Author: lbostgadmin
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
Govt to renovate 30-year old generators at Victoria Power Station
Mar 17, 2016 (LBO) – The cabinet nod has been given to renovate the generators at the Victoria Power Station to obtain their maximum efficiency. It has been decided to award the tender for replacement of the Stator of the No. 03 generator of the Victoria Power Station to the bidder recommended by the Cabinet […]
PTL Watch: Yields tick higher with bond auction
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Sri Lanka up 15 notches in World Happiness Report 2016
Mar 17, 2016 (LBO) – Sri Lanka’s happiness has climbed 15 places to rank at 117 position bagging 4.415 points in the latest World Happiness Report published on Thursday. The country was ranked 132th in the second edition of the report published in 2015. Denmark topped the ranking while Switzerland bagged the second place in […]
71 Commercial Bank branches to be kept open on Good Friday
For the second time this month, the Commercial Bank of Ceylonwill keep71 branches open for business on a Public and Bank holiday, this time on 25th March, which is Good Friday. The Bank has announced that its30 Supermarket Banking Centres and 25 ‘365-day’ branches will work their customary hours on that day, while another 16 […]
Commonwealth Secretariat to help Sri Lanka set up Exim Bank
Mar 17, 2016 (LBO) – Sri Lanka’s exporters will soon see the setting of an Exim Bank for their credit purposes with the help of Commonwealth Secretariat, a senior official from the Secretariat said. “Having learnt of the proposal we at Commonwealth Offices in London gave the first Exim Bank concept paper to the Government of Sri Lanka […]
European Commission announces Euro 38 mn for development in Sri Lanka
Mar 16, 2016 (LBO) – The European Commission co-signed two new support programmes worth 38 million Euros in the field of rural development and trade with Sri Lanka, a EU statement said. “Now our focus is on providing long-term support towards poverty reduction and local economic development,” Neven Mimica, EU Commissioner for International Cooperation […]
Carl Cruz assumes duties as Chairman of Unilever Sri Lanka
With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the Chief Executive Officer of Unilever Pakistan. Carl arrived in Sri Lanka from the Philippines, where he last served as […]
SINGER – BEKO bring fun for young baking enthusiasts
The SINGER – Beko Fun Baking Event was held recently amidst a successful turnout at Beko Concept Store in Horton Place, Colombo. The event, attracted over fifty kids with their parents who got the opportunity to learn the best ways of baking in the new age with an unraveling novel experience in baking. The programme […]
Tokyo Cement recommences importing clinker from Japan
Tokyo Cement Group, the leader in the construction industry, trusted for decades as a supplier of high quality cement announces the recommencement of importing Clinker from Japan. The raw material in cement manufacturing will be for the exclusive use in ‘NIPPON-PRO’, a high-performance cement specially formulated for high risers and super structures. Mr. Dashantha Udawatte, […]
Sri Lanka foreign reserves at USD6.6bn; IMF support by mid 2016
Mar 16, 2016 (LBO) – Sri Lanka’s gross official reserves were estimated at 6.6 billion US dollars by today, Special Assignments Minister Sarath Amunugama said. Speaking at a media briefing Amunugama said it is sufficient for 4 months of imports. “It is recommended to keep at least 3 months of imports. So we are at […]