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All borrowings since 2016 used to settle Rajapaksa loans: Mangala
On 9th January 2015, as the Rajapaksa family took-off to Medamulana, they flew past many of their white elephants. In Colombo, it was the Lotus Tower. As they landed, the empty and unused Mattala Airport, Hambantota Port, Cricket Stadium, IT Park, Cinema Park and Conference Hall must have come into view. The Treasury Building – […]
Price of Litro brand domestic gas cylinders down
The price of Litro brand gas cylinders has been reduced from midnight today. The prices of 5 Kg and 2.3 Kg LPG gas cylinders too have been reduced accordingly. The price of a 12.5 Kg LPG domestic Litro gas cylinder has been reduced by Rs 240.00 in Colombo District and by Rs 251.00 in all […]
We will ensure that Sri Lanka meets its voluntary intl commitments: Sajith
Oct 04, 2019 (LBO) – Presidential Candidate of the United National Front, Sajith Premadasa at an interaction with the Diplomatic Corps, assured that he is committed to working as a team in government, and ensure that Sri Lanka meets its voluntary international commitments. Addressing the Diplomatic Corps on Wednesday, Premadasa said that they are firmly […]
LankaPropertyWeb partners with HNB for Home Loan Products
LankaPropertyweb.com (LPW), Sri Lanka’s premier property site, recently tied up with Hatton National Bank (HNB) to offer its customers a range of home loan products. Through this expansion of services, LPW seeks to minimize the hassle buyers undergo in order to secure a credit facility to make a property purchase. Available through the LPW website, […]
MODSIT to fast track German investments in Sri Lanka
Oct 04, 2019 (LBO) – The Ministry of Development Strategies and International Trade (MODSIT) and the Board of Investment of Sri Lanka held an interactive meeting titled the German Sri Lankan Fast Track Dialogue with the German investor community, to address any issues faced by investors from Germany currently operating in Sri Lanka. The German […]
Mahindra bets big on Sri Lanka
Mahindra & Mahindra Ltd., a part of the US $20.7 billion Mahindra Group, emphasized the importance of Srilanka as a key strategic growth market in the company’s overall global growth strategy. With the recent inauguration of its 1st automotive assembly plant, the company is now fully equipped to deliver products customised to local needs, on […]
Mangala calls Mahinda to a public debate on debt status
Oct 04, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera called on former President Mahinda Rajapaksa to enter into a public debate on the true status of the national debt. Samaraweera addressing media on Thursday assured the island’s economy is now stable because of sound fiscal policies introduced over the past few years by […]
First Capital anticipates Sri Lanka ASPI to reach 6,000 by Dec 2019 & 6,500 by Jun 2020
Oct 04, 2019 (LBO) – First Capital Research expects the equity market to adopt an upward trajectory over the next 12 months as they expect the ASPI to reach the next stage of the market cycle “Hope” stage and the Optimism stage. With the expected uptrend, the research firm targets ASPI to reach 6,000 by […]
Daniel Alphonsus replaces Deshal de Mel as Advisor to Finance Minister
October 3, 2019 (LBO) – Finance Minster of Sri Lanka Mangala Samaraweera, speaking at a press conference on the management of the country’s debt situation, today announced that Daniel Alphonsus has replaced economist Deshal de Mel as Advisor to the Finance Minister. Alphonsus has a B.A. in philosophy, politics, and economics from Balliol College, Oxford […]
UK announces a further £10m of funding for stability projects
Minister of State for the Commonwealth, UN and South Asia and Prime Minister’s Special Representative on Preventing Sexual Violence in Conflict, Lord (Tariq) Ahmad of Wimbledon visited Sri Lanka on 1-2 October. At the same time, the UK announced over £10m of new funding to support long-term stability in Sri Lanka. The UK support will […]