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Ready to build Sri Lanka without blaming the past: President
Feb 06, 2020 (LBO) – President Gotabaya Rajapaksa says that his government will work with a commitment to save the country from the present chaotic situation without pointing fingers at the past for prevailing problems. He said that he accepted the challenge of rebuilding the country with a clear understanding of that the economy had […]
Teejay posts 9-month PBT of Rs2.4bn on sales of Rs26.3bn
Teejay Lanka PLC has reported profit before tax of Rs 2.364 billion at Group level for the nine months ending 31st December 2019, an improvement of 56% over the corresponding period of the previous year. Sales for the period grew by 15% to Rs 26.3 billion the Company said, with revenue for the 3rd quarter […]
Ceylon Dollar Bond Fund delivers 10.3-pct dollar return in 2019
Feb 06, 2020 (LBO) – The Ceylon Dollar Bond Fund that invests exclusively in the Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs reported a strong US$ performance of 10.3 percent in 2019 to investors. The January 2020 performance was 1.03 percent (annualised 12.18%) while the fund size reached 23 million US dollars […]
My uncle in law married to Ranil Wickremesinghe’s father’s sister: Cabraal
Feb 06, 2020 (LBO) – Former Governor of the Central Bank and current Senior Economic Advisor to the Prime Minister, Ajith Nivard Cabraal yesterday revealed the relationship he has with Former Prime Minister Ranil Wickremesinghe. Former Governor Cabraal, while holding office from July 2006 to February 2015, had several of his close relatives appointed to […]
Tribute: Ladies College girl Viola Welikala turns 100 today
February 6, 2020 (LBO) – Some say only the good die young, however, I can assure you that this is not the case. Today at 100, one of the unknown greats is still very much alive in mind, body and soul. This great lady is my grandmother, Viola Welikala, who is 100 years of age […]
Mobitel & Thuru’s reforestation project shortlisted at GSMA Global Mobile Awards 2020
Mobitel and Thuru’s joint project – ‘Reforestation through Technology’ – has been shortlisted for the ‘Best Mobile Innovation for Climate Action award’ at GSMA Global Mobile Awards 2020, popularly known as the GLOMO Awards, scheduled to be held in Barcelona in February 2020, where winners will be announced. This recognition is yet another feather in the cap […]
Opinion: Post-independence reflections, the gaps in our freedoms
By Erandi de Silva Seventy two years ago, Sri Lanka gained independence from the shackles of British rule. This meant the autonomy to govern our people, the freedom to create and maintain our institutions and the ability to carve our own political narrative. Beyond political liberty, independence also restored our control over land, resources, and […]
Hikka Tranz, Plasticcycle and MEPA launch projects to preserve reef
Hikka Tranz by Cinnamon (Hikka Tranz) together with the Marine Environmental Protection Authority (MEPA) and Plasticcycle – the Social Entrepreneurship project of John Keells Group, launched an initiative on the 30th of January 2020 to maintain a stretch of beach along the resort premises. This initiative looks towards the placement of specially designed plastic waste […]
SriLankan Airlines temporary reduces flights to China
Feb 06, 2020 (LBO) – SriLankan Airlines is rationalizing its services to China in accordance with current market conditions as per its long-held commercial policies, with a temporary reduction of frequencies to several cities. This is to better reflect present passenger demand in the wake of a significant reduction in the number of Chinese travelers […]
Stax creates roadmap to fixing bad air quality
In November 2019, the US embassy’s Air Quality monitor in Colombo registered a value of 167, whereas the accepted value of air quality stands at 50. Even though the figures fluctuate as of February 2020, the current air quality index is yet at 97 – almost twice the recommended figure. While this issue has been […]