Author: LBO Admin
ICRA : Recent developments in power sec credit positive for mini-hydros
ICRA Lanka views recent developments in the hydro power sector to be credit positive. We based our assessment on three factors, (1) availability of sufficient water flows (run off river flow) due to favourable weather conditions that prevailed last year, (2) the Ceylon Electricity Board’s (CEB’s) decision to renew Power Purchase Agreements (PPAs) with hydro […]
Land an investment tool: Creates greater appeal for affluent
Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial purposes. However, land purely as a tool of investment has increasingly become an area of interest. The annual increment of land value every year is stipulated to be around […]
Opinion: Girls in STEM, How is Sri Lanka faring?
Ashani Abayasekara Written for International Day of Women and Girls in Science on 11 February 2020 Sri Lanka is well recognised as a leader in gender-equal education in the developing world; World Bank statistics show that primary and secondary school enrollments and completion rates are similar for girls and boys, while girls have higher enrollment […]
” wins best picture & makes history
Feb 10, 2020 (LBO) – The 2020 Academy Awards belonged to “Parasite” and became the first foreign-language film to claim the award and the first South Korean film ever to win an Oscar. The South Korean film won four Oscars, including the biggest prize: Best Picture. Director Bong Joon-ho stole the show at this year’s […]
Central Environment Authority awards Melting Point Certification to ODEL
The Central Environment Authority (CEA) recently awarded ODEL PLC Sri Lanka the ‘Melting Point Certification’ as a certified partner of its aluminum upcycling project. The latest project aims to increase awareness about environmental pollution and the importance of recycling through the production of handmade upcycled aluminum products available for sale at all ODEL outlets. The […]
VIDEO: How to stay calm under pressure
Your favorite athlete closes in for a win; the crowd holds its breath, and at the crucial moment … she misses the shot. That competitor just experienced the phenomenon known as “choking,” where despite months, even years, of practice, a person fails right when it matters most. Why does this happen, and what can we […]
Age limit & deadline for unemployed graduates program extended
DOWNLOAD APPLICATION: English | Sinhala | Tamil Feb 09, 2020 (LBO) – The age limit to apply for the Government’s programme to employ unemployed graduates has now been increased to 45 years. Previously, the age limit was set at 35 years. President’s Media Division said considering the requests from graduates, who are above the previous age limit, as well […]
Ready to say goodbye to Speaker post: Karu Jayasuriya
Feb 08, 2020 (LBO) – Karu Jayasuriya says that he is ready to say goodbye to the post of Speaker and urged the people to appoint persons who can be called Honorable Members of Parliament for the next five years. Speaker Karu Jayasuriya visited the Chief Prelates of the Malwatte and Asgiriya this morning to […]
Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission
Feb 08, 2020 (LBO) – IMF staff concluding a visit to Sri Lanka said that the country’s primary deficit could widen further to 1.9 percent of GDP in 2020, due to newly implemented tax cuts and exemptions, clearance of domestic arrears, and backloaded capital spending from 2019. The mission reminds that fiscal prudence remains critical […]
Sri Lanka official reserves at USD7.5bn by end January
Feb 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,526mn) by the end of January, down from 7.6 billion US dollars in December, the latest Central Bank data showed. By the end of January, the foreign currency reserves were 6,516.2 million dollars while the reserve position in the IMF […]
MillionSpaces takes centre-stage at SLASSCOM’s Innovation Awards 2019
MillionSpaces, an online marketplace where users discover and book unique spaces and venues for various events, was bestowed with the 1st Runner-Up for the highly-coveted ‘Best Disruptor Award’ at the annual ‘Innovation Awards and Gala 2019’, hosted by SLASSCOM at the Shangri-La Hotel, Colombo recently. The awards recognize and celebrate innovators across a range of […]
Our message is same for Tajikistan, Pakistan or Sri Lanka: US Ambassador Wells
Feb 07, 2020 (LBO) – US Ambassador Alice Wells says that on Belt and Road Initiative or on China–Pakistan Economic Corridor, their message is the same whether they are engaging with Tajikistan, Pakistan, or Sri Lanka. Principal Deputy Assistant Secretary in the Bureau of South and Central Asian Affairs at the State Department, Alice Wells […]