Tag: lbo
Sri Lanka to get Singapore technical assistance for Megapolis
Aug 11, 2016 (LBO) – Sri Lanka’s government will sign a Memorandum of Understanding with Singapore’s International Enterprise Singapore to get assistance for the Megapolis project. “Some of the projects are complex and technically sophisticated projects and require the support of international experts,” a statement on cabinet decisions said. Therefore, considering the importance of exchanging […]
Sri Lanka cabinet approves Special Deposit Account Act for foreign nationals
Aug 10, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve the Special Deposits Account Act to grant residency visas for foreign individuals who bring a large amount of foreign exchange into the country, a statement on cabinet decisions said. “Under the proposed act individual who remits 300,000 US dollars will be granted 10 […]
No more aircraft for Sri Lankan; reports not submitted: COPE
Aug, 10, 2016 (LBO) – The Committee on Public Enterprises (COPE) of Sri Lanka’s parliament has recommended that SriLankan airlines officials not to go ahead with the purchase of new aircraft while also calling them to submit several other reports on irregularities. “The transaction of purchasing new aircrafts without conducting a cost basis analysis should […]
Brandix bags 11 awards at Presidential Export Awards, ranked Sri Lanka’s top exporter in 2014 & 2015
(PRESS RELEASE) – The Brandix Group won a remarkable 11 awards including the Exporter of the Year awards for 2014 and 2015 at the Presidential Export Awards last evening, taking the top honours at this prestigious event conducted by the Export Development Board (EDB). The awards presented by President Maithripala Sirisena at the BMICH recognise […]
Asian shares near 1-year high, dollar slips after soft U.S. data
TOKYO, Aug 10 (Reuters) – Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate increase following weak U.S. productivity data, which drove the dollar and Treasury yields lower. MSCI’s broadest index of Asia-Pacific shares excluding Japan rose 0.1 percent, staying near a one-year high hit […]
Sri Lanka needs to accelerate broadband development: Harin
Aug 09, 2016 (LBO) – Sri Lanka’s government says that as the island embarks on a journey of transformation to become a digitally enabled and empowered society, the importance of having a robust fixed-broadband base to build upon is critical. “We strongly believe that this is indeed the ripe time to accelerate broadband development in […]
Asia shares up as yield hunt drives record flows, pound slips
SYDNEY, Aug 9 (Reuters) – Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts at Bank of America Merrill Lynch noted the search for yield […]
ROYAL TURF CLUB COMMENCES RACES ON 20 AUGUST
Nuwara Eliya is going to be buzzing again. It was almost as if the town had gone into hibernation thanks to the rain in the months of June and July, But suddenly there’s a ripple of excitement in the air and it’s all emanating from the Home of the Royal Turf Club – The Race […]
Promoting Biogas among Local Technical Officers for Greener and Sustainable Construction Efforts
(PRESS RELEASE) – Janathakshan Gte Ltd and People in Need, Cz conducted a biogas awareness and promotional workshop on renewable energy, biogas and waste management for 65 technical officers on July 29, 2016 at the Western Province Waste Management Authority. The technical officers belonged to local authorities in Western Province and are those in-charge of […]
Asian stocks rise as investors hunt for yield; Aussie shines
HONG KONG, Aug 8 (Reuters) – Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence – driving up Asian stocks and the Australian dollar. Although the strong U.S. data dampened the safe-haven appeal of government debt with Japanese 10-year bond futures tanking in early trade, futures markets were […]
PUCSL says gaps in new CEB generation plan, 300MW LNG approved
Aug 08, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has not given the full nod for the Ceylon Electricity Board’s (CEB) base case generation plan saying it has not addressed all the original concerns raised, the Commission said in a letter to the CEB. “The Commission is of the view that […]
Rio Olympics 2016 commence today, nine Sri Lankan athletes compete
Aug 05, 2016 (LBO) – Nine athletes from Sri Lanka have traveled to compete in eight events at the 2016 Summer Olympic Games which will officially begin in Rio today. The nine-member team will be captained by Anuradha Indrajith Cooray. The rest of the team includes, Niluka Rajesekara and Sumedha Ranasinghe as athletes; Mathew Abeyasinghe […]