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Entrepreneurs in Jaffna? Take a look in Ammachi!
By Jekhan Aruliah Soon after I moved to Jaffna in 2015 I heard rumours of this fantastic food court run by war widows. Friends driving North from Colombo said they found it somewhere on the A9 near Killinochchi in Sri Lanka’s Northern Province. It was a year before I actually got round to visiting the […]
“Swimming upstream in politics for the betterment of Sri Lanka” : President
Nov 26, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says that he is swimming upstream in politics for the betterment of the future of the Motherland. “I am not alone in the struggle, all the common people who love the country have joined hands me,” he siad. He made these remarks addressing the Silver […]
Mahinda reiterates need of general election and calls for public support
Nov 26, 2018 (LBO) – Mahinda Rajapaksa says there is no need to hold a presidential election at this stage but only a general election. In a special statement he proposed to all political parties to agree among themselves to hold a general election to enable the people to exercise their sovereign right to elect a government of their […]
CMC illuminates in orange for activism against gender-based violence
Nov 26, 2018 (LBO) – Sri Lanka’s Colombo Municipal Council, the Town Hall building shines bright in orange for 16 days, urging the need to foster a safer environment for women and girls. Every year, iconic buildings around the world are illuminated in orange during the 16 Days of Activism Against Gender-based Violence, a global […]
Sri Lanka rupee hits new low of Rs.180: Stocks down 0.34-pct
Nov 23, 2018 (LBO) – The Sri Lanka rupee dropped to a low of 180.66 against the US dollar following a political crisis, which began a month earlier in the island. The rupee was quoted at around 178.70/179.30 rupees on Friday, down from Wednesday’s closing of 178.40/70. The political crisis which began when president Maithripala Sirisena […]
Sri Lanka to host conference of Asia-Pacific Depositories & Clearing organizations
Nov 23, 2018 (LBO) – Central Depository Systems, a fully owned subsidiary of the Colombo Stock Exchange, will host the 22nd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Sri Lanka. This premier gathering of Central Securities Depositories in Asia-Pacific has been held annually for 21 consecutive years since 1997. The […]
Sri Lanka Speaker appoints Committee of Selection despite opposition
Nov 23, 2018 (LBO) – Sri Lanka’s Speaker Karu Jayasuriya on Friday appointed the Committee of Selection under the standing orders of 136 and 143, despite opposition from the UPFA members.Speaker announced names giving 5 members each to UPFA and UNF and one each to TNA and JVP for the Committee. Speaker also called a vote […]
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Fitch Ratings has affirmed Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B+’ and its National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2018/11/Sri-Lanka-Telecom-RAC-Nov-2018.pdf” title=”Sri Lanka Telecom RAC Nov 2018″]
Sri Lanka NCPI down 0.1-ct in Oct 2018
Nov 23, 2018 (LBO) – The National Consumer Price Index (NCPI) , for the month of October 2018, has declined to 0.1 percent from 0.9 percent in September 2018, Director General of Census and Statistics department said. Contributions to the inflation in October 2018 from food group and non-food group are -3.04 percent and 3.10 percent respectively, whilst contributions […]
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a statement from the investment promotion agency said. The first agreement was with First Steps Babywear Lanka (Private) Ltd which will be setting up a manufacturing plant with to produce garments […]