Author: lbostgadmin
Solar now cheaper than coal in some places: report
Jan 03, 2017 (LBO) – Solar power is now cheaper than coal in some parts of the world, and could become the lowest-cost option in less than a decade. Last year, countries such as Chile and the United Arab Emirates broke records with deals to generate solar electricity for less than 3 cents a kilowatt-hour, […]
People’s Bank unveils 7 self banking centers in Colombo
Accelerating its digitalization drive, People’s Bank proudly launched its Self Banking Center with CDM/ATM/Kiosks in seven locations in Colombo district, to provide the endless comfort of seamless transactions to customers. The attractively-designed facility will empower customers to conduct most banking functions at the Self Banking Centre without having to enter the branch itself. The launch […]
Sri Lankan shares fall as John Keells Holdings draws selling
Jan 02, 2017 (Reuters) – Sri Lankan shares fell on the first trading day of 2017 as investors sold market heavyweight John Keells Holdings Plc and other blue chips amid worries over a weakening rupee and rising interest rates. Conglomerate John Keells Holdings Plc fell 3. 5 percent and accounted for 67. 6 percent of […]
PTL Watch: Bond yields dip slightly, further OMO
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Colombo Port volumes grow, CICT surpasses 2mln TEUs
Jan 02, 2017 (LBO) -Colombo International Container Terminals (CICT) has reported a throughput of two million TEUs for the 12 months ending 31 December 2016, a year-on-year growth of 28 percent in volume, enabling the Port of Colombo to register overall incremental growth during three consecutive years. CICT said ULCCs (Ultra Large Container Carriers) and VLCCs (Very […]
Supun Weerasinghe appointed as group CEO of Dialog Axiata
Jan 02, 2017 (LBO) – Sri Lanka’s telecommunications blue chip Dialog Axiata today informed the stock exchange that Supun Weerasinghe has been appointed as the Group CEO with effect from yesterday. Dialog Axiata said the board of directors of the company approved the appointment of Weerasinghe as an executive director of the Company. “Weerasinghe presently […]
António Guterres begins term as 9th Secretary General of United Nations
The incoming United Nations Secretary-General António Guterres officially begins his 5 year term today after being sworn in on the 12th of December. Guterres, a former Prime Minister of Portugal (1995 to 2002) and former UN High Commissioner for Refugees (2005-2015) took the oath of office on the 12th December following the Assembly’s tribute to […]
Sri Lanka’s largest fully integrated tire plant to be built with Rs11.25bn
(Press Release) – Rigid Tyre Corporation (Pvt.) Ltd. Equipped with the latest technology, this new plant is destined to roll in a new page in the industrial sector of Sri Lanka. It comes with the healthy integration of political acumen, local entrepreneurship and proven European technology in the form of a world reputation –Marangoni of […]
‘s LankaPay Common ATM Network
(PRESS RELEASE) – ICICI Bank, India’s largest private sector bank by consolidated total assets, recently joined ‘LankaPay Common ATM Network’, the national payment network that facilitates high quality electronic financial services at affordable prices in a secure, reliable and convenient manner to all in Sri Lanka. This marks a definitive step towards enriching customer experience. The […]
Economic development with thrust on education: Finance Minister
Jan 02, 2017 (LBO) – Sri Lanka’s Minister of Finance Ravi Karunanayake says there will be sustained economic development in the new year with a thrust on education spending. A new health insurance policy and more infrastructure spending are among the significant proposals being implemented in education, he said. Over 4.5 million children between the […]
China steps up scrutiny on individual forex purchases in the new year
SHANGHAI, Jan 1 (Reuters) – China’s foreign exchange regulator said that, starting Jan. 1, 2017, it will step up scrutiny on individual foreign currency purchases and strengthen punishment for illegal money outflows, but the $50,000 annual individual quota will remain unchanged. The announcement by the State Administration of Foreign Exchange (SAFE) late on Saturday comes […]