commerce platform, customers in Sri Lanka and beyond can purchase the premium lingerie brand with minimum hassle. The online portal is designed to suit today’s fast paced lifestyles, where convenience is key. It will enable women, or the men in their lives, to choose lingerie online and have them delivered […]
Uga Escapes, unveils Chena Huts
Uga Escapes consolidated its position in the leisure industry this month by unveiling its newest addition to its range of luxury boutique hotels, Chena Huts, a chic hideaway nestled deep within Yala constructed with an investment of Rs. 800 million. The luxury boutique hotel is located on a seven-acre expanse of land and comprises 14 […]
Warship HMS Defender in Colombo
HMS Defender is paying a routine visit to Colombo to take on stores and fuel before continuing with her duties in the Indian Ocean. This is the first time in four years that a RN warship has visited Sri Lanka, a country with which the United Kingdom shares a long military history. The Ship’s visit […]
Sri Lanka needs more Sinhala, Tamil online content: CPA media Survey
Jan 29, 2016 (LBO) – Sri Lanka’s web usage would increase if more content was available in Sinhala and Tamil, a new media survey by the Centre for Policy Alternatives (CPA) said. If the device that they use to access the web supported Sinhala and/or Tamil fonts, almost 50 percent of the respondents agreed their usage […]
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘BB-. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as SLA’s parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee of principal and interest of the notes provided by […]
Bank of Japan introduces negative interest rate policy
Jan 29, 2016 (LBO) – The Bank of Japan has introduced a negative interest rate policy to achieve a price stability target of 2 percent at the earliest possible time. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan has decided to introduce Quantitative and Qualitative Monetary Easing with […]
”, Sri Lanka begins screening at airport
Jan 29, 2016 (LBO) – The World Health Organization said the spread of the Zika virus, transmitted by mosquitoes, is “explosive” and more studies were needed, as Sri Lanka began screening visitors from Latin American and African countries at the airport. The Zika disease has been detected in 23 Latin American countries and linked to […]
Amari Galle Sri Lanka – on track to open in late 2016
Construction of Amari Galle Sri Lanka is progressing on schedule, with the resort on track to open in late 2016. This upcoming opening marks the introduction of the Amari brand by ONYX Hospitality Group to Sri Lanka, and follows on the success of two earlier openings in the country – OZO Colombo and OZO Kandy. […]
Safety of life at sea amendment from July, says European Chamber of Commerce
Jan 28, 2016 (LBO) – The International Maritime Organization’s amendment to the Safety of Life at Sea (SOLAS) agreement will come in to effect globally on July 1, 2016, which Sri Lankan authorities and shippers will need to follow, the European Chamber of Commerce in Sri Lanka said in a white paper. This amendment stipulates […]
SriLankan launches thrice-weekly non-stop flights from Guangzhou to Colombo
SriLankan Airlines introduces thrice weekly non-stop flights from Guangzhou to Colombo from January 2016, on three of its four frequencies, becoming the first airline operating direct flights between Guangzhou and Colombo in the South China market. The flying hours of these non-stop frequencies are estimated to be 05 hours and 40 minutes whereas the previous […]
Sri Lanka up two notches on Corruption Perceptions Index 2015
Jan 28, 2016 (LBO) – Sri Lanka has been ranked 83rd among 168 countries in the 2015 Transparency International Corruption Perceptions Index showing a marginal improvement on its 85th place in 2014. The index which ranks countries according to the perceived level of public sector corruption is based on a scoring system that ranges between […]
Fonterra, Dairy co-operative unveils wider strategy to support local dairy industry
Fonterra Brands Sri Lanka today announced the construction of its first demonstration and training farm in Sri Lanka,as part of the company’s long-term investment in the growth of the local dairy industry. The dairy co-operative, which has been operating in Sri Lanka for over 38 years, has invested overRs. 380 million in local dairy development […]