Author: lbostgadmin
‘s Krrish Group’s controversial Colombo project to recommence: BOI
Jan 19, 2016 (LBO) – Sri Lanka’s government is planning to sign a new agreement with India’s Krrish Group to restart its long delayed and controversial project in Colombo, a senior official said. “We are negotiating with Krrish and hope to finalize a new agreement very soon,” Duminda Ariyasinghe, Director General of Sri Lanka’s Board […]
LBR LBO Infrastructure Summit 2015 – Session 01
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
Validity of new constitution would not expire in 5 yrs: Arjuna
The Minster of Ports and Shipping Arjuna Rantunga charged that the power and the validity of the new constitution would not be expired in five years but remain valid for next thirty to forty years. Addressing the public at in Weyangoda last Saturday (16) Minister said that the significant task before the society and the […]
130 Commercial Bank branches converted for disabled access
The Commercial Bank of Ceylon has announced that an on-going initiative to make its branches island wide accessible to differently abled customers has passed the half way mark. The Bank said it has completed the construction of wheel chair ramps at 130 branches, facilitating disabled access to customer areas and automated teller machines (ATMs) under […]
LBR LBO Infrastructure Summit 2015 – Session 01
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
Sir Ponnambalam Arunachalam Remembered
The death anniversary of Sri Lanka’s distinguished statesman and scholar Sir Ponnambalam Arunachalam was commemorated on January 9th with a garlanding of his statue opposite the Presidential Secretariat. The chief guest was Minister of Tourism Development and Christian Religious Affairs John Amaratunga. The guest of honor was Minister of Prison Reforms, Rehabilitation, Resettlement and Hindu […]
Prime Minister to attend World Economic Forum
Jan 18, 2016 (LBO) – Prime Minister Ranil Wickremesinghe is due to leave Sri Lanka on 19th January 2016 for the World Economic Forum that will be held in Davos-klosters, Switzerland from 20th to the 23rd January 2016. This is the first time Sri Lanka has been invited to participate in the World Economic Forum. […]
Interview: Controlled tea liberalization possible, says Tea Board Chief
Jan 18, 2016 (LBO) – Better marketing and branding of Sri Lankan teas overseas, together with the potential for liberalising the industry, were just some of the issues discussed with Rohan Pethiyagoda, the newly inducted Chairman of the Sri Lankan Tea Board, in an interview with the Oxford Business Group. Tea export volumes out of […]
Sri Lanka Telco outlook improves with new budget: Fitch
Jan 18, 2016 (LBO) – Fitch Ratings has revised the outlook on Sri Lanka’s telco sector to stable from negative as the new budget, introduced in December 2015, has scrapped the recurring taxes which could have diluted the industry’s EBITDA margin by an average of 6 – 7 percent. “We believe that Sri Lanka Telecom’s and […]
PTL Watch: Liquid long-term bond yields drop
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Mahinda Rajapaksa stresses abolishing executive presidential system
Jan 18, 2016 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa has expressed his views on the proposed constitutional change at the Abeyarama Temple in Narahenpita yesterday. Rajapaksa has identified abolishing the executive presidential system and electoral reforms as key areas to be included in the new constitution though he acted contrary to that in […]
” in March
The Ceylon Chamber of Commerce, the country’s premier business Chamber is planning hold an International Investor Forum during the month of March 2016, in order to help the country attract much needed Foreign Direct Investments to drive growth. Titled ‘Sri Lanka Investment & Business Conclave 2016’, the event plans to attract potential investors from across […]