Tag: lbo.lk
Sri Lanka in investor spotlight, as new era dawns: OBG
(PRESS RELEASE) – Sri Lanka’s plans to boost foreign direct investment through a raft of pro-business policies and incentives are mapped out in a landmark report just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG). The Report: Sri Lanka 2016 looks in detail at the government’s vision for boosting economic […]
Kia goes East with smart new Sales Centre
(PRESS RELEASE) – Kia Motors (Lanka) has opened its first Vehicle Sales Centre in Sri Lanka’s Eastern Province as part of the company’s on-going dealership development initiative. The new showroom, which will be operated as a franchise by M/s N.K.D. Ratnam and Co., an experienced player in the automobile trade, is located at 570, Trinco […]
Aitken Spence PLC Joins CSE to Open Trading for August
Aitken Spence PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today and pledged to play its part in furthering the nation’s economic vision and growth. The market opening ceremony was organized to mark the first trading day for the month of August. Making remarks on behalf of Aitken Spence, […]
We need to position our country: Harsha de Silva
Aug 02, 2016 (LBO) – Sri Lanka’s deputy minister of foreign affairs says that as a nation we need to ease rules and attract investment and build confidence on the global platform. “The wide global audience has not received the Sri Lankan message that we are ready for investment,” Harsha de Silva, deputy foreign affairs minister […]
Asian shares subdued, RBA rate decision awaited
TOKYO, Aug 2 (Reuters) – Asian shares edged lower in early trading on Tuesday, taking their cues from a modestly lower day on Wall Street as U.S. crude oil prices slid. The Reserve Bank of Australia’s policy board will decide on Tuesday whether rates should be left at 1.75 percent or trimmed a quarter point […]
Melstacorp to become Distilleries parent, 180-degree share swap
Aug 01, 2016 (LBO) – Melstacorp limited will become the parent company of Distilleries Company of Sri Lanka PLC (DCSL) and other subsidiaries of the current DCSL Group, a statement said.. Distilleries Company of Sri Lanka PLC (DCSL) announced a reorganization of the shares and stated capital of DCSL and its fully owned subsidiary Melstacorp […]
Sri Lanka could better harness bio-gas: Waste Management Authority
Jul 29, 2016 (LBO) – Bio-gas can be used in Sri Lanka as a cheaper and cleaner renewable energy alternative to petroleum-based fuels, a senior official said. “Using domestic waste management and converting it into bio gas could be a boon to the developing island’s rising demand for energy,” said Nalin Mannapperuma, director, Waste Management […]
EBL Introduces Hybrid Electric Vehicle (HEV) Battery Revitalizing Technology in Sri Lanka
(PRESS RELEASE) – Edirisinghe Brothers (Pvt) Ltd., (EBL) announced the opening of Hybrid Hub; a purpose-built facility for the testing, conditioning and rebuilding of batteries for Hybrid Electric Vehicles (HEV) – the only such facility in Sri Lanka. Mr. Sanka Edirisinghe Co-Chief Operating Officer, Hybrid Hub, alluded to the changes in Sri Lankan vehicle owners’ […]
No more debate on monorail vs. LRT, Japan confirms funding
Jul 29, 2016 (LBO) – Sri Lanka’s government confirmed that the Japanese government will fund the islands proposed Light Rail Transit (LRT), ending a debate on monorail vs. LRT following the conclusion of a high level delegation visit from Japan, Thursday. “The delegation, led by Hirofumi Katase the Vice Minister for Economy, Trade and Industry of […]
Asian shares flat, yen hits 2-week high ahead of BOJ
TOKYO, July 29 (Reuters) – Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the Bank of Japan will come up with stimulus that would meet markets’ expectations. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early […]
Sri Lanka launch first free pre-hospital care ambulance service with Indian grant
(PRESS RELEASE) – In a groundbreaking initiative, the country’s very first fully fledged free pre-hospital care ambulance service numbering a collective of 88 state of the art fully equipped vehicles was flagged off at Galle Face Green. To be operated initially in the Southern province with the service rolled out into the Western Province within […]
CA Sri Lanka Exam Pass Rate Increases with new curriculum
(PRESS RELEASE) – The new curriculum introduced by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) last year has paved way for a significant increase in the pass rates of students who sat for the institute’s examinations this year in their pursuit to become globally sought after Chartered Accountants. CA Sri Lanka […]