Tag: lbo.lk
Asian shares at near six week high on oil, Fed expectations
June 8 (Reuters) – Asian shares held near six-week highs on Wednesday, on a brightening outlook in the energy sector and hopes that the U.S. Federal Reserve will not raise interest rates in the coming months after a disappointingly weak U.S. jobs report. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat after hitting […]
Commercial Bank begins new series of entrepreneurship programmes for women
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their importance to the national economy. The programme conducted in Matara in collaboration with the National Enterprises Development Authority (NEDA) was attended by more than 100 women entrepreneurs who are involved in micro, […]
ODEL launches LUV Sigiriya campaign to protect historic site
ODEL clean up team hauls down 40 sacks of rubbish from Lion Rockon World Environment Day Callous visitors defile the historic Sigiriya rock with 40 sack loads of rubbish each day, an alarming fact brought vividly alive by employees of ODEL who undertook to clean up the site to mark World Environment Day this year. […]
Sri Lankan rupee trades steady; seen rising on IMF loan, inflows
June 7 (Reuters) – The Sri Lankan rupee traded steady on Tuesday as dollar conversions by exporters were offset by dollar demand by importers even as hopes rose the currency would go up slightly after the IMF approved a $1.5 billion loan, dealers said. The IMF executive board approved the three-year loan over the weekend, […]
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With the recent launch of the WEDF 2016 to be held in Sri Lanka in October, the EDB has taken a bold step towards creating a true sense of the word of Public, Private Partnership. Several leading professionals who have been invited from national chambers and product associations to steer various “action groups” have been […]
Brandix honours Supply Chain partners at Vendor Summit
Inspired performances by supply chain partners in FY 2015-16 contributed to the best year to date for apparel powerhouse Brandix, which honoured its top vendors at a gala Vendor Summit in Sri Lanka last week. The top 100 vendors from the 350 that account for Brandix’s annual raw material spend attended the summit, half of […]
Sri Lanka’s needs to replace traditional workplace with new strategies: JLL
techJun 06, 2016 (LBO) – Sri Lanka should be developing new workplace strategies and new workplace methods soon to cater to changing trends, Jones Lang LaSalle (JLL), a global real estate company, said in a report. “The era of using desktop computers, having a permanent workstation, individual landlines, and making copious print-outs is likely to […]
Asia stocks hit 5-week high after cautious Yellen
June 7 (Reuters) – Asian shares hit a five-week high on Tuesday after Federal Reserve Chair Janet Yellen said U.S. interest rate hikes are likely on the way, held back any reference to the timing. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Nikkei average firmed 0.2 percent. The Fed […]
Sri Lankan rupee up as IMF approves USD1.5 bln loan
June 6 (Reuters) – Sri Lankan currency gained on Monday as investor sentiment got a boost after the International Monetary Fund approved a three-year, $1.5 billion loan over the weekend, in a move that is expected help support the country’s reform agenda. The IMF executive board has approved the loan, the global lender said on […]
Global economies stuck in low growth trap, Policy makers need to keep promises: OECD
Jun 06, 2016 (LBO) – The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path, the OECD’s latest economic outlook says. “Growth is flat in the advanced economies and has slowed in many of the emerging […]
Radiant Eye Hospital launches web site
Radiant Eye Hospital officially launched its unique website radianteye.lk on Thursday, 2 June 2016. The launch was experienced by healthcare professionals, stakeholders and members of the media. Heading the team is the hospital’s founder Dr. Shamintha Amaratunga, an eye surgeon who has built a reputation for excellence in the field of eye care. Dr. Amaratunga […]