Category: Other
Developing Asia’s Growth Outlook Pressured by China, India Moderation – ADB
Sep 22, 2015 (LBO) – Developing Asia’s growth projection for 2015 is to be pressurized due to softer growth prospects of China and India and a slow recovery in the major industrial economies, Asian Development Bank says in a report. In an update of its flagship annual economic publication, Asian Development Outlook 2015 (ADO 2015), ADB now […]
Volkswagen shares plunge 20 pct on admission of rigged emission tests
Sept 22, 2015 (LBO) – Shares of Volkswagen fell nearly 20 percent on Monday after the German carmaker admitted it had manipulated emissions tests of diesel vehicles in the United States, media reports said. The U.S. Environmental Protection Agency on Friday accused the carmaker of using software that tricked regulators who measured emissions from these […]
US Embassy empowers youth to improve local communities
The United States awarded nearly 0,000 (approximately LKR 21,000,000) to 16 civil society organizations as part of the U.S. Embassy’s annual Youth Empowerment Grants, an innovative way to provide seed funding for up-and-coming groups working on solutions to problems affecting youth across Sri Lanka.“This year’s International Day of Democracy emphasizes the critical role of civil […]
Sri Lanka Association of Inbound Tour Operators gets a new president
Devindre Senaratne, the Managing Director of JourneyScapes Private Limited as elected as the President of the Sri Lanka Association of Inbound Tour Operators (SLAITO) at the 35th Annual General Meeting of the Association, which was held recently at the Coco Royal Beach Resort, Waskaduwa. In the meantime, Mr. Harith Perera, Managing Director of Diethelm Travel […]
A Nostalgic Moment for LAUGFS
LAUGFS recently celebrated its 20th anniversary by taking a journey back to its cultural roots, in the historic city of Anuradhapura. Over 500 employees from across all LAUGFS companies joined together with the Group Chairman, Mr. W. K. H. Wegapitiya and Group Managing Director, Mr. Thilak De Silva in gratitude for LAUGFS’s remarkable achievements on […]
Leading to clean country
President participates Coastal Clean-up Day celebrations The national ceremony to mark International Coastal Clean-up Day which falls on the 3rd Saturday of September, was held under the patronage of President Maithripala Sirisena today (Sep. 19) at the Galle Face Beach. Coastal Cleanup Day is dedicated to the improvement of beaches, coastal regions and surrounding areas […]
Odel launches campaign to protect Yala wildlife
Sept 19, 2015 (LBO) – To encourage responsible behaviour during wildlife watching in Sri Lanka’s Yala national park, ODEL plans to install signboards and launch a media campaign, the company said.“Protecting the animals of Yala from irresponsible and ignorant visitors has become an urgent priority,” said Desiree Karunaratne, group marketing director of Softlogic Holdings, the […]
Sri Lanka policy change will accelerate poverty reduction: World Bank
Sept 19, 2015 (LBO) – Policy change is critical to accelerating poverty reduction and boosting prosperity in Sri Lanka, the World Bank Vice President for the South Asia Region, Annette Dixon, said during her recent meetings with the island’s leadership. She renewed the World Bank’s commitment to partner with the new government in implementing policy […]
SriLankan Airlines invests in continuous employee development
National carrier SriLankan Airlines has initiated a dynamic venture for harnessing the potential and talents of their employees, by proposing to fund their post graduate higher education under the Airlines’ Continuous Professional Development Programme.The objectives of the programme is aimed at developing a motivated and highly skilled professional workforce that would contribute positively to the […]
Mr and Miss UK commends Sri Lanka – Destination of the Year title
Miss UK Natasha Hemmings and Chris Bramell Mr. UK, who visited Sri Lanka Tourism commended the title Destination of the Year’ – for sea and tea by The Sunday Times UK the best selling news paper in UK which reaches 3.5 million on a multi platform basis.Chairman Sri Lanka Tourism Promotions Dr Rohantha Athukorala commented […]
Govt signs USD 150 mn ADB loan for water to dry zone
Sep 17, 2015 (LBO) – Sri Lanka’s government signed a 150 million US dollar loan agreement with the ADB to address the water scarcity in the islands dry zone, the Asian Development Bank said in a statement. The loan is the first tranche of a 453 million US dollar multi-tranche financing facility to help complete […]