Author: lbostgadmin
Sri Lanka Nurses’ Union insists immediate action to stop A H1N1 turns epidemic
June 22, 2015 (LBO) – All Ceylon Nurses’ Union has called on the health ministry to sketch a speedy programme to curb A H1N1 virus before turning it into an epidemic in Sri Lanka.As per the Union, by last week, over 25 people severely affected with the virus have died.“Most of them between the ages […]
Fairway Holdings to invest USD10.3 mn in mid-income apartment project
June 22, 2015 (LBO) – Sri Lanka’s Fairway Holdings, a luxury high-rise developer says that they will be venturing into a 10.3 million US dollar mid-income apartment project. “We have recognized that there is a need for mid-income apartments in the country,” Shivanka De Zoysa, Chief Operating Officer, Fairway Holdings said. “So with this in […]
Sri Lanka to develop national transmission network with USD200mn Japanese loan
June 20, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera and his Japanese counterpart Fumio Kishida on Friday signed an agreement for a project to develop the national transmission and distribution network in the island.The project with a value of 200 million US dollars is to be granted under the 45th Yen Loan Package, […]
Sri Lanka International University Romp 2015 “Strangers”
The Sri Lanka International University Romp-2015 organized by the Department of Marketing Management of university of Sri Jayewardenepura in collaboration with Sri Lanka Tourism Promotion Bureau was held on 11th and 12th June within the city limits of Colombo and Kithulgala. On 11th June the opening ceremony of SLIUR-2015 was commenced at the University premises […]
Foreign Minister meets Japan Sri Lanka Parliamentary League
June 19, 2015 (LBO) – Sri Lanka’s Foreign Minister on Friday has participated a breakfast reception hosted by the President and members of Japan – Sri Lanka Parliamentary League, the Foreign Ministry said.President of Japan – Sri Lanka Parliamentary League Masahiko Komura, the Vice President of the ruling party, Secretary General Yuko Obuchi and many […]
Mahinda Rajapaksa is afraid of me: Ravi Karunanayake
June 19, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says former President Mahinda Rajapaksa is afraid of him and evading the debate against him.“I see that Mahinda Rajapaksa is afraid, inexpert and doesn’t want to attend this debate,” Karunanayake charged.“Since Mahinda Rajapaksa is not coming, I’ll debate with Bandula on next Tuesday and […]
Sri Lanka stocks close down 0.4-pct : Telcos make losses
Jun 19, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.41 percent following two consecutive days of gains with telecom and some index heavy stocks recording losses, Friday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 29.00 points lower at 7,035.15 down 0.41 percent. The S&P SL20 closed 18.05 points lower […]
Sri Lanka’s Hayleys and UNDP to promote seaweed farming in North
Jun 19, 2015 (LBO) – Sri Lanka’s Hayleys Aquagri, a subsidiary of Hayleys Group with the United Nations Development Programme (UNDP) said they would support to expand seaweed farming in select islands in the Islands Jaffna District, a statement said. Joern Soerensen, UNDP Country Director and Hayleys Agriculture Holdings, Managing Director and Executive Director of […]
Tokyo Cement to produce manufactured sand through JV
June 19, 2015 (LBO) – Sri Lanka’s Tokyo Cement is to invest in a joint venture to produce high quality manufactured sand and aggregates for concrete, the company said in a stock exchange filing.A subsidiary will be incorporated for this purpose by the name of Tokyo Super Aggregate Limited with 51 percent equity participation by […]
Sri Lanka’s EDB to tap Canadian market through increased connectivity
June 19, 2015 (LBO) – Sri Lanka’s Export Development Board (EDB) has partnered with the Trade Facilitation Office of Canada to enhance EDB’s capacity to assist small and medium sized exporters.The Canadian market access and capacity building services program includes Canadian market familiarization tours, market entry study and training programs, the Canadian High Commission said […]
SMEs to drive banking loan growth going forward: Asia Securities
June 19, 2015 (LBO) – Sri Lanka Asia Securities says that small and medium enterprises (SME) will drive banking loan growth going forward. “The SME sector is expected to drive the economic growth going forward,” Asia Securities says in a recently launched banking report titled ‘Banks: An Evolving Story of Elephants and Cheetahs’. Banking Loan […]
A Maldivian company to build luxury hotel in Sri Lanka with an investment of USD 3mn
June 19, 2015 (LBO) – The Board of Investment of Sri Lanka granted approval for an investment of 3 million US dollars of Alpha Kinam Holdings Lanka, a Maldivian company to set up a hotel in Matale, Sri Lanka.The Nichila Oya Resort and Spa hotel which expected to complete within two years’ time period, will […]