Tag: lbo.lk
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka’s President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal for a free trade agreement between the two countries among the topics discussed. The meeting between the two leaders commenced following a cordial discussion, a statement from the Sri […]
S&” rating on Sri Lanka
Mar 08, 2017 (LBO) – Standard and Poor global ratings affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka while keeping a ‘negative’ outlook unchanged, a statement said. “High external debt, and low reserves continue to make Sri Lanka vulnerable to external shocks. Other rating constraints on Sri Lanka include the […]
MAS joins hands with UNFPA to ensure gender-mainstreamed corporate policies
(PRESS RELEASE) – Colombo, 7 March 2017: Sri Lanka’s female labour force participation is declining. In 2006, females constituted 39. 5% of the working force, where as in 2014, this number has come down to 36.3%. In response to this socio-economic issue, it is imperative that organizations continuously review corporate policies to instill an organizational […]
New Zealand keen to broaden investment in Sri Lanka
Mar 08, 2017 (LBO) – The Government of New Zealand expects to broaden existing investment in Sri Lanka and is ready to assist in economic development activities in the island, the finance ministry said in a statement. New Zealand wants to provide technical support in infrastructure development and assist in developing the agricultural sector of […]
Pan Asia Bank completes Rs 2Bn rights issue
Mar 08, 2017 (LBO)- Sri Lanka’s Pan Asia Banking Corporation said they were successful in completing a rights issue to raise up to 2.06 billion rupees. In December 2016 the bank announced the issue of 147. 5 million shares at one new share for every two shares held at an issue price of 14 rupees. […]
Sri Lanka BPPL Holdings IPO oversubscribed
Mar 08, 2017 (LBO) – Sri Lanka’s brush exporter BPPL Holdings said its initial public offer of 30. 68 million ordinary shares at 12 rupees each was oversubscribed the opening day. The company said in a stock exchange filling that therefore they were closing the offer, Tuesday. The company also known as Beira group said Hirdramani […]
Sri Lanka to train foreign service in economic diplomacy: Harsha
Mar 07, 2017 (LBO) – Sri Lanka’s government will be training its officials in the foreign service through a online economic diplomacy course with Harvard University to help improve the island’s investment and export promotion, a deputy minister said. “Sri Lanka is running a race, where we are behind Thailand, Vietnam, Myanmar and Malaysia,” Harsha […]
‘s real estate industry calls for more regulation
Mar 07, 2017 (LBO) – Sri Lanka’s real estate brokers, agents and developers need to professionalize services with the involvement of the the government to ensure future growth, industry officials said. “The emerging and perhaps urgent need of the real state industry is for some type of regulation to be introduced in order to regulate […]
President Sirisena on State Visit to Indonesia
(PRESS RELEASE) – President Maithripala Sirisena who left for Indonesia this morning, 6 March 2017, arrived in Jakarta today. He will participate in the20th Anniversary Summit of the Indian Ocean Rim Association (IORA) in which Sri Lanka is a founding member, on 6 and 7 March. This will be followed by a State Visit on 8 March. A State Visit to Indonesia takes place […]
Flemington Rajagiriya Apartments records 60-pct of apartments sold
(PRESS RELEASE) – Colombo, 07 February 2017 – Sri Lanka’s first Australian inspired condominium, The Flemington, Rajagiriya records 60% of apartments sold, following the start of construction in November 2016. The Rajagiriya condominium project by EliSh Development, marketed to the local market, has seen 70% of apartments sold to Sri Lankans residing locally and 30% […]
‘s Foreign Minister takes part in IORA
(PRESS RELEASE) – Minister of Foreign Affairs, Hon. Mangala Samaraweera attended the Ministerial Meeting of the 20th Anniversary of the Indian Ocean Rim Association (IORA) in Jakarta, Indonesia. The meeting is being held on the theme of “Strengthening maritime cooperation for a peaceful, stable and a prosperous Indian ocean region”. Speaking at the discussion on the future […]
President inaugurates 4th SAARC Public Procurement Conference
(PRESS RELEASE) – The Fourth South Asia Region Public Procurement Conference commenced under the patronage of President Maithripala Sirisena in Colombo, Monday. The Conference will continue until February 23 in Colombo and Kandy. The Conference is an annual learning, knowledge and experience sharing, and networking event for the Heads of Public Procurement Agency or Authority […]