Category: Other
‘s UN Ambassador, speculation she will challenge him for the Presidency
October 9, 2018 (LBO) – United States Ambassador to the United Nations Nikki Haley has resigned according to media reports. Haley (46) is a high profile American political leader of Indian descent. Haley was the Governor of southern state South Carolina before she resigned to take up the position of US Ambassador to the UN. […]
” rating; outlook stable
Fitch Ratings Lanka Limited has assigned Dialog Finance PLC (DF) a National Long-Term Rating of ‘AA(lka)’. The Outlook is Stable. KEY RATING DRIVERS NATIONAL RATINGS DF’s rating reflects Fitch’s view that support would be forthcoming from Dialog Axiata PLC (Dialog), the largest mobile-telecommunication and pay-TV operator in Sri Lanka. The assessment is based on Dialog’s 98.9% […]
IMF cuts global growth forecast to 3.7-pct for 2018, 2019
Oct 09, 2018 (LBO) – International Monetary Fund has reduced its outlook for global GDP growth by 0.2 percentage points to 3.7 percent for 2018 and 2019, according to the quarterly World Economic Outlook Report issued on Monday. Rising trade tensions and debt levels in economies has prompted the International Monetary Fund to cut its […]
Indian automobile manufacturers meet CMTA; 70% of new vehicles from India
A twenty-member delegation from the Society of Indian Automobile Manufacturers’ (SIAM) held a very fruitful and cordial meeting with The Ceylon Motor Traders’ Association (CMTA) last week. SIAM is the apex Industry body representing leading vehicle and vehicular engine manufacturers in India while the CMTA represents the manufacturers of the global brands of automobiles and […]
Palm Oil industry rejects vilification of crop as “baseless and unscientific”
Oct 08, 2018 (LBO) – The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely unjustifiable, given that the extent of land under oil palm is just 1.1 per cent of the extent under traditional crops – tea, rubber and coconut, an industry body […]
‘s exports to South Asia Region: WB
Oct 08, 2018 (LBO) – If trade barriers are overcome, trade within South Asia can increase three-fold, from 23 billion US dollars to 67 billion US dollars, suggests a World Bank report. “Sri Lanka has the potential to more than double its exports to South Asia,” the new ‘A Glass Half Full: The Promise of […]
Subsidiary of Ambeon Holdings, Dankotuwa Porcelain re-introduces Laklain locally
Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware, recently re-introduced its value-for-money heritage brand Laklain to the local market. Now available with several new offerings that feature a similar high-quality standard to the more upmarket Dankotuwa Porcelain brand, Laklain is marketed at a more affordable price point with easy customer accessibility. Laklain […]
Former AG and Constitutional Council member Shibly Aziz no more
October 8, 2018 (LBO) – President’s Counsel Shibly Aziz has passed away. Sections of his biography from Wikipedia reproduced below: Mohamed Shibly Aziz is a well-known and eminent President’s Counsel in Sri Lanka who has contributed extensively to the development of the legal system in the country from on or about 1968. He is the […]
‘s Minister for Asia Pacific in Sri Lanka
October 6, 2018 (LBO) – Mark Field, Minister of State for Asia and the Pacific, arrived in Sri Lanka yesterday for a visit that will include meetings with government and opposition figures, civil society and trade organisations.The Minister will hold discussions with government representatives including President Maithripala Sirisena and Minister of Foreign Affairs Tilak Marapana. […]
Ascot Holdings launches as Lanka Reality Investments PLC
(PRESS RELEASE) – The Board of the company is pleased to announce the launch of Lanka Reality Investments PLC (formerly known as Ascot Holdings PLC). The name change captures the company’s core vision; to become the foremost listed real estate investment and development company in Sri Lanka attracting overseas investors merged with the local retail […]
Vice President of OPIC visits Sri Lanka; aims to counter debt-trap investments
Oct 05, 2018 (LBO) – Executive Vice President of OPIC, David Bohigian and other US government officials visited Sri Lanka from October 3 to 5 with the aim to promote US investment in the region and strengthened cooperation with regional allies to drive economic growth and stability.Overseas Private Investment Corporation (OPIC) is the US government’s development finance institution.The […]
Sri Lanka tea prices marginally up in Sept 2018
Oct 04, 2018 (LBO) – Auction average for the month of September 2018 totalled Rs.537.77 compared to Rs.534.02 of August 2018 showing a marginal increase of Rs.03.75 month on month, a new report said. “However in comparison to September 2017 average of Rs.635.40 it shows a substantial decrease of Rs.97.63,” Forbes & Walker Tea Brokers said […]