Author: lbostgadmin
Promoting Biogas among Local Technical Officers for Greener and Sustainable Construction Efforts
(PRESS RELEASE) – Janathakshan Gte Ltd and People in Need, Cz conducted a biogas awareness and promotional workshop on renewable energy, biogas and waste management for 65 technical officers on July 29, 2016 at the Western Province Waste Management Authority. The technical officers belonged to local authorities in Western Province and are those in-charge of […]
Sri Lanka’s Dialog Axiata net up 20-pct in June quarter
Aug 08, 2016 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, which has interests in mobile, fixed and pay television rose 20 percent to 2.3 billion rupees from a year earlier in the June quarter, interim accounts showed. The group reported earnings of 28 cents per share for the quarter compared to 23 cents […]
‘t make it to semis at Rio Olympics
Aug 08, 2016 (LBO) – Sri Lankan swimmer Kimiko Raheem failed to make it to the semifinals of the Women’s 100m backstroke on Sunday. Raheem timed 1:04.21 in heats (28th) behind Kathleen Baker (U.S.) 58.84 seconds, Emily Seebohm (Australia) 58.99, Kylie Masse (Canada) 59.07 who led the timings. The Sri Lankan star swimmer won the […]
Deadline for EOIs for SriLankan, Mihin extended
Aug 08, 2016 (LBO) – The deadline for EOIs for the ‘Reorientation’ of SriLankan Airlines and Mihin Lanka have been extended by a week until August 31, a statement said. NSB Fund Management, a unit of state-owned National Savings Bank, is the lead manager, while BNP Paribas and KPMG are financial and transaction advisors in […]
Asian stocks rise as investors hunt for yield; Aussie shines
HONG KONG, Aug 8 (Reuters) – Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence – driving up Asian stocks and the Australian dollar. Although the strong U.S. data dampened the safe-haven appeal of government debt with Japanese 10-year bond futures tanking in early trade, futures markets were […]
PUCSL says gaps in new CEB generation plan, 300MW LNG approved
Aug 08, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has not given the full nod for the Ceylon Electricity Board’s (CEB) base case generation plan saying it has not addressed all the original concerns raised, the Commission said in a letter to the CEB. “The Commission is of the view that […]
FCID collecting vital information necessary for governance: official
Aug 06, 2016 (LBO) – A stream of former government and corporate officials who have been questioned by the Financial Crimes Investigation Division (FCID) of Sri Lanka in recent months is not political vindictiveness or a witch hunt, a government official said. It is the collection of key information necessary for good governance, the official […]
Sri Lanka foreign reserves at USD6.5bn by end July: Central Bank
Aug 05, 2016 (LBO) – Sri Lanka’s official reserves were 6.48 billion US dollars at the end of July, up from 5.27 billion US dollars end of June, official Central Bank data showed. Foreign currency reserves were 5.45 billion dollars, and reserves in Gold were 0.96 billion dollars. Reserves were boosted by a dual-tranche sovereign bond […]
PTL Watch: Bond yields lower on fresh buying by locals
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-05th-August-20161.pdf” title=”PTL Daily Market Report 05th August 2016(1)”]
Janashakthi Insurance records remarkable growth in 1H, 2016
Janashakthi Insurance PLC (Janashakthi) posted a consolidated Profit After Tax (PAT) of Rs. 630 million for the six months ended 30th June 2016, recording an impressive Year-on-Year growth of 198%. Consolidated Gross Written Premium (GWP) grew by 34% to Rs. 6.5 billion with the Company’s Non-Life segment leading the charge with 41% growth in GWP […]
Rio Olympics 2016 commence today, nine Sri Lankan athletes compete
Aug 05, 2016 (LBO) – Nine athletes from Sri Lanka have traveled to compete in eight events at the 2016 Summer Olympic Games which will officially begin in Rio today. The nine-member team will be captained by Anuradha Indrajith Cooray. The rest of the team includes, Niluka Rajesekara and Sumedha Ranasinghe as athletes; Mathew Abeyasinghe […]
Sri Lanka PM meets business leaders at Horton Debate
Aug 05, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe met leading business personalities at a dinner event organized by the Horton Debate Society in Colombo recently. At the well-attended function, Prime Minister Wickremesinghe explained his plans for electoral reforms, constitutional amendments and the initiatives underway to develop the economy. The Prime Minister was […]