Author: lbostgadmin
Sri Lanka targets USD5 bn FDI in next three years, Malik to visit China
Jan 18, 2016 (LBO) – Sri Lanka is targeting five billion US dollars worth of foreign direct investments (FDI) in the next three years, Minister of Development Strategies and International Trade said. “We are targeting 5-6 billion US dollars in FDI the next three and I am quite optimistic that we will get there,” Malik […]
” makes maiden visit to Hambantota Port
K ‘Line car carrier with a load of vehicles from Japan called at the Port of Hambantota recently. The vessel M/V ‘HYPERION HIGHWAY’ with an LOA of 199.5M and a cargo capacity of 7,700 units, discharged 523 units from Japan for domestic use. A plaque exchange ceremony was also organized on board between Sri Lanka […]
Aitken Spence partners SriLankan to promote Sri Lanka across India
Aitken Spence Travels, Turyaa Kalutara and SriLankan Holidays have joined hands to launch a promotional campaign across several cities in India to attract more tourists to Sri Lanka. The campaign will consist of cinema and TV advertising, as well as presentations to key agents covering all the main cities. Aitken Spence Travels is the largest […]
Tony Weerasinghe launches online retail brokerage Ustocktrade
Jan 18, 2015 (LBO) – Tony Weerasinghe a founder of software company MilleniumIT has launched a low-cost U.S. online retail brokerage, Ustocktrade. Ustocktrade, which generates revenue from a one-dollar-a-month membership fee and a one-dollar-per-trade fee, aims to “bring Wall Street to Main Street” Weerasinghe said. Part of the firm’s goal is to encourage non-traditional investors, […]
US, EU lift certain sanctions on Iran after IAEA report
Jan 17, 2016 (LBO) – The United States and European Union have officially lifted certain sanctions against Iran after the UN nuclear watchdog released a statement saying Iran has fulfilled necessary steps to start the implementation of the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program. The report has been submitted to the International Atomic Energy Agency […]
Sri Lanka stocks down 1.9-pct; 18 month low
Jan 18, 2016 (LBO) – Sri Lankan stocks closed down 1.89 percent following the negativity in regional markets and local economic concerns with losses in financial sector stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 121.59 points at 6,324.61 down 1.89 percent. S&P SL20 closed 60.08 points down at 3,280.05 down […]
Internet Explorer terminates support for older versions
Jan 16, 2016 (LBO) – Microsoft’s built-in search tool ‘Internet Explorer’ has discontinued its support for older versions of explorer from January 12, 2016. “End of support means there will be no more security updates, non-security updates, free or paid assisted support options, or online technical content updates.” Microsoft said. As per Microsoft, only the […]
UN Resident Coordinator calls on President
The UN Resident Coordinator and UNDP Resident Representative in Sri Lanka, Subinay Nandy, concluded his assignment in Sri Lanka on 14 January 2016, after a 4 year and 8 month term. Last evening, Nandy called on His Excellency President Maithripala Sirisena for an exit meeting. President Sirisena noting key priorities of the Government, reiterated the […]
ICC World Twenty20 trophy to be showcased in Sri Lanka tomorrow
The ICC World Twenty20 India 2016 trophy will touch down on Sri Lankan shores on 16th January for a three-day stop en route to its global journey spanning 12 countries. The trophy travels through all T20 playing nations, before it returns to India, where the tournament gets underway from 8th March to 3rd April 2016. […]
Sri Lanka condemns terrorist attack in Jakarta
Sri Lanka strongly condemns the terrorist attack which took place in Jakarta today morning, 14th January 2016. The Government of Sri Lanka extends Condolences to the families of the victims who died in the incident. Sri Lanka reiterates its strong commitment to work with the international community including Indonesia to eradicate the scourge of terrorism […]
Sri Lanka’s reconciliation process key to its economic success: UK Minister
Jan 14, 2016 (LBO) – Sri Lanka commitment to reconciliation will be a driver of its future economic development, a visiting Minister said. “It is reconciliation that will, I believe, be the bedrock on which Sri Lanka’s future economic success will be built,” Hugo Swire, Minister of State at the Foreign and Commonwealth Office in […]
Transport ministry calls local bids to repair railway coaches
Jan 14, 2016 (LBO) – Sri Lanka’s Cabinet has decided to call competitive bids from local industrialists to undertake heavy repairs of railway passenger coaches. As per the Railways Department, around 450 carriages are required to provide transport services and these carriages must undergo heavy repair every two years. Though it is being done in […]