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First Capital assigns higher probability for neutral monetary policy stance
Aug 20, 2019 (LBO) – Sri Lanka’s First Capital Research believes that the Central Bank may delay the monetary easing while allowing the impact of the previous rate cut to materialise. With manufacturing and credit signaling signs of recovery in economy and vulnerabilities affecting the external outlook, they assign a higher probability of 70 percent […]
‘s appointment undermines Sri Lanka’s reputation: US Embassy
Aug 19, 2019 (LBO) – The United States is deeply concerned by the appointment of Lieutenant General Shavendra Silva as Army Commander, releasing a statement the US Embassy in Colombo said. “The allegations of gross human rights violations against him, documented by the United Nations and other organizations, are serious and credible,” the embassy said. […]
New Norwegian Ambassador presents credentials
New Norwegian Ambassador Trine Jøranli Eskedal presented her credentials to President H. E. Maithripala Sirisena at the President’s House today. Prior to assuming her position as the Norwegian Ambassador to Sri Lanka, she was Head of Section at the International Department of the Norwegian Parliament (Storting) in Oslo from 2016 to 2019. Previously she has […]
‘s new Army Commander
Aug 19, 2019 (LBO) – President Maithripala Sirisena has appointed Lieutenant General Shavendra Silva as the new Commander of the Sri Lanka Army. The appointment came after Army Chief Lieutenant General Mahesh Senanayake officially retired from service yesterday. Reports said that Silva’s appointment will be for a period of 4 months along with 6 months […]
Softlogic Holdings report 7-pct growth in first six months 2019
Softlogic Holdings top line witnessed a 7% growth to Rs. 17.1 billion during the quarter ended JUNE 30, 2019 following the decline in consumer demand and business sentiments. The top contributors to Group revenue were Retail (49%), Financial Services (22%) and Healthcare Services (20%). The non-core vertical which includes Automobile and Leisure & Property together […]
JVP declares Anura Kumara as their presidential candidate
Aug 18, 2019 (LBO) – Sri Lanka’s Marxist Janatha Vimukthi Peramuna (JVP) today declared its leader Anura Kumara Dissanayaka as their presidential candidate during a rally held at the Galle Face Green. National People’s Power, under the leadership of the JVP and 28 other political & civil organizations is set to contest at the upcoming […]
Special hotline 1913 for public complaints on illegal liquor
Aug 18, 2019 (LBO) – Sri Lanka’s Excise Department will launch a special four-digit hotline 1913 from tomorrow to receive public complaints on illegal Liquor. This round the clock 24-hour hotline will receive confidential complaints about illegal manufacturing of liquor in any part of the country. According to Commissioner General of Excise Department, transporting and […]
‘s to lose
August 17, 2019 (LBO) – Noise. That is how one can describe the presidential aspirations of the most talked about candidates in Sri Lanka today. Whether it is UNP Deputy Leader Sajith Premadasa, former Defence Secretary Gotabaya Rajapaksa or even current President Maithripala Sirisena, the airwaves are blanketed with moves and counter moves from each […]
Sri Lanka commence construction of USD2.2Bn LRT project
Aug 16, 2019 (LBO) – The Ministry of Megapolis and Western Development has commenced phase one of the construction work of the Malabe and Colombo Fort Light Rail Transit (LRT) project. The Ministry has commenced the borehole testing of 200 locations to start construction of the pillars required for the LRT. Five specialized companies have […]
Melstacorp records Rs. 8.9 bn PAT for 2018-19
Aug 16, 2019 (LBO) – The Melstacorp group’s profit after tax for the financial year 2018-19 was 8.9 billion rupees compared to the previous year’s figure of 6.2 billion rupees, up by 41 percent. Group turnover reached 156 billion rupees and the group contributed 64 billion rupees as taxes during the same financial year. Melstacorp […]