Tag: lbo
Sri Lanka’s needs to replace traditional workplace with new strategies: JLL
techJun 06, 2016 (LBO) – Sri Lanka should be developing new workplace strategies and new workplace methods soon to cater to changing trends, Jones Lang LaSalle (JLL), a global real estate company, said in a report. “The era of using desktop computers, having a permanent workstation, individual landlines, and making copious print-outs is likely to […]
Sri Lankan rupee up as IMF approves USD1.5 bln loan
June 6 (Reuters) – Sri Lankan currency gained on Monday as investor sentiment got a boost after the International Monetary Fund approved a three-year, $1.5 billion loan over the weekend, in a move that is expected help support the country’s reform agenda. The IMF executive board has approved the loan, the global lender said on […]
Global economies stuck in low growth trap, Policy makers need to keep promises: OECD
Jun 06, 2016 (LBO) – The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path, the OECD’s latest economic outlook says. “Growth is flat in the advanced economies and has slowed in many of the emerging […]
Sri Lankan Researchers honoured for Process Innovation treating Asthma
In what can be hailed as a national achievement, two Sri Lankan scientists, Manoj Hettiarachchi and Nalin Kannangara of Sri Lankan pharmaceutical company Emergen Life Sciences were recently honoured with a Silver Award at the 44th International Exhibition of Inventions held in Geneva for their innovation of a Process of Manufacturing of Budenoside+Foremtrol Dry Powder […]
Sri Lankan rupee forwards slightly firmer on bank dollar sales
June 2 (Reuters) – Sri Lankan rupee forwards edged up on Thursday as banks, led by state-owned lenders, sold dollars amid light demand for the U.S. currency from importers, dealers said. Dollar/rupee forwards, known as spot next, were at 147.85/148.05 per dollar at 0540 GMT with compared with Wednesday’s close of 148.25/40. Spot next, which […]
World Bank provides USD55mn to develop Jaffna
Jun 02, 2016 (LBO) –The World Bank has approved a 55 million US dollar loan to Sri Lanka to improve urban services, preserve cultural and environmental assets and improve livability in Jaffna. “The loan will add development of rapidly urbanizing Jaffna to the existing Strategic Cities Development Project (SCDP), which is supported by the World […]
“HA-YA-TO” a Japanese traditional Taiko drumming trio to perform “Cool Japan, Warm Sri Lanka”
“Cool Japan, Warm Sri Lanka”, a joint drumming performance by “HA-YA-TO” a popular Japanese traditional Taiko drumming trio, together with “Sri Lanka Youth Dance Troupe” of the NYSC of Sri Lanka,will be held at the NYSC, Maharagama on Sunday 12th June 2016 at 5.00 p.m. HA-YA-TO, consisting of three young brothers of the same […]
Sri Lankan rupee forwards edge down on importer dollar demand
June 1 (Reuters) – Sri Lankan rupee forwards fell on Wednesday due to dollar demand from importers amid fears the currency could weaken further if the government increased spending to deal with the country’s worst natural disaster since 2004, dealers said. Dollar/rupee forwards, known as spot next, were at 148.30/40 per dollar compared with Tuesday’s […]
Sri Lanka to sign MoU with Singapore’s Surbana Jurong to develop Trinco
Jun 01, 2016 (LBO) – Sri Lanka’s Minister of International Trade said that Surbana Jurong, a firm specializing in urbanization and infrastructure development, will sign a memorandum of understanding with the government to develop Trincomalee. “Surbana Jurong will also be developing a Master Plan for the Trincomalee region,” Malik Samarawickreme, minister of development strategies and international […]
SINGER ties up with Ministry of Higher Education to provide laptops to University students
Singer Sri Lanka PLC, the country’s premier consumer durables retailer, tied up with the Ministry of Higher Education to provide laptops for university students across the country as per the program to provide interest free loans for laptops by the government of Sri Lanka. As per the Government budget proposal 2016, the project is implemented […]
Huawei invests USD9.2 billion in 2015,15-pct of annual revenue for R&D
As a leading ICT solutions and smart device provider and patent owner, Huawei invests heavily in research and development. In 2015 alone, Huawei invested US$9.2 billion, or 15% of its annual revenue, in the research and development of new technologies, new products, and wireless communications standards. Huawei’s substantial investment in R&D over the years has […]
Sri Lanka’s People’s Leasing eyes South East Asian market
May 31, 2016 (LBO) – Sri Lanka’s People’s Leasing and Finance, the country’s largest non-bank lender, is looking at expanding their operations into the South East Asian market, a senior official said. “You can expect an announcement soon, may be in the next two months,” D P Kumarage, Chief Executive, People’s Leasing told LBO. “We are […]