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Coast Conservation Department joins Single Window Investment Facilitation
The Board of Investment of Sri Lanka signed a Memorandum of Understanding with the Coast Conservation & Coastal Resources Management Department. The MOU was signed on behalf of the BOI by Mrs. Champika Malalgoda, Director General of the BOI and by Mr. B K Prabath Chandrakeerthi, Director General of the Coast Conservation & Coastal Resources […]
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos’ growth prospects amidst rising competition, the investment case for 5G, regulatory pressures, and the implications of these factors, Fitch’s Ratings said.Fitch has published a compendium of key questions received from investors and our views on each issue, following investor […]
Opinion: Why it’s important that Facebook remain free
By Mark Zuckerberg Next month, Facebook turns 15. When I started Facebook, I wasn’t trying to build a global company. Back then, I realized you could find almost anything on the internet — music, books, information — except for the thing that matters most: people. So I built a service that people could use to connect […]
” armyworm cannot be practically eradicated: UNFAO
Jan 24, 2019 (LBO) – Food and Agriculture Organization of the United Nations (FAO) says that the Fall Armyworm (FAW) known as ‘Sena’ cannot be practically eradicated once established in a new area and it becomes one more pest that farmers need to learn about and manage.In the absence of natural control or good management, the FAW can […]
‘s Finance Ministry calls for proposals for Budget 2019
Jan 24, 2019 (LBO) – Sri Lanka’s Finance Ministry calls upon all stakeholders including the general public to make their proposals for the Budget 2019 before the February 11 as their contribution to ensure introduction of a successful budget targeting building a strong Economy and an Enriched country. The Finance Ministry expects to mould the […]
ABSF names ComBank MD S. Renganathan one of “Asia’s Greatest Leaders”
The Commercial Bank of Ceylon has started 2019 on a winning note, with the Bank being named one of “Asia’s Greatest Brands” and its Managing Director Mr S. Renganathan being honoured as one of “Asia’s Greatest Leaders” by the Asian Business & Social Forum (ABSF). The prestigious double accolades were presented to the Bank at […]
‘s Cussed Stock Exchange
By Dinesh Anthony Perera Sri Lanka’s only stock exchange in a bid to show activity recently obtained some good publicity. Due to a concerning lack of recent progress, things the stock exchange will achieve in the future were highlighted[1]. Also mentioned were trips abroad by senior staff[2] and the logic that things are so bad that […]
” as government support weakening
Jan 24, 2019 (LBO) – Fitch Ratings has downgraded the National Long-Term Rating and senior unsecured debentures of Housing Development Finance Corporation Bank (HDFC Bank) to ‘BB+(lka)’ from ‘BBB-(lka)’ reflecting the weakening of the sovereign’s ability to provide support. “The downgrade reflects Fitch’s assessment of HDFC Bank’s standalone strength, as we believe timely support from the […]
LSEG Technology selected by ATOM Group to power AAX digital asset exchange
LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium ExchangeTM has been selected by ATOM Group (“ATOMTM”) for its new digital asset exchange venue AAX. Millennium Exchange’s low latency, resilient, and scalable matching engine provides market-leading performance and reliability. AAX, expected to launch in H1 2019, will be the first digital […]
Sri Lanka ready to create artificial rain for hydropower generation
Jan 23, 2019 (LBO) – Ceylon Electricity Board and Sri Lanka Air Force today signed a memorandum of understanding to facilitate the project of creating artificial rain for hydropower generation. The Air Force has agreed to provide aircraft modified especially for this purpose while the Thai government is providing technical expertise for the project. Rainmaking […]
US Navy conducts temporary cargo transfer initiative in Sri Lanka
Jan 23, 2019 (LBO) – United States Navy will perform a transfer operation to move cargo between planes at Bandaranaike International Airport outside Colombo from January 21 to 29, US Embassy in Colombo said. The embassy said that this is part of a larger temporary cargo transfer initiative that promotes Sri Lanka’s efforts to become […]
Sri Lanka obtains USD200Mn from WB for primary health care system
Jan 23, 2019 (LBO) – Sri Lanka is to obtain USD 200 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to implement the primary health care system strengthening project. The development objective of the proposed project is “to increase the utilization and quality of primary health care services, with an […]