Author: lbostgadmin
‘s Bairaha farms to go ahead with Rs.1.3BN expansion
Mar 02, 2018 (LBO) – The Board of Directors of Bairaha Farms Group has approved an investment of 1.3 billion rupees to increase the day broiler chick production by over 50 percent, a statement said.” The Board of Directors of Bairaha Farms plans for a 1.3 billion rupee expansion over three years,” the Company said in a […]
Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal
Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas (LNG) Terminal and the Floating Storage Regasification Unit (FSRU). Accordingly, Sri Lanka will sign a tripartite MoU with India and Japan soon to conduct a feasibility study. Cabinet has also decided […]
PropertyGuru Asia Property Awards (Sri Lanka) 2018 event gathers momentum, shortlist reveal in June
PropertyGuru, Asia’s foremost online property company, is gearing up to host its first-ever Asia Property Awards gala dinner in Colombo, Sri Lanka in 2018 as property developers island-wide continue to express enthusiasm to participate in the region’s most prestigious property tilt. The inaugural PropertyGuru Asia Property Awards (Sri Lanka) domestic gala dinner will take place […]
‘s Insurance A+(lka); outlook stable
Fitch Ratings has assigned Sri Lanka-based People’s Insurance PLC a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of ‘A+(lka)’. The Outlook is Stable. KEY RATING DRIVERS The ratings reflect the non-life insurer’s strong domestic business profile, which is supported by its association with the People’s Bank (Sri Lanka) (PB, AA+(lka)/Stable) group, strong […]
Opinion: Reviving Sri Lanka’s commitments to disarmament
Navigating a Nuclearised Asia for Smaller States: Reviving Sri Lanka’s Commitments to Disarmament By Malinda Meegoda Throughout its diplomatic history, Sri Lanka has maintained a strong anti-nuclear stance. Given the perceived need to avoid antagonising nuclear powers in the region, Sri Lanka has communicated this stance as a general normative and ethical position, rather than […]
Opinion: Geopolitical tug of war between India & China for Indian Ocean
“Geopolitical tug of war between India and China for the Indian Ocean, in case of China’s One Belt, One Road initiative is implemented” By Ruwani Weerasinghe Since 15th Century, Indian Ocean has been a source of disseminating cultural, political, economic & social transformation across the regions. Also it remained as a significant ‘trade agent’ due […]
Sri Lanka’s economic outlook, investment opportunities positive: Eran
Feb 28, 2018 (LBO) – Sri Lanka government has formulated a three-year Economic Delivery Programme to increase per capita income to US 5000 dollars, create one million new jobs, and increase FDI to US 5 billion dollars per year said the Minister of State for Finance Eran Wickramaratne. He made these comments addressing a gathering of […]
Sri Lanka needs firm policy to mitigate future refinancing risks: Fin Min
Feb 27, 2018 (LBO) – Sri Lanka faces refinancing risks in the coming years and need a concerted and coordinated policy response to mitigate such risks, Finance Minister Managala Samaraweera said. “It is clear that Sri Lanka, like many developing nations, faces such refinancing risks in the coming years. This warrants a concerted and coordinated […]
Fitch Affirms Richard Pieris &”; Outlook Stable
(PRESS RELEASE) Fitch Ratings-Colombo-26 February 2018: Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC’s (RICH) National Long-Term rating at ‘A(lka)’ with a Stable Outlook. Fitch has also affirmed the National rating on RICH’s outstanding senior unsecured debentures at ‘A(lka)’. The affirmation of RICH’s ratings reflects our view that the improvement in […]
Janashakthi Delivers Sustained Double Digit Growth through FY 2017
(PRESS RELEASE) – Registering steady double digit growth in premiums through FY 2017, Janashakthi Insurance PLC (Janashakthi) posted a consolidated Gross Written Premium (GWP) of Rs. 15.115 billion for the twelve months ended 31st December 2017, a commendable year on year (YoY) growth of 11%. The Non-Life or General Insurance business grew by 14% to end […]
Allianz completes acquisition of Janashakthi General Insurance
Feb 26, 2018 (LBO) – Allianz announced the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary regulatory approvals, Monday. This transaction brings together two highly complementary businesses for enhanced scale, competitiveness and service capabilities, while positioning Allianz as one of Sri Lanka’s largest general insurers and significantly accelerating […]
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 24, 2018 (LBO) – As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs.30 and Rs.20 per litre respectively when compared with the last price increase on October 10, 2018. Therefore the Government stresses that the bus fares and the charges in […]