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President pays attention to social issues relating to Norochcholai Coal Plant
President Gotabaya Rajapaksa mediates to resolve environmental and social issues caused by the Norochcholai Coal Power Plant. He directed that the coal power plant should be operated according to proper technical procedures and environmental standards. The President made these remarks during a meeting held at the President’s Office, today (17) with the Archbishop of Colombo […]
‘t be used to attack entire Judiciary: BASL
Jan 17, 2020 (LBO) – Bar Association of Sri Lanka emphasizes that individual incidents cannot be permitted to be used to attack the entire judiciary as the judiciary is an extremely important institution for the protection of individual liberties and upholding the rule of law. Releasing a statement the association said that they have brought […]
Planters’ Association urges policy makers to make final decision on oil palm cultivation
Jan 17, 2020 (LBO) – Planters’ Association of Ceylon urges policy makers to urgently convene a meeting of all stakeholders in order to make a final determination on the subject of oil palm cultivation in Sri Lanka, after having fully considered all available and verified scientific and economic data on the subject. Full Statement Sri […]
Domestic helicopter flights resume from Galle Face
Jan 17, 2020 (LBO) – Sri Lanka’s government has granted permission for domestic aviation operators to use the helipad at the Galle Face allowing tourists and locals to travel quickly between key cities on the island. Accordingly, four domestic operators, IWS Aviation, Senok Aviation, Sakurai Aviation, and Daya Aviation has joined this service. A helipad […]
Trade deficit narrows marginally in Nov with imports, exports declining
Jan 17, 2020 (LBO) – Sri Lanka’s trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining, the latest Central Bank data showed. The deficit in the trade account declined in November to US dollars 762 million, from US dollars 785 million in November 2018. The trade deficit contracted by US […]
US-China deal helps world growth stabilise; uncertainties persist: Fitch
Jan 17, 2020 (LBO) – The signing of the US-China “Phase One” trade deal will boost business confidence and supports our view that global economic growth will stabilise in 2020, Fitch Ratings says. But its full impact will depend on how the deal is implemented, including whether China can meet its commitment to dramatically increase […]
Masatsugu Asakawa assumes office as President of Asian Development Bank today
“I am honored to assume the role of ADB President and to begin working in close cooperation with our 68 member countries. ADB has been a trusted partner of the region for more than half a century, supporting strong growth that has improved the lives of people across Asia and the Pacific. I will strive […]
Milford Ceylon buys 19-pct of Softlogic Life
Jan 17, 2020 (LBO) – Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs.2.6 billion. Shares amounting to 71.25 million shares was acquired at 37.00 rupees each, the company said in a stock exchange filing, Thursday. The seller was DEG or State Street Munich […]
Mobitel & ‘CareerMe’ takes on career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile Service provider, has partnered with CareerMe, a fully-fledged career guidance app and web platform developed by a local company in partnership with an Australian body, to aid students, teachers, parents and other industry professionals alike […]
Daraz partners with department of Samurdhi development to uplift rural entrepreneurs
Daraz Sri Lanka partners with the Department of Samurdhi Development to enhance the economic engagement and success of small-scale entrepreneurs in rural Sri Lanka. This partnership will train and empower Samurdhi entrepreneurs and small manufactures to use the versatile Daraz platform – currently host to over 25,000 sellers, and over 1.5 million customers – to […]