Tag: lbo
Govt calls for exploration bids in block M2, Mannar Basin
Jan 18, 2019 (LBO) – Sri Lanka’s government has called for international competitive bids for exploration and development activities in Block M2, Mannar Basin, the Petroleum Resources Development Secretariat said.The M2 Block covering approximately 3,500 km2, has two gas discoveries, Dorado 91H/1z and Barracuda 1 G/1 and a number of un-drilled prospects, it added.The bidders are expected […]
Sri Lanka manufacturing activities decrease in Dec 2018
Jan 19, 2019 (LBO) – Manufacturing activities increased at a slower rate in December compared to November mainly driven by the slowdown in employment and production, especially in manufacturing of textiles, wearing apparels, leather and related activities, the Central Bank said. “A significant decline in employment was experienced as some employees moved to seasonal jobs for […]
Huawei CEO expects revenue to touch USD125Bn in 2019: 100Bn for R and D 5 years
(PRESS RELEASE) Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not released its total revenue for 2018 yet, but Eric Xu, one of the rotating chairmen at […]
Sri Lanka enters into five MOUs with Philippines
Jan 17, 2019 (LBO) – Sri Lanka and Philippines signed five Memorandum of Understanding (MOUs) on education, tourism, agricultural and economic corporation.Further strengthening the bilateral relations between the two nations the agreements come with President Maithripala Sirisena’s ongoing four-day state visit to the Philippines.The President arrived in Philippines on 15 January for a five-day State visit following an […]
Ailing rupee and price controls may lead to a shortage of milk powder: Advocata
Jan 17, 2019 (LBO) – A cup of tea is every Sri Lankan’s morning mantra. This might not be the case much longer as Sri Lanka may face a shortage of milk powder as several leading milk powder importers are reported to have taken a collective decision to suspend imports. The recent depreciation of the rupee […]
ICE holds Brunel International lecture on its bicentennial celebrations
Engineers need to care more about the world The Institution of Civil Engineers held the Brunel International Lecture in Colombo on 19th November 2018 to coincide with the bi-centennial celebrations of the Institution of Civil Engineers (ICE) and was organized by the Sri Lanka Association of the Institution of Civil Engineers (SLAICE).In 2018 ICE celebrates […]
‘s Colombo Port- city dredging completed ; Ready for investors
Jan 14, 2019 (LBO) – Sri Lanka’s proposed Financial City better known as the Port City has now fully completed land reclamation, Ministry of Megapolis and Western Province Development said. The new city will function as a special jurisdiction area with its own economic and commercial laws to facilitate operations of global multinational corporations. The completed […]
‘s CSCEC named as contractors for TRI-ZEN
Jan 14, 2019 (LBO) – Sri Lanka’s Braybrooke Residential Towers (Pvt) Ltd announced that it had appointed China State Construction Engineering Corporation Ltd (CSCEC) as the contractor for its residential project TRI-ZEN. The culmination of an ambitious joint venture between John Keells Holdings PLC and Indra Traders, the TRI-ZEN project aims to establish a vibrant […]
Sri Lanka Govt., IMF talks to start
Jan 14, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera led delegation arrived in Washington, Sunday for talks with the International Monetary Fund (IMF). In a twitter message the Finance Minister said that he plans to put the US 1.5 billion dollar Extended Fund Facility (EFF) program back on track. “Arrived in DC with @MangalaLK […]
ComBank introduces online and mobile banking registration via ATMs
(PRESS RELEASE) – The Commercial Bank of Ceylon has enabled its entire network of ATMs and CRMs for customers to conveniently register for Online and Mobile Banking facilities 24/7. To commence using Commercial Bank’s Online and Mobile banking facilities, customers simply need to go to an ATM with a valid ATM card and PIN, select […]
Sri Lanka President appoints more non-cabinet ministers
Jan 11, 2019 (LBO) – Three more parliamentarians have been sworn in by President Maithripala Sirisena to Sri Lanka’s government. Issuing a statement the Presidents office said two non-Cabinet and one deputy minister was sworn in earlier today. The appointments are as follows: Ravindra Samaraweera – Non-Cabinet Minister of Labour & Trade Union Relations V. […]
EMUI 9 is coming to Huawei P20 and Nova Series 3
(PRESS RELEASE) As an exciting year for HUAWEI the promise of an update for the HUAWEI Nova and P20 series is already on its way. The EMUI 9, which was first introduced to HUAWEI customers through the Mate 20 series, will be accessible to the users of HUAWEI Nova series and the HUAWEI P20 series […]