Tag: lbo.lk
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) – The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement said. It predicts growth of 3.2 percent in 2019, down from its April forecast of 3.3 percent while next year it is set to pick up to 3.5 percent […]
Sri Lanka officially adds “Port City” reclaimed land to Colombo map
Jul 24, 2019 (LBO) – Sri Lanka’s Minister for Megapolis and Western Province Development said the Ministry of Local Government will be tabling an act in parliament to add ‘Port City’ as part of the Divisional Secretary of Colombo. The new city will function as a special jurisdiction area with its own economic and commercial […]
NDBIB crowned Sri Lanka’s best investment bank by Euromoney
Jul 24, 2019 (LBO) – NDB Investment Bank (NDBIB) once again secured the prestigious “Best Investment Bank in Sri Lanka” award by Euromoney for the year 2019. This marks the 8th consecutive win for NDBIB, one of the longest winning streaks for any investment bank, and coincides with the 50th year anniversary of the Euromoney […]
China State Engineering rewards DP Jayasinghe for completing TRI ZEN’s piling
Jul 24, 2019 (LBO) – China State Construction Engineering Corporation (CSCEC) has rewarded DP Jayasinghe with 7 million rupees for completing TRI ZEN’s Piling Work ahead of schedule. D.P.Jayasinghe Piling Co. (Pvt) Ltd., showcased their dynamic expertise in the field of pile construction through successful completion of the piling project of TRI ZEN project, ahead […]
Sri Lanka Customs to investigate waste containers: Fin Min
Jul 24, 2019 (LBO) – The Finance Minister has ordered Sri Lanka’s Customs to conduct an investigation into the import of containers containing clinical waste to the island. He has warned that legal action will against those responsible, the Finance Ministry said issuing a statement. Minister Mangala Samaraweera has ordered Customs Director General P.S.M Charles […]
CEAT launches new radial tyre range with Rs.350Mn production upgrade
Jul 23, 2019 (LBO) – CEAT, a tyre brand has unveiled a new series of radial tyres in Sri Lanka following an investment of 350 million rupees to further upgrade the quality of a product category. The improvements, achieved with the installation of new state-of-the-art machinery and the use of new compounds with advanced polymers […]
UN Special Rapporteur on the rights of freedom of association and peaceful assembly on country visit
Jul 19, 2019 (LBO) – The Special Rapporteur on the rights of freedom of association and peaceful assembly, Clément Nyaletsossi Voule commencing his official country visit to Sri Lanka from 18 -26 July 2019, called on Foreign Minister Tilak Marapana at his Ministry, yesterday. Foreign Minister Marapana observed that the freedom of association and peaceful […]
Sri Lanka vehicle registrations down in June 2019
Jul 22, 2019 (LBO) – Sri Lanka’s vehicle registrations across most categories have declined in June relative to May, a new report shows. Data compiled by JB Securities equities research shows a drop in 2-wheeler registrations have driven down the total to 26,201 the lowest on record over the past 36 months. The slowdown and […]
Sri Lanka needs to improve energy sector governance: Dr Priyantha Wijetunga
Jul 19, 2019 (LBO) – Sri Lanka has a long way to go when it comes to energy sector governance Director, Asian Development Bank, South Asia Energy Division, Dr Priyantha Wijetunga at the ‘techno’ 2019 launch at Marino Beach Colombo held recently. “With all advancement and with all progress in the energy sector in various […]
EU reiterats call to maintain moratorium on death penalty in Sri Lanka with view to abolition
Jul 18, 2019 (LBO) – The Delegation of the European Union (EU) issuing a statement said they reiterated their call to Sri Lanka to maintain its moratorium on the death penalty with a view towards complete abolition. The statement was issued in agreement with the Embassies of France, Germany, Italy, Netherlands, Romania and the UK […]
England wins 2019 Cricket World Cup
Jul 15, 2019 (LBO) – England pulled off the greatest World Cup final win over New Zealand to secure cup after a nail-biting tie-break finish, Sunday at Lords. Both teams ended up equals, not once, but twice.First, in the regular game, then in the Super Over. Eoin Morgan’s side finished on 241 all out in […]
‘s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) – The Finance Ministry’S “Enterprise Sri Lanka” exhibition will be held in Anuradhapura from July 24-27. This exhibition will be a platform for intended entrepreneurs to obtain the knowhow and share knowledge on the enterprise development. Arrangements have been made through the State and private banks and other relevant agencies to […]