Tag: lbo
Indian govt to develop KKS harbour at a cost of USD 45Mn
Jan 16, 2018 (LBO) – The Government of India will rehabilitate and upgrade the Kankesanthurai (KKS) Harbour as a commercial port at a cost of US 45.27 million dollars, the Finance Ministry said in a statement. The project will be financed through a line of credit from the Export-Import Bank of India (Exim Bank). Preliminary Hydrographic survey geo-technical investigation, preparation of detail […]
LG Election 2018 : An interview with Duminda Attygalle, UNP candidate
An Interview with Duminda Attygalle, UNP Candidate for the Colombo Municipal Council – Cinnamon Gardens Ward What makes you want to go into politics? I draw inspiration from my late grand uncle, Upali Wijewardene. Upali Seeya founded the Upali Group and Chaired the Greater Colombo Economic Commission (BOI’s predecessor), but was always principled and helpful […]
CPA comments on Supreme Court decision of Presidents office term
(PRESS RELEASE) – The Centre for Policy Alternatives (CPA) made representations today on behalf of itself and its Executive Director, Dr. Paikiasothy Saravanamuttu, intervening in the reference made by President Maithripala Sirisena to the Supreme Court regarding his term of office as President. On 8 January 2018, media reports indicated that President Sirisena had sought […]
CEAT Kelani to invest Rs3Bn in local tyre industry , Eyes US market
Jan 11, 2018 (LBO) – Sri Lankan tyre manufacturer, CEAT Kelani said they will invest 3 billion rupees in the local industry over next two years. Unveiling its masterplan to local media the Indo-Lanka Company said it will set up a new truck bus radial tyreplant while also doubling production of radials and motorcycle tyres and […]
Sri Lanka Govt issues new guideline for visa
Jan 11, 2018 (LBO) – The cabinet of ministers has given the go ahead to regularize and update the present method of visa issuing in Sri Lanka. According to the latest statement on cabinet decisions it was decided to collect visa charges in US Dollars instead of Sri Lankan Rupees and to add following to […]
Sri Lanka lifts ban on sale of liquor to women
Jan 11, 2018 (LBO) – Sri Lanka’s Finace Ministry announced that the government will lift the ban on sale of liquor to women in retails outlets and employment of women in bars. Issuing a statement the ministry said that Minister of Finance Mangala Samaraweera has revoked the prohibition on selling liquor to women and employing women […]
Virtusa’s Smart ATM Recognized at The International Business Awards
(PRESS RELEASE) – Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that it has been awarded a Bronze Stevie Award at The 2017 International Business Awards for Best New FinTech Product or Service of the Year for the company’s Smart ATM solution, a unique […]
Piliyandala – from 15th century transit point to Colombo’s main transport hub
By Lanka Property Web Piliyandala, a popular suburb is located 18 KM south from Colombo. It ranks among the top suburbs in the western province due to population size and it’s surrounded by manybustling suburbs such as Maharagama, Moratuwa, Kesbawa and Pannipitiya. Piliyandalaconsistently managed to become a sweet spot for residences as it’s distance from […]
SLAITO and THASL hail the upcoming promotion plan of Sri Lanka Tourism
(PRESS RELEASE) – In a joint communique, The Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotel Association of Sri Lanka (THASL) appreciated the efforts by Sri Lanka Tourism Promotions Bureau (SLTPB) and Sri Lanka Tourism Development Authority (SLTDA) to expedite the Digital advertising campaign planned for early 2018 and the Global advertising […]
Special parliament sitting to discuss bond scam on 10th Jan
Jan 09, 2018 (LBO) – Sri Lanka’s Parliament has been convened for a special sitting on Wednesday morning to discuss the Bond report following the request of Prime Minister Ranil Wickremesinghe.Acting Secretary-General of Parliament Neil Iddawala issuing a press release yesterday said all Parliamentarians have been informed to attend the special sitting.The Premier is scheduled […]
Sri Lankan Banks to Step up Basel III Tier 2 Issuance: Fitch
Jan 08, 2018 (LBO) – Sri Lankan banks are likely to significantly boost issuance of Basel III-compliant Tier 2 instruments in 2018, says Fitch Ratings. Most banks will need to raise capital to meet higher Basel III requirements that take full effect in January 2019, and to support balance-sheet expansion, the rating agency said issuing […]
Rajagiriya flyover to open today, speed of vehicles to increase eight-fold
Jan 08, 2017 (LBO) – President Maithripala Sirisena will declare open the Rajagiriya flyover on January 08, providing long term solutions for the heavy traffic congestion in the area. Issuing a statement the Presidents media unit said that during the times of heavy traffic congestion in Rajagiriya, the speed of the vehicles moving on this road […]