Tag: lbo.lk
Mastercard accelerates search for startups in Asia Pacific
(PRESS RELEASE) – Applications currently being accepted for Start Path Global 2016 year-endclass To tweet this news, copy and paste: NEWS: @MAStartPath in search of innovative #startups; #StartPathGlobal now accepting applications till 11 Oct ’16 http://news.mstr.cd/2cypD6u Whether it is to scale their business or drive profitability, startups are increasingly looking to collaborate with corporates toboth […]
UNDP innovates to meet growing aspirations in Asia and the Pacific
(PRESS RELEASE) – The UN Development Programme (UNDP) has leveraged low-cost innovations, knowledge exchanges between countries in the region, and emerging technologies, to provide new opportunities to some of the most marginalized communities in the Asia-Pacific region, says its 2015-16 Results Report. In breaking from traditional development models, and in trying to ensure that ‘no […]
Sri Lanka should add 1275MW to grid by 2020: PUCSL
Sep 19, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has given the nod for the Ceylon Electricity Board’s (CEB) to add 1,275 megawatts of power to the national grid during next four years through the least cost long term generation expansion plan (LCLTGEP) 2015 – 2034. “The plants listed in the […]
Sri Lankan rupee edges down on importer dollar demand; stocks fall
COLOMBO, Sept 19 (Reuters) – The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U.S. currency by exporters, dealers said. The spot rupee was traded at 145.80/95 per dollar at 0625 GMT, slightly weaker from Thursday’s close of 145.75/85. One-week forwards were at 146.05/20, compared with the previous […]
Asia stocks hold central bank vigil, oil bounces
SYDNEY, Sept 19 (Reuters) – Caution gripped Asian shares on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices bounced on talk of an OPEC deal on output and reports of fighting around Libyan oil ports. Bombings in New York City and New Jersey and a stabbing […]
Sri Lankan rupee edges down on importer dollar demand
COLOMBO, Sept 15 (Reuters) – The Sri Lankan rupee traded slightly lower on Thursday as importer dollar demand surpassed exporter sales of the U.S. currency, dealers said. The spot rupee was at 145.82/92 per dollar, compared with Wednesday’s close of 145.70/85. One-week forwards were at 145.98/146.10, compared with the previous close of 145.90/146.05. The spot […]
Sri Lanka tea sees fair demand at auction
Sep 15, 2016 (LBO) – Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers said. “Low Growns totalling 2.7M/Kgs in Leafy/Tippy catalogues met with good demand,” Forbes and Walker Tea Brokers said in a report. “In the Leafy catalogue OP/OPA’ s gained Rs.10-15/- per […]
Sri Lanka to set up a special unit for economic development
Sep 14, 2016 (LBO) – Sri Lanka’s cabinet has approved obtaining the assistance of the Mackenzie Institute of USA to set up a Central Programme Management Unit in Sri Lanka to aid with rapid development. “It is important to establish a separate unit to supervise and take corrective measures on development activities for achieving the […]
CA Sri Lanka’s Annual Convocation Thursday
(PRESS RELEASE) – The Annual Convocation of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which is the most anticipated event in the institute’s academic calendar, will be held on Thursday, 15th September 2015 under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings, who will be the Chief Guest […]
‘s Herath clinches bronze at Rio Paralympics
Sep 14, 2016 (LBO) – Sri Lanka’s Dinesh Priyantha Herath, a 30-year-old, secured the islands first medal in men’s javelin throw F46 final at the Rio Paralympics. He claimed the third spot clearing a distance of 58.23 meters behind India’s Devandra Jhahharia, who won Gold, and Guo Chunliang of China who secured Silver. Herath hails […]
Stocks waver as policy uncertainty, weaker oil sap confidence
TOKYO, Sept 15 (Reuters) – Asian stocks wavered on Thursday as investors grappled with the seemingly diminishing ability of major central banks to stimulate growth, while a tumble in crude oil inflamed already heightened risk aversion. Global bond yields have risen in sympathy with depressed sentiment, adding to nervousness over when the Federal Reserve might […]
China’s strategic Silk Route region in direct opening to Sri Lanka
(PRESS RELEASE) – Sri Lanka-China historic relations appear to be dating back way earlier than currently believed, according to revelations by a top Chinese official-and strategic frontier province in China’s 21st Century Maritime Silk Route plan calls to expand trade and friendly cooperation with Sri Lanka – almost on its own. “I believe that with […]