Author: lbostgadmin
‘s next High Commissioner to Sri Lanka
Today I announce the appointment of Bryce Hutchesson as Australia’s next High Commissioner to Sri Lanka.Mr Hutchesson will also have non-resident accreditation to the Maldives. Australia has a close and long-standing bilateral relationship with Sri Lanka, underpinned by growing trade and investment ties and extensive people-to-people links. Two-way trade in 2014 was 0 million and […]
Sri Lanka Treasury bill yields down; 6-month yield down 37 bps
Nov 18, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down on Wednesday’s auction with the 6-month yield dropping 37 basis points to 6.50 percent, data from the state debt office showed.12-month Treasury bill yields were down by one basis point to close at 6.93 percent and the three month bills were not offered […]
Sri Lanka corporates hope for business friendly budget
Nov 18, 2015 (LBO) – Sri Lanka’s business community is looking foward to budget proposals that support the rapidly changing dynamics of the economy and address the budget deficit, private sector officials said.Restructuring the state sector is a key priority that should be addressed, although this requires decisive action by administrators, rather than budget proposals […]
Sri Lanka can better harness its potential for bio-gas and renewable energy technology
Nov 18, 2015 – Bio-gas can be used in Sri Lanka as a cheaper and cleaner renewable energy alternative to petroleum-based fuels, EU SWITCH-Asia, an European Union program that supports clean energy consumption and production said.“Asia is the centre of domestic biogas development with close to 50 million operational units installed,” the initiative said in a […]
Sri Lanka stocks close higher 0.06-pct: Budget concerns
Nov 18, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent on Wednesday with low turnover and volumes as investors kept on the side lines ahead of Friday’s government budget, brokers said. The Colombo benchmark All Share Price Index closed up 4.02 points at 6,981.97 higher 0.06 percent. S&P SL20 closed 3.95 points […]
Asian Alliance gets Asia Insurance ‘Innovation of the year’ award
press release 11th November 2015: Emphatically reiterating its status as Sri Lanka’s most innovative insurer as well as a regional leader in innovation in the insurance industry, Asian Alliance Insurance PLC clinched the prestigious ‘Innovation of the year’ award at the 2015 edition of the coveted Asian Insurance Awards, the region’s only awards ceremony of […]
‘A Dollar A Kilo’ SriLankan Cargo introduces new air freight service
SriLankan Cargo will revolutionize air freight to Colombo from seven cities in the Middle East with the launch of its ‘A Dollar A Kilo!’ service this month. The new service has been especially designed to cater to the needs of Sri Lanka’s migrant workforce in the Middle East, who often send gifts, baggage and other […]
PTL Watch: Buying interest in short tenor and long tenor bonds
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Range Rover unveils Evoque convertible
Land Rover has unveiled the world’s first luxury compact SUV convertible. Range Rover Evoque Convertible combines the bold design and refinement of Evoque with comprehensive specification and a sophisticated folding roof to create a no compromise, all-season convertible. The ground breaking and distinctive shape of the original Range Rover Evoque lends itself to an elegant […]
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]
