Author: lbostgadmin
Sri Lanka’s new regime calls for PPPs to develop wind and solar energy sector
Apr 07, 2015 (LBO) – Sri Lanka’s private sector participation is needed for the Island’s energy sector to further explore and develop the wind and solar energy in the country, an official said. “The theoretical potential is there in wind and solar, but we (government) need your (private sector) help to convert this to technical […]
Sri Lanka sells Rs20.04bn in 2 and 6 year bonds
Apr 07, 2015 (LBO) – Sri Lanka has sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said. The debt office on Tuesday sold 12.44 billion rupees of two year bonds maturing on 15 May 2017 at weighted average yield of […]
Sri Lanka’s President leaves for Pakistan: Trade discussions on the table
Apr 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena left for Pakistan yesterday on a a three-day state visit on the invitation of Prime Minister Muhammad Nawaz Sharif, the presidents office said in a media release. The President plans to hold bilateral discussions with the President of Pakistan Mamnoon Hussain, Prime Minister Nawaz Sharif […]
Sri Lanka‘s MAS lingerie brand Amante launches its new collection
Apr 06, 2015 (LBO) –Sri Lanka’s, MAS lingerie brand Amante launched its newest collection recently, embracing the shades, contrast details and extravagant prints in vogue this season. The new Sunburst collection –which features prints, contrast piping details and two-tone laces with aquamarine and sunflower yellow as strong accent colours – comes in five styles: Tropical […]
Sri Lanka and Pakistan inks six bilateral agreements
Apr 06, 2014 (LBO) – Sri Lanka and Pakistan has signed six agreements including a mutual cooperation in the shipping business between Pakistan national shipping corporation and the Ceylon shipping corporation, President’s office said.President Maithripala Sirisena who is currently on a three-day state visit to Pakistan presided over the signing ceremony with the Pakistan Prime […]
Sri Lanka’s energy minister says no new coal power plants in the future
Apr 06, 2015 (LBO) – Sri Lanka’s power and energy minister says the country expects to run its power plants using gas and does not expect to make any new investments into coal power generating plants.“We will run our power stations that is Kerawalapitiya and also Kelanitissa using gas and we will not install any […]
Sri Lanka’s tourist arrivals up 18-pct in March 2015, 1st quarter up 13.6-pct
Apr 06,2015 (LBO) – Sri Lanka’s tourist arrivals rose 18 per cent to 157,051 in March 2015 from a year earlier with a surge in tourist arrivals from China and cumulative as at end 1st quarter to 478,838 with a growth of 13.6 per cent, data from the state tourism promotion office showed. Sri Lanka […]
‘s exports to Pakistan can be more diversified: Business potential seen in power generation: Official
Apr 06, 2015 (LBO) – Sri Lanka can increase its exports to Pakistan through diversification and investment in power generation will be one such area to explore, a Pakistani official said.“There is very little diversification in the products that Sri Lanka is exporting to Pakistan,” Hazan Ali Zaigam, First Secretary, High Commission of Pakistan in […]
Sri Lanka says “NO” to unsolicited proposals
Apr 06, 2015 (LBO) – Sri Lanka decided not to accept unsolicited proposals as a matter of policy, and plans to act according to the government tender procedure regarding all such proposals in the future, cabinet spokesman, Rajitha Senaratne said last week.The cabinet of ministers has already approved this proposals made by Prime Minister Ranil […]
Sri Lanka’s Coffee Bean and Tea Leaf opens Rs 50mn store in Colombo
Apr 05, 2015 (LBO) –Sri Lanka’s Coffee Bean and Tea Leaf, Californian coffee brand founded in 1963 in Los Angeles, has opened a new coffee store with an investment about 50 million rupees to cater to the trending coffee demand, an official said. “Other fast developing countries have shown the same pattern that Sri Lanka […]
Sri Lankan Airlines former chairman should be prosecuted; $2.3bn airbus deal to be probed
Apr 04, 2015 (LBO) – The board appointed to inquire Sri Lankan Airlines has recommended a criminal investigation into the entire re-fleeting process, a statement issued by the Prime Minister’s office said.“The former government of President Mahinda Rajapakse made management changes to carry out a re-fleeting of the airline with brand-new aircraft costing $2.3 billion […]
Apple releases demo videos to introduce ‘Apple Watch’
Apr 04, 2015 (LBO) – American multinational corporation, Apple recently released a series of videos demonstrating their first ever smartwatch that enters the wearables market this month. This anticipated watch which will bring an entirely new way to receive information at a glance; begins accepting preorders on 10 April 2015 and will be available in […]