Author: lbostgadmin
Ceylon Motor Show 2017 in PICS
Feb 08, 2017 (LBO) – Automotive enthusiasts thronged the BMICH over the last weekend to be a part of the Ceylon Motor Show 2017, Sri Lanka’s single largest showcase of the very latest in the motor vehicle industry alongside their counterparts from the classic and vintage era dating back to the 1900s. Registering attendance in […]
Toyota Lanka opens dedicated showroom for its first 1000cc car
Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka opened doors to its latest showroom for the affordable, comfortable and safe 1000cc “Wigo” which was launched recently. The dedicated showroom situated within Toyota Plaza in Wattala embodies the fun and excitement that is synonymous with the “Wigo”. Launched targeting young […]
Citizens Development Business (CDB) goes live with Intellect DIGITAL FACE
(PRESS RELEASE) – Customer centric Digital Channel solution with an omni-channel experience Intellect Design Arena Ltd, a digital technology product provider across Banking and Insurance, today announced that Citizens Development Business Finance PLC (CDB) has gone live with Intellect’s DIGITAL FACE, an Omni Channel solution catering to demands of the modern customers. CDB will now […]
Government of Finland keen to invest in Sri Lanka
The Ambassador of Finland to Sri Lanka Rauli Suikkanen says that he would call leading entrepreneurs of his country to commence investment in Sri Lanka. Ambassador Suikkanen announced this when he met Finance Minister Ravi Karunanayake at the Ministry for Finance yesterday (February 6). Finish Ambassador Rauli Suikkanen further said that there is a confidence […]
Nikkei edges down in choppy trade; glass sector outperforms
TOKYO, Feb 8 (Reuters) – Japan’s Nikkei share average edged down in choppy trade on Wednesday morning as stocks tracked the volatile currency market, while the glass manufacturing sector outperformed on brisk earnings results. The Nikkei dropped 0.1 percent to 18,892.69, having dabbled in positive territory earlier in the trading session. The dollar fell 0.2 […]
‘pura medical faculty teachers threaten union action over SAITM issue
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Sri Lanka plans to generate electricity from tidal power
Feb 07, 2017 (LBO) – Sri Lanka plans a new project with Finnish assistance to generate electricity from tidal power, the power ministry said. Following a meeting with Ambassador of Finland to Sri Lanka Rauli Suikkanen, Ranjith Siyambalapitiya the minister for power and renewable energy said the ambassador had expressed his fullest support for the […]
PTL Watch: Bond yields mostly lower after rate stance
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LOLC microfinance model ventures into Pakistan
The LOLC Group inked a historic joint venture with Pak Oman Microfinance Bank Limited to introduce LOLC’s exceptional and globally accepted Microfinance model to the people of Pakistan. Having observed LOLC’s uniquely effective microfinance business model and its success stories in Sri Lanka, Myanmar and Cambodia, Pak Oman Microfinance Bank Limited which is a joint […]
Sri Lanka committee finalizing report on Muslim Marriage and Divorce Act
Feb 07, 2017 (LBO) – A committee appointed by Sri Lanka’s former Minister of Justice and Law Reform Milinda Moragoda to consider and recommend amendments to the Muslim Marriage and Divorce Act No 13 of 1951 is finalizing its report, a statement said. The committee was appointed in July 2009 with the approval of the […]
Central Bank holds policy interest rates unchanged
Feb 07, 2017 (LBO) – Sri Lanka’s Central Bank held key interest rates unchanged on Tuesday with the expectation that inflation will stabilize at mid-single digits and the economy was responding to stabilization measures. Credit growth to the private sector by commercial banks remained high at 21. 9 per cent by end 2016, although it […]
ADB to introduce new partnership strategy with Sri Lanka
Feb 06, 2017 (LBO) – Asian Development Bank is working on a new country partnership strategy with Sri Lanka’s government to address dynamic challenges with sustainable, inclusive and environmentally friendly solutions, an official said. During an event to mark 50 years of Sri Lanka’s partnership with ADB, director general of South Asia Regional Department of […]