Tag: lbo.lk
Sri Lanka power regulator warns CEB on long term generation plan
Jul 07, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) has warned that immediate action was necessary and that the Ceylon Electricity Board needs to expedite its submission of the Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2015 – 2034 with the relevant changes. “You are required to submit the LCLTGEP 2015 -2034 […]
Port City to increase local and foreign real estate demand: RIU
Jul 07, 2016 (LBO) – Colombo Port City project now incorporated under the overall Megapolis plan will create a rising demand for real-estate from local and foreign investors alike, a research firm said. “The projects impact on the Colombo real estate market will be a long-term consideration” Research Intelligence Unit (RIU), a firm which specialize in real-estate […]
Asia stocks bounce, upbeat U.S. data soothes nerves
July 7 (Reuters) – Asian share markets crept cautiously higher early on Thursday after upbeat U.S. economic data took the sting out of losses in European equities and lifted Wall Street to a firmer finish. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.5 percent, having shed 1 percent on Wednesday when fears […]
CIO Forum Explores the Future with Robotic Process Automation
The recently concluded CIO Forum held at the Kingsbury saw the country’s top chief innovation officers gather to learn the latest advancements in the field of Robotic Process Automation (RPA) and its applications. As discussed and debated at the forum, these new paradigm shifts in IT automation have widespread disruptive implications for the local market […]
LBO LBR Brand Summit 2016 adds LSEG as partner
The LBO LBR Brand Summit 2016, to be held on July 12, has signed London Stock Exchange Group (LSEG) Business Services Limited Sri Lanka as a partner for this potentially life-changing event that offers both the speakers and content to enable the evolution of the field of marketing locally. With this year’s theme of “Building […]
DIMO to expand Agriculture-related businesses under “DIMO Agri” brand
Diesel and Motor Engineering (DIMO) PLC, one of the leading automobile companies in Sri Lanka, is aiming to expand its presence in the agriculture sector, while creating a new identity as “DIMO Agri” in the industry. DIMO Agri Machinery Division brings world’s best engineered agri-based brands such as Mahindra Tractors, CLAAS Harvesters and has supported […]
Sri Lanka to collaborate with Guangdong Gems and Jade Exchange
Jul 05, 2016 (LBO) – Sri Lanka Gem and Jewellery Association (SLGJA) together with the National Gem and Jewellery Authority signed a Memorandum of Collaboration with the Guangdong Gem and Jade Exchange to develop more trade opportunities. “The agreement signifies a new phase of development between the trades of Sri Lanka and China to explore further mutual-beneficial cooperation […]
The all new Volvo XC90model secures over 120 awards globally
Volvo cars, the world renowned Scandinavian car brand announced that it had won more than 130 international awards during the year 2015 and 2016 for the sophisticated new look of the Volvo range, its world-leading innovation and engineering excellence. The all new Volvo XC90 in particular proved to be a strong competitor in the […]
Opinion: Is it time to close the Dehiwela Zoo?
Jul 05, 2016 (LBO) – I long for a Sri Lanka where our animals enjoy the same freedom and protection from fear and harm as people do, and are respected and revered. Over the years, concerned citizens of Sri Lanka, organizations, visitors to the Zoo, and the media have highlighted issues of suffering and inadequate […]
Asian shares slide as investors ponder stimulus outlook
July 5 (Reuters) – Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that central banks will provide more stimulus to offset a likely downturn triggered by Brexit. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, but was still within reach of […]
Asia shares fall, bonds surge as Brexit fears resurface
July 6 (Reuters) – Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risk assets of all stripes. Concerns about the impact on already fragile global growth spread to commodity markets where oil prices were buckling […]
Sri Lanka tourist arrivals up 2.2-pct in June 2016
Jul 05, 2016 (LBO) – Sri Lanka’s tourist arrivals grew just 2.2 percent to 118,038 in June 2016 from a year earlier, with arrivals from India and China continuing their upward trend, government data showed on Monday. In the six months to June total tourist arrivals grew 16.2 percent to 964,267. Total arrivals hit a high […]