Tag: lbo.lk
John Keells Hotels says social media and online marketing will boost brand presence
June 5, 2015 (LBO) – Sri Lanka’s John Keells Hotels, a leading hotel operator with a portfolio of 11 hotels and 1,336 rooms in Sri Lanka and Maldives says that company’s social media strategy and online marketing strategy will help boost brand presence in the global tourism market. “Our Company remains positive that the newly […]
Netherlands To Explore Opportunities In Sri Lanka’s Dairy Sector
Jun 05, 2015 (LBO) – A Dutch delegation of dairy companies will visit Sri Lanka in June to explore doing business with local firms and support the island’s dairy industry, the embassy said in a statement.“This visit should result in long term business activities which will contribute towards economic development in Sri Lanka and the […]
Sri Lanka’s Finance ministry to fund halted projects in Colombo
June 5, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake yesterday said that the government will allocate 1,296 million rupees for 390 projects in the Colombo District which were halted due to lack of funding.“These projects should have been completed last year.But the government has not given funds,” Karunanayake told LBO. “So now we […]
Cycling Culture Can Help Cure Sri Lanka’s Road Congestion: Min Ranawaka
Jun 04, 2015 (LBO) – Cycling can help reducing the congestion on Sri Lanka urban roads and conserve energy, Minister of Power and Energy said. “A vehicle needs to travel at 60-70 km/h to be fuel economical, this was possible in the 1980’s in Colombo, but now it has become 8 km/h and in the […]
Sri Lanka to provide air facilities to concur Asian tourist arrivals: Minister
Jun 01, 2015 (LBO) – Sri Lanka increase tourist arrivals from the Asia – Pacific region through bi-lateral aviation agreements, a Minister said. “There has been a significant improvement in the tourist arrivals in the past few years and a notable increase in the Asia-Pasific region,” Reginald Cooray, Minister of Aviation said.“We anticipate that this […]
Sri Lanka’s National Development Bank subordinated debentures rated A+(lka): Fitch Ratings
Jun, 01, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank proposed subordinated debentures of up to 10 billion rupees a final National Long-Term Rating of ‘A+(lka)’. Full statement follows Fitch Ratings Lanka has assigned National Development Bank PLC’s (NDB; AA-(lka)/Stable) proposed subordinated debentures of up to LKR10bn a final National […]
‘s highways ministry replies former president Rajapakse; RDA obtained loans providing false docs
June 1, 2015 (LBO) – Sri Lanka’s Ministry of Highways and Investment Promotion says road development funds has been misused during the Rajapakse regime and the Road development Authority has even obtained a loan from National Savings Bank providing false documents during the period. The ministry said this in a statement today, in replying to […]
Sri Lanka’s telcos should provide high speed broadband infrastructure to face digital era: Dialog Chief
June 01, 2015 (LBO) – Sri Lanka’s telecom operators should provide high speed broadband infrastructure to cope up with the emerging digital era in the world and provide more network sharing to cut operating costs, Dialog Chief Executive Hans Wijayasuriya told shareholders in the annual report.“Structural transformation and industry profitability telecommunications operator’s world over, along […]
Sri Lanka appoints committee to look into Chinese port city continuation
May 31, 2015 (LBO) – Sri Lanka’s government plans to appoint a committee to consider the ability of permitting the continuation of the controversial Chinese funded project, after correcting the lapses and procedures, Cabinet Spokesman Rajitha Senarathne said.The proposal was made by Prime Minister Ranil Wickramasinghe in his capacity as the Minister of policy planning […]
Sri Lanka to host international marine life conference in 2016
May 29, 2015 (LBO) – Sri Lanka will host the second International conference on marine mammals in the Indian ocean to help promote and encourage conservation of the species around the island, an official said. “Our job is to ensure that this rich bio-diversity and habitat of these animals are protected,” Prof Lakdas Fernando, President, […]
Sri Lanka sign USD107mn deal for road development with ADB
May 29, 2015 (LBO) – Sri Lanka’s government signed a US 107 million dollar road development loan agreement with the Asian Development Bank (ADB), the bank said in a statement.“The US 107 million dollar second tranche loan agreement is part of a US 800 million dollar multi-tranche financing facility to upgrade roads,” the statement said. […]
”’: Fitch
May 29, 2015 (LBO) – Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. The full statement follows Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. KEY RATING DRIVERS The expected rating is in line with Sri Lanka’s Long-Term Foreign […]