Tag: lbo.lk
Harsha calls for greater US investment
(PRESS RELEASE) – Deputy Minister of Foreign Affairs Dr. Harsha de Silva requested the U.S. government to urge American businesses to invest in Sri Lanka. This was emphasized at several bilateral discussions he held with U.S. officials in Washington D.C. on Tuesday, August 16th. The Deputy Minister was on a brief visit to the U.S. […]
‘Soft Power for Peace and Development’ – Remarks by Irina Bokova, DG, UNESCO
(SPEECH TEXT) – I am deeply honoured to speak at the Lakshman Kadirgamar Institute for International Relations and Strategic Studies. Lakshman Kadirgamar was a great statesman and politician. He was a man of intellect, a man renowned for his wit. He was, most of all, a great humanist. … devoted to human rights and equal […]
Asia stocks rise, dollar falls as Fed minutes cool rate hike views
TOKYO, Aug 18 (Reuters) – Asian stocks edged up early on Thursday and the dollar fell after the Federal Reserve’s latest meeting minutes showed policymakers were in no hurry to add to U.S. borrowing costs. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, thanks to hopes that the Fed’s accommodative stance – […]
Sri Lankan rupee trades steady; state bank buying offsets exporter dollar sales
COLOMBO, Aug 16 (Reuters) – The Sri Lankan rupee was steady on Tuesday as dollar sales by exporters were offset by demand for the U.S. currency by banks, dealers said. The spot rupee was at 145.50/55 per dollar at 0607 GMT, same as Monday’s close. “The exporter (dollar) sales are there. But rupee is steady […]
China to set up canned fish, gem and jewelry firms in Hambantota
Aug 16, 2016 (LBO) – Chinese firms have shown keen interest in setting up tinned fish, and gem and jewellery enterprises in a proposed special industrial zone close to Sri Lanka’s Hambantota port. “A Sri Lankan delegation led by Prime Minister Ranil Wickremesinghe has held talks with China’s Chongqing Foreign Trade and Economic Cooperation Company […]
Sri Lanka Telecom profit down 38-pct in June quarter
Aug 16, 2016 (LBO) – Sri Lanka Telecom, the island’s largest telcos profits fell 38 percent to 1.09 billion rupees in the June 2016 quarter from an year earlier. The company’s interim accounts showed that the group reported earnings of 0.61 rupees per share for the quarter while in the six months to June earnings […]
Asian shares hits 1-year high, oil supported
TOKYO, Aug 16 (Reuters) – Asian shares rose to one-year highs, extending their gains so far this year to almost 10 percent, helped by a jump in oil prices and investor expectations of continued easy monetary policy around the globe. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, bringing its gains […]
Sri Lankan rupee steady in dull trade
COLOMBO, Aug 15 (Reuters) – The Sri Lankan rupee was steady on Monday as dollar sales by exporters were offset by importer demand for the greenback in dull trade, dealers said. The spot rupee traded steady at 145.50/55 per dollar, little changed from Friday’s close of 145.50/52. “There is nothing much happening. There have been […]
Auxenta wins the Best Startup of the Year award
(PRESS RELEASE) – We are delighted to announce that Auxenta has been awarded the “Best Startup of the Year 2016” by CSSL – Computer Society of Sri Lanka. This award is a testament to the company’s stellar performance since its launch in 2014 in Silicon Valley. Within a short time-span of 2.5 years, Auxenta made […]
Virtusa Announces First Quarter 2017 Consolidated Financial Results
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, reported consolidated financial results for the first quarter fiscal 2017, ended June 30, 2016. First Quarter Fiscal 2017 Consolidated Financial Results Revenue for the first quarter […]
Usain Bolt completes amazing 100m treble in Rio
RIO DE JANEIRO, Aug 15 (Reuters) – For 9.81 glorious seconds on Sunday, all the ills that have dogged athletics recently were forgotten as Usain Bolt stormed to victory in the 100 metres final to become the first man to win three successive Olympic titles on the track. The Jamaican superstar trailed arch-rival Justin Gatlin, […]
Sri Lanka to develop labour, attract workers overseas: PM
Aug 12, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said that it is time for a new human resource policy to go hand in hand with the economic development plan which will be outlined soon. “Skilled human capital is essential to harness the key advantages of Sri Lanka like the strategic geographic location, […]