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Growth in developing economies forecast at 4.3-pct for 2016: IMF
Jan 20, 2016 (LBO) – Growth in emerging market are projected to increase from four percent in 2015 to 4.3 and 4.7 percent in 2016 and 2017, respectively, the latest International Monetary Fund’s global forecast says. “Growth in China is expected to slow to 6.3 percent in 2016 and 6.0 percent in 2017, primarily reflecting […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Nayana Mawilmada
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 […]
Sri Lanka to call open tenders to purchase locomotives, power sets
Jan 20, 2016 (LBO) – The Transport Ministry is to call open tenders to purchase locomotives for Sri Lanka Railways allowing a German company to forward their bids, Deputy Minister of Transport Ashoka Abeysinghe said. Deputy Minister told LBO that the ministry wants to allow other bidders besides India to forward their bids in this regard. […]
LBR LBO Infrastructure Summit 2015 – Session 1 Q & A
Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for business, […]
International experts to speak at CA Sri Lanka SMP forum
Chairman of the International Federation of Accountants (IFAC) SMP Committee, Dr. Giancarlo Attolini and President of the European Federation of Accountants and Auditors for SMEs, Mr. Bodo Richardt will share important insights relevant to the Small and Medium-sized practices in the South Asian region at a forum organized by the Institute of Chartered Accountants of […]
Interview: Attractive returns on Sri Lanka bonds due to volatility
Jan 20, 2016 (LBO) – Out of emerging markets, Sri Lanka bonds offer well above average returns through trading opportunities due to strong volatility, a market participant said. Data shows rupee treasury bonds posting more than 25 turning points last year, a clear sign of volatility in the secondary market. Swings of between 25 to […]
Probability of US March rate hike drops, eyes on Davos
Jan 20, 2016 (LBO) – The probability of a rate hike by the U.S. Fed by March fell to 40 percent with equity markets off to a bad start this year, as focus turns to the World Economic Forum in Davos. JPMorgan expects the next US interest rate hike in June, and some analysts predict […]
‘s Kunyoung launches in Sri Lanka, eyes construction
Jan 20, 2016 (LBO) – Kunyoung Engineering and Construction Co launched in Sri Lanka on Tuesday increasing the number of Korean companies taking an interest in the island’s growth prospects. Company officials said they were interested in Megapolis development plans which included the Colombo Port City, and would bid for future contracts. “The entry of […]
Youth Business Sri Lanka trains budding entrepreneurs
Youth Business Sri Lanka of the Ceylon Chamber of Commerce and the National Human Resources Development Council of Sri Lanka, recently trained over 230 budding entrepreneurs on the finer skills of entrepreneurship under the ‘Promoting and Empowering the Small and Medium Entrepreneurs’, project which is carried jointly by the two institutions. Accordingly, three separate training […]
Fashion Bug launches exclusive saree counter
Fashion Bug, one of Sri Lanka’s leading retail clothing chains with over 16 show rooms island wide, will shortly launch their Sari Counter , ‘Ethnic Fusion’ at their Katubedde outlet . A dazzling array of Sarees, Shawlars, Shalwar materials, Kurtis and Shawls will be available at ETHNIC FUSION, which will be a designated zone within […]
Sri Lanka travel hot spots showcased in North America’s largest travel show
The Sri Lanka Tourism Promotion Bureau in collaboration with the Sri Lanka Embassy in Washington, organized a Sri Lanka travel booth at the New York Times Travel Show from January 08-10, 2016 at the Jacob K. Javits Convention Center in New York with participation of 10 destination Management companies and SriLankan Airlines. The colorful Sri […]
People without access to digital technology will be left behind: World bank
Jan 19, 2016 (LBO) – Greater effort must be made to connect more people to the internet and to create an environment that unleashes the benefits of digital technologies, a World Bank report says. The spread of digital technologies over the last two decades has been rapid but the hoped-for benefits of greater productivity, more […]