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Mahinda Rajapaksa sworn in as Prime Minister of Sri Lanka
Nov 21, 2019 (LBO) – Former President Mahinda Rajapaksa on Thursday took oaths as the new Prime Minister of Sri Lanka before his younger brother President Gotabaya Rajapaksa at the Presidential Secretariat. Ranil Wickremesinghe officially informed the President today that he resigned from the PM post to allow the new President to form a caretaker […]
Gotabaya released from all indictments filed over D A Rajapaksa memorial case
Nov 21, 2019 (LBO) – President Gotabaya Rajapaksa has been released from all indictments filed over the alleged misappropriation of public funds for the construction of the D A Rajapaksa Memorial. The Permanent High Court’s Trial at Bar also decided to lift the overseas travel ban imposed on Rajapaksa and to release the impounded passport. […]
Sri Lanka election result increases policy uncertainty: Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka’s presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, Fitch Ratings says. However, whether these risks materialise remains to be seen as a clear policy direction may only start to emerge after parliamentary elections. Gotabaya Rajapaksa of the […]
‘s resignation statement (English)
November 21, 2019 (LBO) – Ranil Wickremesinghe released a brief statement on his impending resignation as Prime Minister. The 5 time PM’s recent 5-year tenure was tarnished by the actions of former President Maithripala Sirisena, whose erratic and unconstitutional actions lead to a breakdown in national security and downturn in the economy. Despite having to […]
I decided to resign from the post of Prime Minister: Ranil Wickremesinghe
Nov 20, 2019 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says that he has decided to resign from the post of Prime Minister, allowing the new President to form a new government. Making a special statement, he said that he will announce this to the President tomorrow (21). “I met President Gotabhaya Rajapaksa on […]
Opinion: Time for Ranil Wickremesinghe to crack the whip
November 20, 2019 (LBO) – Gotabaya Rajapaksa is the President of Sri Lanka. The former Defence Secretary won the just concluded Presidential election with a massive majority of over 1.3mn votes. His leading contender, former UNP Deputy Leader Sajith Premadasa, was not even able to garner 42% of the total vote, while Rajapaksa secured over […]
Russian Navy training ship arrives at port of Hambantota
Nov 20, 2019 (LBO) – Russian Navy training ship ‘Perekop’ arrived at the port of Hambantota on a goodwill visit yesterday and she was welcomed by the Sri Lanka Navy in accordance with naval traditions. A delegation comprising the Defence Attaché of the Embassy of the Russian Federation in Sri Lanka, Colonel Denis I.Shkoda and […]
Turkey: Your next destination for business
Nov 20, 2019 (LBO) – The Ceylon Chamber of Commerce in association with the Embassy of Turkey in Sri Lanka will be organising a presentation on “Turkey – Your Next Destination for Business”, followed by a networking session at the Ceylon Chamber of Commerce on 2nd December 2019, at 4.00 p.m. On the invitation of […]
Ceylinco Life unfazed by conditions, posts impressive 9-month results
PBT up 54.8% to Rs 5.8 billion on net income of Rs 22.8 billion Net premium income grows 5.5% to Rs 13.3 billion Life Fund increases by 4.8% to Rs 92.3 billion Ceylinco Life has posted robust income and profit growth for the nine months ending 30th September 2019, continuing the Company’s sector-leading performance into […]
EASA extends SriLankan Engineering’s maintenance certification
Nov 19, 2019 (LBO) – The European Aviation Safety Agency (EASA) has extended an important certification of SriLankan Engineering, the aircraft Maintenance-Repair-Overhaul (MRO) arm of SriLankan Airlines, following a comprehensive audit. The reaffirmation of the EASA Part-145 certification strengthens SriLankan Engineering’s positioning as a key provider of aircraft maintenance and engineering services for airlines throughout […]