Category: Other
EU Observation Mission distributes equipment to Sri Lankan civil society
On its way to concluding the EU EOM to Sri Lanka which witnessed a well administered 2015 Parliamentary elections, the EU EOM on 3 September distributed a wide variety of equipment to Sri Lankan civil society members.Accepting that civil society must be able to relay and receive information in an effective manner, not only during emergency operations but […]
Asian stocks up as China takes long week-end break
Sep 03, 2015 (LBO) – Asian markets opened higher on Thursday, following a Wall Street rally on Wednesday and stronger commodity prices, foreign media reports said. Japan’s benchmark Nikkei index was up 1.8 percent to 18,412.2 in early trade. While, In South Korea, the benchmark Kospi index was higher by 0.8 percent at 1,929.6 after […]
‘s SMEs need more growth capital to be competitive: ADB
Sep 03, 2015 (LBO) – Sri Lanka’s and the rest of Asia’s small and medium sized enterprises (SMEs) need finance to help them grow into dynamic, internationally competitive companies, an Asian Development Bank (ADB) report said.This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown, says […]
Germany adds zest to Ceylinco Life’s ‘Family Savari 9’ promotion
Ceylinco Life has stimulated fresh interest in its ‘Family Savari’ mega promotion with the announcement today that five policyholders and their families will win an all-expenses-paid holiday in Germany as the grand prize of the 2016 edition of this annual extravaganza. The addition of an exciting and aspirational new destination each year has become a […]
Nestlé Lanka PLC Opens Trading at CSE
Nestlé Lanka PLC (NEST) opened trading on the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Managing Director Mrs. Shivani Hegde, Non-Executive Director Mr. Mahen Dayananda, Non-Executive Director Mr. Ranjan Seevaratnam, Executive Director and Vice President – Finance […]
Commercial Bank supports ‘Construct 2015’ as Official Banker
Commercial Bank supported Sri Lanka’s construction sector as Official Banker to ‘Construct 2015’ one of the largest construction sector exhibitions in the South Asian region.Organised annually by the National Construction Association of Sri Lanka (NCASL), Construct 2015 took place for the 15th consecutive year on the 28th, 29th and 30th of August at the Sirimavo […]
US Embassy to build 8 schools in East for USD3.3mn
On Friday, August 28, the U.S. Embassy signed a Memorandum of Understanding to build 8 schools for the different communities throughout the Eastern Province with Governor Austin Fernando and the support of the Eastern Provincial Council.These schools will be an investment of .3 million (nearly 450 million Sri Lankan Rupees) to build education facilities that […]
Sri Lanka plantation worker wage hike talks in deadlock
Sep 01, 2015 (LBO) – Sri Lanka’s Planters Association says higher wage demand issue of the tea planation workers is still dragging.“Status remains as it is, since no one came for a final solution,” Roshan Rajadurai, president of Planter’s Association of Ceylon, told Lanka Business Online.“We could not afford the almost 50 percent wage hike […]
Laws to stop use of polythene and asbestos to be announced: President
Aug 31, 2015 (LBO) – Laws preventing the use of polythene will be put in place from January 1, 2016.A ban on imports of asbestos will be announced at the same time, Sri Lanka’s President Maithripala Sirisena has said.“President Sirisena recalled that he made plans to ban the use of polythene and prevent import of […]
Emirates inks deal with MCI Group to become its Official Airline Partner
Emirates, the world’s largest international airline, and MCI have announced a global alliance which will see Emirates becoming the official airline of its large and international events. MCI in turn will be the preferred Professional Congress Organiser (PCO) for Emirates. The strategic partnership will help Emirates build a strong MICE (Meetings, Incentives, Conferences and Exhibition) […]
LUSH launches second skin clinique in the heart of Colombo
President inaugurates chic boutique amidst an exclusive gathering LUSH the state-of-the-art Skin Clinique ceremoniously launched its second skin care centre ‘LUSH @Park Medical Aesthetics’ in the heart of Colombo today. The grand opening ceremony was held under the patronage of His Excellency the President Hon. Maithripala Sirisena, Founder Director Sheromi Samaradiwakara and the management of […]