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I am willing to serve Sri Lanka for few more years: Former CB Governor
June 23, 2015 (LBO) – Sri Lanka’s former Governor of the Central Bank, Ajith Nivard Cabraal says he is looking forward to use his knowledge and capabilities on behalf of the country. In a live interview broadcast through a local TV station, Cabraal revoked his past experiences.“I worked for the private sector for 33 years […]
Key public enterprises should be managed through an independent authority: Minister
June 23, 2015 (LBO) – Sri Lanka’s Power and Energy Minister Champika Ranawaka says that the CPC, CEB, Port and Airport should be managed through an independent authority.“Key public enterprises, namely, Ceylon Petroleum Corporation, Ceylon Electricity Board, Port and Airport should be run through an independent authority,” “However this proposal has not got the required […]
Sri Lanka obtains Rs 684 bn borrowings for the 4 months to April 2015
June 22, 2015 (LBO) – Sri Lanka’s new administration has obtained 684.2 billion rupees gross borrowings for the first four months to April 2015, the cabinet spokesperson said last week. The approved amount of loans to be taken in the year 2015 is 1,780,000 million or 1780 billion.According to the data submitted by Ministry of […]
Sri Lanka’s 20th amendment, a conspiracy against JVP
June 22, 2015 (LBO) – Sri Lanka’s Marxist JVP on Monday said there is a conspiracy against the JVP to block its representation in the Parliament through the newly proposed election reforms.Speaking at a media briefing General Secretary of the party Tilvin Silva told reporters that corrupted Parliamentarians has the intention of blocking the socialist […]
Sri Lanka stocks close higher 0.06-pct
Jun 22, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.06 percent with index heavy stocks showing gains, Monday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 4.50 points higher at 7,039.65 up 0.06 percent. The S&P SL20 closed 6.41 points higher at 3,912.69 up 0.16 percent. Turnover was 489 million rupees, down […]
‘s state-owned enterprises in commercial business skew the market: Mano
June 22, 2015 (LBO) – Sri Lanka State-Owned Enterprises in commercial business have an unfair advantage over other private companies which leads to a skewed market, a private enterprise leader said. This problem is compounded when the public is not aware of the situation due to an unavailability of information, he added. “ In my […]
Watawala Plantation share purchase by T Sinthilverl
Jun 22, 2015 (LBO) Sri Lanka’s Watawala Plantations in a stock exchange filing said that T Sinthilverl has purchased 457,301 shares of Watawala Plantations on 19, June for a price ranging 22.50 – 23.00 rupees. “This increases his holding to 23,788,134 shares,” the statement said.His holding in the share capital has now increased to 10.05 […]
Sri Lanka to recover GSP+ after Human Rights Council sessions in Geneva: PM
June 22, 2015 (LBO) – Sri Lanka will regain the GSP plus trade concession after the Human Rights Council sessions which are to be held in Geneva in September, Prime Minister Ranil Wickramasinghe said. The European Union withdrew the concessions in 2010 expressing deep concern over alleged human rights violations said to have occurred during […]
Sri Lanka Nurses’ Union insists immediate action to stop A H1N1 turns epidemic
June 22, 2015 (LBO) – All Ceylon Nurses’ Union has called on the health ministry to sketch a speedy programme to curb A H1N1 virus before turning it into an epidemic in Sri Lanka.As per the Union, by last week, over 25 people severely affected with the virus have died.“Most of them between the ages […]
Fairway Holdings to invest USD10.3 mn in mid-income apartment project
June 22, 2015 (LBO) – Sri Lanka’s Fairway Holdings, a luxury high-rise developer says that they will be venturing into a 10.3 million US dollar mid-income apartment project. “We have recognized that there is a need for mid-income apartments in the country,” Shivanka De Zoysa, Chief Operating Officer, Fairway Holdings said. “So with this in […]