Category: Other
China Forex reserves posts record quarterly drop
Oct 07, 2015 (LBO) – China’s foreign exchange reserves has posted a record drop in September quarter after its central bank intervened into the market to stabilize the yuan. Its foreign exchange reserves have fallen to 3.51 trillion US dollars at the end of September, People’s Bank of China said. The reserves decreased by 43.26 billion […]
Microsoft unveils its first ever laptop, Surface Book
Oct 07, 2015 (LBO) – Microsoft today unveiled its first ever laptop, the Surface Book as part of its new product package designed especially for windows 10. Surface Book is a powerful laptop combining a 6th Gen Intel Core i5 or i7 processor with up to 16GB of memory and an optional discrete graphics chip. […]
Tell us about your industry!
Tell us about your industry! You can email us at lbonews@gmail.com. We would like to hear about your experiences whether it is in tea planting, rules of taxation, or papaya exports. What regulations affect ease of doing business? We can channel your complaints to the relevant authority.Tell us if you do not wish to disclose […]
Embark opens mini concept store at BIA
Visitors to Sri Lanka as well as Sri Lankans travelling overseas can now support the country’s brand with a cause and live the passion prior to departure, following the opening of an independent Embark store at the Bandaranaike International Airport (BIA) Katunayake. Hot on the heels of the opening of the first independent Embark store […]
‘s ratings after merger
Oct 07, 2015 (LBO) – Fitch Ratings has withdrawn DFCC Vardhana Bank (DVB) National Long-Term Rating of ‘AA-(lka)’ with Stable Outlook, a statement said. “At the same time, Fitch has also withdrawn the ‘AA-(lka)’ rating on DVB’s Basel II-compliant senior debentures and the ‘A+(lka)’ rating on its Basel II-compliant subordinated debentures,” it said. Full statement is attached: […]
Volkswagen to start emission scandal recalls in Jan
Oct 07, 2015 (LBO) – German auto manufacturer Volkswagen says they will start to recall cars affected by its emissions scandal in January, foreign media reports said. New chief executive of Volkswagen Matthias Mueller told German media that all affected cars will be fixed by the end of 2016. According to the media report, Volkswagen has […]
CSE Star Performers 2015 awards
The Colombo Stock Exchange held its staff award ceremony on the 12th of September titled “CSE Star Performers”.“We compete with ourselves to be better at what we do; therefore it’s of utmost importance for us to encourage our high performers and innovators this way” said the Chairman Mr. Vajira Kulathilaka who was the Chief Guest […]
‘s Leasing senior debt gets “AA-(lka)” rating: Fitch
Oct 07, 2015 (LBO) – Sri Lanka’s People’s Leasing and Finance Company has been assigned a B+/AA-(lka) rating for it’s proposed senior unsecured debentures of up to 6 billion rupees with a stable out look, Fitch Ratings said in a statement. The final National Long-Term Rating is ‘AA-(lka)’, the statement said. The full rating report […]
”
The second annual ‘Chamber Cricket Championship 2015,’ organized by the Ceylon Chamber of Commerce will be held on the 10th October, 2015 at the Colombo Colts Cricket Club, with the participation of 36 teams. The six-a-side tournament, which was initially held during the year 2014 primarily aims to attract teams representing the local corporate sector. […]
Sri Lanka’s growth to increase to 5.6-pct in 2016: World Bank
Oct 05, 2015 (LBO) – Sri Lanka’s growth is expected to increase to 5.6 percent in 2016 with the increase in state sector workers and disposable income, a World Bank report said. “In Sri Lanka growth is expected increase to 5.6 percent due to higher public sector wages and higher disposable incomes,” the report said. […]
HSBC, CCC and IUCN to improve Knuckles conservation forest
Guided by the Forest Department, HSBC together with the Sri Lanka Business and Biodiversity Platform of the Ceylon Chamber of Commerce (CCC) and IUCN will begin working together on conserving and improving the mini watershed area of the Puwakpitiya Oya in the Knuckles Conservation Forest and Environmental Protection Area. This collaborative effort aims to enhance […]
LAHES partners with ATMC to provide Australian Qualifications
LAUGFS Higher Education Services (Pvt) Ltd (LAHES) has recently partnered with the prestigious Australian Technical & Management College (ATMC), offering recognized Australian undergraduate programs in the Business Management, Hospitality Management and Electronics & Telecommunications fields to students in Sri Lanka. The programs are specially designed for students who successfully complete the GCE “A” Level and […]