Tag: lbo
CEB responds to shortcomings pointed out by power regulator
Apr 20, 2016 (LBO) – Sri Lanka’s Ceylon Electricity Board (CEB) has responded to shortcomings pointed out by the Public Utilities Commission of Sri Lanka (PUCSL) after recent island-wide power failures. In a letter dated 28th March, 2016, the CEB has agreed to the recommendations, but does not include a detailed explanation for the island-wide […]
Seylan Bank to sell Rs5bn in listed debt
Apr 20, 2016 (LBO) – Seylan Bank will sell up to five billion rupees in listed debt, the bank said in a statement.buy “The Bank’s board has approved to issue three billion rupees of debt with a further option to sell another two 2 billion rupees,” a stock exchange filing said. The debentures will be issued […]
Commercial Bank Dispenses Rs 21.54 billion in first 14 days of April
The Commercial Bank of Ceylon smashed itsrecords for cash dispensed via the Bank’s automated teller machine (ATM) network over a 14 day period this ‘Avurudu’ season, dispensing a jaw-dropping Rs 21.54 billion between 1stand 14thApril. On four of these 14 days, the 625-terminal network dispensed more than Rs 2 billion a day, with the peak […]
600 graduates of SriLankan Aviation College enter the world of aviation
600 young men and women qualified to embark upon rewarding careers in the international air transport industry at the graduation ceremony of the SriLankan Aviation College, one of Asia’s premier aviation academies, on Thursday (31st March) at the Bandaranaike Memorial International Conference Hall in Colombo. The SriLankan Aviation College is the academy of SriLankan Airlines […]
‘s top 10 FDI hotspots: US think tank
Apr 18, 2016 (LBO) – IHS Global Insight, a United States-based think tank, has listed Sri Lanka as one of the top 10 foreign direct investment (FDI) destinations in Asia. The other Southeast Asian countries projected to be the FDI hot spots in the region, are China, India, Bangladesh, Indonesia, Vietnam, Myanmar, Malaysia, The Philippines and […]
SriLankan flight instructed to return to Singapore base
Apr 18,2016 (lLBO) – SriLankan Airlines flight UL 309 of April 14, 2016 was instructed to return to Changi International Airport due to security reasons soon after it was airborne to Colombo. The flight later arrived in Colombo at 0042 hrs on April 15, 2016 with a total delay of 3 hours. “Upon its return to Singapore, the airport […]
‘s Hilton gets new board
Apr 12, 2016 (LBO) – Krishantha Cooray has been appointed Chairman and Non Executive Director of Hotel Developers Lanka (Hilton Hotel), a statement said. Following Non-Executive Directors too have been appointed: Athula Senanayake, Tehani S. Mathew, Dinouk Colombage, Sonali Liyanamana, Dhanushka R. Samarasinghe and M.Shezmin Manzoor, according to a filing to the Stock Exchange.
Sri Lanka’s govt. sets standard for appointing boards of SOE’s
Apr 08, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve a set criteria for consideration for appointing of chairmen and board of directors of State Owned Enterprises in the island. “Lack of a clear-cut policy directives with regard to management of Public Enterprises, failure to delegate decision-making to senior management, absence in commercial […]
Prime Minister and delegation in China to enhance bilateral relations
April 07, 2016 (LBO) – Sri Lankan Prime Minister Ranil Wickremesinghe left for an official visit to China on Wednesday, the Foreign Ministry said. This is Wickremesinghe’s first visit as the prime minister to China since the government of President Maithripala Sirisena was formed in January last year. On the April 6-9 visit, he will […]
Location, access to markets key for investors in Sri Lanka: CCC Survey
Apr 06, 2016 (LBO) – Sri Lanka is a unique business destination for foreign investors because of its strategic location and access to both east and west sea routes, a recent survey conducted by the Ceylon Chamber of Commerce found. The survey, conducted among the prospective investors who attended the Ceylon Chamber’s ‘Sri Lanka Investment and Business Conclave 2016’ held […]
Sri Lanka govt approves compensation for Rathupaswala victims
Apr 06, 2016 (LBO) – President Maithripala Sirisena has given his approval to provide 4.68 million rupees as compensation for 33 victims of Rathupaswala incident, a statement said. The President will present the compensation money to 24 persons, who are fully disabled or partially disabled or who are admitted to hospitals for treatment in the […]
Sri Lanka launch Green Energy Champion Campaign
The German Ministry of Foreign Affairs together with The Ministry of Power and Renewable Energy of Sri Lanka, and the project implementing partner Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and supporting partners Sri Lanka Sustainable Energy Authority and The Sri Lanka Energy Managers Association (SLEMA) launched The Green Energy Champion Sri Lanka initiative, a […]