Author: lbostgadmin
Akashi to push reconciliation, assess post war development
Aug 21, 2012 (LBO) – Japan’s special envoy to Sri Lanka Yasushi Akashi will arrive in the Island Tuesday on a five day visit to assess post war developments, the Japanese embassy in Colombo said. Sri Lanka faces a periodic review at the UN Human Rights Council in Geneva this November where the island’s human […]
Internet Drive
Aug 21, 2012 (LBO ) – Dubai based Etisalat Sri Lanka unit, the island’s third largest celco says it is pushing mobile broadband in a bid to increase internet penetration in the island though challenges remain for broader use. Mobile broadband is one of the fastest growing sectors in telecoms in Sri Lanka where fixed […]
‘s Cargills (Ceylon) net down 24-pct
Aug 20, 2012 (LBO) – Profits of Sri Lanka’s Cargills (Ceylon) Plc, which interests in retailing and fast moving consumer goods fell 24 percent to 245 million rupees, as higher interest costs bit into the bottom line, interim accounts showed. The group reported earnings of 1.10 rupees for the quarter. Revenues rose 25 percent to […]
Speaking Out
Aug 20, 2012 (LBO) – Sri Lanka Securities Exchange Commission chief Tilak Karunarane has resigned as 17 probes were drawing to a close, a few months after his predecessor also stepped down, a media report said. In a wide ranging interview published in Sri Lanka’s The Nation newspaper, Karunaratne was quoted as saying that he […]
Sri Lanka receive Japanese grant to revive livelihoods in Vavuniya
Aug 20, 2012 (LBO) – The Japanese government handed over a 11.7 million rupee ($90,000) grant to a community development organization to revive agro-based livelihoods in the conflict affected Vavuniya district, in the north of the island. People™s Livelihood Development Foundation (PLDF) Monday received the 11.7 million rupee grant under Japan™s Grant Assistance for Grassroots […]
Sri Lanka Vietnam travel has strong potential: officials
Aug 20, 2012 HANOI, Vietnam (LBO) – Tourism between Sri Lanka and Vietnam which is just beginning has a strong potential to grow in the future, officials said during a familiarization tour of the county by travel agents of the Indian Ocean Island. Senior representatives of 15 travel agents from Sri Lanka were on a […]
” rating confirmed
Aug 20, 2012 (LBO) – Fitch Ratings has confirmed an ‘AAA(lka)’ rating of Sri Lanka’s John Keells Holdings, a diversified group which has interests in transport, leisure, consumer foods and financial services, with a stable outlook. “The affirmation reflects the continued strong dividend income from JKH’s core investments and its subsequent low financial leverage,” Fitch […]
Long Run
August 18, 2012 (LBO) – Sri Lanka™s Shaw Wallace and Hedges PLC plans to secure a 99-year lease on its Colombo property from the Urban Development Authority, a report said. Shaw Wallace has now told shareholders that it has plans to secure on a 99-year lease from the UDA an extent of 52.9 perches of […]
Risky Journey
August 19, 2012 (AFP) UDAPPUWA, Sri Lanka — Two Sri Lankan brothers who joined a wave of asylum seekers heading for Australia were arrested at sea, thrown in jail and face an ongoing court case — but they say they will soon try to reach the country again. The Udappuwa area is ethnically Tamil, but […]
Sri Lanka takes India in warm up World Cup games
August 18, 2012 (LBO) – Hosts Sri Lanka will begin their ICC World Twnety20 campaign with a warm-up match against India on September 15 in Colombo, the International Cricket Council said. The game will be followed by India taking on arch-rivals Pakistan on September 17 in Colombo. Sri Lanka will play their second warm-up match […]
Sri Lanka says Chinese funded coal power plant to resume in fortnight
August 18, 2012 (LBO) – Sri Lanka said its 455 million dollar Chinese funded power plant will resume operation in two weeks, after its breakdown earlier in the week resulted in countrywide power cuts, a report said. “There are some technical problems in the Lakvijaya power plant. The Chinese company, the Ceylon Electricity Board and […]
Expert Help
Aug 17, 2012 (LBO) – Veteran Sri Lanka scientist in the petroleum industry, Dr Gamini Amarasekera has joined Laugfs Lubricants Limited as a consultant to improve its lubricant brand and services, the company releasing a statement said. Dr. Gamini Amarasekera holds a phD in Chemistry from Australia’s Swinburne University and is also a member of […]