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Sri Lanka’s BOC appoints acting GM following suspension of D.M.Gunasekera
Apr 07, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon has appointed P.J. Jayasinghe, the Deputy General Manager, support services of the bank as an Acting General Manager,bank sources revealed.A source said that Jayasinghe reported to work in his new capacity today.The appointment followed the suspension of the bank’s General Manager, D.M.Gunasekera. The […]
Sri Lankan Airlines risk passenger safety with poor pilot training standards
Apr 07, 2015 (LBO) – Sri Lankan Airlines has scared passengers away by recruiting cadet pilots who repeatedly failed entrance tests, a government minister said.“Those who failed the required exams were eventually recruited on verbal requests from the airlines former management.” Education minister Akila Viraj Kariyawasam told reporters Tuesday.The board of inquiry (BoI) headed by […]
Sri Lanka will uphold ban on illegal Indian fishermen, Rs.1 bn loss daily: Minister
Apr 07, 2015 (LBO) – Sri Lanka’s is losing one billion rupees daily due to illegal fishing by Indian fishermen in Island’s Northern waters,Minister of fisheries said.The new regime also plans to strongly uphold its ban on foreigners fishing in the Indian Ocean Island’s waters.“During recent discussions with Indian fishermen, they asked for 83 days […]
Sri Lanka sells Rs20.04bn in 2 and 6 year bonds
Apr 07, 2015 (LBO) – Sri Lanka has sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said.The debt office on Tuesday sold 12.44 billion rupees of two year bonds maturing on 15 May 2017 at weighted average yield of 8.14 […]
‘s Pakistan visit a testimony of strong bonds:Nawaz Sharif
Apr 07, 2015 (LBO) – Sri Lankan President Maithripala Sirisena’s visit to Pakistan is a testimony to the strong bonds of friendship between the two countries, Pakistani Prime Minister Nawaz Sharif had said addressing a joint press conference on Monday, a statement said.Sirisena visited Pakistan starting 5th April for a three day tour, in order […]
Sri Lanka can’t abolish the powers of executive presidency and give it to an executive PM: Minister
Apr 07, 2015 (LBO) – Sri Lanka can’t abolish the executive presidency and then pass the executive powers on to the Prime Minister, Minister of Power and Energy said. “We can’t abolish the powers of the executive president and give it to another like the executive Prime Minister,” Minister of power and energy, Patali Champika […]
UN to support development indicators of Sri Lanka
Apr 07, 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 would be ready to extend support to developing country specific development indicators that will contribute to the post-2015 development agenda. He said this at a discussions […]
Sri Lanka’s new regime calls for PPPs to develop wind and solar energy sector
Apr 07, 2015 (LBO) – Sri Lanka’s private sector participation is needed for the Island’s energy sector to further explore and develop the wind and solar energy in the country, an official said. “The theoretical potential is there in wind and solar, but we (government) need your (private sector) help to convert this to technical […]
Sri Lanka sells Rs20.04bn in 2 and 6 year bonds
Apr 07, 2015 (LBO) – Sri Lanka has sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said. The debt office on Tuesday sold 12.44 billion rupees of two year bonds maturing on 15 May 2017 at weighted average yield of […]
Sri Lanka’s President leaves for Pakistan: Trade discussions on the table
Apr 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena left for Pakistan yesterday on a a three-day state visit on the invitation of Prime Minister Muhammad Nawaz Sharif, the presidents office said in a media release. The President plans to hold bilateral discussions with the President of Pakistan Mamnoon Hussain, Prime Minister Nawaz Sharif […]