Category:
‘s Melwa Hotels and Resorts
May 03, 2018 (LBO) – The International Finance Corporation, a member of the World Bank Group,is investing US 27 million dollars in Melwa Hotels and Resorts Private Limited towards the development of 3 hotels across Sri Lanka. The investment will increase Sri Lanka’s capacity in the tourism sector, create jobs, and generate more foreign exchange, the […]
‘s first electric vehicle plant
May 03, 2018 (LBO) – Tokyo based high-tech research and development startup is planning Sri Lanka’s first ever large, industry scale electric vehicle (EV) manufacturing facility. The proposed EV manufacturing operation is to take off by producing Sri Lanka’s first ever smart, “EV tuk-tuks.” The startup from Tokyo is also setting up international standard EV […]
Planters’ Association hails decision to lift ban on glyphosate
May 02, 2018 (LBO) – The Planters’ Association of Ceylon (PA) issued a statement commending yesterday’s Government decision to lift the arbitrary ban on the importation of glyphosate-based weedicides in view of the overwhelming scientific consensus that the substance is not harmful to human health. At the outset we wish to express our sincere and […]
CAL to host inaugural South Asia Investor Conference in Colombo
Sri Lanka’s No. 1 investment banking firm and preferred partner in financial markets, Capital Alliance (CAL), is proud to announce the inaugural South Asia Investor Conference (SAIC 2018), which will be held on 7th and 8th May 2018 at the Taj Samudra Hotel. A joint collaboration between Capital Alliance Securities, Sri Lanka; AKD Securities, Pakistan […]
Advantis projects provides logistics expertise to CEB for improved reliability of national grid
(PRESS RELEASE) – Continuing its leadership in logistics in Sri Lanka, Advantis Projects, the project logistics arm of Hayleys Advantis Limited,recently secured and completed the transportation of 12 transformers and their respective accessories as part of the Ceylon Electricity Board’s project – ‘Construction Of Grid Substations, Greater Colombo Transmission And Distribution Loss Reduction’. Amongst the […]
Lester James Peries: Pioneer of a Sri Lankan cinema tradition
Lester James Peries (April 1919 – 29 April 2018) was a Sri Lankan film director, screenwriter, and film producer.A filmmaker since 1949, Peries was involved in over 28 films, including shorts and documentaries.In 1956, Peries made his entry into national cinema with the globally acclaimed “Rekava”, which was a story based on village life. It […]
‘s economy
May 03, 2018 (LBO) – Sri Lanka’s Central Bank said recent indicators reflect positive sentiment expressed by external foreign parties regarding the performance of the Sri Lankan economy and its prospects. Central Bank’s response came at a time when serious concerns have been expressed regarding the performance of the Sri Lankan economy. “It is instructive […]
Mobitel to host Google I/O Extended Sri Lanka 2018
May 02, 2018 (LBO) – Sri Lanka’s National Mobile Service Provider, Mobitel is organizing the biggest tech event of the year, the Google I/O Extended on the 8th of May 2018 for the 5th time in Sri Lanka. Mobitel said the event will be held at Stein Studio complex Ratamalana. This is one of the most […]
”; outlook stable
Fitch Ratings has affirmed Sri Lanka-based consumerdurables retailer Singer (Sri Lanka) PLC’s National Long-Term Rating at ‘A-(lka)’ with a Stable Outlook. Fitch has also affirmed the National rating on Singer’s outstanding senior unsecured debentures at ‘A-(lka)’. A full list of rating actions is at the end of this commentary. The affirmation of Singer’s rating reflects […]
Japan confers a prestigious decoration upon Professor Carlo Fonseka
On 29 April 2018, the Government of Japan announced the conferment of “The Order of the Rising Sun, Gold Rays with Neck Ribbon” upon Professor Carlo Fonseka, in recognition of his significant contribution to the promotion of Japanese culture in Sri Lanka. His Excellency Mr. Taro KONO, Minister for Foreign Affairs of Japan, sent a […]
Sri Lanka preliminary round for 2018 K-Pop World Festival
The Preliminary Round for Sri Lanka for the 2018 Changwon K-Pop World Festival will be held on 14 July 2018, at the Bishop’s College Auditorium, organized by the Embassy of the Republic of Korea. The Changwon K-Pop World Festival, which celebrates its eighth anniversary this year, will be held on 5 October 2018, in Changwon, […]
Dinesh Weerakkody appointed as new Chairman of Hatton National Bank
May 01, 2018 (LBO) – Dinesh Weerakkody has been appointed as the new Chairman of Hatton National Bank with effect from 26 May 2018. The new appointment came after the retirement of the incumbent Chairman Rienzie Arseculeratne having reached the age of 70 years. Dinesh Weerakkody joined the Board of HNB on 29 June 20I7 as […]