Tag: lbo
Asian shares near 1-year high, dollar slips after soft U.S. data
TOKYO, Aug 10 (Reuters) – Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate increase following weak U.S. productivity data, which drove the dollar and Treasury yields lower. MSCI’s broadest index of Asia-Pacific shares excluding Japan rose 0.1 percent, staying near a one-year high hit […]
Sri Lanka needs to accelerate broadband development: Harin
Aug 09, 2016 (LBO) – Sri Lanka’s government says that as the island embarks on a journey of transformation to become a digitally enabled and empowered society, the importance of having a robust fixed-broadband base to build upon is critical. “We strongly believe that this is indeed the ripe time to accelerate broadband development in […]
Asia shares up as yield hunt drives record flows, pound slips
SYDNEY, Aug 9 (Reuters) – Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts at Bank of America Merrill Lynch noted the search for yield […]
ROYAL TURF CLUB COMMENCES RACES ON 20 AUGUST
Nuwara Eliya is going to be buzzing again. It was almost as if the town had gone into hibernation thanks to the rain in the months of June and July, But suddenly there’s a ripple of excitement in the air and it’s all emanating from the Home of the Royal Turf Club – The Race […]
Promoting Biogas among Local Technical Officers for Greener and Sustainable Construction Efforts
(PRESS RELEASE) – Janathakshan Gte Ltd and People in Need, Cz conducted a biogas awareness and promotional workshop on renewable energy, biogas and waste management for 65 technical officers on July 29, 2016 at the Western Province Waste Management Authority. The technical officers belonged to local authorities in Western Province and are those in-charge of […]
Asian stocks rise as investors hunt for yield; Aussie shines
HONG KONG, Aug 8 (Reuters) – Investors flocked to higher-yielding assets on Monday after strong U.S. jobs data on Friday lifted confidence – driving up Asian stocks and the Australian dollar. Although the strong U.S. data dampened the safe-haven appeal of government debt with Japanese 10-year bond futures tanking in early trade, futures markets were […]
PUCSL says gaps in new CEB generation plan, 300MW LNG approved
Aug 08, 2016 (LBO) – Sri Lanka’s power regulator Public Utilities Commission (PUCSL) has not given the full nod for the Ceylon Electricity Board’s (CEB) base case generation plan saying it has not addressed all the original concerns raised, the Commission said in a letter to the CEB. “The Commission is of the view that […]
Rio Olympics 2016 commence today, nine Sri Lankan athletes compete
Aug 05, 2016 (LBO) – Nine athletes from Sri Lanka have traveled to compete in eight events at the 2016 Summer Olympic Games which will officially begin in Rio today. The nine-member team will be captained by Anuradha Indrajith Cooray. The rest of the team includes, Niluka Rajesekara and Sumedha Ranasinghe as athletes; Mathew Abeyasinghe […]
Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: Unity Through Business” Programme in Trincomalee would be organized in Trincomalee District and would provide opportunities to the participating SMEs and the stakeholders of the Food and Beverage […]
Asia gains on BoE easing boon, key US jobs data awaited
TOKYO, Aug 5 (Reuters) – Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit stimulus campaign, but some caution before a big U.S. jobs report limited gains. An overnight rally in crude oil prices also sharpened risk appetites, while sterling nursed deep […]
Sri Lanka tourist arrivals up 19-pct in July, crosses 1mn
Aug 05, 2016 (LBO) – Sri Lanka’s tourist arrivals in July were up 19 percent to 209,351, with China and India showing the strongest growth, the state tourism office said. Arrivals up to the first seven months rose 16.7 percent to 1.17 million visitors. India remains the largest source market with a 12 percent growth […]
Sri Lanka to look at new exports in boat building, pharmaceuticals, IT/BPO: EDB
Aug 04, 2016 (LBO) – Sri Lanka is seeking to expand its export basket as it is essential that the island looks at export diversification and finds new markets, head of the state export promotion office said. Indira Malwatte, head of Sri Lanka’s Export Development Board, said boat building is one such avenue that is […]