Author: lbostgadmin
‘s Koggala EPZ earns USD122 Mn in 2017
Mar 14, 2018 (LBO) – The Board of Investment’s (BoI) Koggala Export Processing Zone (KgEPZ) contributed US 122 million dollars worth of exports earnings in 2017, emerging as a major economic centre in the South and an important contributor to the economy. The working population in the zone currently stands at 14,070 of which 80 percent […]
President visits Japan to strengthen trade ties
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena is presently engaged an official tour of Japan with the aim to further strengthening the long standing bilateral relations between the two nations.During this visit, the President is scheduled to meet Emperor Akihito and Empress Michiko.The President will also hold bilateral discussions with the Japanese […]
Sri Lanka to get USD100Mn from India for solar projects
Mar 14, 2018 (LBO) – The Indian government announced a Line of Credit for US 100 million dollars to finance solar power projects in Sri Lanka, during a visit of President Maithripala Sirisena to India, recently. The project includes development of 200,000 rooftop solar units for low income families (for US 50 million dollars) and setting up of […]
LinkedIn to ban users engage in hate speech
Mar 12, 2018 (LBO) – Business and employment oriented social networking service LinkedIn has decided to refresh their community policies to make sure it stays a platform where people act professionally. As per the new professional community policies, harassment and hate speech are not welcome on LinkedIn and could result in permanent restriction of service. […]
HSBC’s flagship Premier Centre in Colombo re-opens after extensive renovation
HSBC’s flagship Premier Centre strategically located at No 31, Flower Road, Colombo 7 was re-opened after a full renovation by Betty Miao, Head of Retail Banking & Wealth Management International, Asia Pacific together with Mark Prothero, CEO HSBC Sri Lanka and Maldives, Joanna Kalenska, Head of Marketing for International Markets, Rudra Basu, Head of Regional […]
Solar Alliance will create a greener, cleaner, healthy world: President
Mar 12, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena expressed confidence that the International Solar Alliance (ISA) would showcase the power of the countries involved to bring about solutions to create a greener, cleaner and a healthy environment for people of this world.Addressing the Founding Conference of the ISA Summit in New Delhi today […]
Reforms have progressed but vulnerabilities remain: IMF Staff Mission
Mar 11, 2018 (LBO) – Despite weather-related shocks and some delays in implementation, program performance remains broadly on track, said IMF Staff Mission after a recent visit to Sri Lanka. The IMF staff team led by Manuela Goretti visited Colombo from February 27 – March 9 to hold discussions for the fourth review of Sri Lankan […]
Sri Lanka made minimal progress on UNHRC resolution: Verité Research
Mar 09, 2018 (LBO) – Sri Lankan government has made minimal progress towards the fulfillment of its commitments in UNHRC resolution on Sri Lanka, a research firm said. Verité said in a research report that only two out of 36 commitments saw an improvement in their implementation status in recent months. “Since March 2017, the […]
PM meets with UN Under Secretary General for Political Affairs in Colombo
Prime Minister Ranil Wickremesinghe has met United Nations Under Secretary General for Political Affairs, Jeffrey Feltman at the Temple Trees, Colombo this morning. Discussions were carried out between the two about various topics including the current political situation in the country.
Colombo Fashion Week Brings Together Other Creative Industries
Celebrates Expression through Collaborations Celebrating other creative industries and their expression through fashion has been one of the focus’ of HSBC Colombo Fashion Week in recent years. These collaborations have given birth to various sub events that take place during the week of CFW such as Art Connect, Fashion + Food events, Knowledge Workshops, Music […]
Sri Lanka tourist arrivals up 19.3-pct in February 2018
Mar 09, 2018 (LBO) – Sri Lanka tourist arrivals increased 19.3 percent in February against last year with the largest source market for tourists becoming China, followed by India and the United Kingdom. The total number of international tourist arrivals to Sri Lanka during February was 235,618. Almost 98 percent of tourists travelled by air to Sri Lanka. […]
Government to implement two water projects at a cost of Rs11.3bn
Having recognized the importance and urgency of implementation of Kirama Katuwana Water Supply Project and project for Augmentation of Water Pipelines along with the Orugodawatta Ambatale Road Development Project, the Government has now been able to finalize the funding arrangements with foreign and local banks. Accordingly, UniCredit Bank of Austria has agreed to provide Euro […]