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Hemas Holdings opens trading at Colombo Stock Exchange
Hemas Holdings PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring companies from the S&P SL20 index. Chairman Mr. Husein Esufally, Group CEO Mr. Steven Enderby and Executive Director/ CFO Mr. Malinga Arsakularatne represented Hemas Holdings […]
Piramal Glass profits up 2.7 fold in Dec; wants pricing formula for furnace oil
Feb 01, 2016 (LBO) – Sri Lanka’s Piramal Glass Ceylon said profits in the quarter to December 2015 rose more than two fold to 166 million rupees from 61 million a year earlier despite concerns about the cost of Furnace oil. The firm which makes glassware saw revenues grow 11.6 percent to 1.78 billion rupees […]
LBR LBO Infrastructure Summit 2015 – Session 02 Q & A
Colombo has a high potential to become a global city. The geographic location and close proximity to maritime sea routes are strategic advantages. Its geo-location is an exploitable asset in the global economy. However, it is not only the access to “Silk Road” that global cities compete with each other now, but for capital, talent […]
Tree of the Year – Sri Lanka competition launched
The Carbon Consulting Company, known for its innovative endeavors in the field of corporate environmental sustainability, launched a groundbreaking initiative to recognize and preserve the increasingly threatened biodiversity habitat across the country. ”The Tree of the Year- Sri Lanka”is a highly ambitious project to identify, record and encourage the preservation of trees that have come […]
Amanté launches e-commerce platform
With the launch of amanté’s e-commerce platform, customers in Sri Lanka and beyond can purchase the premium lingerie brand with minimum hassle. The online portal is designed to suit today’s fast paced lifestyles, where convenience is key. It will enable women, or the men in their lives, to choose lingerie online and have them delivered […]
Sri Lanka opens Consulate General Office in Milan, Italy
Feb 01, 2016 (LBO) – The Government has opened a Consulate General Office in Milan, Italy with effect from today, to serve the Country’s large expatriate community there. The Sri Lankan community in Milan, is one of the largest in Northern Italy. Milan is Italy’s second leading city with a metropolitan population of 1.3 million […]
Google loon to start testing in Sri Lanka this month
Feb 01, 2016 (LBO) – Project Loon from Google x is to launch its preliminary testing in Sri Lanka this month, Managing Director of ICTA, Muhunthan Canagey said. As per the initial agreement, the maximum test period will be one year and based on the test results a fully fledged agreement is to be signed. […]
Uga Escapes, unveils Chena Huts
Uga Escapes consolidated its position in the leisure industry this month by unveiling its newest addition to its range of luxury boutique hotels, Chena Huts, a chic hideaway nestled deep within Yala constructed with an investment of Rs. 800 million. The luxury boutique hotel is located on a seven-acre expanse of land and comprises 14 […]
Paypal to discuss Sri Lanka inward payments
Feb 01, 2016 (LBO) – The regional head of PayPal is to have discussions with Sri Lanka’s officials over freeing Paypal inward payments for citizens in the country, Telecommunications and Digital Infrastructure Minister Harin Fernando said. “Regional head of PayPal will visit Sri Lanka this Wednesday. He is scheduled to have talks with Central Bank […]
Ministers should use social media for engagement: CPA media survey
Feb 01, 2016 (LBO) – A new media survey by the Centre for Policy Alternatives (CPA) reveals that government Ministers should utilize social media tools to keep in touch with the general public. “42.2 percent of respondents believe that it is necessary for Government Ministers to use social media to interact with the public, while […]
PTL Watch: Sri Lanka bond yields tick up 10 bp
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LBR LBO Infrastructure Summit 2015 – Session 02 Q & A
Colombo has a high potential to become a global city. The geographic location and close proximity to maritime sea routes are strategic advantages. Its geo-location is an exploitable asset in the global economy. However, it is not only the access to “Silk Road” that global cities compete with each other now, but for capital, talent […]