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Sri Lanka conducts tourism promotional event at ‘Stockholm Travel Show’
The Embassy of Sri Lanka in Stockholm conducted a tourism promotional event at the ‘Stockholm Travel Show’ at the Royal Djurgården, Stockholm held through May 13-15, 2016. This Travel Show was convened at this enchanting locality, adjacent to one of the iconic historical sites of Stockholm, the ‘Vasa Museum.’ Thus, the Travel Show enticed tourists […]
Crisis-hit Venezuela near collapse, says new oil deal with China
May 17, 2016 (LBO) – Venezuela says it has reached a deal with China to improve loan terms as falling oil prices have driven the oil-exporting country into economic crisis and collapsed its currency. Venezuelan Economy Vice-President Miguel Perez told Reuters that all conditions, including loan time frames, investment amounts and non-financial aspects, had been […]
RTI, clear signal of Sri Lanka’s commitment to good governance: Atul Keshap
Remarks by Ambassador Atul Keshap Right to Information (RTI) Interactive Dialogue Launch May 16, 2016 – Water’s Edge Hotel, Colombo, Sri Lanka Honorable Minister, Members of Parliament, ladies and gentlemen, It is an honor to address this gathering as you discuss the creation of a Right to Information bill designed to enhance citizens’ access to […]
HDFC becomes official Banker of NEDA Entrepreneurship Development
HDFC Bank of Sri Lanka, signed a Memorandum of Understanding between HDFC Bank and the National Enterprise Development Authority (NEDA) for developing the SME sector in Sri Lanka. The signing of the MOU was between HDFC Bank General Manager/CEO Upali Hettiarachchi and NEDA Chairman/ Director General Omar Kamil. With this move HDFC Bank will act […]
MTD Walkers expands to Maldives
May 16, 2016 (LBO) – Integrated infrastructure and engineering solutions provider MTD Walkers announced today that it has expanded its operations to the Maldives. Walkers CML International (Private) Limited, a subsidiary of MTD Walkers PLC was incorporated in the Maldives to meet the growing demand of infrastructure development activities in the country. The group also […]
Commercial Bank of Ceylon website hacked: report
May 16, 2016 (LBO) – The corporate website of Commercial Bank of Ceylon was hacked, with its data posted online on May 12 by a hacking group which also posted data of several banks in Asia and Middle East, a report said. The group called Bozkurtla, with apparent Turkish ties, hacked data from five South […]
‘s Office
May 16, 2016 (LBO) – Sri Lanka’s Prime Minister’s office says there is no problem with the decision to import two brand new bullet-proof vehicles for the Premier as he had, so far, used older vehicles given by the President’s office. Releasing a statement, Sagala Ratnayake, the chief of staff of Premier Wickremesinghe, said two […]
Interview: Sri Lanka gas policy should be included in energy plan
May 16, 2016 (LBO) – Sri Lanka needs a gas policy to be included in its new national energy plan to effectively market its offshore hydrocarbon fields to potential players, a top official said. “The gas policy is essential, as we cannot market the blocks without it,” Saliya Wickramasuriya, director general, Petroleum Resource Development Secretariat […]
Opinion: Sri Lankan Airlines, to sour or to soar?
By J. Lorenz May 16, 2016 (LBO)- During the 2005 -2015 period Sri Lanka’s privatisation programme came to a halt, and there was a wave of expansion in state businesses. State owned enterprises grew from 107 SOEs in 2009 to 245 SOEs in 2014. At the same time the number employed grew from 140,500 to […]
Oil drillers bet three-month crude rally nearing end
May 16, 2016 (LBO) – Oil drillers are betting a three-month rally in oil prices is coming towards an end, with inventories running at all-time highs. West Texas Intermediate oil, the benchmark U.S. crude, has gained more than 75 percent since hitting a 12-year low in mid-February, Bloomberg reported. Brent Crude was trading at 47.80 […]