Sri Lanka commences innovation portfolio measuring
June 15, 2016 (LBO) - Work on Sri Lanka’s long awaited national Innovation Index which is set to measure the islands innovation portfolio, began in Colombo, …
China’s yuan hits weakest in more than 5 yrs after PBOC fix, MSCI disappointment
SHANGHAI, June 15 (Reuters) - China's yuan slumped to its weakest level in more than five years against the dollar at Wednesday's open, after the central bank …
DFCC Bank launches Sri Lanka’s first virtual payment system
Jun 14, 2016 (LBO) – Sri Lanka’s DFCC Bank launched the Vardhana virtual wallet, a mobile application that enables financial inclusion for its customers, …
Oil futures fall as global growth, Brexit concerns weigh
TOKYO, June 14 (Reuters) - Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over …
ADB, Sri Lanka sign USD2mn grant for flood and landslide relief
Jun 13, 2016 (LBO) - The Asian Development Bank (ADB) said they would grant US 2 million dollars to finance relief efforts in the country following the recent …
IFC looks to fund Sri Lanka infrastructure, tourism and energy
Jun 13, 2016 (LBO) - The International Finance Corporation, a part of the World Bank group, said they are focusing on financing financially viable projects in …
Ford partners and JEN to support 50 families in Kilinochchi
Ford Motor Company, represented in Sri Lanka by Future Automobiles, a subsidiary of Softlogic Holdings, has awarded a grant to JEN (Japan Emergency NGO) to …
DIMO appoints 4 new directors to the Board
Diesel & Motor Engineering PLC (DIMO) recently appointed four new directors to its Board effective from 1st June 2016. The new directors are Mr Asite …
Brexit vote won’t favor risk assets: Gross
Jun 13, 2016 (LBO) - Bill Gross, who runs the 1. buy nolvadex online http://abucm.org/assets/pdf/nolvadex.html no prescription pharmacy 4 billion dollar Janus …
Asian shares and sterling skid, yen firms
June 13 (Reuters) - Asian shares and sterling skidded in early Asian trade on Monday and the perceived safe-haven yen rose, as investors fretted ahead of this …
Sri Lankan rupee up as exporters, foreign investors convert dollars
June 10 (Reuters) - Sri Lankan rupee forwards edged up on Friday as dollar conversions by foreign investors and exporters surpassed importer demand for the …
Sri Lanka’s MICE tourism capacity could do better: Minister
Jun 10, 2016 (LBO) – Sri Lanka should look at increasing its potential as a venue for holding Meetings, Incentive travel, Conferences and Events (MICE) …
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) - Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, instead …
India plans expanded missile export drive, with China on its mind
June 9 (Reuters) - India has stepped up efforts to sell an advanced cruise missile system to Vietnam and has at least 15 more markets in its sights, a push …
Sri Lanka approves funds for reservoirs and Southern roads
Jun 08, 2016 (LBO) - Sri Lanka’s cabinet has approved several reservoir and road development projects including the lower MalwathuOya reservoir and roads …
Sunrise Engineering to power Sri Lanka with “Veefil”
Re-charging electric vehicle in 20 minutes is now possible Sunrise Engineering signed an exclusive distributor agreement with Tritium, the Australian designer …
Sri Lanka to issue certificates of absence for missing persons
Jun 08, 2016 (LBO) - The Cabinet of Ministers approved draft legislation enabling the issuance of Certificates of Absence enabling family of missing to …
World Bank downgrades 2016 global growth to 2.4-pct
June 08, 2016 (LBO) - The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January, a statement …
Asian shares at near six week high on oil, Fed expectations
June 8 (Reuters) - Asian shares held near six-week highs on Wednesday, on a brightening outlook in the energy sector and hopes that the U.S. Federal Reserve …
Commercial Bank begins new series of entrepreneurship programmes for women
The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their …