Category:
Gap between male, female life expectancy narrows in Sri Lanka
June 27, 2016 (LBO) – The difference between female and male life expectancy at birth reduced in 2012 to 6.6 years compared with 8.4 years in 2001, latest data from the statistics office showed. For the years 2011 to 2013, life expectancy is 72.0 years for males and 78.6 for females, while the life expectancies […]
SriLankan Airlines to suspend Paris, Frankfurt flights in restructuring
June 27, 2016 (LBO) – The national carrier SriLankan Airlines on Monday said it will be suspending its operations to Paris and Frankfurt from winter 2016 as part of its restructuring plan. Accordingly, the last flights between Frankfurt and Colombo on UL 553/554 will be operated on October 30, while UL 563/564 of November 6, […]
US trains Lankans on counterproliferation of weapons of mass destruction
The U.S. Government recently concluded a five-day workshop in Colombo from June 13-17 for members of the Sri Lankan Ports Authority and Customs, Police, Navy, and Coast Guard to provide training on eliminating the proliferation of weapons of mass destruction (WMD). Led by U.S. military experts from the International Counterproliferation Program (ICP), the workshop covered […]
PTL Watch: Bond yields fall, local investor interest
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/06/PTL-Daily-Market-Report-27th-June-2016.pdf”]
Abans Finance to raise Rs277mn through private placement
June 27, 2016 (LBO) – The directors of Abans Finance has decided to raise 277 million rupees for the company by way of a private placement of ordinary voting shares. Subject to necessary approvals, the proposed investor, Ironwood Investment Holding (Pvt.) Ltd will purchase 11,067,978 fully paid ordinary voting shares of the company at a […]
Sri Lanka may approve two blocks for exploration and drilling: PRDS
June 27, 2016 (LBO) – Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 licensing round have recommitted to their bids, a government official said. “The government has already gone through the approval process for these bids, and bidders have recommitted to their […]
Sri Lanka Parliament passes Right to Information Bill
June 25, 2016 (LBO) – Sri Lanka’s Parliament has passed the Right to Information (RTI) bill with amendments on Friday. The main purpose of the Bill is to provide for the Right of Access to Information, to specify grounds on which access may be denied, to establish the Right to Information commission, to appoint Information […]
Huawei’s flagship P9 unveils in Sri Lanka
June 25, 2016 (LBO) – Huawei, one of the fastest growing smartphones in Sri Lanka, yesterday unveiled their flagship smartphone Huawei P9 at a vivid ceremony. Huawei’s partnership with German firm Leica has created a smartphone with a groundbreaking dual-lens camera that can shoot vivid color and crisp black-and-white to produce images with greater depth […]
In Pictures: Swim Week 2017 highlights new designs and Colombo port
Day 1 of Swim Week Colombo kicked off on Friday showcasing designs by Sri Lankan and international designers at the ECT Terminal of the Colombo Port. The designers were: U by Upeksha Hager, Meraki, Juxtapose, heidi klein, Rachel Raj, CHARINI, c.h.a.r.l.e.n.e., and Shivan & Narresh. The venue of Colombo Port was a first, highlighting the […]
Sri Lanka’s Central Bank keeps policy rates steady
June 24, 2016 (LBO) – Sri Lanka’s Central Bank has decided to keep its key interest rates steady for a fourth straight month on Friday, despite rising inflation and high private sector credit growth. The full text of the statement is reproduced below. Monetary Policy Review – June 2016 According to provisional estimates of the […]
BOI briefs investment opportunities for Japanese biz delegation
A Japanese business delegation consisting of 28 leading Companies visited Sri Lanka with the purpose of gaining a firsthand experience of the business and investment climate of Sri Lanka. The delegation consisted of representatives of leading Japanese enterprises and other companies such as Leopalace 21, Mitsubishi Corporation, Mizuho Bank, NTT Data, Mitsui & Co. India […]