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Post-war Sri Lanka concentrated on development not reconciliation: President
May 19, 2015 (LBO) – Sri Lanka’s former administration, after winning a terrorist war against the LTTE has not concentrated on the reconciliation process, President Maithripala Sirisena said.“I think the post war Sri Lanka concentrated more on physical development rather than building reconciliation,” Sirisena said.He was speaking at the ‘Ranaviru Commemorative Parade 2015’ held in […]
Economic growth in Asia Pacific up slightly to 5.9-pct in 2015: ESCAP
May 19, 2015 (LBO) – Economic growth in Asia and the Pacific is expected to increase only slightly to 5.9 percent in 2015 from 5.8 percent in 2014, a recent report revealed. “Economic growth in Asia Pacific continues to fare well in the global context,” the Economic and Social Survey of Asia and the Pacific […]
‘s tertiary education sector needs more private investments: Economist
May 19, 2015 (LBO) – Sri Lanka’s public sector dominated education sector needs more private investments coming in through local or foreign channels to bridge the tertiary education gap, a senior economist said.“Sri Lanka will have to seriously consider bringing in the private sector to bridge tertiary education gap in the country with the new […]
The Lord Mayor of the City of London Visits CSE
May 18, 2015 (LBO) – The Lord Mayor of the City of London visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony. Yarrow also held discussions on the investment prospects of the Sri Lankan Capital Market and the potential for the growth of foreign direct investment under the new government. The […]
Sri Lanka stocks close lower at 0.05-pct
May 18, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.05 percent with the prevailing political uncertainty affecting investor sentiment, brokers said. The Colombo benchmark All Share Price Index closed 3.65 points lower at 7,255.02 down 0.05 percent. The S&P SL20 closed 11.94 points lower at 4,038.74 down 0.29 percent. Turnover was 1.1 billion […]
Sri Lanka Singer Plc to issue a debenture
May 18, 2015 (LBO) – Sri Lanka, Singer PLC, is to issue 20,000,000 rated senior unsecured redeemable debentures at an issue price of 100 rupees per share, the company said in a filing to Colombo Stock Exchange.The filing also said that the Colombo Stock Exchange has approved in principal an application for listing the debt […]
Sri Lanka will leave no room for power misuse: President
May 18, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena said that there won’t be any room left for the misuse of power and past incidents would be rectified.At a meeting held Sunday, President Sirisena asked, SLFP supporters whether they thought it would be right on his part, if he used his Presidential powers to […]
Disney film “Monkey Kingdom” filmed in Sri Lanka crosses US$14.3mn ticket sales
May 18, 2015 (LBO) – Sri Lanka tourism promotion office says, the Island is expecting a US tourism boom following the recently produced Disney documentary movie “Monkey Kingdom’s ticket sales crossing 14.3 million US dollars as at day 28 in United States. “This is a big win for Sri Lanka as in the documentary category […]
China, India sign 24 agreements and MOUs
May 18, 2015 (LBO) – China and India signed 24 agreements and MOUs aimed at boosting cooperation in areas including railways, aerospace, mineral exploitation, marine science and vocational education, foreign media reported.The agreements were signed during the recently concluded Indian Prime Minister Narendra Modi’s visit to China.“The two neighbors agreed to strengthen cooperation in marine […]
Sri Lanka’s DFCC and Vardhana bank to merge
May 18, 2015 (LBO) – Sri Lanka’s DFCC Bank and DFCC Vardhana Bank has applied to the Central Bank for provisional approval to merge, the banks said in a joint filing in the Colombo Stock Exchange.The statement said, the decision was made by the board of directors of DFCC and DVB after due consideration that […]