February 28, 2018
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4min
Breakthrough device sets the stage for the future of mobile connectivity At Mobile World Congress, Huawei Consumer Business Group (CBG) launched its HUAWEI 5G customer-premises equipment (CPE), the world’s first commercial terminal device supporting the globally recognized 3GPP telecommunication standard for 5G. This device marks a milestone as Huawei sets the stage for the next […]

February 28, 2018
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3min
Colombo’s fastest growing culinary and entertainment hub Waters Edge recently opened doors to the latest addition to its culinary prowess in a novel way. The “Diyatha Station” is Sri Lanka’s first series of restaurants based inside a train and its carriages. The concept was initiated under the patronage of Minister of Megapolis and Western Development […]

February 27, 2018
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4min
Dealers who achieved beyond their targets in 2017 were rewarded by Multilac, Sri Lanka’s popular household paint, by taking the top performers on a dream excursion to see the exciting landmarks of New York and Washington.  It was a memorable experience for the 38 Multilac dealers who were treated to six days of sight-seeing in […]

February 27, 2018
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5min
The asset base of Sri Lankan cooperatives have increased to nearly Rs three billion (US $ 18 Mn)-and coops are no longer charitable but they too should now compete in the liberal market economy. “Cooperatives are no longer charitable organizations and they have to compete with other institutions in a liberalized market economy. Accordingly, Cooperatives […]

February 27, 2018
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1min
Allianz announced today that the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary regulatory approvals. This transaction brings together two highly complementary businesses for enhanced scale, competitiveness and service capabilities, while positioning Allianz as one of Sri Lanka’s largest general insurers and significantly accelerating its growth agenda in […]

February 27, 2018
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14min
IDC study commissioned by Microsoft predicts that approximately 60% of Asia Pacific’s GDP will be derived from digital products or service by 2021 By 2021, Digital Transformation is expected to add 0.8% CAGR GDP growth annually Digital Transformation brings increased profit margins, productivity, customer advocacy, revenue from new products & services and more cost reductions. These […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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