Tag: lbo.lk
PUCSL says gaps in new CEB generation plan, 300MW LNG approved
Aug 08, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has not given the full nod for the Ceylon Electricity Board’s (CEB) base case generation plan saying it has not addressed all the original concerns raised, the Commission said in a letter to the CEB. “The Commission is of the view that […]
Rio Olympics 2016 commence today, nine Sri Lankan athletes compete
Aug 05, 2016 (LBO) – Nine athletes from Sri Lanka have traveled to compete in eight events at the 2016 Summer Olympic Games which will officially begin in Rio today. The nine-member team will be captained by Anuradha Indrajith Cooray. The rest of the team includes, Niluka Rajesekara and Sumedha Ranasinghe as athletes; Mathew Abeyasinghe […]
Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: Unity Through Business” Programme in Trincomalee would be organized in Trincomalee District and would provide opportunities to the participating SMEs and the stakeholders of the Food and Beverage […]
Asia gains on BoE easing boon, key US jobs data awaited
TOKYO, Aug 5 (Reuters) – Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit stimulus campaign, but some caution before a big U.S. jobs report limited gains. An overnight rally in crude oil prices also sharpened risk appetites, while sterling nursed deep […]
Sri Lanka tourist arrivals up 19-pct in July, crosses 1mn
Aug 05, 2016 (LBO) – Sri Lanka’s tourist arrivals in July were up 19 percent to 209,351, with China and India showing the strongest growth, the state tourism office said. Arrivals up to the first seven months rose 16.7 percent to 1.17 million visitors. India remains the largest source market with a 12 percent growth […]
Sri Lanka to look at new exports in boat building, pharmaceuticals, IT/BPO: EDB
Aug 04, 2016 (LBO) – Sri Lanka is seeking to expand its export basket as it is essential that the island looks at export diversification and finds new markets, head of the state export promotion office said. Indira Malwatte, head of Sri Lanka’s Export Development Board, said boat building is one such avenue that is […]
BoE rate call looms, Asian shares firm as oil rebounds for now
TOKYO, Aug 4 (Reuters) – Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote. The expected BoE cut would be the first since 2009 as Britain’s economy teeters on the brink of […]
Distilleries share swap gets court go ahead
Aug 03, 2016 (LBO) – Sri Lanka’s courts granted permission to shareholder of Distilleries Company for a plan to swap stock with Meltacorp Limited, a statement said. The company will call an Extra Ordinary General Meeting (EGM) on September 06, 2016 immidiately following its annual general meeting to get shareholder approval. After the swap, both […]
”AA- ( lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (CB; AA(lka)/Stable) proposed subordinated debentures of up to LKR7bn an expected National LongTerm Rating of ‘AA-(lka)(EXP)’. The debentures, which are to have tenors of five and 10 years and carry fixed and floating coupons, are to be listed on the Colombo Stock Exchange. CB expects to […]
Minister of Foreign Affairs, Canada and UNDP inaugurate Jaffna’s only Siddha Medicine Center
(PRESS RELEASE) – Honourable Stéphane Dion, Minister of Foreign Affairs of the Government of Canada and Her Excellency Shelley Whiting, Canadian High Commissioner to Sri Lanka together with Lovita Ramguttee, UNDP Sri Lanka Deputy Country Director, visited a UNDP project site recently in Jaffna. During the Honorable Foreign Minister’s visit to Jaffna as part of his […]
Sri Lanka forging ahead with reforms for intra-Asia trade : PM
Aug 03, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says the Unity Government action plan is to introduce a large database of products and large-scale economic reforms for infrastructure with the hope of becoming the economic hub of the Indian Ocean. He said the government is now going ahead with plans to ensure […]
Deputy Minister Harsha de Silva heads Sri Lanka Delegation at 23rd ASEAN Regional Forum
(PRESS RELEASE) – Deputy Foreign Minister, Dr. Harsha De Silva headed the Sri Lanka delegation at the 23rd ASEAN Regional Forum (ARF) held in Vientiane, Lao PDR on 26th July 2016. ARF is a Foreign Ministerial Meeting for security dialogue in the Asia-Pacific region and it seeks to promote regional development and prosperity. The ARF […]