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Sri Lanka stocks close flat
Apr 10, 2015 (LBO) – Sri Lanka’s stocks closed flat with low investor activity due to the upcoming new year holidays, brokers said. The Colombo benchmark All Share Price Index closed 1.77 points higher at 6,901.06 up 0.03 per cent. The S&P SL20 closed 6.16 points lower at 3,888.33 down 0.16 per cent. Turnover was […]
Sri Lanka’s bond investigation report handed over to PM: Committe Chair
Apr 10, 2015 (LBO) – Sri Lanka’s committee appointed to probe controversial bond issue has handed over their report to the Prime Minister, yesterday, Chairman of the Committee said.“We have already handed over the report,” Attorney-At-Law Gamini Pitipana, Chairman of the Committee told LBO.“Yesterday, we gave this fact finding committee report to the Prime Minister […]
Sri Lanka looks at cheaper international borrowings : Ravi Karunanayake
Apr 10, 2015 (LBO) – Sri Lanka is looking at cheaper borrowing from the international market, Finance Minister Ravi Karunanayake said.“Yes we are considering that,” Karunanayake said. Sri Lanka’s Total Debt to Gross Domestic Product (GDP) ratio increased to 88.9 percent from reported 74.4 percent of the government debt by the end 2014, the Finance […]
Sri Lanka’s President keeps promise to curtail powers: Dissolution soon
Apr 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena said in a statement that the relevant clauses of 19th Amendment to the Constitution will be amended and presented to Parliament on April 20 this year.The statement also said the Parliament would be dissolved after the passage of the 19th Amendment is passed. “This would […]
Sri Lanka SEC appoints Vajira Wijegunawardene as the new DG
Apr 10, 2015 (LBO) – Sri Lanka’s security exchange commission (SEC) has appointed Vajira Wijegunawardene as the Director General, a source said. The post had been vacant for the past three years. Wijegunawardene brother, Kapila Wijegunawardene, was recently named the chairman of Sri Lanka cricket’s new four-member selection committee. Statement by SEC Vajira Wijegunawardane has […]
‘s dream on hold
Apr 10, 2015 (LBO) – Sri Lanka’s new constitutional changes will not affect any article that requires a referendum, Prime Minister Ranil Wickremesinghe stressed.Wickremesinghe who was keen on reducing the autocratic powers of the executive presidency assured Parliament Thursday that they are only changing articles that need a two third of the Parliament majority. “At […]
Sri Lanka’s bond investigation report handed over to PM: Committe Chair
Apr 10, 2015 (LBO) – Sri Lanka’s committee appointed to probe controversial bond issue has handed over their report to the Prime Minister, yesterday, Chairman of the Committee said. “We have already handed over the report,†Attorney-At-Law Gamini Pitipana, Chairman of the Committee told LBO. “Yesterday, we gave this fact finding committee report to the […]
Sri Lanka’s fuel consumption almost doubled: Energy Minister
Apr 09, 2015 (LBO) – Sri Lanka’s fuel consumption has doubled after the reduction of fuel cost by the new regime’s interim budget 2015, Minister of Power and Energy, Patali Champika Ranawaka said.“We reduced the cost of fuel and thought that the people would put the savings in other investment,” “But we found that fuel […]
‘s Colombo Stock Exchange increases listing fees
Apr 09, 2014 (LBO) – Sri Lanka’s stock exchange has increased its existing fees that should be payable by companies seeking a listing of its securities, the CSE said in a statement.The CSE has obtained the necessary approval from the securities and exchange commission with regard to the amendment of section 11 of its listing […]
“The world”, a luxury residential yacht visits Sri Lanka
Apr 09, 2015 (LBO) – Sri Lanka’s Colombo and Galle shores were recently visited by privately owned residential yacht “The World”, with hundred and sixty five residents on board from 19 different countries a statement said.The ship is 644 feet long and has 165 individual homes gives the experience of owning a luxury house which […]