Category: Other
Asia Misery Extended to European Markets
June 29,2015 (LBO) -The European markets fell sharply on Monday following the dramatic drop in Asia markets in earlier Monday, spooked by a possibility of Greece walking away from the debts.In France CAC40 fell by nearly 5%, in Germany DAX by 3% and in Britain FTSE 100 by 2.2%. The Greek debt crisis also hit […]
Sri Lanka signs articles of agreement for Asian Infrastructure Investment Bank
June 29, 2015 (LBO) – Sri Lanka on Monday signed the articles of agreement for the China led Asian Infrastructure Investment Bank which is expected to be operational by the year end. Representatives from 57 prospective founding members of the Asian Infrastructure Investment Bank including Sri Lanka gathered on 29 June 2015 in Beijing at […]
Designated envoys to Philippines and Vietnam visits Ceylon Chamber of Commerce
The Ceylon Chamber of Commerce recently, facilitated a meeting between Sri Lanka’s designated envoys to Vietnam and Philippines, respectively Hasanthi Dissanayake and Aruni Ranaraja and some local companies, who are doing business with the respective countries to discuss matters relating to trade and commercial ties between Sri Lankan and those two countries. During the discussion, […]
Sri Lanka to implement capital loan scheme for tea; guaranteed price for rubber
June 26, 2015 (LBO) – Sri Lanka’s cabinet has decided to implement a capital loan scheme for the tea industry and a guaranteed price scheme for the natural raw rubber. The capital loan scheme will be implement for all owners of tea industries through all State and Commercial Banks. The Cabinet has approved to provide […]
ADB gives USD453mn loan for dry zone water projects
June 26, 2015 (LBO) – The Asian Development bank is to grant a loan of 453 million US dollars to help deliver surplus water from the Mahaweli river basin to the dry zone, a statement said.“Sri Lanka has abundant water resources but they are not distributed evenly across the country,” Lance Gore, ADB Water Resources Specialist said in the […]
Pakistan High Commission Welcomes Pakistan Cricket Team in Colombo
The High Commissioner of Pakistan in Sri Lanka Maj Gen Syed Shakeel Hussain hosted a banquet in Colombo to welcome Pakistan cricket team, which is visiting the Island nation to play 3 Tests, 5 ODIs and 2 T20s with their Sri Lankan counterparts. Welcoming the Cricketers in Sri Lanka, HE Shakeel Hussain said that Pakistani […]
Confronting climate change can make growth more inclusive in Asia: ADB
Jun 25, 2015 (LBO) – Narrowing Asia’s widening inequality will lead the region’s development effort, and building resilience to climate change should anchor this effort, an Independent Evaluation of the Asian Development Bank (ADB) said. “The twin challenges of rising inequality and climate change hinder Asia’s development outlook,” Hyun Son, Evaluation Specialist, ADB said. “To […]
Southern Expressway extension to commence next month
June 24, 2015 (LBO) – Sri Lanka will commence the extension work of the Southern Expressway early next month, Highways Minister said.“It’ll be inaugurated by the President on the 04 July 2015,” Highways Minister Kabir Hashim said. “Then within the next two weeks we’ll be calling bids to construct the Colombo – Kandy highway and […]
Finance Minister meets Chinese and Czech Republic Ambassadors
Pic 01: Czech Republic Ambassador in Sri Lanka Miloslav Stasek Pic 02: Chinese Ambassador in Sri Lanka Yi Xianliang
Sri Lanka Nurses’ Union insists immediate action to stop A H1N1 turns epidemic
June 22, 2015 (LBO) – All Ceylon Nurses’ Union has called on the health ministry to sketch a speedy programme to curb A H1N1 virus before turning it into an epidemic in Sri Lanka.As per the Union, by last week, over 25 people severely affected with the virus have died.“Most of them between the ages […]
Sri Lanka International University Romp 2015 “Strangers”
The Sri Lanka International University Romp-2015 organized by the Department of Marketing Management of university of Sri Jayewardenepura in collaboration with Sri Lanka Tourism Promotion Bureau was held on 11th and 12th June within the city limits of Colombo and Kithulgala. On 11th June the opening ceremony of SLIUR-2015 was commenced at the University premises […]
Sri Lanka to call bids for Central Expressway: Highways Ministry
Jun 18, 2015 (LBO) – Sri Lanka is to call expressions of interest to build the Central Expressway soon which is part of the Northern Expressway leading to the Jaffna peninsula, the Ministry of Highways said.“Bids will be called once cabinet approval has been given for the project, it will be presented to cabinet shortly. […]