Author: lbostgadmin
‘s HDFC Bank
Jul 24, 2018 (LBO) – Fitch Ratings has maintained Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) National Long-Term Rating of ‘BBB-(lka)’ on Rating Watch Negative (RWN), a statement said. “The RWN, first placed in August 2017, has been maintained pending a capital infusion from the Sri Lankan state (B+/Stable) to help HDFC […]
CSE listed Asian Hotels (AHPL) profit evaporates as new competitors emerge
July 24, 2018 (LBO) – Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported weak results for the quarter ended June 30, 2018. Revenue was down 14% and profits were down sharply by 77%. The listed group owns the Cinnamon Grand and Cinnamon Lakeside hotels, making it the owner of the largest amount of […]
Sri Lanka June inflation marginally up at 2.5-pct
Jul 24, 2018 (LBO) – Sri Lanka’s National Consumer Price Index (NCPI) for the month of June 2018 was up at 2.5 percent in June 2018 from a year ago, data from the Department of Census and Statistics (DCS) shows. The NCPI for all items for the month of June 2018 was 126.5, an increase […]
EGUARDIAN brings Fortinet’s third generation of network security toSri Lanka
(PRESS RELEASE) – EGUARDIAN Lanka, Sri Lanka’s leading value added IT distributor, recently held a knowledge sharing forum for their customers on Fortinet’s Security Fabric at the Cinnamon Grand. IT Heads from finance, telecom and software industry were in attendance to learn about the latest innovationsto the Security Fabric that can help protect their networks […]
Sri Lanka to launch electric three wheelers by 2020
Jul 24, 2018 (LBO) – Sri Lanka together with Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN has built an electric three-wheeler. “I am indeed encouraged by the electric three-wheeler developed by Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN,” Mangala Samaraweera, Minister of Finance said. “It is considered to have incorporated some of the cutting-edge technology […]
Construction of USD250mn Rigid Tire factory proceeding rapidly: BOI
Malik Samarawickrama Minister of Development Strategies and International Trade visited the Rigid Tire Corporation (Pvt) Ltd factory site which is being built at the BOI Wagawatte Industrial Park. The factory represent a total investment of US$250 million with the possibility of increasing to as much as US$300 million. The project will adhere to all environmental […]
Sri Lanka announces biggest youtube meetup of the year with “YouTube Open Mic”
YouTube Open Mic Night is the first of its kind in Sri Lanka, and an event to bring together the country’s leading YouTube Celebrities, Brand Ambassadors, Content Creators, Influencers and YouTube Enthusiasts and will be happening on 10th of August from 6pm onwards at the Spice Room at Shangri-La Hotel, Colombo. This event is powered […]
Moragahakanda Kalu Ganga Reservoir water filling commences
July 23, 2018 (LBO) – Sri Lanka marked the completion of the Mahaweli Multipurpose Project after the water filling of the Moragahakanda Kalu Ganga Reservoir commenced today under the patronage of President Maithripala Sirisena. Mahaweli Multipurpose Project initially inaugurated at Polgolla in the Central Province by the then Prime Minister Sirimavo Bandaranaike on 08 January […]
Sri Lanka – UNWFP join hands to improve nutrition and food security
Jul 23, 2018 (LBO) – The UN World Food Programme (WFP) and the government of Sri Lanka have signed a Letter of Understanding (LOU) on its next phase of partnership to enhance food security and nutrition, in support of the government’s Vision 2025 and sustainable development goals. The LOU was signed by Dr. R. H. […]
Wulian appoints Techneed as authorized distributor for IoT products in Sri Lanka
Wulian, a professional manufacturer and global leading supplier for IOT, Smart Home products and solutions has announced the appointment of Techneed (Pvt) Ltd. one of Sri Lanka’s growing high-tech IoT start-ups as an authorized distributor in Sri Lanka. This will enable the company to expand its market share, for its complete IOT, Smart Home product […]
Colombo Port transshipments up by 19.8-pct in 1H; targets 7mn TEUs for 2018
July 22, 2018 (LBO) – Establishing a record in transshipment operations, the Colombo Port has witnessed the highest growth of 19.8 percent in transshipment container throughput for the first half of 2018 as against the corresponding period in 2017.During the first half of 2018, the Port of Colombo handled 2,733,906 TEUs of transshipment containers as […]
Guardian Acuity Asset Management Unit Trust Funds bags Gold and Silver
MEDIA RELEASE July 22, 2018 (LBO) – Guardian Acuity Asset Management underlined its position as one of Sri Lanka’s leading unit trust management companies, winning the Gold and Silver awards for the Best Unit Trust Fund at the CFA Sri Lanka Capital Market Awards 2018, held in Colombo Tuesday 26th June 2018. The Guardian Acuity […]