Tag: lbo
Sri Lanka BPPL Holdings IPO oversubscribed
Mar 08, 2017 (LBO) – Sri Lanka’s brush exporter BPPL Holdings said its initial public offer of 30. 68 million ordinary shares at 12 rupees each was oversubscribed the opening day. The company said in a stock exchange filling that therefore they were closing the offer, Tuesday. The company also known as Beira group said Hirdramani […]
Sri Lanka to train foreign service in economic diplomacy: Harsha
Mar 07, 2017 (LBO) – Sri Lanka’s government will be training its officials in the foreign service through a online economic diplomacy course with Harvard University to help improve the island’s investment and export promotion, a deputy minister said. “Sri Lanka is running a race, where we are behind Thailand, Vietnam, Myanmar and Malaysia,” Harsha […]
‘s real estate industry calls for more regulation
Mar 07, 2017 (LBO) – Sri Lanka’s real estate brokers, agents and developers need to professionalize services with the involvement of the the government to ensure future growth, industry officials said. “The emerging and perhaps urgent need of the real state industry is for some type of regulation to be introduced in order to regulate […]
President Sirisena on State Visit to Indonesia
(PRESS RELEASE) – President Maithripala Sirisena who left for Indonesia this morning, 6 March 2017, arrived in Jakarta today. He will participate in the20th Anniversary Summit of the Indian Ocean Rim Association (IORA) in which Sri Lanka is a founding member, on 6 and 7 March. This will be followed by a State Visit on 8 March. A State Visit to Indonesia takes place […]
Flemington Rajagiriya Apartments records 60-pct of apartments sold
(PRESS RELEASE) – Colombo, 07 February 2017 – Sri Lanka’s first Australian inspired condominium, The Flemington, Rajagiriya records 60% of apartments sold, following the start of construction in November 2016. The Rajagiriya condominium project by EliSh Development, marketed to the local market, has seen 70% of apartments sold to Sri Lankans residing locally and 30% […]
‘s Foreign Minister takes part in IORA
(PRESS RELEASE) – Minister of Foreign Affairs, Hon. Mangala Samaraweera attended the Ministerial Meeting of the 20th Anniversary of the Indian Ocean Rim Association (IORA) in Jakarta, Indonesia. The meeting is being held on the theme of “Strengthening maritime cooperation for a peaceful, stable and a prosperous Indian ocean region”. Speaking at the discussion on the future […]
President inaugurates 4th SAARC Public Procurement Conference
(PRESS RELEASE) – The Fourth South Asia Region Public Procurement Conference commenced under the patronage of President Maithripala Sirisena in Colombo, Monday. The Conference will continue until February 23 in Colombo and Kandy. The Conference is an annual learning, knowledge and experience sharing, and networking event for the Heads of Public Procurement Agency or Authority […]
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) – Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government integrity and judicial freedom contributing towards the slip, a new report showed. The US-based Heritage Foundation, in their annual Index of Economic Freedom, said that economic […]
Sri Lanka Participates in SATTE Travel Exhibition in New Delhi, India
(PRESS RELEASE) – Forty seven Sri Lankan companies, Sri Lanka Tourism Promotion Bureau and Sri Lankan Airlines participated at the South Asia Travel & Tourism Exchange (SATTE) 2017 which is one of the largest travel and tourism exhibitions held in India. Galadari Hotel, Hilton Hotel, Kingsbury Hotel, Jet Wing Travels (Pvt.) Ltd., Aitken Spence Travels, […]
World’s largest car, truck carrier to call at Hambantota port
Feb 20, 2017 (LBO) – MV Hoegh Tracer, the world’s largest pure car and truck Carrier (PCTC), belonging to Hoegh Autoliners AS, Oslo, is scheduled to call at Hambantota port during the first week of March 2017 under its local agency Diamond Shipping Services (Pvt.) Ltd. The vessel is plying under MIAF service (Middle East, […]
Asia shares adrift for US holiday, focus on Unilever
SYDNEY, Feb 20 (Reuters) – Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar recouped early losses ahead of a busy week for Federal Reserve speakers. Turnover was light with U.S. markets closed for the Presidents Day holiday. MSCI’s broadest index of Asia-Pacific shares outside […]
Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) – The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee Hsien Loong said following a dinner with Premier Ranil Wickremesinghe. In a FB post on Saturday, Lee said, “We talked about the FTA that we are negotiating, which we hope to […]