Tag: lbo
‘s Vehicle Lanka given approval on legal advice from AG: Fin Min
Feb 13, 2017 (LBO) – Sri Lanka’s Finance Ministry says that Vehicle Lanka Pvt Ltd was given permission to engage in assembling of vehicles using spare parts on legal advice from the Attorney General. Eight containers containing used vehicle parts released from the Sri lanka Customs to its consignee who is engaged in vehicle assembling […]
JLL Sri Lanka get new Managing Director, Steven Mayes
(PRESS RELEASE) – Jones Lang LaSalle (JLL), Sri Lanka’s leading real estate consulting firm, announced the appointment of Steven Mayes asfull-time Managing Directorof its Sri Lanka operations. Mr. Mayes bring 35+ years of experience in real estate to JLL’s Sri Lanka business and will be based in Colombo. He is expected to advance the […]
Sri Lanka calls tenders for petroleum development in Mannar Basin
Feb 12, 2017 (LBO) – The Sri Lankan government is inviting expressions of interest for partners to undertake the appraisal and development of gas discoveries and prospects in a 2,900-sq km offshore block in the Mannar Basin, a statement said. The block (M2) will be offered for licensing this year, including the Barracuda and Dorado […]
Yen slips after Trump-Abe meet, Asian shares firm
TOKYO, Feb 13 (Reuters) – The dollar rose against the yen on Monday on relief that U.S. President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy. Asian stocks ticked up, helped by renewed optimism over Trump’s […]
Virtusa third quarter revenue up 3.4-pct
(PRESS RELEASE) – Revenue for the third quarter of fiscal 2017 was $217.2 million, an increase of 3.4% sequentially and 44.2% year-over-year. On a constant currency basis, (1)third quarter revenue increased 4.2% sequentially and 48.6% year-over-year. Virtusa reported GAAP income from operations of $6.5million for the third quarter of fiscal 2017, compared to $3.5 million […]
Ravi upset over Central Bank leaks, media portrayal
Feb 09, 2017 (LBO) – Sri Lanka’s Finance Minister has expressed his concern about the leak of information with regard to closed door meetings at the island’s Central Bank, and media portrayal of it. News from some boards have been leaked and then represented by politicians who have a vested interest in it, his media […]
Haycarb records turnover of Rs.9.4Bn and PBT of Rs.768Mn in Q3 2016/17
(PRESS RELEASE) – Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 9.4 billion and profit before tax of Rs. 768 million for 9 months ending 31 December 2016. The profit after tax stood at Rs. 646 million. The turnover increased by 12%, while the profit before tax and after tax […]
‘s tourism skills development to start in East
Feb 09, 2017 (LBO) – Under the skills for inclusive growth program Australia will provide around 1.6 billion rupees in aid and technical assistance, to strengthen Sri Lanka’s tourism sector through training. “A profitable and sustainable tourism industry requires more than natural and cultural assets, which Sri Lanka has in abundance, it requires high-level hospitality […]
Ceylon Motor Show 2017 in PICS
Feb 08, 2017 (LBO) – Automotive enthusiasts thronged the BMICH over the last weekend to be a part of the Ceylon Motor Show 2017, Sri Lanka’s single largest showcase of the very latest in the motor vehicle industry alongside their counterparts from the classic and vintage era dating back to the 1900s. Registering attendance in […]
Citizens Development Business (CDB) goes live with Intellect DIGITAL FACE
(PRESS RELEASE) – Customer centric Digital Channel solution with an omni-channel experience Intellect Design Arena Ltd, a digital technology product provider across Banking and Insurance, today announced that Citizens Development Business Finance PLC (CDB) has gone live with Intellect’s DIGITAL FACE, an Omni Channel solution catering to demands of the modern customers. CDB will now […]
SAITM says ready to forge ahead amid protests
Feb 08, 2017 (LBO) – South Asian Institute of Technology and Medicine (SAITM) says they are ready for the rough road ahead and will push ahead despite opposition from students and staff of state universities. “These protests are driven by politics and fear of competition,” Dr. Neville Fernando, founder and chairman of SAITM told reporters […]
Government of Finland keen to invest in Sri Lanka
The Ambassador of Finland to Sri Lanka Rauli Suikkanen says that he would call leading entrepreneurs of his country to commence investment in Sri Lanka. Ambassador Suikkanen announced this when he met Finance Minister Ravi Karunanayake at the Ministry for Finance yesterday (February 6). Finish Ambassador Rauli Suikkanen further said that there is a confidence […]