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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 […]
Sri Lanka government’s 100 day programme gets UN support
Apr 09, 2015 (LBO) – The visiting United Nation’s assistant secretary-general and United Nation Development Plan’s regional director Haoliang Xu, had said that the UN and UNDP in particular is pleased to continue to it’s support for the 100 Day Programme, at the request of the Government.Xu made this comment at a discussion held with […]
Sri Lanka launches first electric car charge center
Apr 09, 2015 (LBO) – Sri Lanka launched the first electric power car charging station in Colombo yesterday aiming at implementing electric power to nurture the production of green electricity, a statement said.The center was declared opened on Tickel Road in the capital Colombo as the first step towards making 10 percent of all vehicles […]
Sri Lanka’s BOC GM on leave, not suspended: Chairman
Apr 09, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon says that its General Manager, D M Gunasekara is on leave pending a special audit by internal and external auditors.“We felt it was appropriate to place the General Manager, Mr. D M Gunasekara, on leave, until investigations are completed such that the conduct […]
Sri Lanka’s political heads growl at each other over dissolving parliament
Apr 09, 2015 (LBO) – Sri Lanka’s superlative legislature is turning out to be a playground of contenders challenging each other to dissolve parliament ahead of a general election. After the defeat of a finance related regulation yesterday the opposition in show of its strength shouted at the government to dissolve parliament immediately thinking it […]