Author: lbostgadmin
Petro Hikes
Dec 15, 2012 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation, has raised petrol by 10 rupees to 159 and two grades of furnace oil but kept diesel and kerosene prices unchanged petroleum minister Susil Premajayantha said. Underpriced energy funded with bank loans, which are ultimately accommodated by central bank credit (printed money) causes frequent […]
Sri Lanka to revamp civil aviation regulations
Dec 15, 2012 (LBO) – Sri Lanka will revamp aviation regulations with the help of the International Civil Aviation Organization, the state information office said. The cabinet of ministers had given the nod for Sri Lanka’s Civil Aviation Authority to engage ICAO’s Technical Co-operation Bureau help with the new rules, the information office said. Sri […]
Open House
Dec 15, 2012 (LBO) – Sri lanka’s Information technology and outsourcing firms are holding an ‘open day’ on December 20 in Colombo targeting expatriate Sri Lankans who have returned to the country for the holiday season. “Many Sri Lankan IT/BPO and Knowledge Services Industry companies are looking for seasoned well experienced professionals abroad to return […]
‘s LankaCom launches IPTV platform for hotels
Dec 15, 2012 (LBO) – Sri Lanka’s LankaCom and Singapore’s SingTel has launched an IPTV based entertainment platform for hotels that gives customized entertainment and two way interaction with guests to offer and sell other services, officials said. Wizner said each room is provided with a small wireless set-top box that can connect the guest’s […]
‘s growth is strong but inflation and debt has to fall: IMF Rep
Dec 14,2012 (LBO) – Sri Lanka’s recent growth has been strong and ahead some of the fastest growing economies in Eastern Europe, Latin America and Asia, but inflation and national debt has to fall, IMF’s resident representative Koshy Mathai said. Economic growth in the last two year has averaged around 8. 0 percent which was […]
Sri Lanka war refugees to get EU help for 4,000 houses
Dec 14, 2012 (LBO) – Sri Lanka’s war refugees will get 1. 9 billion rupees of financial help from the European Union to rebuild 4,000 houses with additional funding from Switzerland and Australia. House will be build on an ‘owner-driven’ model. UN-Habitat and SDC will give money and technical help and owners will contribute their […]
Sri Lanka stocks close down 0.2-pct
Dec 14, 2012 (LBO) – Sri Lanka’s stocks closed down 0.2 percent Friday taking a breather after two days of strong gains following a rate cut earlier in the week, brokers said. The benchmark Colombo All Share Index closed at 5,522.7 points down 24.6 points and the S&P SL20 Index closed up 1.5 points at […]
Belgian Interest
Dec 12, 2012 (LBO) – Sri Lanka’s state investment promotion agency said a visiting Belgian delegation had expressed interest in setting up information technology and IT enabled services. At present, Belgian investments range from the manufacture of solid rubber tires, one of Sri Lanka’s single largest export firms, diamond cutting and the manufacture of cigars […]
School Software
Dec 13, 2012 (LBO) – Virtusa Corporation, a US listed IT firm with development facilities in Sri Lanka has won a top award for a school management software, which is now being used in 130 countries, the firm said. Its Àkura School Management System (http://akuraschools.org) was recognized by the World Information Technology and Services Alliance […]
Second Opinion
Dec 13, 2012 (LBO) – A proposed committee to examine a report by a parliamentary committee involving the impeachment of Sri Lanka’s Chief Justice will be made up of independent experts, President Mahinda Rajapaksa said. President Rajapaksa told editors of media institutions Monday that such a committee was not mandated by the constitution but will […]
Banking Secrecy
Dec 13, 2012 (LBO) – A rights activist who was a chief executive of a top financial firm has questioned what action Sri Lanka’s banks will take following an apparent breaching of banking secrecy involving accounts of the island’s chief justice. The full letter is produced below: 10th December 2012 Open Letter to; Anil Amarasuriya […]
Sri Lanka firms to benefit from widening diversity
Dec 12, 2012 (LBO) – Sri Lankan firms can benefit from being more inclusive, and while comprehensive diversity policies were still rare, many were making a start by promoting equal opportunity and combating sexual harassment, top executives said. Kasturi Chellaraja Wilson, managing director, Transportation Sector, Hemas Holdings recalled an instance where a new person who […]