Tag: lbo
China special investment zone to create 1mn jobs in Hambantota
Jul 26, 2016 (LBO) – The Chinese government has requested for 15,000 acres of land in Hambantota for a special economic zone that will create around one million job in this area, the Minister of Development Strategies and International Trade said Tuesday. “Apart from the Chinese Free Trade Agreement, Chinese officials are also in discussions […]
Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains
TOKYO, July 27 (Reuters) – Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve’s policy decision capping gains. The safe-haven yen sat atop large gains as hopes for a large fiscal stimulus package out of Japan faded. MSCI’s […]
Malik assures ETCA and other FTAs won’t impact local jobs
Jul 26, 2016 (LBO) – Sri Lanka is currently at the formulating stage of Free Trade Agreements with China and Singapore and an “Economic Technology Cooperation Agreement” with India but these agreements will not lead to locals losing jobs, a minister said. “The government will not consider Mode 4 of the general trade agreement on […]
Sri Lanka CEB, LECO must keep regulatory accounts from 2017: PUCSL
Jul 26, 2016 (LBO) – Sri Lanka’s Public Utilities Commission (PUCSL) today launched training for regulatory accounts for Ceylon Electricity Board (CEB) and the Lanka Electricity Company staff. The two utilities are required to prepare and submit their accounts according to the newly introduced accountancy guidelines by the Commission by year 2017. “The regulatory accounts […]
Sri Lanka’s Commercial Credit to be part of LankaPay ATM network
Jul 26, 2016 (LBO) – Sri Lanka’s Commercial Credit Finance joined the LankaPay Common ATM Network, recently. LankaPay has 95 percent of automated teller machines in Sri Lanka and carries over 2.5 million domestic interbank ATM transactions every month. Other members of the network include People’s Bank, Bank of Ceylon, Hatton National Bank, Seylan Bank, […]
New Sales head at Altair
Indocean Developers, the promoter of the Altair twin tower high rise, has announced the appointment effective 15th July, of Jay Dias as Head of Sales and Marketing. Mr. Dias was till recently Head of Sales for City Hotels at Cinnamon Hotels & Resorts and was previously the Director Sales & Marketing at the John Keells […]
Maga Engineering to rehabilitate rural roads at Rs13.2bn
Jul 26, 2016 (LBO) – Sri Lanka’s construction firm Maga Engineering was recently awarded the contract to rehabilitate and improve rural roads in four districts of Sri Lanka, the company said. The project is formulated and financed by the Asian Development Bank and implemented by the Road Development Authority under the Integrated Road Investment Program […]
Commercial Bank in World’s Top 1000 Banks
The Commercial Bank of Ceylon PLC hasbecome the only Sri Lankan bank to be ranked among the Top 1000 Banks of the World for the sixth year running, setting yet another benchmark for consistency. This prestigious ranking is published annually by ‘The Banker’ magazine of the UK, and the 2016 list is based on the […]
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) – Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in their latest report. “Overall quality of teas, both from the Western and Eastern planting districts showed an improvement and consequently recorded a price appreciation of Rs. 20/- […]
UN Secretary General message on World Youth Day
Today’s world has the largest generation of youth in history. Their needs and potential are increasingly recognized in the international community. I am proud to have made youth issues a priority, including by appointing the first-ever Youth Envoy to serve as a liaison between the United Nations and the world’s young people. This elevation on […]
Sri Lanka FM statement following discussion with two visiting US Asst. Secretaries of State
It is a pleasure to welcome Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal and Assistant Secretary of State for Democracy, Human Rights and Labour Tom Malinowski to Sri Lanka and to this Ministry, once again. I am sure that by now, both Nisha and Tom are quite familiar to all […]
‘s BOI signs 46 new Investment agreements in June
Jul 11, 2016 (LBO) – The Board of Investment of Sri Lanka has signed 46 new investment agreements totaling 982 million US dollars, a statement said. The projects cover manufacturing, construction, mixed development, hotel, mini hydro power, trading house, solar power, apparel, research and development and education. Around 8,000 new direct employment opportunities will be created, the […]