Author: lbostgadmin
Sri Lanka’s Human Rights report findings are serious in nature: UN Rights Chief
Sep 14, 2015 (LBO) – Findings of the Sri Lanka’s Human Rights report which will be released on Wedenesday are of the most serious nature, UN High Commissioner for Human Rights Prince Zeid said. Speaking at the opening session of the 30th UN Human Rights Council session a short while ago Prince Zeid said he […]
‘l Trade Minister
Sep 14, 2015 (LBO) – Sri Lanka will not discuss or sign the Comprehensive Economic Partnership Agreement, during the prime minister’s official visit to India, Development Strategies and International Trade Minister Malik Samarawickrama said in a statement. Commenting further on CEPA Samarawickrama says: “Entering into trade agreements with other countries is not far-fetched considering the […]
ICRA Lanka assigns A-(Stable) rating to First Capital Treasuries
Sep 14, 2015 (LBO) – ICRA Lanka has assigned the Issuer rating of [SL] A- with stable outlook to First Capital Treasuries Limited. The rating agency has also assigned the [SL] BBB+ rating with stable outlook to the 500 million rupees Subordinated Unsecured redeemable Debenture programme of the company. The full text of the rating; […]
CEB includes nuclear power in generation plan
Sept 14, 2015 (LBO) – Sri Lanka’s Ceylon Electricity Board has included a 600 megawatt nuclear power plant as an option for power generation from 2030 onwards, in its long-term generation plan, now open for public discussion.“From a technical point of view, the capacity of the present system is considerably small to accommodate a nuclear […]
Asian stocks mixed amid new Chinese data and Fed uncertainty
Sep 14, 2015 (LBO) – Asian stocks were showed mixed sentiment in cautious trade on Monday, according to foreign media reports as investors grew cautious over new Chinese data released Sunday and an expected Federal Reserve’s policy meeting later this week. Japan shares fell and Chinese markets wavered Monday, after economic data over the weekend […]
‘s rate decision
Sept 14, 2015 (LBO) – U.S. analysts are deeply divided on whether the Fed should increase rates on September 17, it’s first rate hike in nearly a decade. Some believe a hike will be a major blunder slowing down an already vulnerable global economy, while others say the expansion is healthy enough and a cycle […]
Prime Minister commences three-day official visit to India
Sept 14, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe will begin a three-day visit to India on Monday, his first international visit after taking office as prime minister.Wickremesinghe is expected to meet Prime Minister Narendra Modi, External Affairs Minister Sushma Swaraj and President Pranab Mukherjee. The visit signifies the new government’s wish that […]
Hayleys employees benefit from share trust dissolution
Sept 13, 2015 (LBO) – Employees of Hayleys PLC will benefit from the dissolution of its Employees’ Share Trust and hold shares worth around a billion rupees, an official said.The trust was set up to fight a takeover bid by the Carsons Group, and according to the company, was allotted 2.4 million ordinary shares of […]
Gas not included in Sri Lanka’s power generation plan
Sep 12, 2015 (LBO) – Gas found in the Mannar basin has not been included in Sri Lanka’s long-term power generation plans as discovery of the natural gas resources is still at very early stages, a Ceylon Electricity Board report says. The gas quantities have not been quantified with reasonable accuracy, the report adds, even […]
USAID Project Garners Prestigious International Energy Award
Lanka Rain Water Harvesting Forum (LRWHF) this week received the prestigious 2015 Energy Globe National Award to celebrate its work on energy efficiency, renewable energy, and resource conservation initiatives. The project was supported by the United States Agency for International Development (USAID), and USAID Mission Director Elisabeth Kvitashvili and former Minister for Water and Drainage […]
Sri Lanka Pakistan Trade and Investment Forum 2015
At a panel discussion held during the Sri Lanka Pakistan Trade and Investment Forum organized by the Federation of Chamber of Commerce of Sri Lanka (FCCSL) BOI Chairman Upul Jayasuriya briefed Pakistani entrepreneurs on the new attractive investment climate of Sri Lanka. Jayasuriya spoke of the very close relations between the two countries. Pakistan had […]
CA Sri Lanka creates new record inducting 544 new Chartered Accountants
In a renewed boost to the country’s prestigious accounting profession, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) created an all-time new record by inducting 544 new Associate Chartered Accountants (ACAs) at the 2015 Convocation. The convocation was held under the patronage of Mr.Ajith E Tudawe, Chairman of Ceylon Hospitals PLC (Durdans […]