Author: lbostgadmin
Yahoo to be named Altaba, Mayer to leave board after Verizon deal
Jan 10, 2017 (Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and […]
MR outlines issues of proposed Hambantota port deal
Since the future of the Hambantota port is now under discussion, I wish to explain to the public, my position on this matter. The loans taken for the construction of this harbour were 450 million USD for the first phase, 70 million USD for the bunkering facility and 802 million USD for the second phase […]
Deputy Foreign Affairs Minister addresses public forum on “Indian Ocean”
Dr. Harsha de Silva, Deputy Minister of Foreign Affairs, visited Singapore on 9th January 2017 to address the Public Forum cum Panel Discussion on the theme “The Indian Ocean” organised by the Institute of South Asian Studies (ISAS) of the National University of Singapore. The other speakers who participated at this inaugural session of Distinguished […]
Sri Lankan shares end marginally lower; T-bill yields hit 4-mth high
Jan 10, 2017 (Reuters) – Sri Lankan shares erased early gains to end marginally lower on Tuesday as yields on short-term government securities rose in a weekly auction amid uncertainty over government’s monetary and budget policies. Yields on treasury bill auctions rose 9-19 basis points at a weekly auction on Tuesday to its four-month high, […]
Banker magazine picks Ravi as Finance Minister of the year, Asia Pacific
Jan 10, 2017 (LBO) – Finance Minister Ravi Karunanayake has been selected as the Finance Minister of 2016 for Asia-Pacific by the prestigious ‘The Banker’ magazine. ‘The Banker’ published in London has selected the finance minister who best managed to stimulate growth and stabilize the economy of their country. The magazine says crucially, Karunanayake secured […]
MullenLowe moves Sri Lanka operations to ultramodern office
MullenLowe Sri Lanka, the local office of the MullenLowe network – a member of the Interpublic Group (IPG), will formally unveil its ultra-modern office at 125, Kynsey Road, Colombo – 7, on the 19th of January under the patronage of Hon. Eran Wickramaratne – Deputy Minister of Public Enterprise Development and Member of Parliament (MP) […]
Sri Lanka should rethink immigration, diaspora policies: Hausmann
Jan 10, 2016 (LBO) – Sri Lanka should rethink its immigration, diaspora and product development policies so as to encourage more complexity in exports, economist Ricardo Hausmann of Harvard University said in Colombo on Monday. Immigrants and diaspora bring with them significant know-how and skills necessary for the setting up of new industries, a process […]
Singer crosses Rs.1bn worth Huawei smartphone sales in December, Records 77-pct sales growth in 2016
(PRESS RELEASE) – Huawei, a leading smartphone brand in Sri Lanka, announced that Singer Sri Lanka, the exclusive national distributor for Huawei smartphones, has successfully surpassed Rs. 1 bn Huawei smartphone sales generated solely inthe month of December 2016. As a trusted, state-of-the-art brand amongst the general public, Huawei together with Singer enhanced their […]
‘s globally acclaimed legal luminary Justice Weeramanthry
The Muslim Community in Sri Lanka is deeply saddened by the demise of one of Sri Lanka’s most eminent jurists and a globally acclaimed legal luminary, Sri Lankabhimanya Christopher Gregory Weeramantry. Justice Weeramantry was a Judge of the Supreme Court of Sri Lanka from 1967 to 1972 and was a Judge of the International Court […]
‘s credit rating upgrade depends on IMF compliance: Fitch
Jan 10, 2017 (LBO) – Sri Lanka’s potential improvements in sovereign credit profiles will depend on the country’s level of compliance with IMF conditions, as implementation risks are often high, Fitch Ratings says. Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in several frontier markets that entered […]
