Tag: lbo
Galle Face Properties commence construction of Renuka Tower
Apr 25, 2018 (LBO) – Sri Lanka’s Renuka Holdings Group said its subsidiary, Galle Face Properties Limited had started construction work on the 32-storey ‘Renuka Tower’. “The project will be funded with a mix of debt and equity,” the company said in a stock exchange filing. “A potion of the equity will be funded through a prospective […]
Sri Lanka Foreign Minister attends Berlin Energy Transition Dialogue
Minister of Foreign Affairs Tilak Marapana, attended the Berlin Energy Transition Dialogue (BETD), which commenced under the patronage of Federal Foreign Office and Federal Ministry for Economic Affairs and Energy of Germany on Tuesday 16 April 2018. In recent years, the Berlin Energy Transition Dialogue has become a leading international forum for high-level policymakers, industry […]
‘s massive OBOR hub for Asia bullish on Sri Lanka FTA
Apr 25, 2018 (LBO) – The South East Asian Gateway Province to mainland China’s ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness the historic Sri Lanka – China FTA’s take-off – so that bigger bilateral trade would become a reality soon. “Currently total bilateral trade between Yunnan and Sri Lanka is only US […]
NTB launch Open API Banking
Apr 25, 2018 (LBO) – Sri Lanka’s Nations Trust Bank has launched a API Banking Platform enabling clients to integrate the bank’s services directly into their own systems and workflows. An API or Application Programming Interface is simply a set of clearly defined rules of communication that allow client’s systems to efficiently communicate with the Bank’s […]
LAUGFS excel at CMI management excellence awards
Reinforcing the leadership force that drives LAUGFS, Lfinity – Chief Operating Officer (COO), Muditha Thebuwana and LAUGFS Gas – Deputy General Manager, Kaushala Amarasekara emerged winners at the Chartered Management Institute Management Excellence Awards (CMI-MEA) 2017 held recently. While Muditha was bestowed the “Most Innovative Manager” award in the Service Sector – Small and Medium, […]
Capacity building to manage public debt and liability is need of the hour: Eran
Apr 23, 2018 (LBO) – Sri Lanka as a developing nation needs to focus on building capacity for public debt and liability management as matter of priority, State Minister of Finance said. “We recognize the importance of putting in place policies to reduce debt vulnerabilities and also look forward to hearing the perspectives of the WB and […]
Resus Energy to add more hydro power to national grid
Hydro electricity is the oldest and the principal source of electricity generation in Sri Lanka. Its unique geography renders the country perfectly suited for hydropower generation through large scale and mini hydropower plants. Joining the latest technologies with an environmentally responsible business proposition to generate renewable and sustainable energy, Resus Energy PLC operates several such […]
Richard Pieris Finance to merge with Chilaw Finance
Apr 20, 2018 (LBO) – Sri Lanka’s Richard Pieris Finance Ltd, will merge with Chilaw Finance PLC.The merger will see Richard Pieris Finance Ltd. asset base grow by 16 billion rupees with a projected growth of 1.7 billion rupees Profit Before Tax by 2020.It will also see a rapid expansion of its branch network and […]
‘s CPC receives overhaul to boost efficiency
Apr 19, 2018 (LBO) – The Ceylon Petroleum Corporation’s (CPC) Sapugaskanda Oil Refinery successfully completed a 35-day overhaul and renovation programme recently, aimed to boost efficiency, reliability and productivity of the refinery. The 50-year-old facility,which is the only oil refinery in Sri Lanka, refines imported crude oil to supply 30 percent of the energy demand […]
Sri Lanka will ensure resource utilization in sustainable manner: President
Apr 19, 2018 (LBO) – Our Government’s “Blue-Green” economic plan will ensure the full utilization of the ocean and other natural resources of Sri Lanka in an environmentally friendly and sustainable manner’, said President Maithripala Sirisena delivering the keynote address at the Commonwealth Business Forum, Wednesday. I call upon everyone present here to join hands […]
Sri Lanka imposes 15-pct tax on gold imports
Apr 19, 2018 (LBO) – Sri Lanka has imposed a 15 percent tax on gold to tackle possible smuggling to India, where it is more expensive, the finance ministry said. The tax came into effect midnight on Tuesday. Sri Lanka’s gold imports rose 72 percent to 15,750 kilograms in 2017 while in the first quarter of […]
Opinion: The Glyphosate Story, CKDu, food security and national economy
Time-tested weed control techniques/tools such as glyphosate,have been removed without scientific proof, affecting our food security and national economy The ban has opened up avenues for business crooks to import the product illegally Glyphosate ban should be lifted and we should continue research on effective and economically viable alternatives By Professor Buddhi Marambe […]