Tag: lbo.lk
CEB and PUCSL call truce : Entities developing common platform to approve generation plan
Sept 10, 2018 (LBO) – Ceylon Electricity Board (CEB), the state utility who provide electricity for Sri Lanka and its regulator the Public Utilities Commission of Sri Lanka (PUCSL) are to develop a mutually agreed process to approve electricity generation plan. The CEB, upon receiving the letter from the PUCSL indicating the timeline of the activities […]
Sky One residencies launched in Colombo
Sep 07, 2018 (LBO) – Sky-One residencies to be constructed on a land area of approximately 143 perches and due completion in 2021 was launched in Colombo, Thursday. Developed by Sandal Colombo (Pvt) Limited, a fully owned subsidiary of ZhongTian Ding Hui (Pvt) Ltd (ZTDH), the developers of THE ONE, the tallest skyscraper in South […]
Asoka Sirisena re-elected President of Sri Lanka Insurance Institute
Sept 06, 2018 (LBO) – Asoka Sirisena,senior deputy general manager, technical of Ceylinco Life Insurance Limited was re-elected as the President for 2018/2019 at the recently held annual general meeting of the Sri Lanka Insurance Institute (SLII). Asoka is a proud product of Maliyadeva Boys College, Kurunegala and counts over 25 years in the Life […]
Govt approves global Tourism Development Project; Awards contracts for digital advertising
Sept 06, 2018 (LBO) – Sri Lanka’s Cabinet of ministers have given the go ahead for a Global Level Tourism Development Project to promote tourism, a statement on approved cabinet decisions said. The proposal was put forward by Tourism Minister John Amaratunge. The Government also approved awarding contracts to carry out digital advertising programs to […]
amanté launches AW’18 collection
Walk in fairy dust and moonlight with amanté’s new collection ‘Starry Tales’, launching this September. Inspired by the dreamy satin textures and ethereal hues of moonlight, this Autumn/Winter 2018 collection from Sri Lanka’s leading designer lingerie brand is in stores now. amanté’s AW’18 is inspired by the night and its ability to bring the mysterious […]
Ronan Keating at Chena Huts by Uga Escapes
While Boyzone’s concert was building hype and highlight around the music enthusiasts of the country, the band member Ronan Keating has decided to enjoy the serenity of the island prior to the big event in Colombo.Ronan Keating has referred to Chena Huts by Uga Escapes as a “little piece of heaven” in his social media […]
Sri Lanka rupee hits record low
Sept 05, 2018 (LBO) – The Sri Lanka rupee dropped to a new record low of 163.30 rupees against the US dollar Wednesday in mid after-noon trade. The rupee opened weaker at 161.95/162.10 rupees Wednesday while it closed at 161.95/162.00 rupees against the US dollar on Tuesday. Dealers said they has witnessed excess liquidity in money […]
Palm oil industry association launched to advocate sustainable growth in Sri Lanka
Sept 04, 2018 (LBO) – Sri Lanka’s Oil Palm industry has formally inaugurated an industry association under the aegis of the Ceylon Chamber of Commerce to promote common interests and advocate ‘Sustainable Growth through Responsible Production.’ Representing cultivators of oil palm, and refiners, processors, manufacturers, marketers and sellers of palm oil and other products of […]
Sri Lanka BoI targets 35 projects with Rs.46.4Bn in investments in the North
Sept 03, 2018 (LBO) – The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. Among the BOI investments there are currently 6 apparel manufacturers which represent an investment of 8,000 million rupees and employ 7,917 workers. Another 15 projects in different sectors are […]
Leveraging trade-investment nexus will enable Sri Lanka create high value jobs: Fin Min
Sept 03, 2018 (LBO) – Leveraging the trade-investment nexus will enable Sri Lanka to create high value jobs and attract technology to drive productivity growth and real wage growth for citizens, the Finance Minister says. “In addition to enabling market access, it is also essential to address the supply side bottlenecks for investors,” Mangala Samaraweera, […]
BIMSTEC leaders decide to rationalize organization
Sept 03, 2018 (LBO) – The Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) leaders, at the conclusion of the 2018 Summit laid the foundation for institutional mechanisms to accelerate the BIMSTEC process. The leaders agreed to establish a BIMSTEC Permanent Working Committee (BPWC), to draft a Charter for the organization, to […]
Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs25bn, and Pathirage wants a dictator
September 2, 2018 (LBO) – As video clips move through traditional and social media, the public is abuzz about the comments made by some of Sri Lanka’s most powerful businessmen at the ‘Fireside Chat’ event last week at the Colombo Hilton. The event featured panelists: Dhammika Perera, Harry Jayawardena, Janak Hirdaramani, Merril Fernando, Sumal Perera […]