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CEAT radials chosen as original equipment for Micro Cars
CEAT’s radial tyre manufacturing operation in Sri Lanka has entered a new phase, being designated an Original Equipment Manufacturer (OEM) by Micro Cars Limited, the country’s prolific automobile assembly company. The highest-selling radial tyre brand in Sri Lanka, CEAT tyres are now being fitted on to Micro Panda and Micro Panda Cross cars rolling off […]
PTL Watch: Sri Lanka bond yield curve flat, activity thin
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Sri Lanka commits to protecting endangered wildlife: Minister
Jan 26, 2016 (LBO) – Sri Lanka has emphasized its commitment to protect endangered wildlife species at the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) on the side-lines of the 66th standing committee meeting of CITES held in Geneva, recently. “The government had decided to destroy a confiscated blood ivory […]
Healthy leadership for healthy nation
Media release: The inauguration ceremony of the Sports and Physical Health promotion programmes organized by the Ministry of Sports held under the patronage of President Maithripala Sirisena at the Presidential Secretariat premises, yesterday (25). Accordingly, it is expected to create an energetic, enthusiastic and healthy nation encompassing the adolescent, young, adult and senior social levels […]
Ceylon Chamber launches National Agenda Committees
Jan 26, 2016 (LBO) – The Ceylon Chamber of Commerce is launching a set of thought-leadership groups called National Agenda Committees (NACs) to put forward innovative solutions for key national economic challenges. The NACs will be multi-stakeholder groups functioning under the chamber, a statement said. “The Sri Lankan economy is at an important inflection point […]
Sri Lanka Monetary Board holds key rates unchanged
Jan 25, 2016 (LBO) – Sri Lanka’s Monetary Board held interest rates unchanged on Monday with inflation somewhat subdued in December, and the impact of last months’s SRR increase still being transmitted through the economy, a statement said. The Monetary Board noted that “the policy adjustments made on the monetary and external fronts are still […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Professor P K S Mahanama
Colombo has a high potential to become a global city. The geographic location and close proximity to maritime sea routes are strategic advantages. Its geo-location is an exploitable asset in the global economy. However, it is not only the access to “Silk Road” that global cities compete with each other now, but for capital, talent […]
Speech by Chief Guest Patali Champika Ranawaka – LBR LBO Infrastructure Summit 2015
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
Sri Lanka ranks 14 on global offshoring index 2016
Jan 25, 2015 (LBO) – With many domestic and international companies investing heavily on the local IT/BPO and BPM offshoring industry thanks to its commercial attractiveness, access to skilled talent and a lucrative business environment coupled with the improving technology infrastructure, Sri Lanka now ranks in the 14th position on the 2016 A.T. Kearney Global […]
Sri Lanka stocks closed down 0.4-pct; Turnover at near 4 week low
Jan 25, 2016 (LBO) – Sri Lankan stocks closed down 0.43 percent with the negative sentiment of the investors continuing after two days of gains with losses in index heavy and banking stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 27.41 points at 6,354.83 down 0.43 percent. S&P SL20 closed 11.44 […]