Tag: lbo.lk
An insight into Sri Lanka’s economic behaviour: NTB
Jan 28, 2019 (LBO) – Elaborating on the ‘Insight into Sri Lanka’s Economic Behaviour’, executive vice president – treasury and investment banking at Nations Trust Bank, Indrajith Boyagoda shares his views on Sri Lanka’s current economic circumstances and the role of banking in this environment. “It is of significant importance that, the global economy is […]
Sri Lanka Govt introduces more loans for 3-wheel owners and migrant workers
Jan 28, 2019 (LBO) – The Finance Ministry under the Enterprise Sri Lanka concessionary loan scheme is to introduce further concessionary loans to widen the schemes enabling the stake holders to move towards next generation economic activities in their areas of activities. Accordingly migrant workers will be given up to 10 million rupees concessionary housing loans […]
Sri Lanka vehicle registration down in Dec 2018
Jan 28, 2018 (LBO) – Sri Lanka’s vehicle registrations across all categories showed a slowdown in December 2018, a new research report said. “Across all categories there has been a slowdown in registrations in December,” data compiled by JB Securities, an equities research firm report shows. ” This is as a result of the measures […]
Govt calls for exploration bids in block M2, Mannar Basin
Jan 18, 2019 (LBO) – Sri Lanka’s government has called for international competitive bids for exploration and development activities in Block M2, Mannar Basin, the Petroleum Resources Development Secretariat said.The M2 Block covering approximately 3,500 km2, has two gas discoveries, Dorado 91H/1z and Barracuda 1 G/1 and a number of un-drilled prospects, it added.The bidders are expected […]
Sri Lanka manufacturing activities decrease in Dec 2018
Jan 19, 2019 (LBO) – Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in employment and production, especially in manufacturing of textiles, wearing apparels, leather and related activities, the Central Bank said. “A significant decline in employment was experienced as some employees moved to seasonal jobs for […]
Huawei CEO expects revenue to touch USD125Bn in 2019: 100Bn for R and D 5 years
(PRESS RELEASE) Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not released its total revenue for 2018 yet, but Eric Xu, one of the rotating chairmen at […]
Sri Lanka enters into five MOUs with Philippines
Jan 17, 2019 (LBO) – Sri Lanka and Philippines signed five Memorandum of Understanding (MOUs) on education, tourism, agricultural and economic corporation.Further strengthening the bilateral relations between the two nations the agreements come with President Maithripala Sirisena’s ongoing four-day state visit to the Philippines.The President arrived in Philippines on 15 January for a five-day State visit following an […]
Ailing rupee and price controls may lead to a shortage of milk powder: Advocata
Jan 17, 2019 (LBO) – A cup of tea is every Sri Lankan’s morning mantra. This might not be the case much longer as Sri Lanka may face a shortage of milk powder as several leading milk powder importers are reported to have taken a collective decision to suspend imports. The recent depreciation of the rupee […]
ICE holds Brunel International lecture on its bicentennial celebrations
Engineers need to care more about the world The Institution of Civil Engineers held the Brunel International Lecture in Colombo on 19th November 2018 to coincide with the bi-centennial celebrations of the Institution of Civil Engineers (ICE) and was organized by the Sri Lanka Association of the Institution of Civil Engineers (SLAICE).In 2018 ICE celebrates […]
‘s Colombo Port- city dredging completed ; Ready for investors
Jan 14, 2019 (LBO) – Sri Lanka’s proposed Financial City better known as the Port City has now fully completed land reclamation, Ministry of Megapolis and Western Province Development said. The new city will function as a special jurisdiction area with its own economic and commercial laws to facilitate operations of global multinational corporations. The completed […]
‘s CSCEC named as contractors for TRI-ZEN
Jan 14, 2019 (LBO) – Sri Lanka’s Braybrooke Residential Towers (Pvt) Ltd announced that it had appointed China State Construction Engineering Corporation Ltd (CSCEC) as the contractor for its residential project TRI-ZEN. The culmination of an ambitious joint venture between John Keells Holdings PLC and Indra Traders, the TRI-ZEN project aims to establish a vibrant […]
Sri Lanka Govt., IMF talks to start
Jan 14, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera led delegation arrived in Washington, Sunday for talks with the International Monetary Fund (IMF). In a twitter message the Finance Minister said that he plans to put the US 1.5 billion dollar Extended Fund Facility (EFF) program back on track. “Arrived in DC with @MangalaLK […]