Category: Other
India receives USD20bn FDI from 12 countries in 2014-15 including Sri Lanka
Aug 07, 2015 (LBO) – India has received 19.78 billion US dollars worth foreign direct investment from 12 countries visited by Prime Minister Narendra Modi. Indian Commerce and Industry Minister Nirmala Sitharaman has informed Parliament that during the period, Indian companies have invested only 3.42 billion US dollars in these 12 countries. These countries include […]
SriLankan Aviation College partners with Mobitel for mLearning platform
(SriLankan Media Release) – National Carrier’s integrated training arm, SriLankan Aviation College, joined hands with the National Mobile Service Provider, Mobitel to introduce the electronic learning platform, mLearning for the education and training requirements of the college. mLearning allows simultaneous lecture delivery via several multimedia modes such as PowerPoint, Instant Messaging Word, Video, Audio and […]
BOI contributes ‘Doing Business in Sri Lanka’ forum in Singapore
(BOI Media Release) – The Board of Investment of Sri Lanka in collaboration with Ceylon Chamber of Commerce participated at the Forum titled “Doing Business in Sri Lanka – Development Potential and Opportunities” held at the office of the Singapore Business Federation. At this Forum Mr. Upul Jayasuriya, Chairman of Board of Investment of Sri […]
JDS Scholars leave for Japan
(Japanese Embassy Press Release) – The Government of Japan has finalized 15 prospective public sector officials for the 2nd batch of the second phase under its Japanese Grant Aid for Human Resources Development Scholarship (JDS) Program and the Fellows are now ready to leave for Japan to pursue 2 – years academic programmes which will […]
CBL honours excellence at Distributor Convention and Sales Star Awards
(News Release) – Ceylon Biscuits Limited (CBL), Sri Lanka’s largest local food and confectionery conglomerates in Sri Lanka recently concluded its 2014/15 Annual Distributor Convention and Sales Star Awards Ceremony, at the Sri Lanka Exhibition & Convention Centre, Colombo. The objective of this annual event was to evaluate and appreciate the contribution of the Company’s […]
America’s Greece in the making, Puerto Rico defaults another bond payment
Aug 06, 2015 (LBO) – One of the unincorporated territories of the United States, Puerto Rico, is to default another bond payment due on September 01 after the government defaulted its first bond payment in their history on Monday.The second default is a payment of 92 million US dollars a month into a general obligation […]
India allows watching internet sex after widespread criticism over ‘moral policing’
Aug 06, 2015 (LBO) – India has lifted its ban on 857 websites that host adult or pornographic content after the move was severely criticized as a Talibani type decision.The government reversed the decision it took few days ago, ordering Internet Service Providers to only block access to sites that contain ‘child pornographic content’ allowing […]
Commercial Bank launches low cost insurance for micro borrowers
(News Release) – A low cost insurance scheme that will protect micro borrowers has been launched by Commercial Bank of Ceylon in association with two insurance companies, Ceylinco Insurance and BIMA. The policy will cover the borrowers against accidental death or permanent disability, compensate for loss of income due to hospitalisation and also contribute towards funeral […]
Asian shares continue to fall on fears of US interest rate rise
Aug 05, 2015 (LBO) – Asian shares dipped on Wednesday as investors saw signs of US interest rate rise as early as next month, foreign media reports said.The shift to higher rates in the US has been resulted in the withdrawal of funds from emerging markets, putting pressure on their currencies.The dollar rose against the […]
China restricts drone, supercomputer exports to protect national security
Aug 05, 2015 (LBO) – Chinese government has restricted drone and supercomputer exports in a bid to protect national security and strengthen export controls on sensitive items. Under the new rule, starting from August 15, companies that make certain drones and computers will have to register with government authorities and obtain a license before exporting […]
Illegal immigrants to UK face eviction without court order with new law
Aug 04, 2015 (LBO) – Britain’s government is to introduce new measures to crackdown illegal immigrants renting properties in the country. “It will ensure anyone without the right to live in this country will find it more difficult to rent a home,” a statement issued by the department for communities and local government said. “Measures […]
DSI ups the ‘Beat’ with Bhathiya and Santhush
Iconic duo appointed Brand Ambassadors for DSI ‘Beat’ Rubber Slippers (DSI News Release) – The place of the colourful and ubiquitous flip-flop in local fashion has been reaffirmed, with one of Sri Lanka’s most popular singing duos Bhathiya and Santhush endorsing ‘Beat’ the popular flip flop collection of the country’s heritage footwear brand DSI. D. […]