Author: lbostgadmin
Pidilite opens new adhesive manufacturing plant in Polgahawela
Jul 11, 2018 (LBO) – A state-of-the-art manufacturing plant of Pidilite Lanka (Private) Limited was formally commissioned at Polgahawela in Sri Lanka’s North Western Province, recently. It is a joint venture of India’s Pidilite Industries Limited. The company is well-known brands in Sri Lanka include FEVICOL, the high-performance range of adhesives and Dr. FIXIT, an advanced […]
Sri Lanka to bring down Chinese suppliers who supply canned fish with worms
Stepping in and mediating on time, Sri Lanka has successfully turned around the issue of spoilt canned fish imports muddle following in-depth and multi-level talks with all the key stakeholders in Colombo on 10 July. “We invite a canned fish supplier delegation from China to Sri Lanka for discussions” said the Minister of Industry and […]
Sri Lanka President, Fin Min agree to go ahead with fuel price formula, Prices hiked
Jul 10, 2018 (LBO) – Sri Lanka’s President and Finance Minister following meeting earlier Tuesday decided to revise its fuel prices according to an earlier cabinet approved pricing formula. Accordingly the price of one litre of Petrol (Octane 92) will be increased by 8 rupees to 145 rupees, Petrol (Octane 95) will be increased by 7 rupees to […]
Central Bank instructs SFSP to pay 10-pct of deposit liabilities from today
July 10, 2018 (LBO) – Monetary Board of the Central Bank has instructed Swarnamahal Financial Services PLC (SFSP) to pay urgently 10 percent of deposit liabilities commencing from today, considering the requests of the depositors.Central Bank said the details of the payment plan will be informed to depositors by Swarnamahal Financial Services PLC shortly. Central Bank […]
Simplifying exporter registration process is critical for export success: Study
July 10, 2018 (LBO) – Sri Lanka’s current exporter registration process is unnecessarily lengthy, inefficient and unduly burdensome especially for Small and Medium Enterprises (SMEs), a recent study has found.According to the main findings of a study conducted by Verité Research shows that many of these unnecessary steps cannot be justified on a rational basis. […]
Thailand PM to visit Sri Lanka, negotiations for a possible FTA
July 10, 2018 (LBO) – Prime Minister of Thailand, General Prayut Chan-o-cha will undertake an official visit to Sri Lanka on 12 and 13 July 2018. This visit takes place against the backdrop of discussions during President Sirisena’s visit to Thailand in November 2015. At the invitation of President Maithripala Sirisena, Prime Minister Chan-o-cha will […]
”’ voted best Booker Prize winner in history
July 10, 2018 (LBO) – Sri Lankan born Michael Ondaatje’s novel “The English Patient” has been voted the best Man Booker Prize winner ever in the 50 year history of the award. Many of Ondaatje’s works have Sri Lankan subject matter or influence giving his writings a deep connection to the island where he spent […]
Sri Lanka needs to politically, financially revitalize and empower local governments: PM
Jul 10, 2018 (LBO) – Sri Lanka’s Prime Minister said that the island needs to reconsider the structure of it’s local governments as concepts such as mega-cities and global connectivity come into play. “The biggest issue in the management of mega-cities is that they involve many levels of Government and Local Authorities,” Prime Minister Ranil Wickremesinghe said. […]
Singapore Prime Minister hosts luncheon for Sri Lanka delegation
July 09, 2018 (LBO) – Sri Lanka delegation led by Premier Ranil Wickremesinghe has graced a luncheon hosted by Singapore Premier Lee Hsien Loong today.Premier Lee Hsien Loong has pointed out the Sri Lanka delegation that the FTA signed with Singapore will increase investments in Sri Lanka. According to Loong, the trade agreement will allow […]
World Finance Banking Awards recognize Sampath Bank as Best Retail and Commercial Bank
Sampath Bank was recognized as Sri Lanka’s ‘Best Retail Bank’ and ‘Best Commercial Bank’ for the 5th consecutive year at the prestigious World Finance Banking Awards awarded by UK based World Finance magazine. Continuing to win accolades both within the island and around the world, the Bank has reigned supreme at this forum, bringing home […]
SLASSCOM elects new chairman, board, and general council for 2018/2019
Jul 09, 2018 (LBO) – SLASSCOM, a representative body that represents growth of the Sri Lankan IT and BPM Industry elected Jeevan Gnanam, chief executive officer/director, Orion City as the organizations Chairman during its Annual General Meeting recently. The members also elected the office bearers for the term 2018/19. Addressing the gathering, Jeevan shared a five-point […]
‘s govt gets USD 50Mn loan from OPEC fund for international development
Jul 09, 2018 (LBO) – Sri Lanka’s government signed a loan agreement for obtaining financial assistance of US 50 million dollars from OPEC fund for International Development (OFID) for implementation of technological education development programme Under current portfolio, OFID provides financing for road and irrigation sectors. The lines and working pattern of our workforce is bound […]