Author: lbostgadmin
Sports Minister visits Sri Lanka Cricket
Sri Lanka Cricket wishes to announce that the newly appointed Minister of Sports Hon. Dayasiri Jayasekara visited SLC today. The Minister was welcomed by Vice Presidents of SLC Kushil Gunasekara & Kaplia Wijegunawardene, Secretary of SLC Prakash Schaffter, Nuski Mohamed, Jayananda Warnaweera & Carlton Bernadus – Head of Cricket Operations & Actg. CEO of SLC. […]
Sri Lanka CEB sees USD13 bn investment in power plants over next 20 years
Sep 11, 2015 (LBO) – Sri Lanka’s Ceylon Electricity Board says the total estimated cost to implement the 2015-2034 long-term electricity generation plan is approximately 13 billion US dollars. The generation plan says: “The total investment required for implementing the Base Case Plan 2015-2034 in the next 20 years is approximately USD 12.96 Billion without […]
Sri Lanka stocks close down 0.09-pct
Sep 11, 2015 (LBO) – Sri Lankan stocks closed down 0.09 percent on Friday mainly on concerns of exchange rate and balance of payment issues with some telecom and banking sector stocks showing losses, brokers said. The Colombo benchmark All Share Price Index closed down 6.45 points at 7,153.49 lower 0.09 percent. S&P SL20 closed […]
Japan looks for investment opportunities in Sri Lanka: Finance Minister
Sep 11, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that Japan has showed interest in investing in wide areas of activities in terms of investment and infrastructure development. “They are looking for five different activities, especially in the infrastructure area and the intention that has been displayed by them is phenomenal,” Karunanayake […]
Fitch affirms Citibank Colombo branch at AAA
Sep 11, 2015 (LBO) – Fitch Ratings Lanka has affirmed Citibank Colombo Branch’s National Long-Term Rating at ‘AAA(lka)’ with a stable outlook. KEY RATING DRIVERS NATIONAL RATINGS CitiSL’s rating is the highest on the National Rating scale and reflects the credit profile and financial strength of Citibank, N.A. (A+/Stable). Citibank, N.A.’s rating is higher than Sri […]
Sri Lanka’s foreign affairs deputy Harsha de Silva says “This is where the game is”
Sep 11, 2015 (LBO) – Sri Lanka’s new Deputy Minister of Foreign Affairs Harsha de Silva told Lanka Business Online that discussions are on to develop a foreign policy towards achieving the island’s economic goals through diplomacy, and he is excited about the new task given. “This is a good opportunity,” de Silva said. “We […]
Sri Lanka’s spending on dairy imports up 18-pct in 2014, exports drop 8-pct
Sep 11, 2015 (LBO) – Sri Lanka’s expenditure on dairy and dairy products imports rose by 18 percent from a year earlier to 44 billion rupees during 2014, a new report says. According to a report by the Ceylon Chamber of Commerce, import volumes increased three percent to 71 million kilograms, and the increase in […]
US DOJ issues new guidelines on corporate fraud prosecution
Sept 11, 2015 (LBO) – The U.S. Department of Justice says it would be better off focusing on individuals that commit corporate crimes rather than focus on companies, in new guidelines issued this week.This is a tacit acknowledgment of failure to prosecute individuals following the 2008 financial crisis, the Wall Street Journal reported. New rules […]
Laugfs to set up solar power plant in Hambantota
Sept 11, 2015 (LBO) – Laugfs Holdings Ltd. has acquired two solar panel projects with a plan to set up the largest solar power generator in the island. Laugfs Power, which is a unit of Laugfs Gas PLC, has acquired Anorchi Lanka Ltd, and Irish Eco Power Lanka Ltd, which have rights to build two […]
Iran nuclear deal passes one test, months away from going into effect
Sept 11, 2015 (LBO) – The Iran nuclear agreement passed one test in the U.S. Senate on Thursday, but it is still months away from going into effect, media reports said.Republicans have insisted they will keep blocking it.A Republican disapproval resolution was kept from proceeding in a procedural vote by a count of 58 to […]
Swiss electric sensors manufacturer invests in Sri Lanka
Contrinex is a global manufacturer of inductive and photoelectric sensors, RFID systems and safety light curtains. The company is a technology leader in the field of intelligent sensing and identification solutions for factory automation, including the harshest operating conditions and most extreme space limitations. INTERVIEW OF MRS ANNETTE HEIMLICHER, CEO CONTRINEX AG By Dilip S […]
Graduates and Undergraduates throng to Rajarata University seeking jobs
Over 2000 graduates and final year undergraduates throng to the Rajarata University on Thursday (10th September) to take part in the Careerlead career and entrepreneurship fair, which was organized by the Young Members Forum of the Ceylon Chamber of Commerce.The two day event, which is conducted in collaboration with the career guidance unit of the […]