Tag: lbo.lk
Sri Lanka to build 100,000 bpd refinery with India
NEW DELHI, Oct 6 (Reuters) – Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo. India has been vying for major projects […]
New board appointments at Softlogic
(PRESS RELEASE) – Softlogic Holdings PLC recently announced the appointment of Prof. Ajantha Dharmasiri and Mr. Aaron Russell-Davison as Non-Executive Independent Directors with effect from 1st July and 5th October 2016 respectively. Prof. Dharmasiri is Chairman and Director of the Board of Management of the Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura. He […]
Asian shares firm after U.S. service sector rebounds
TOKYO, Oct 6 (Reuters) – Asian shares firmed on Thursday, encouraged by stronger U.S. economic data and a rise in oil prices, while growing prospects of a U.S. rate hike hit gold and the boosted the dollar to one-month highs versus the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent […]
Coal carrier Ceylon Princess arrives in Sri Lanka
Oct 06, 2016 (LBO) – Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to power plants. Speaking at the occasion Minister of Port and Shipping said that this will ensure energy security. “Having our own ships will ensure some stability in coal […]
SriLankan Airlines says loss reduced, six A320s on the way
Oct 05, 2016 (LBO) – SriLankan Airlines said in the financial year ending 31st March 2016, the airline recorded a reduced loss of 9.03 billion rupees, which represents a 45 percent improvement compared to the previous year. “At the end of the last financial year, without the ‘one-off’ payment relating to cancellation of the lease […]
SriLankan to lose USD47mn during BIA runway repair
Oct 05, 2016 (LBO) – SriLankan Airlines said that they would incur a revenue loss of 47 million US dollars due to the closure of Colombo’s Bandaranaike International Airport in 2017. “The first 3-4 months of next year would be tough for us as we will be cancelling close to 200 flights,” Capt. Suren Ratwatte, chief executive […]
SriLankan Airlines adds new routes Jakarta, Gan Island
Oct 05, 2016 (LBO) – SriLankan airlines said in a bid to boost regional routes and higher profits it will add Jakarta in Indonesia and Gan Island in Maldives to its destinations from end of October 2016. “Gan, in the Maldives, will be the first such new destination, and SriLankan will be the only international […]
UNDP signs Rs20 mln biogas agreement with Kaduwela MC
Oct 04, 2016 (LBO) – The United Nation Development Programme (UNDP) entered into its first government co-financed project with the Kaduwela Municipal Council to effectively manage solid waste in the area to generate bio gas energy. “The 20 million rupees agreement signed today between UNDP and the Kaduwela Municipal Council will scale-up this initiative to […]
The RIU investor roadshow London 2016 kick-off
(PRESS RELEASE) – The RIU Investor roadshow in London 2016 kicked off on Saturday at the Sri Lankan Medical and Dental Association Dinner dance which was held at the Radisson Edwardian hotel in West London. The occasion was graced by over 300 doctors, dentists and professionals from the medical association residing in the UK. As […]
“Vista Rooms” now in Maldives, after launch in Sri Lanka
Oct 04, 2016 (LBO) – Vista Rooms, one of South Asia’s brand of budget stays, has launched in the Maldives, targeting the affordable accommodation segment. “These are exciting times for us. Following our initial success in India and Sri Lanka, Maldives seemed the natural next step owing to its location and its growing draw of […]
Many economies yet to adopt good practices in PPP: WB
Oct 04, 2016 (LBO) – The World Bank has in a report set out new benchmarks for public-private partnerships (PPP) procurement across 82 economies. “Many economies are yet to adopt broadly recognized good practices to prepare, procure, and manage public-private partnerships (PPP),” the new World Bank Group’s Benchmarking PPP Procurement 2017 report stated. The report […]
Asian shares wobble, dollar firms after upbeat US data
TOKYO, Oct 4 (Reuters) – Asian shares wobbled on Tuesday after fading hopes for a reduced Deutsche Bank fine and rising expectations of a U.S. interest rate hike pressured Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was slightly higher in early trading, while Japan’s Nikkei stock index gained 0.6 percent as the […]