All Blogs
’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister Ravi Karunanayake said earler today in Colombo. “We have not reduced a single cent from the allocation of the development projects which are legitimate,Karunanayake told journalists.We won’t pay the money,if there is […]
‘s Highways and Investment Ministry clarifies controversial bond issue
Mar 09, 2015 (LBO) – Sri Lanka’s Highways and Investment Promotions Ministry said that it had asked for funds from the Finance Ministry but had no control over the decision to issue an extra 30-year bonds two weeks ago.The Ministry said in a statement that most of the projects carried out by the then Ministry […]
Sri Lanka Telecom Group gets a new CEO
March 09, 2015 (LBO) – Sri Lanka Telecom, the national telecommunications provider has appointed Dileepa Wijesundera as their new group chief executive officer, with effect from 9th March 2015.Wijesundera, an engineer by profession held key positions in the country’s public sector including the chairmanship of Sri Lanka Ports Authority, Sri Lanka Land Reclamation and Development […]
‘s president to appoint a committee to probe bond market allegations
Mar 09, 2015 (LBO) – Sri Lanka’s president Maithripala Sirisena has instructed his secretary to appoint a three member committee to investigate bond market allegations leveled against the central bank bond issue.The full text of the press release issued by the presidential secretariat is reproduced below. Media Release President to appoint a 3-member Committee to […]
Sri Lanka to raise 30 billion rupees from treasury bonds: CBSL
Mar 09, 2015 (LBO) – Sri Lanka’s Central Bank has decided to issue 30 billion rupees of treasury bonds soon after accepting 10 billion rupees from a controversial bond issue.The bank will auction three types of bonds tomorrow at 10 billion rupees each. “The Government’s immediate needs for cash to make payments for the bills […]
‘s Highways and Investment Ministry clarifies controversial bond issue
Mar 09, 2015 (LBO) – Sri Lanka’s Highways and Investment Promotions Ministry said that it had asked for funds from the Finance Ministry but had no control over the decision to issue an extra 30-year bonds two weeks ago. ”The Ministry of Finance determines the manner in which the said funding is raised.” This statement […]
‘s president to appoint a committee to probe bond market allegations
Mar 09, 2015 (LBO) – Sri Lanka’s president Maithripala Sirisena has instructed his secretary to appoint a three member committee to investigate bond market allegations leveled against the central bank bond issue.The full text of the press release issued by the presidential secretariat is reproduced below. Media Release President to appoint a 3-member Committee to […]
Sri Lanka to raise 30 billion rupees from treasury bonds: CBSL
Mar 09, 2015 (LBO) – Sri Lanka’s Central Bank has decided to issue 30 billion rupees of treasury bonds soon after accepting 10 billion rupees from a controversial bond issue. The bank will auction three types of bonds tomorrow at 10 billion rupees each. “The Government’s immediate needs for cash to make payments for the […]
Sri Lanka tourist arrivals up 16.7-pct
Mar 09, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 16.7 percent to 165,541 in February 2015 from a year earlier with a surge in tourist arrivals from China, data from the state tourism promotion office showed. In the past two months of 2015 tourist arrivals were up 11.6 percent to 321,787. Arrivals from China […]
Sri Lanka ruling party says electoral reforms would be brought; election dates may change
Mar 09, 2015 (LBO) – Sri Lanka’s ruling United National Party (UNP) today said that electoral reforms would be brought in the forthcoming elections if all other parties agreed.The new government had said that it would hold the election on of April 23. Kariyawasam said this date might change.According to the 100-day programme we will […]