Author: lbostgadmin
Embark’s new Christmas concept – product range a call to ‘Love the Fashion, Feel the Passion’
This season, Embark, the unique fashion label with a cause, has promised ‘a shopping experience from the heart’ with a refreshingly sincere Christmas campaign involving its people, and a product range that reflects the compassion and commitment that the programme is all about.Faces from Embark’s very own team, along with passionate individuals who are committed to make a […]
Oman Air celebrates six years of successful operations in Sri Lanka
The national airline of the Sultanate of Oman, Oman Air recently celebrated six years of successful operations in Sri Lanka. Over the years, Oman Air has experienced momentous growth in Sri Lanka and has gained a reputation for offering affordable flights, a luxurious travel experience and world-class standards of service. Commenting on the occasion, Gihan […]
IMF includes Yuan in reserve currency basket
Dec 01, 2015 (LBO) – The International Monetary Fund has included the Chinese yuan as a fifth currency in their basket of currencies that make up the Special Drawing Rights (SDR). Effective from October 1, 2016 the Chinese Yuan is determined to be a freely usable currency along with the US dollar, the euro, the […]
Narendra Modi launches international solar alliance at COP 21
Dec 01, 2015 (LBO) – India’s prime minister Narendra Modi has launched an international solar alliance of over 120 countries at the Paris COP21 climate summit. The conference of world leaders with over 25,000 official delegates is seen as historic and aims to clinch a deal on greenhouse gas emissions. “India has emerged as the […]
Single party owns 95 pct of govt securities available to foreign investors
Dec 01, 2015 (LBO) – A single foreign party owns 95 percent of Sri Lanka’s government securities available to foreign investors, raising questions about risk-management practices of the Central Bank.Funds of Franklin Templeton held around 290 billion rupees in government securities, out of 304 billion rupees of securities available to foreign investors, according to published […]
Sri Lanka’s clothing industry looks to improve competitiveness: OBG
Dec 01, 2015 (LBO) – With an eye on the target of reaching 8.5bn dollars worth of clothing exports per annum by 2020, Sri Lanka’s apparel manufacturers are backing a national bid to regain preferential trade concessions from the EU, a report by the Oxford Business Group said. Sri Lanka has carved a niche as […]
Sri Lanka’s CIC sells Chemifix trademark for Rs345mn
Nov 30, 2015 (LBO) – Sri Lanka’s CIC Holdings, who have investments from agriculture to paints said it has sold its Chemifix trademark and other brands associated with its adhesives business along with technical and commercial knowhow to Pidilite Lanka (Pvt) Ltd for 345 million rupees. In a stock exchange filling the company said that they […]
Sri Lanka stocks close down 0.75-pct: Near eight month low
Nov 30, 2015 (LBO) – Sri Lankan stocks closed down at 0.75 percent on Monday for a fourth consecutive day, recording the highest intra-day drop since September and closed at nearly eight month low, brokers said. The Colombo benchmark All Share Price Index closed down 52.26 points at 6,909.15 down 0.75 percent. S&P SL20 closed […]
Colombo inflation accelerates to 3.1-pct in November
Nov 30, 2015 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 3.1 percent in November 2015 from a year earlier, up from 1.7 percent in October with the inflation index rising 1.4 percent in the month, the state statistics office said. Year on year inflation of Food Group has increased from 2.7 percent […]
Huawei G7 Plus debuts in Sri Lanka
Huawei, the fastest growing smartphone in Sri Lanka, unveiled the Huawei G7 Plus the latest 4G device which was globally launched in the beginning of November 2015. The launch ceremony was held at the Singer Lifestyle Exhibition at BMICH and was patronized by Shunli Wang – CEO Huawei Sri Lanka and Henry Liu – Country […]
Janashakthi Pioneers Unique Policy Tailored for People with HIV
In a breakthrough move in the life insurance sector, Janashakthi Insurance has extended life cover to those diagnosed with HIV.This is a unique new policy that will change the lives of many people and give them peace of mind. Over 3300 people were living with HIV by the end of 2014, according to estimated data […]
Sri Lanka’s Nawaloka Holdings enters the FMCG sector
Nov 30,2015 (LBO) – Nawaloka Holdings, a diversified conglomerate in Sri Lanka, entered the FMCG sector through its recent acquisition of East West Marketing (EWM), the company said in a statement. “Nawaloka has always been associated with quality. We have proven this over and over again in the past 70 years. And with the recent […]