Author: lbostgadmin
Sri Lanka reports another fire at CEB substation
Mar 18, 2016 (LBO) – A fire has broken out at the Ceylon Electricity Board grid substation in Kotugoda, in the island’s Western Province a short while ago, CEB sources told Lanka Business Online. The cause of the fire is yet not known. The fire brigade has been deployed to fight the fire. Power outages […]
SriLankan Airlines sharpens skills of university students
SriLankan Airlines partnered with two of Sri Lanka’s most reputed institutes of higher learning – the University of Colombo and the University of Sri Jayawardenepura – to strengthen and sharpen the skills of its leaders of the future through programmes that were especially designed for the National Carrier. Pradeepa Kekulawala, Head of Human Resources at […]
PUCSL seeks explanation from Sri Lanka’s power utility for recent cuts
Mar 18, 2016 (LBO) – Sri Lanka’s Public Utitilies Commission (PUCSL) has called on the Ceylon Electricity Board (CEB) to give valid reasons for recent island-wide power failures and recommended measures to prevent a repetition, a statement said. “It is the responsibility of the transmission licensee, the CEB to maintain an uninterrupted power supply throughout […]
Investment Summit: Sri Lanka bonds attractive in Asia, say officials
Singapore, Mar 18, 2016 (LBO) – With Sri Lanka never defaulting on sovereign debt, rupee bonds are an attractive proposition within the bond offerings in Asia, presenters said at the Sri Lanka Investment Summit held in Singapore this week. Although devaluation of the yuan, and increase in Fed rates led to capital outflows, those outflows […]
PTL Watch: Dull trade in bonds, more foreign selling
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Investment Summit: Course adjustment on Bank consolidation, says CB Governor
Singapore, Mar 18, 2016 (LBO) – The path towards Sri Lanka’s bank conslidation is being reviewed, and a course correction is taking place, Central Bank Governor Arjuna Mahendran told the Sri Lanka Investment Summit, organized by FinanceAsia, this week. “The principle concern of the current government is that that consolidation was predicated too much on […]
LAUGFS Lubricants expands to serve the Northern Province
LAUGFS Lubricants (Pvt) Ltd, the first Sri Lankan company to enter the local lubricant industry back in 2008, has further expanded its product portfolio to the Northern Province. The appointment of distributorship for the Anuradhapura region took place recently with the presence of company senior officials. This is also expected to serve customers in the […]
Central Bank Governor on Bloomberg (VIDEO)
Our Policies Will Take Sri Lanka to Next Level: Mahendran Arjuna Mahendran, governor of the Central Bank of Sri Lanka, discusses Sri Lanka’s economy, their monetary policies and the outlook for the island nation. He speaks to Bloomberg’s Haslinda Amin on “First Up.” (Source: Bloomberg) VIDEO