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LAUGFS launches mobile apps for iOS and android phones
LAUGFS recently launched its very own mobile application, providing customers with a single mobile platform to access a range of LAUGFS businesses from LAUGFS Gas and Supermarkets to Eco Sri and LAUGFS Car Care. Now LAUGFS customers can receive mobile alerts on the latest promotions, stay up-to-date with latest news and happenings, and receive location […]
6 Sri Lankan artistes honoured with Bunka Award 2015
The 22nd “Bunka (Cultural) Awards” ceremony, organized by the Japan Sri Lanka Friendship Cultural Fund, was held on Sunday 8th November at the Sri Lanka Rupavahini Corporation, Colombo 07. Hon. S. B. Navinna, Minister of Internal Affairs, Wayamba Development & Cultural Affairs graced the occasion as Chief Guest, while H. E. Mr. Kenichi Suganuma, Ambassador […]
Holcim Lanka inter-university competition 2015
Furthering its vision of building foundations for the future Holcim Lanka, a member of the Lafarge Holcim group partnered with the University of Peradeniya, Moratuwa and Ruhuna to conduct an innovative Concrete Mix Design Competition for the University’s Final Year Civil Engineering students. The objective of the competition was to impart practical and theoretical knowledge […]
Sri Lanka’s Hayleys profits up 6 pct to Rs629mn
Nov 11, 2015 (LBO) – Profits at Sri Lanka’s diversified Hayleys group rose 6 percent to 629 million rupees in the September 2015 quarter from a year ago supported by its transportation, activated carbon and textiles business, interim accounts showed. “The transportation and logistics sector contributed a notable increase to the bottom line during the […]
‘s EPF move
Nov 11, 2015 (LBO) – Sri Lanka’s new move to separate Employee Provident Fund from the Central Bank would only ensure more security to the fund and end conflict of interest, Deputy Minister of Foreign Affairs Harsha De Silva told reporters on Monday. “If someone says the employee provident fund (EPF) is safe with Central Bank, […]
US General Electric seals USD2.6 bn deal to build Indian trains
Nov 10, 2015 (LBO) – General Electric, an American multinational conglomerate, has won a contract to build new trains for the Indian government, foreign media reports said. The contract is worth 2.6 billion US dollars and will provide the country with 1,000 new diesel trains over the next 11 years.“The deal includes a 200 million […]
Asian stocks open lower with stronger Fed rate hike possibility
Nov 10, 2015 (LBO) – Asian stocks opened lower after global stocks fell on Monday on increased chances of a Fed rate hike this year. Probability that the Fed will hike interest rates this year have increased to 68 percent, from 50 percent a week ago and 39 percent last month, according to market data. […]
Sri Lanka should review TPP agreement and its impact: Harsha De Silva
Nov 11, 2015 (LBO) – Sri Lanka should review and consider the Trans–Pacific Partnership (TPP) agreement as an enabler to enter into global competitive markets as signaled in Prime Minister’s statement, Deputy Minister Harsha De Silva said. “We haven’t started to talk about this yet. But TPP is one of the most important trade partnership […]
JVP criticizes Ranil for inviting ‘The Man Who Broke the Bank of England’
Nov 09, 2015 (LBO) – The Marxist JVP on Monday criticized Prime Minister Ranil Wickremesinghe for inviting Hungarian-born American businessman George Soros to Sri Lanka, one of the 30 richest people in the world.Presenting third-generation economic reforms in Parliament Wickremesinghe revealed that world famous author and billionaire investor George Soros will be participating in an […]
Dunamis Capital to raise Rs1bn from listed debenture
Nov 09, 2015 (LBO) – Sri Lanka’s diversified investment holding company, Dunamis Capital is to raise 1.0 billion rupees from a listed debenture issue, the company said in a stock exchange filing.The company has decided to issue 10 million debentures at 100 rupees each, subject to the necessary regulatory approvals.The subscription list will be open […]
PTL Watch: Spreads widen with weaker LKR
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Tilak Marapana resigns as Law and Order Minister
Nov 09, 2015 (LBO) – Law and Order Minister Tilak Marapana has tendered his resignation letter for his Ministerial post to President Maithripala Sirisena today.Speaking at a press briefing Marapana said the decision was taken after discussing the alleged controversy involving him around the Avant Garde issue with Prime Minister Ranil Wickremesinghe. “I never interfered […]