Author: lbostgadmin
Sri Lanka launch first free pre-hospital care ambulance service with Indian grant
(PRESS RELEASE) – In a groundbreaking initiative, the country’s very first fully fledged free pre-hospital care ambulance service numbering a collective of 88 state of the art fully equipped vehicles was flagged off at Galle Face Green. To be operated initially in the Southern province with the service rolled out into the Western Province within […]
‘s PM
July 28, 2016 (LBO) – Former Governor Arjuna Mahendran has taken up an appointment as an advisor to Prime Minister Ranil Wickremesinghe in the area of investments, a government official said. Mahendran did not seek re-appointment for the position of Central Bank governor last month as a COPE investigation into treasury bond issues had not […]
CA Sri Lanka Exam Pass Rate Increases with new curriculum
(PRESS RELEASE) – The new curriculum introduced by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) last year has paved way for a significant increase in the pass rates of students who sat for the institute’s examinations this year in their pursuit to become globally sought after Chartered Accountants. CA Sri Lanka […]
Sri Lanka to establish technology incubator with Wayamba Uni
July 28, 2016 (LBO) – Sri Lanka will establish an incubator and technology transfer centre in a joint project with the Wayamba University at a cost of 46.5 million rupees. According to a Cabinet decision, the centre will be established in Makadura (West) Industrial Estate together with the National Enterprise Development Authority.”This will facilitate start-ups […]
Sri Lanka rupee up on bank dlr sales; c.bank rate decision eyed
July 28, 2016 (Reuters) – The Sri Lankan rupee edged up on Thursday as banks’ dollar sales surpassed mild demand for the greenback from importers, ahead of the central bank’s monetary policy rate announcement later in the day, dealers said. The central bank is expected to keep its key interest rates steady for a fifth […]
Hayleys Fibre approves Rs420mn property sale to Alumex
July 28, 2016 (LBO) – Shareholders of Sri Lanka’s Hayleys Fibre have unanimously approved a disposal of 420 million rupees worth freehold property located at Ja-Ela to listed Alumex through a related party transaction. The company called an EGM to get shareholder approval for the disposal, as the value of the property exceeds 50 percent […]
No quick fixes for Sri Lanka economy, future sunny: CB Governor
Jul 28, 2016 (LBO) – Sri Lanka’s new Central Bank governor says that he aims to have stable policies with strong fundamentals as opposed to quick fixes. “May countries are trying to create artificial momentum and if you look closely this has not worked,” Indrajit Coomaraswamy, Central Bank Governor said Thursday. “We will try to […]
Sri Lanka’s Access Engineering net down 13-pct in June quarter
July 28, 2016 (LBO) – Profits at Sri Lanka’s Access Engineering group fell 13 percent to 524 million rupees in the June 2016 quarter from a year earlier amid higher expenses, interim accounts showed. The group posted earnings of 52 cents per share for the quarter, and the stock ended at 23.20 rupees on Wednesday. […]
Cabinet approves concessionary taxes for commercial land
Jul 27, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve concessionary taxes for commercial lands under the state lands ordinance. Under a directive by President Maithripala Sirisena, in his capacity as the Minister of Mahaweli Development and Environment, a concessionary taxation method for leasing state lands was approved by the Cabinet of Ministers, […]
Moratuwa Uni “D-Mora P1” car wins accolades at Formula Student UK 2016
July 28, 2016 (LBO) The D-Mora P1 race car built by the engineering students from the University of Moratuwa with the backing of Diesel & Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, won accolades at the world’s biggest student motorsport competition “Formula Student 2016”. This was the first time […]
Sri Lanka tea output dips 14.3-pct in June, Will miss full year target: Tea Board
COLOMBO, July 27 (Reuters) -Sri Lanka’s tea output in June fell 14.3 percent from a year earlier because of heavy rain the previous month, a media report said. Production in the first six months has fallen by 11.1 percent , a Reuters report said. “There was heavy rain in May and that is the main reason for […]
UK launches new visit visa application form in Sri Lanka
July 27, 2016 (LBO) – As part of a global rollout, a new visa application form called Access UK was launched in Sri Lanka for customers applying for a UK visit visa. British High Commission in Colombo said the new form will make it quicker and easier for customers to apply for their UK visa. […]