Author: lbostgadmin
Foxconn buys controlling stake in Sharp Corporation
Mar 31, 2016 (LBO) – Foxconn Technology Group, a Taiwanese multinational electronics manufacturing company, yesterday acquired a controlling stake in Japanese multinational Sharp Corporation. The 389 billion yen (3.4 billion dollar) deal will give Foxconn Group a 66 percent stake in Sharp and this will be the largest acquisition by a foreign company in Japan’s […]
Sri Lanka technology pioneers to speak at “LBR LBO Enterprise Summit 2016”
Mar 31, 2016 (LBO) – Despite being a developing country, Sri Lanka has created a number of technology leaders and innovators of international repute. When we consider that basic infrastructure is lacking in some parts of the island, this is a contradiction. And yet, Sri Lankans are familiar with this contradiction. Pioneers such as Kris […]
Vito Mercedes Benz now in Sri Lanka
Diesel and Motor Engineering PLC (DIMO) will be introducing the second installment of commercial vans, the “Vito” under Mercedes-Benz. The new introduction will encompass a versatile edge consisting of a larger payload and a set of unique features. The launch of the Vito is a part of the global car manufacturing company’s new product introduction […]
Sri Lanka tea sees improved demand for low growns at auction
Mar 31, 2016 (LBO) – Sri Lanka’s tea prices in overall auction offerings this week were marginally lower with better demand for low grown and mid to high grown prices easier, Forbes & Walker Tea Brokers said in their latest report. “Low Growns continued to witness improved demand all around and consequently an appreciation in prices,” the […]
‘s GDP seen up 5.3-pct in 2016, investment to rise, says ADB
Mar 31, 2016 (LBO) – Sri Lanka’s gross domestic product (GDP) growth is expected to rise to 5.3 percent in 2016 as private sector investment picks up once fiscal reforms are committed , a new Asian Development Bank (ADB) report says. “Fiscal consolidation is to be put back on track by a revision of the […]
Sri Lanka needs 6 months to fix issues before signing ETCA: Professionals
Mar 30, 2016 (LBO) – Sri Lanka should work towards a national trade policy within which ETCA should be framed with all required regulatory framework and national interests in place, Sri Lanka’s Engineers Association said. Engineer Nanda Gunawardena speaking at a recent seminar asked the government to delay the signing of ETCA until a proper […]
Govt. should heed public opinion on ETCA & constitutional change: MR
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Virtusa, Hitachi enters into strategic partnership to offer disruptive business solutions
Mar 30, 2016 (LBO) – Virtusa Corporation, a global business consulting and IT outsourcing company and Hitachi Limited announced yesterday that they have agreed on a global strategic partnership. Hitachi and Virtusa will leverage their core competencies, industry IT solutions and leadership to provide joint services to their global clients and the broader market. They […]
Census and Statistics Department instant updates, now on Twitter
The Department of Census and Statistics (DCS) provides various socio economic and demographic statistics to data users covering a wide spectrum from students, researchers to policymakers and international agencies. DCS produce statistics on regular basis from different sources, including censuses, surveys and administrative records. Currently the Department of Census and Statistics uses printed and electronic […]
PTL Watch: Bond activity up, interest in long tenors
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Fitch upgrades Hemas Holdings to AA-; outlook stable
Fitch Ratings has upgraded Sri Lanka-based Hemas Holdings PLC’s (Hemas) National Long-Term Rating to ‘AA-(lka)’ from ‘A+(lka)’. The Outlook is Stable. It has also upgraded the National Long-Term Rating on Hemas’s senior unsecured debentures to ‘AA-(lka) from ‘A+(lka)’. The upgrade reflects the company’s improved business risk profile, which is aided by its strong presence in […]
Cost Management Maturity Model introduced to Sri Lanka
Mar 30, 2016 (LBO) – The first ever ‘Total Cost Management Maturity Model’ practice has been introduced to Sri Lanka by the Confederation of Indian Industry’s Total Cost Management (TCM) division. The signing of the MOU between Institute of Certified Management Accountants of Sri Lanka (CMA) and TCM was held recently at a cost accountants’ […]