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Swarovski opens its doors in Sri Lanka with business partner Softlogic
Swarovski officially opens its doors in Sri Lanka bringing its heritage and craftsmanship in crystal to Colombo City Centre at No.137, Sir James Peiris Mawatha, Colombo 2. The brand brings its dazzling collection that delivers extraordinary everyday style to women around the world. Swarovski stores worldwide create the ultimate experience for its consumers. Swarovski invites […]
‘s colourful family
September 27, 2018 (LBO) – Australian journalist Aaron Patrick has published a detailed exploration of the Sri Lankan family history of Shemara Wikramanayake, Macquarie’s CEO designate. Wickramanayake is set to take over the global investment banking giant on December 1st, making her one of the most powerful people in global finance. Ms. Wikramanayake was born […]
FM statement on misreporting of CID investigation regarding Namal Kumara
Sept 27, 2018 (LBO) – The Criminal Investigation Department (CID) is conducting investigations into serious allegations of an alleged conspiracy to assassinate President Maithripala Sirisena, former President Mahinda Rajapaksa and former Defence Secretary Gotabaya Rajapaksa, amongst others. As of this time, the only source for these allegations is a statement made by A.M. Namal Kumara. While […]
OPINION: 90,000 Northern families in shanties or homeless. What happened to Govt. promised housing?
By Jekhan Aruliah In October last year I had the privilege of participating in the blessing of a new water well in the Killinochchi District of the Northern Province. Its construction had been funded by the UK based charity Child Aid Lanka. The family on whose land the well is built, together with neighbours who […]
Uncertainty surrounds MTD Walkers (KAPI) upcoming Rs2.1bn debenture maturity
September 26, 2018 (LBO) – Colombo Stock Exchange (CSE) listed MTD Walkers (KAPI) has left debt market investors on the edge with regard to the company’s upcoming debenture maturity. KAPI will have to refund Rs2.1bn to investors at the end of the week on September 30th 2018. The debenture is maturing after its three year […]
NDB rights issue in question as shares trade below rights issue price of 105
September 26, 2018 (LBO) – The woes of the Colombo Stock Exchange (CSE) threaten to disrupt the capital raising efforts of one of Sri Lanka’s most prominent financial institutions. CSE listed National Development Bank (NDB) is attempting to raise funds via a rights issue to bolster the capital of the bank. The bank is trying […]
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) – The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power – a trend which has now accelerated alarmingly. The value of the US Dollar which was Rs. 131 at the end of 2014 when I left office is now over Rs.170 and continuing […]
Millennium Challenge Cooperation to grant USD 480Mn to Sri Lanka
Sept 26, 2018 (LBO) – United States will provide a US$ 480 million grant to Sri Lanka for several development projects, a statement said. President Maithripala Sirisena by the Chief Operation Officer of US Government owned Millennium Challenge Cooperation (MCC), Brock Bierman assured the Sri Lanka’s President at a meeting at the Lowes Regency Hotel […]
‘s looks at adaptive social protection to protect poor,vulnerable from disasters
Sept 26, 2018 (LBO) – The key concerns for Sri Lanka are less about extreme poverty; and more about vulnerability to an array of risks like disaster and the management of them, the Country Director of the World Baknk in Sri Lanka said. “Sri Lanka has put in place extensive programs to respond to disasters […]