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Nestlé opens third milk chilling centre in Mannar district
(PRESS RELEASE) – Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk fresh until it is transported to […]
Sri Lanka Public Services Trade Union asks Speaker to act on parliamentary majority
Nov 09, 2018 (LBO) – The Public Services National Trade Union Federation called on Speaker Karu Jayasuriya to go along with the 116 legislators who wanted him to take up the question of resolving the crippling political crisis. The full statement follows:
S R Attygalle & H A Karunaratne promoted to Deputy Governors of CBSL
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CA Sri Lanka renews agreement with CPA Australia
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) renewed the Mutual Recognition Agreement (MRA) with CPA Australia recently, in an effort to enhance the standing of the members of both accounting bodies. The agreement was signed by CA Sri Lanka President Mr. Jagath Perera and CPA Australia President Mr. Peter Wilson in […]
Sri Lanka Central Bank rejects recent news articles on increased money printing
Nov 07, 2018 (LBO) – Sri Lanka’s Central Bank on Wednesday rejected newspaper articles published about the increased money printing by the Central Bank in the past few days. The Central Bank says the concepts and facts in such articles remain grossly inaccurate and advised general public to refer to accurate technical articles that are […]
CSE & GRI announce next round of workshops for listed companies
The Colombo Stock Exchange (CSE) announces the next round of workshops on corporate transparency and sustainability to be conducted in partnership with the Global Reporting Initiative (GRI). The workshops are set to be conducted on 04th and 05th December 2018 at the Ramada Colombo. These interactive workshops, which will be exclusive to representatives of companies […]
Democrats retake House, Republicans retain Senate in US midterm elections
Nov 07, 2018 (LBO) – Democrats will seize the control of the lower house of Congress in midterm elections while Trump’s Republicans will retain control of the Senate, projections of the leading television networks of the United States showed. Taking control of the lower chamber of Congress for the first time in eight years will […]
Central Bank releases step by step guide to doing business in Sri Lanka
Nov 07, 2018 (LBO) – The Eighth edition of “A Step by Step Guide to Doing Business in Sri Lanka” has been published by the Central Bank. The guide has been categorized under three main chapters; ‘Starting a Business’, ‘During the Business’ and ‘Other Activities’, contains useful information for the business community, potential entrepreneurs, foreign […]
Opinion: Ranil Wickremesinghe is fighting the good fight, and he will win it
November 7, 2018 (LBO) – A fortnight ago, Sri Lanka was shocked at the news that former President Mahinda Rajapaksa had been sworn in as the nation’s Prime Minister. Initial reactions of many were that they thought it was fake news, a joke even. However, as the news trickled out, and photos were circulated, it […]
UPFA MP Manusha Nanayakkara extends support to Ranil as legitimate PM
November 6, 2018 (LBO) – UPFA elected member of Parliament from the Galle District, Manusha Nanayakkara has resigned his deputy ministerial portfolio and pledged his support to Ranil Wickremesinghe as the legitimate Prime Minister of Sri Lanka. In a thoughtful letter below explaining his position, the former journalist accepted the stance of the Speaker Karu […]