Author: lbostgadmin
Sri Lanka’s First VoLTE Service on Dialog’s LTE Networks
Dialog Axiata,Sri Lanka’s premier connectivity provider announced Wednesday 22nd June 2016, that the 4G-LTE Networks operated by the Dialog Group had been enabled with VoLTE (Voice over LTE) capability. The Dialog Group operates a Mobile 4G Network based on FD-LTE technology and a Fixed 4G Network based on TD-LTE. VoLTE is an acronym for Voice over LTE, which leverages […]
Fitch Downgrades NDB; Affirms 8 Sri Lanka Banks, Negative Outlook on DFCC, Sampath
Jun 23, 2016 (LBO) – Sri Lanka’s National Development Bank PLC’s (NDB) national long term rating has been downgraded to ‘A+(lka)’ from ‘AA(lka)’, Fitch rating said in a statement. The ratings on eight other Sri Lanka banks have been affirmed. The outlooks have been revised on DFCC Bank PLC’s (DFCC) and Sampath Bank PLC’s (Sampath) national longterm […]
Sri Lanka Cabinet cancels consultancy in defence HQ project
June 23, 2016 (LBO) – Sri Lanka’s cabinet has decided to cancel the consultancy given to a private firm for the construction of the defence headquarters complex at Akuregoda, Battaramulla. “The Committee appointed in the above purpose has observed that selection of consultancy firms and their payments have been done without providing true information to […]
Asia stocks, sterling rise as Brexit anxiety abates
June 23 (Reuters) – Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic that British voters would opt to remain in the European Union at a referendum later in the session. Two opinion polls published late on Wednesday, a few hours before […]
POLL-Sri Lanka Central bank expected to keep policy rates steady
June 22 (Reuters) – Sri Lanka’s central bank is expected to keep its key interest rates steady for a fourth straight month on Friday, a Reuters poll showed, despite signs of rising inflation and stubbornly high private sector credit growth. The central bank has tightened monetary policy twice since December to fend off selling pressure […]
Thermo Plastics receives Marks and Spencer (UK) ECO Certification
Thermo Plastics (Pvt) Ltd, a leader in apparel packaging in Sri Lanka has once again been recognised for its commitment to the society and environment in which it operates, becoming the world’s first apparel shroud manufacturing plant to obtain Eco-factory accreditation by Marks & Spencer for fulfilling their plan A ECO attributes. As global warming […]
Sri Lanka recall mid income housing projects in Kandy, Galle, and Homagama
Jun 22, 2016 (LBO) – Sri Lanka’s cabinet has decided to recall proposals for housing projects in Kundasale, Homagama, Galle, and Nittambuwa and grant fresh approvals for projects in Panadura and Yakkala, a statement said. “The Steering Committee appointed in this regard has recommended to implement housing projects in Panadura, Homagama (Jalthara Phase II), Yakkala, […]
Guardian Acuity Money Market Fund offers 11.37-pct annualized return
The Guardian Acuity Money Market fund which is more than four years old has returned 48.44% to its investors. This is an annualized return of 11.37%. The fund invests in government securities, fixed deposits and commercial papers and provides for easy withdrawals with no penalties for withdrawals. The Money Market Gilt fund which was launched […]
Sri Lanka to obtain IDA loan for reforms, competitiveness
June 22, 2016 (LBO) – Sri Lanka’s cabinet has approved obtaining a 100 million US dollar loan from the International Development Agency to develop the Sri Lankan economy by implementing reforms under three aspects. Removal of obstacles for the competitiveness in private sector, transparency and improvement of management in public sector, and improvement of the […]
PTL Watch: Bond yields drop, some foreign buying
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Seylan launches 1st digitally assisted customer support channels via WhatsApp and Facebook
June 2016 Colombo: Reinforcing its credentials as a technology-savvy bank focusing on increasing customer convenience and engagement, Seylan Bank demonstrated its customer centric digital preparedness by launching Sri Lanka’s first social media-based customer support channels via WhatsApp and Facebook Messenger. Pre-empting how technology will redefine its relationship with its customers, Seylan Bank’s digital thrust has […]
Sri Lanka Shippers Council commends ICC Transport Guideline
Jun 22, 2016 (LBO) – Sri Lanka Shippers Council, an affiliated body of the Ceylon Chamber of Commerce, welcomes the International Chamber of Commerce Global Guide on transport and the Incoterms 2010 Rules. “This latest guide by the ICC will help strengthen the Gazette Extraordinary 1847/53 issued by the government of Sri Lanka in 2014 […]