Tag: lbo.lk
‘s Lagarde announces specific actions on women’s economic empowerment
Christine Lagarde, Managing Director of the International Monetary Fund, issued the following statement today at the conclusion of her participation in a United Nations High-Level Panel on “Women Economic Empowerment” on the sidelines of the UN General Assembly: “It is a great pleasure to participate in the official launch of the commitments and work of […]
Sri Lankan rupee edges up on bank dlr sales; stocks up
COLOMBO, Sept 22 (Reuters) – The Sri Lankan rupee edged up on Thursday as dollar sales by a foreign bank helped currency forwards outpace importer dollar demand, but the market expects the rupee to be under downward pressure due to a rise in demand for imports, dealers said. Rupee forwards were actively traded and one-week […]
Infrastructure: Port city to transform Colombo, boost facilities
Sep 22, 2016 (LBO) – Sri Lanka’s planned Port City project says its vision is to offer a modern and sustainable lifestyle without comprising services delivered to attract high net-worth individuals in the region. Several hectares of public parks will increase facilities available to the public and the amount of commercial office space in Colombo […]
Asian shares surge, dollar lags on slow-motion Fed
SINGAPORE/SYDNEY, Sept 22 (Reuters) – Asian shares surged on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, slugging the dollar and lifting commodity prices. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.9 percent in its sixth straight session […]
Kumar Sangakkara Kicks OffMurali Harmony Cup 2016
(PRESS RELEASE) – The Murali Harmony Cup 2016 was declared open today (20th September 2016) in Kilinochchi. 24 teams will compete in this year’s blockbuster tournament featuring as many as ten newcomers to have a chance at winning the coveted Champions trophy and bragging rights in the men’s and women’s segments respectively. Speaking at the […]
Jinasena launches solar solutions for domestic and industrial markets
(PRESS RELEASE) – High-tech solar solutions available via 19 Service Centres across the island Jinasena (Pvt) Limited, one of the leading water management systems and solutions providers in Sri Lanka, has expanded business operations in Sri Lanka by venturing into domestic and industrial solar solutions under its “Renewable Energy Sector” product range. Jinasena solar solutions […]
Sri Lanka committee to look in to Norochcholai environmental issues
Sep 21, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) has appointed a 7 member committee to look at the environmental damage allegations that have been leveled against the Norochcholai power station. “We have received several complaints about this so we appointed a committee that is qualified to look into this matter,” Damitha Kumarasinghe, […]
Asia stocks pull ahead, investors on edge before BOJ verdict
HONG KONG, Sept 21 (Reuters) – Asian shares got off to a tentative start on Wednesday, while the yen was steady as investors braced for the outcome of the Bank of Japan’s policy meeting amid heightened speculation the central bank will make crucial changes to its massive easing programme. The BOJ is expected to make […]
Commercial Bank launches new series of ‘Cash Deposit & Withdrawal’ machines
(PRESS RELEASE) – The Commercial Bank of Ceylon has launched a new generation of machines that offersseveral new advancements on the standard ATMs and deposit machines, including cash deposits that are credited instantly. Sri Lanka’s largest private bank said it will beinstalling ‘Cash Deposit & Withdrawal’ machinesin stages within its 251 strong branch network. Card-less […]
New Zealand pledges to develop milk production in Sri Lanka
Sep 20,2016 (LBO) – New Zealand says that it will extend its full assistance to develop the milk production sector in Sri Lanka, the finance ministry said in a statement. “New Zealand expects to provide Sri Lanka new technology, industry expertise and certain grants to enable the island to improve its milk production,” Grahame Morton, […]
Clearpoint Residencies structural work complete, ready for occupation 2017
Maga Engineering, announced that it has completed the building structure of its flagship residential project, the 48-storey Clearpoint Residencies, set to be the world’s tallest vertical garden upon completion. Clearpoint now stands at 185m and is presently the second tallest building structure in Sri Lanka, second only to Grand Hyatt Colombo which is also beingbuilt […]
Asia stocks waver as investors nervously await Fed, BOJ
TOKYO, Sept 20 (Reuters) – Asian shares edged lower on Tuesday as investors nervously waited on the outcomes of the Federal Reserve and Bank of Japan policy meetings that begin later in the session. Global markets have been blowing hot and cold in recent weeks over the Fed’s intentions, not helped by both hawkish and […]