Tag: lbo.lk
‘s Oceanpick first in South Asia to earn certification for offshore farming
Mar 27, 2019 (LBO) – Oceanpick (Pvt) Ltd., has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia -and only the 34th country in the world- with a BAP-certified facility. Oceanpick is South Asia’s first ever commercial-scale offshore oceanic farm for finfish, and is currently the only offshore […]
SLTDA promises to issue renewal licenses in one day
Mar 26, 2019 (LBO) – The Sri Lanka Tourism Development Authority (SLTDA) is now fully geared to issue renewals for accommodation and service providers in one day when the relevant documents for each category are submitted.By next week, SLTDA will publish press advertisements in all 3 languages to create awareness among all stakeholders on what […]
‘s Chengdu delegation meets BOI Chairman, Eyes steel plant in Hambantota
mar 26, 2019 (LBO) – A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the Board Of Investment and expressed interest in setting up a steel project in Hambantota. The aim of the visit is to promote Sri Lanka and particularly projects in Hambantota. The delegation who met with the Chairman […]
Opening of a counter to issue coins to general public
Mar 26, 2019 (LBO) – The Central Bank of Sri Lanka will open a counter at the ground floor of the Central Bank head office building, No.30, Janadhipathi Mawatha, Colombo 01 on 27 March 2019, to issue coins to the general public. This counter will be opened for the public from 9.00 a.m. to 11.00 […]
‘s Hambantota
Mar 25, 2019 (LBO) – Inaugurating the construction work of the US 3.85 billion dollar oil refinery project and the cement manufacturing plant in Hambantota, Prime Minister Ranil Wickremesinghe said the projects will create thousands of job opportunities in the area and surrounding districts. “These two projects are two mega investment projects that could be considered […]
Ceylon Chamber of Commerce celebrating 180 years serving the business community
Mar 25, 2019 (LBO) – The Ceylon Chamber of Commerce (CCC) was founded on 25 March 1893, for the purpose of best promoting the interests of commerce. This was among the very first group of chambers established in Asia.The Chamber has grown from having 26 memberships at its initial stages, to just over 600 today […]
Australia and Sri Lanka deepen cooperation on Indian Ocean maritime security
Mar 25, 2019 (LBO) – Australia and Sri Lanka’s cooperation on shared maritime security interests in the Indian Ocean is set to rise to a new level with Indo Pacific Endeavour 2019 (IPE19), which will see the visit to Sri Lanka of an Australian Joint Task Group comprised of Navy, Army and Air Force assets. Acting […]
BOI clarifies news report regarding oil refinery project in Hambantota
Mar 22, 2019 (LBO) – Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman’s Ministry of Oil and Gas and Silver Park International PTE Ltd with regard to equity arrangements for the oil refinery project in Hambantota.“However, we are aware that Oman Oil […]
Sri Lanka to discuss draft national policy on LNG
Mar 22, 2019 (LBO) – The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view to establish and develop the natural gas industry in Sri Lanka. With the view of further improvement and development of the policy, the Public Utilities Commission […]
Commercial Bank wins 19th global finance ‘Best Bank in Sri Lanka’ award
(PRESS RELEASE) The Commercial Bank of Ceylon has been adjudged Sri Lanka’s Best Bank in 2019 by the USA-based Global Finance magazine, giving the Bank its 19th such accolade from this entity alone. Global Finance’s just released list of ‘Best Banks in Asia Pacific 2019’ names Commercial Bank in a pantheon of banking giants of […]
‘s EXIM Bank for Central Expressway
Mar 22, 2019 (LBO) – The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars covering 85 percent of the contract price, for the Central Expressway Project – Section 1 from Kadawatha to Meerigama. The loan is the single largest loan approved by the […]
Sri Lankan Banks manage capital impact of SLFRS 9
Mar 22, 2019 (LBO) – Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with our expectations, due to capital infusions ahead of full implementation of Basel III, satisfactory profitability buffers and the four-year phasing-in period, Fitch Ratings says. Sri Lanka adopted SLFRS 9 […]