Author: lbostgadmin
Sri Lankan shares hit 5-week high; rupee edges up
Oct 03, 2016 (Reuters) – Sri Lankan shares edged up on Monday, hitting their highest in five weeks, led by blue chips as hopes of some improvement in macroeconomic fundamentals boosted investor sentiment, dealers said. Sri Lankan shares were headed for a fifth straight session of gains, with the benchmark Colombo stock index rising 0.41 percent […]
PwC and SLASSCOM join hands to empower startups in Sri Lanka
In a joint effort to empower startups in the country, PwC Sri Lanka has joined hands with SLASSCOM (Sri Lanka Association for Software and Services Companies) to introduce Sri Lanka to Europe’s largest and leading annual startup and technology event, SLUSH, while also giving local startups a unique opportunity to help solve pressing challenges the […]
Himalaya launches direct flights between Kathmandu – Colombo
Oct 03, 2016 (LBO) – Himalaya Airlines, a Nepal-China Joint Venture Airline, has conducted its maiden commercial flight from Kathmandu to Colombo on 1st October 2016. With two flights a week, operating as H9 673, Himalaya will fly every Tuesday and Saturday departing from Tribhuvan International Airport, Kathmandu at 1130 hours and will arrive in […]
Sri Lanka PM to meet Modi & attend Indian Economic Summit
Oct 03, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will visit New Delhi, India tomorrow for a three-day official tour, the government said. After his New Zealand visit Wickremesinghe will fly from Wellington to Delhi where he is scheduled to have talks with Indian Prime Minister Narendra Modi and several senior Indian ministers. […]
Jeevani Siriwardena appointed as new DG of Sri Lanka EDB
Jeevani Siriwardena has been appointed as the new Director General of the Sri Lanka Export Development Board. She joined the Sri Lanka Export Development Board (EDB) as a Management Trainee 32 years back, in 1984. Work experience at EDB includes over 20 years in Product Management and over 10 years in Market Development Divisions of the […]
Fewer people living below poverty line: World Bank president
NEW YORK (Thomson Reuters Foundation) – The number of people living in extreme poverty has declined by more than 100 million across the world despite a sluggish global economy, the World Bank said on Sunday. The World Bank said 767 million people were living on less than .90 a day in 2013, its latest comprehensive […]
Nepal regrets SAARC postponement due to Indo-Pak tensions
Oct 03, 2016 (LBO) – Nepal, the current chair of SAARC, has expressed regret that the regional environment is not conducive to host the 19th SAARC Summit in Islamabad in November. “Nepal will initiate necessary consultation on successfully holding the summit with the participation of all member states, the country’s foreign ministry said. The announcement […]
Sri Lanka marks ‘National Coastal and Marine Resources Conservation Week’
The United Nation Development Programme (UNDP) in collaboration with the Ministry of Mahaweli Development & Environment marked the ‘National Coastal and Marine Resources Conservation Week’ through a Coastal Cleanup Programme held from 17 September to 23 September 2016, covering approximately 1700 km of the coastal line across 14 Districts of Sri Lanka. Under the directive […]
Asia stocks start Q4 with gains, sterling stumbles
SYDNEY, Oct 3 (Reuters) – Asian shares got the new quarter off to a firm start on Monday, while sterling tumbled as Britain set a March deadline to start divorce proceedings from the European Union. Risk sentiment had benefited on Friday from reports Deutsche Bank was negotiating a much smaller fine with the U.S. Department […]
SriLankan Airlines renegotiates A350 contracts: report
Oct 03, 2016 (LBO) – National carrier SriLankan Airlines has re-negotiated the termination of three A350 Airbus lease contracts with airline leasing company AerCap, a media report said. The company has agreed to reduce the termination fee to 98 million dollars from 154 million dollars, a Sri Lankan Airlines official told the Sunday Times on […]
PTL Watch: Yields decline after auction, longer-end down sharply
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US Embassy launches new website for Sri Lanka
The Embassy of the United States in Sri Lanka launched its new website (lk.usembassy.gov) yesterday, featuring a more mobile-friendly layout, with easy-to-access and more locally-relevant news and information. The new homepage will allow users to quickly find answers to visa questions, U.S. citizen services, job opportunities, and business opportunities, as well as latest Embassy-related news […]