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Audits of campaign financing needed in Sri Lanka Elections: Commissioner
23 Aug, 2015 (LBO) – Sri Lanka should amend election laws so that campaign funding of political parties is transparent and audited, says Mahinda Deshapriya, the island’s elections commissioner.“In future, political parties and candidates must be made to declare how much money they spend on election related activities, while there should be an audit of […]
UN urges Sri Lanka’s national unity govt to lock long term peace
Aug 24, 2015 (LBO) – Sri Lanka new national unity government should seize the opportunity they got after polls in August to advance long-term peace for all Sri Lankans, United Nation’s general secretary said. “The Secretary-General encouraged the Prime Minister and the national unity government to seize this opportunity to advance long-term peace for all […]
Stock markets fall most in 4 Years on worries about China
Aug 22, 2015 (LBO) – International markets took a beating on Friday on worries about China’s economy. The Dow Jones Index fell 3.1 percent to finish at 16,459 points. The market is down 10 percent from its all-time high in May after its 1,000 point drop this week. This has been the dow’s worst week […]
Ceypetco To
22 Aug, 2015 (LBO) – Sri Lanka’s Ceylon Petroleum Corp will seek to, a report said.“There has been a change in the refinery process and it’s now more profitable for (Ceypetco) to,” a source told Reuters.“There is a higher yield of value-added oil products like middle distillates and gasoline and the sulphur is low.” Sri […]
US Ambassador to Sri Lanka and Maldives presents credentials to President
Aug 21, 2015 (LBO) – The new U.S. Ambassador to Sri Lanka and Maldives Atul Keshap presented his credentials today to President Maithripala Sirisena at a ceremony in Colombo.The ceremony marks the official beginning of Keshap’s tenure as the U.S. Ambassador to Sri Lanka, US Embassy of the United States of America in Colombo said.Ambassador […]
Sri Lanka stocks close up 0.3-pct
Aug 21, 2015 (LBO) – Sri Lankan stocks closed up 0.29 percent on Friday with index heavy stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed up 21.35 points at 7,471.17 up 0.29 percent. The S&P SL20 closed 3.09 points higher at 4,148.68 up 0.07 percent. Turnover was 959 million rupees, […]
Sri Lanka to prioritize food production, environment and drug eradication in first cabinet meeting
Aug 21, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena says he will present proposals for national programs to be implemented for local food production, environmental preservation and drug eradication, at the first meeting of the new cabinet.According to the proposal, local food production programmes which make the country self-sufficient will be implemented in several […]
Asia Capital Q1 loss lower at Rs92 million
Aug 21, 2015 (LBO) – Sri Lanka’s financial services firm Asia Capital PLC reported a loss of 92 million rupees for the first quarter to June, down from a loss of 120 million rupees in the same quarter last year, in interim results released to the Colombo Stock Exchange.Annual revenue rose to 1.6 billion rupees […]
Sri Lanka’s exports declined 4.2 pct in June while imports up: Central Bank
Aug 21, 2015 (LBO) –Sri Lanka’s exports earnings recorded a decline of 4.2 per cent, year-on-year, to 944 million US dollars in June 2015, led by lower earnings from tea, textiles and garments, rubber products and seafood exports.Total imports rose 13.5 percent to 1.33 billion dollars led by imports of vehicles for personal usage and […]
