Author: lbostgadmin
LAUGFS Car Care launches new hybrid centre in Battaramulla
LAUGFS Car Care, a sub-division of LAUGFS Lubricants, recently announced the launch of a state-of-the-art Hybrid Center at Koswatta, Battaramulla, to cater to the diverse vehicle needs of Hybrid and Electric motor vehicles. “We are extremely pleased to announce the opening of our new Hybrid Center, the latest addition to our network of service centres, […]
No urgent need to adjust Sri Lanka interest rates: CB Governor
July 06, 2016 (LBO) – Sri Lanka’s newly appointed Central Bank Governor Indrajit Coomaraswamy says the monetary authority is closely watching interest rates, and the transmission impact of previous tightening takes 12 to 18 months. “We still haven’t seen the full effects of what has already been done,” he told reporters on Tuesday. “The slight […]
CB Governor awaits COPE outcome; bond market transparency to improve
July 05, 2016 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy told reporters Tuesday that he will look at the outcome of the COPE investigation before taking any action with regard to the alleged bond scam. Meeting reporters in Colombo for the first time after the new appointment, Coomaraswamy said the Central Bank will […]
DIMO to expand Agriculture-related businesses under “DIMO Agri” brand
Diesel and Motor Engineering (DIMO) PLC, one of the leading automobile companies in Sri Lanka, is aiming to expand its presence in the agriculture sector, while creating a new identity as “DIMO Agri” in the industry. DIMO Agri Machinery Division brings world’s best engineered agri-based brands such as Mahindra Tractors, CLAAS Harvesters and has supported […]
CA Sri Lanka unveils innovative executive & postgraduate diploma for executives
In remaining relevant amidst increasing challenges in the corporate world, the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) unveiled it’s newly revamped Executive Diploma in Accounting, Business & Strategy, and the Postgraduate Diploma in Business Finance & Strategy. The two programmes which takes on a progressive learning methodology, […]
Sri Lanka to collaborate with Guangdong Gems and Jade Exchange
Jul 05, 2016 (LBO) – Sri Lanka Gem and Jewellery Association (SLGJA) together with the National Gem and Jewellery Authority signed a Memorandum of Collaboration with the Guangdong Gem and Jade Exchange to develop more trade opportunities. “The agreement signifies a new phase of development between the trades of Sri Lanka and China to explore further mutual-beneficial cooperation […]
Speaker to consult Attorney General, CB Governor over bond report
July 05, 2016 (LBO) – Speaker Karu Jayasuriya has decided to consult Sri Lanka’s Attorney General and new Central Bank Governor over the course of action to take on the Auditor General’s report on Treasury bond auctions. “I’ll look forward to discuss the future course of action over the bond report with them while also […]
Unit Trust Association of Sri Lanka elects new office bearers
Ruwan Perera, Chief Operating Officer of NDB Wealth Management Limited was unanimously elected as the new President of Unit Trust Association of Sri Lanka (UTASL) at its 14th Annual General Meeting recently held in Colombo. Prior to being appointed as President of UTASL, he served as the Secretary of the Association. Ruwan Perera is an […]
The all new Volvo XC90model secures over 120 awards globally
Volvo cars, the world renowned Scandinavian car brand announced that it had won more than 130 international awards during the year 2015 and 2016 for the sophisticated new look of the Volvo range, its world-leading innovation and engineering excellence. The all new Volvo XC90 in particular proved to be a strong competitor in the […]
Japan pledges Rs305mn grant aid for Sri Lanka’s HRD scholarships in 2016
The Government of Japan has selected the 3rd batch of 15 prospective scholars under its Second Phase of Japanese Grant Aid for Human Resources Development Scholarship (JDS) Program – 2016 which commenced in September 2014, based on the official agreement with the Government of Sri Lanka. This year the Government of Japan pledges a grant […]
Motor car registrations down sharply from Sept peak: JB Securities
July 05, 2016 (LBO) – Motor car registrations in Sri Lanka recorded 3,657 units in May, slightly down from 3,664 units in April, but significantly lower than a peak 14,544 registrations last September, data from JB Securities shows Premium cars, three wheelers, two wheelers and mini trucks, however, showed an increase in May over April. […]
Asian shares slide as investors ponder stimulus outlook
July 5 (Reuters) – Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that central banks will provide more stimulus to offset a likely downturn triggered by Brexit. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, but was still within reach of […]