Tag: lbo
Sri Lanka electricity use safer with new square pin plugs: PUCSL
Sep 13, 2016 (LBO) – Sri Lanka’s power regulator announced the implementation of national standard for plug and socket outlet in Sri Lanka for non-industrial applications with the aim of uplifting the safety of electricity consumers. Public Utilities Commission of Sri Lanka (PUCSL) said that currently different types of plugs and sockets are used to […]
‘s unemployment 4.2-pct in first quarter 2016
Sep 13, 2016 (LBO) – Sri Lanka’s unemployed is estimated as 349,686 during the first quarter 2016 and the unemployment rate was 4.2 percent, marginally down from the average 4.6 percent in 2015. According to the latest data the estimated economically active population is about 8.3 million in the first quarter, of which 63.3 percent […]
Japan provides school meals in Northern Sri Lanka through WFP
Sept 13, 2016 (LBO) – The Government of Japan will provide 230 million Japanese Yen (330 million rupees) as food grant assistance to Sri Lanka for school meals in the Northern Province through World Food Programm’s Food Assistance Program. From 2012 to 2015, the Government of Japan has provided food grant assistance amounting to 740 […]
‘s dovish comments
TOKYO, Sept 13 (Reuters) – Asian stocks rose early on Tuesday, boosted as Wall Street rallied overnight after Federal Reserve Board Governor Lael Brainard brought relief to risk asset markets by reducing prospects of a near-term interest rate hike. The dollar, on the other hand, nursed losses against its peers after Brainard reiterated her dovish […]
CCC proposes amendments to Sri Lanka’s customs ordinance
Sep 12, 2016 (LBO) – The Ceylon Chamber of Chamber has made several proposals for the amendment of Sri Lanka’s Customs Ordinance. The Import Section of the CCC organized a seminar to discuss the proposed new customs law and the change in the current customs ordinance focusing on areas such as how the new law […]
Sri Lanka Sampath Bank gets new MD
Sep 09, 2016 (LBO) – Sampath Bank Sri Lanka named Nanda Fernando as it’s new Managing Director following the retirement of Aravinda Perera. Nanda Fernando was Chief Operating Officer of the bank and has been with the bank since its founding, the bank said in a stock exchange filing. He will assume duties from 13 […]
Huawei introduces new MediaPads
(PRESS RELEASE) – Huawei the fastest growing smartphone brand in Sri Lanka, has introduced a series of MediaPads expanding its portable computer tablets product portfolio in Sri Lanka. The products available in the market are the MediaPad T1-7”, MediaPad T1-10” and the MediaPad M2 8.0 with an excellent price ranging from LKR 16,999, 33,499 and […]
Asian shares slip after ECB disappointment, oil jumps
TOKYO, Sept 9 (Reuters) – Asian shares slipped and global bonds came under pressure on Friday after the European Central Bank left markets in the dark on what future easing steps it may take, while oil prices jumped on an unexpected drawdown in U.S. stockpile. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 […]
Asia shares, bonds spooked by central bank risks
SYDNEY, Sept 12 (Reuters) – Asian shares skidded on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. Reports that the Bank of Japan was considering ways to steepen the Japanese yield curve, along with speculation that central […]
Maldives calls Sri Lanka to bid for housing, hospitals and power projects
Sep 08, 2016 (LBO) – The Maldivian High Commissioner in Sri Lanka Zahiya Zareer has invited Sri Lankan firms to invest in development projects in Maldives. “We are opening big projects for international bidding, such as airport development, housing, hospitals and renewable power projects’,” she said. “Even now there are big Sri Lankan Companies operating […]
Emirates extends Facebook competition in Sri Lanka
(PRESS RELEASE) – Emirates has announced an extension of its competition currently on Facebook exclusively for fans in Sri Lanka, to enable more people to participate and stand a chance to win an exciting visit to Dubai. The competition invites participants to tell Emirates in 35 words or less, why they want to visit Dubai. […]
Asia shares near 1-year top, await China trade data, ECB
SYDNEY, Sept 8 (Reuters) – Asian shares hovered near one-year peaks on Thursday as investors awaited Chinese trade data and a policy meeting by the European Central Bank, where it may announce an extension of its asset buying campaign. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent, but that followed four days […]