Author: lbostgadmin
Sri Lanka gives official go ahead for China Port City; CHEC welcomes approval
Mar 15, 2016 (LBO) – Sri Lanka’s government officially informed the Chinese investors of resuming the construction of the Port City project in capital Colombo, yesterday one year after its suspension, a foreign news agency reported. According to China’s state media, Xinhua Sri Lanka’s Ministry of Ports and Shipping, in an official letter to the CHEC Port […]
Nelson Liu appointed Chairman of CICT, Ray Ren becomes CEO
The Board of Directors of Colombo International Container Terminals Ltd. (CICT) has announced that the company’s first Chief Executive Officer Mr Nelson Liu has been appointed Chairman effective 8th March 2016, and that the CEO position has been filled by Chief Operations Officer Mr Ray Ren. The announcement said CICT will be spearheaded by Mr […]
Volvo appoints new importer and distributor in SL
Mar 15, 2016 (LBO) – Volvo, a Sweden based car manufacturer announced Swedish Cars (Pvt) Ltd., an IWS Holdings company, as the importer and distributor of it’s vehicles in Sri Lanka. Swedish Cars announced that it is now officially commencing the development of the Volvo Centre Colombo with a completion date set for August 2016. […]
PM’s allegation on undisclosed loans, a complete falsehood: MR
Mar 14, 2016 (LBO) – The prime Minister’s recent allegation on undisclosed loans is a complete falsehood, Former President Mahinda Rajapaksa said. Rajapaksa speaking at his Battaramulla office on Monday said state owned enterprises engage in commercial activities and they have their own dealings with banks. “Borrowings by state entities are governed by their respective […]
Sri Lanka commits strengthening relations with Korea for mutual benefit
Foreign Minister Mangala Samaraweera, on an official visit to the Republic of Korea, expressed Sri Lanka’s commitment to further strengthen bilateral relations for mutual benefit, on Friday 11 March in Seoul. Minister Samaraweera’s sentiments were reciprocated by Foreign Minister Yun Byung-se. The Sri Lankan Foreign Minister was accompanied on the visit by the Minister […]
CA Sri Lanka underscores greater women representation across all sectors
President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Lasantha Wickremasinghe emphasizedupon the importance for greater female representation across the country’s public and private sectors. Delivering a speech to mark the international women’s day at the institute which was held under the theme ‘pledge for parity – challenging conscious and […]
Power officials meet Monday to investigate third island-wide power failure: Minister
Mar 14, 2016 (LBO) – Sri Lanka’s Minister of Power and Renewable Energy said senior power sector officials are to meet Monday morning to investigate two island-wide power failures on Sunday. “It was the third island-wide power failure in six months and we are now investigating it,” Thilak Siyabalapitiya, Minister, Power and Renewable Energy said. […]
Asia is ray of hope for global recovery: Narendra Modi
New Delhi, Mar 13, (LBO) – Prime Minister Narendra Modi said Asia, which is the most dynamic region in the world, brings a ray of hope for global economic recovery. Mr Modi delivered the opening keynote at the three-day high-level conference in New Delhi themed “Advancing Asia: Investing for the Future.” The conference is co-hosted […]
Monetary policy cannot substitute for structural reforms: Raghuram Rajan
New Delhi, Mar 13, 2016 (LBO) – “Structural reforms, typically ones that increase competition, foster innovation, and drive institutional change, are the way to raise potential growth,” said Raghuram Rajan, Governor of Reserve Bank of India (RBI). Rajan was speaking at a three-day high-level conference in New Delhi themed “Advancing Asia: Investing for the Future.” […]
Sri Lanka Investment Summit to kick off in Singapore
Mar 12, 2016 (LBO) – Sri Lankan and international delegates will congregate at the Sri Lanka Investment Summit in Singapore on Tuesday, with the island positioning itself as one of the fastest growing economies in Asia, the organizers said. The conference is expected to bring together Sri Lanka’s financial sector specialists and regional portfolio managers […]
Blog: Social media marketing, the basic mistakes
By Dinesh Jebamani Today we need to innovate in the way we want to communicate and interact with our community who we consider as customers, prospects or target groups. The ever evolving communication landscape and continuous new mediums emerging in Digital media which are adopted fast by the public leaves us with no choice but […]