Category: Other
Australia supports regenerative agriculture in Sri Lanka
The Australian High Commission is proud to have supported the growth of regenerative agriculture in Sri Lanka through the Direct Aid Program. On 28 January, Second Secretary Nick Burnett and Research Officer Namal Perera visited a project run by the Neo Synthesis Research Centre in Pallama in the Puttlam district, which teaches local farmers about […]
US presidential race kicks off, Ted Cruz wins Iowa Republican caucuses
Feb 02, 2016 (LBO) – Texas Senator Ted Cruz has won the Iowa Republican caucuses defeating controversial figure Donald Trump in the United State’s first presidential contest. Cruz has bagged 28 percent of the Republican vote beating Donald Trump and Marco Rubio. Votes in the Democratic race are still being counted showing a fierce battle […]
Korea Eximbank to provide feasibility study for tunnel in Kandy
The Road Development Authority (RDA) of Sri Lanka and the Export-Import Bank of Korea (Korea Eximbank) will collaborate to explore durable solutions to ease the traffic woes that have plagued Kandy for the past decade. For all the tranquility that the Kandy city offers its residents and tourists alike, its central business district has been […]
Aitken Spence facilitates cruise ship call on all ports in Sri Lanka
For the first time in Sri Lanka a cruise ship has made calls on the four main ports of Sri Lanka. The Luxury Cruise Ship Ms Europa 2 owned by German Operator Hapag-Lloyd Kreuzfahrten called on the 29th, 30th and 31st January 2016 to the Ports of Galle, Colombo, Hambantota respectively and have arrived at […]
Hemas Holdings opens trading at Colombo Stock Exchange
Hemas Holdings PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring companies from the S&P SL20 index. Chairman Mr. Husein Esufally, Group CEO Mr. Steven Enderby and Executive Director/ CFO Mr. Malinga Arsakularatne represented Hemas Holdings […]
Tree of the Year – Sri Lanka competition launched
The Carbon Consulting Company, known for its innovative endeavors in the field of corporate environmental sustainability, launched a groundbreaking initiative to recognize and preserve the increasingly threatened biodiversity habitat across the country. ”The Tree of the Year- Sri Lanka”is a highly ambitious project to identify, record and encourage the preservation of trees that have come […]
Amanté launches e-commerce platform
With the launch of amanté’s e-commerce platform, customers in Sri Lanka and beyond can purchase the premium lingerie brand with minimum hassle. The online portal is designed to suit today’s fast paced lifestyles, where convenience is key. It will enable women, or the men in their lives, to choose lingerie online and have them delivered […]
Uga Escapes, unveils Chena Huts
Uga Escapes consolidated its position in the leisure industry this month by unveiling its newest addition to its range of luxury boutique hotels, Chena Huts, a chic hideaway nestled deep within Yala constructed with an investment of Rs. 800 million. The luxury boutique hotel is located on a seven-acre expanse of land and comprises 14 […]
Warship HMS Defender in Colombo
HMS Defender is paying a routine visit to Colombo to take on stores and fuel before continuing with her duties in the Indian Ocean. This is the first time in four years that a RN warship has visited Sri Lanka, a country with which the United Kingdom shares a long military history. The Ship’s visit […]
Sri Lanka needs more Sinhala, Tamil online content: CPA media Survey
Jan 29, 2016 (LBO) – Sri Lanka’s web usage would increase if more content was available in Sinhala and Tamil, a new media survey by the Centre for Policy Alternatives (CPA) said. If the device that they use to access the web supported Sinhala and/or Tamil fonts, almost 50 percent of the respondents agreed their usage […]
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘BB-. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as SLA’s parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee of principal and interest of the notes provided by […]
Bank of Japan introduces negative interest rate policy
Jan 29, 2016 (LBO) – The Bank of Japan has introduced a negative interest rate policy to achieve a price stability target of 2 percent at the earliest possible time. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan has decided to introduce Quantitative and Qualitative Monetary Easing with […]