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Softlogic Life Corporate Office moves to One Galle Face Tower
Marking a new era of unprecedented growth and top-of-the-line service ethos, Sri Lanka’s fastest-growing Life Insurer Softlogic Life has moved its Corporate office to One Galle Face Tower, an international-grade business tower in the heart of Colombo. The strategic move to a spanking new Office Building will include the Corporate Office of the Financial Services […]
‘s mandate and support General Elections
November 19, 2019 (LBO) – SLPP Parliamentarian Namal Rajapaksa has called on the UNP to support the dissolution of Parliament so that a General Election can be held. In order for Parliament to be dissolved before February, 2/3 of the 225 legislators must vote for dissolution. Reports have indicated that in order to respect the […]
S R Attygalle appointed Secretary to the Treasury & Finance Ministry
Nov 19, 2019 (LBO) – Former Central Bank Deputy Governor S R Attygalle has been appointed as the Treasury Secretary and Secretary to the Ministry of Finance. Former Treasury Secretary P B Jayasundera was appointed as the President’s Secretary. Jayasundera received his appointment letter from President Gotabaya Rajapaksa today. Oshada Senanayake was appointed as the […]
Peaceful electoral process marred by an uneven playing field: EU election observators
Nov 18, 2019 (LBO) – The European Union election observation mission (EU EOM) has concluded that the presidential election was largely free of violence and technically well-managed, but that unregulated campaign spending, abuse of state resources and media bias affected the level playing field. Presenting the mission’s preliminary statement in Colombo, Chief Observer Marisa Matias […]
CMTA appeals Customs to take action for Rs160mn duty loss on 13 Audi vehicles
Nov 18, 2019 (LBO) – The Ceylon Motor Traders Association (CMTA) appeals to the Sri Lanka Customs and the Ministry of Finance, to take the stronger action possible on the importer of 13 units of Audi A5 motor vehicles, and also on the customs officers who released the vehicles by wrongfully declaring the engine capacities. […]
ICRA explains key differences and implications of Central Bank bill to repeal monetary law act
Nov 18, 2019 (LBO) – The CBSL independence is a critical factor to have some level of discipline in the monetary policy and the new Central Bank Bill is an attempt to strengthen the institution and bring reforms to achieve this goal, ICRA Lanka Limited, subsidiary of ICRA Limited, Group Company of Moody’s Investors Service […]
United States looks forward to working with President Gotabaya Rajapaksa
Nov 18, 2019 (LBO) – The United States congratulates the people of Sri Lanka on their democratic presidential election and said they are looking forward to working with President Gotabaya Rajapaksa. The US embassy said in a statement that Sri Lanka has continued to show the strength and resilience of its republic with a free, […]
Gotabaya Rajapaksa sworn in as 7th Executive President of Sri Lanka
Nov 18, 2019 (LBO) – Gotabaya Rajapaksa took the oath of office on Monday as the 7th Executive President of the Democratic Socialist Republic of Sri Lanka. The swearing-in ceremony was held before the Chief Justice Jayantha Jayasuriya and Secretary to the President Udaya R. Seneviratne at the Ruwanweli Seya in Anuradhapura. “We want to […]
Sri Lanka stocks up after GR election victory
Nov 18, 2019 (LBO) – Sri Lanka’s All Share Index rose 94 points or 1.56 percent to 6,117 points in the first half of the day of trading following the election victory of Gotabaya Rajapaksa as the new President. Stock indexes were up across the board with index heavy John Keells Holdings showing a gain […]
Parliamentary Election to be decided after discussing with Speaker & Party Leaders: PM
Nov 17, 2019 (LBO) – Prime Minister Ranil Wickremesinghe says that he is looking forward to discussing the next parliamentary election with the Speaker, Party Leaders, and MPs of the Government. Issuing a special statement, Wickremesinghe congratulated the newly elected Seventh Executive President Gotabhaya Rajapaksa.