Author: lbostgadmin
Theresa May to face no confidence vote after parliament voted against Brexit deal
Jan 16, 2019 (LBO) – British Prime Minister Theresa May will face a no-confidence vote after her Brexit deal suffered a heavy defeat in parliament yesterday. After parliament voted 432-202 against the deal marking the worst defeat in modern British history, opposition Labour Party leader Jeremy Corbyn called a vote of no confidence in the […]
Finance Minister meets IMF Managing Director in Washington
Jan 16, 2019 (LBO) – Sri Lankan delegation headed by Finance Minister Mangala Samaraweera has met with Christine Lagarde, Managing Director of the IMF in Washington D.C. yesterday to have discussions on the possibility of resuming the IMF programme in Sri Lanka. The Finance Ministry released a statement saying Minister Samaraweera at the meeting updated the […]
ICE holds Brunel International lecture on its bicentennial celebrations
Engineers need to care more about the world The Institution of Civil Engineers held the Brunel International Lecture in Colombo on 19th November 2018 to coincide with the bi-centennial celebrations of the Institution of Civil Engineers (ICE) and was organized by the Sri Lanka Association of the Institution of Civil Engineers (SLAICE).In 2018 ICE celebrates […]
Advantis Projects marks completion of logistics for Matara-Beliatta Railway Line
Advantis Projects, a subsidiary of Hayleys Advantis Limited, renowned for its expertise in transporting oversized and specialized cargo, marked the successful completion of logistics service provision for the construction of the Matara-Beliatta railway line recently. The company was tasked with managing the end-to-end logistics requirements – from customs clearance to transportation of project cargo to […]
South Pacific Stock Exchange & Colombo Stock Exchange to enhance collaboration
The South Pacific Stock Exchange (SPSE) and the Colombo Stock Exchange (CSE) are pleased to announce the signing of a Memorandum of Understanding (MoU) to establish a collaborative relationship between the two exchanges seeking mutual development opportunities in the Fijian and the Sri Lankan capital markets. A MoU enables the two exchanges to work together […]
Commercial Bank launches Mastercard Send in Sri Lanka
The Commercial Bank of Ceylon has launched Mastercard Send™, the facility that leverages Mastercard’s global payment network and card products, to provide Sri Lankan Mastercard cardholders with a convenient, fast, safe and reliable way to effect cross-border, person-to-person money transfers.The Mastercard Send solution requires receivers in Sri Lanka to only provide the number of their […]
‘s Colombo Port- city dredging completed ; Ready for investors
Jan 14, 2019 (LBO) – Sri Lanka’s proposed Financial City better known as the Port City has now fully completed land reclamation, Ministry of Megapolis and Western Province Development said. The new city will function as a special jurisdiction area with its own economic and commercial laws to facilitate operations of global multinational corporations. The completed […]
Foreign Minister calls on Sri Lankan diplomats to boost islands image through diplomacy
Jan 14, 2019 (LBO) – Foreign Minister Tilak Marapana has called on Sri Lankan diplomats to boost the image of the country overseas through efficient and effective execution of public diplomacy, utilizing its intrinsic brands such as Buddhism, gems, tea, spices, high-end export products and the warmth of traditional Sri Lankan hospitality. The Minister stressed the […]
‘s CSCEC named as contractors for TRI-ZEN
Jan 14, 2019 (LBO) – Sri Lanka’s Braybrooke Residential Towers (Pvt) Ltd announced that it had appointed China State Construction Engineering Corporation Ltd (CSCEC) as the contractor for its residential project TRI-ZEN. The culmination of an ambitious joint venture between John Keells Holdings PLC and Indra Traders, the TRI-ZEN project aims to establish a vibrant […]
Sri Lanka Govt., IMF talks to start
Jan 14, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera led delegation arrived in Washington, Sunday for talks with the International Monetary Fund (IMF). In a twitter message the Finance Minister said that he plans to put the US 1.5 billion dollar Extended Fund Facility (EFF) program back on track. “Arrived in DC with @MangalaLK […]
‘s capital markets continues in 2019
January 12, 2019 (LBO) – Foreign institutional selling out of Sri Lanka’s bond and stock markets continued at a brisk pace in the first two weeks to start 2019. After the crippling USbn of net outflows from Sri Lanka’s bond and stock markets in 2018, 2019 has seen Rs11bn net outflows from stocks and bonds […]
ComBank introduces online and mobile banking registration via ATMs
(PRESS RELEASE) – The Commercial Bank of Ceylon has enabled its entire network of ATMs and CRMs for customers to conveniently register for Online and Mobile Banking facilities 24/7. To commence using Commercial Bank’s Online and Mobile banking facilities, customers simply need to go to an ATM with a valid ATM card and PIN, select […]