Author: lbostgadmin
Ceylon Electricity Board violates license conditions, says PUCSL
Mar 30, 2016 (LBO) – Sri Lanka’s power regulator, Public Utilities Commission, has directed the CEB to explain the reasons for the recent violation of license conditions. This violation referring to the notice on ‘Electricity Interruptions’ appeared on the CEB website on 28 March 2016. However, in terms of the Transmission and Bulk Supply License, […]
Toyota Lanka unveils future technology at ‘Future World’ exhibition
Toyota Lanka announced a pioneering Future World Exhibition on Toyota Automotive Technology held on 29th and 30th March 2016 at the Sri Lanka Exhibition & Convention Centre (SLECC). The first-ever comprehensive motor technology exhibition of its kind to be held in the country, Future World is open to all existing, potential and future customers and […]
Sri Lanka plans to issue up to USD3 bln in international sovereign bonds
Mar 30, 2016 (LBO) – Sri Lanka plans to issue international sovereign bonds up to three billion dollars in 2016, the Central Bank said, in a request for proposals to appoint lead managers or book runners. “As per the approved Sovereign Bond programme of the Government of Sri Lanka (GOSL), Central Bank of Sri Lanka […]
PTL Watch: Sri Lanka bond yields rise with auction
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Sri Lanka rates held unchanged after monetary policy meeting
Mar 29, 2016 (LBO) – Sri Lanka’s monetary board held interest rates unchanged after a monthly monetary policy meeting, surprising some market participants who expected a rate increase. Seven out of 13 economists expected the Central Bank to raise rates to tackle high credit growth and pressure on the Rupee, according to a poll done […]
Horton Debate members to meet Rt Hon Lord Mark Malloch-Brown
Members of the Horton Debate Society will meet Rt Hon Lord Mark Malloch-Brown at an intimate dinner event in Colombo this month. A former number two in the United Nations, Mark Malloch-Brown has served in the British Cabinet and Foreign Office. He was Deputy Secretary-General of the UN under Kofi Annan, and Administrator of the […]
Sri Lanka officials meet Green Climate Fund
Mar 29, 2016 (LBO) – Sri Lanka government officials met with the Executive Director of the Green Climate Fund (GCF) Hela Cheikhrouhou at the GCF Secretariat in Songdo, Republic of Korea, on Friday 18th March 2016. The Deputy Minister of Foreign Affairs Dr. Harsha de Silva and the Deputy Minister of Mahaweli Development and Environment […]
Throwing rocks at the Google Bus, the Rushkoff way
Mar 29, 2016 (LBO) – In his latest book ‘Throwing Rocks at the Google Bus,’ media theorist Douglas Rushkoff argues that the free market isn’t written in stone and a path to a more resilient way of doing business involves understanding the steady-state economy. He reminds us to stop using the market as an excuse […]
CSE seeks foreign listings on proposed dollar denominated Board
The Colombo Stock Exchange (CSE) and the Maldives Stock Exchange (MSE), in association with the Capital Market Development Authority of Maldives (CMDA), acting under the MOU signed between the two exchanges conducted a roadshow for potential Maldivian Issuers and Investors. The forum hosted by the Capital Market Development Authority of Maldives was held on the […]
Ceylon Chamber and Swiss-Asian Chamber of Commerce in MOU
Mar 29, 2016 (LBO) – The Ceylon Chamber of Commerce and Zurich based Swiss-Asian Chamber of Commerce signed an MOU recently to promote trade and investments between Sri Lanka and Switzerland. The signing took place with the participation of CCC Chairman Samantha Ranatunga and Mark Dangel, chairman, Sri Lanka Committee of the Swiss-Asian Chamber of […]
Sri Lanka condemns terrorist attack in Lahore on Easter Sunday
The Government of Sri Lanka strongly condemns the dastardly terrorist attack targeting innocent civilians on 27th March 2016 in Lahore. The Government and the people of Sri Lanka wish to express our deep condolences to the families of the victims and our thoughts and prayers for the speedy recovery to those injured by the attack. […]
Sri Lanka should open up more than two sectors for ETCA: Prof. Samarajiva
Mar 29, 2016 (LBO) – Sri Lanka should open up more sectors for the proposed Indo-Lanka Economic and Technology Cooperative Agreement or ETCA, a head of regional think tank said. A former telecoms regulator and founding Chair of LIRNEasia Professor Rohan Samarajiva said at a seminar that the construction industry is a one sector that […]