All Blogs
Foreign investor bond exodus nears $ 300mn; Colombo stocks close week near multiyear lows
August 25, 2018 (LBO) – The Colombo Stock Exchange ended the week near unchanged as indices approach key technical levels. The All Share Price Index (ASPI) finished near unchanged for the week 6052, while the S&P SL 20 closed near unchanged at 3212. Brokers indicate that the 6000 level on the ASPI is being closely […]
US warship arrived in Trinco, location to be tested for air logistics hub concept
Aug 24, 2018 (LBO) – Amphibious transport dock USS Anchorage (LPD 23), with the embarked 13th Marine Expeditionary Unit (MEU) arrived in Trincomalee, Sri Lanka, for a scheduled port visit on Friday. An amphibious transport dock also called a landing platform/dock (LPD), is an amphibious warfare ship, a warship that embarks, transports, and lands elements of […]
Australian PM Malcolm Turnbull ousted, Scott Morrison to replace him
Aug 24, 2018 (LBO) – Former treasurer Scott Morrison is to become Australia’s sixth Prime Minister in 11 years, prolonging an era of extraordinary political instability. Morrison, a socially conservative architect of Australia’s hardline anti-asylum seeker policies and an ally of deposed leader Turnbull, elected as the new PM after winning a three-way battle for […]
Moody’s expects Brent spot price to average around USD72 per barrel in 2018
Aug 23, 2018 (LBO) – Moody’s Investors Service expects crude oil price to remain elevated in the near term but to moderate over the medium term. Releasing the Global Macro Outlook for 2018-19 August update, Moody’s Investors Service said they expect that the Brent spot price will average around 72 US dollars per barrel in […]
Sri Lanka Govt gives Cabinet nod to increase subsidy for rubber planting
Aug 23, 2018 (LBO) – Sri Lanka’s cabinet of Ministers has given the go ahead for increasing subsidies given to farmers for planting rubber in a bid to increase productivity in the industry, a statement said. The subsidy for new planting will be doubled to 300,000 rupees a hectare and the subsidy for replanting will […]
New Executive Director at Lakshman Kadirgamar Institute (LKI)
August 22, 2018 (LBO) – Dr. Ganeshan Wignaraja has been appointed as the new Executive Director of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI). The institute is Sri Lanka’s premier think tank, named after Sri Lanka’s long time Tamil Foreign Minister who was assassinated by the LTTE. Official statement follows: “LKI’s […]
Mobitel partners first-ever ‘YouTube Open Mic Night’ in Sri Lanka
Mobitel was the Official Telecommunication Partner for the first-ever ‘YouTube Open Mic Night’ in Sri Lanka held at the Shangri-a – Colombo recently.Considering that this is YouTube’s first event in the country, the occasion witnessed the presence of YouTube celebrities, content creators, YouTube influencers, enthusiasts, brand ambassadors and social media buffs under one roof along […]
Sri Lanka July inflation up to 3.4-pct
Aug 22, 2018 (LBO) – Sri Lanka’s overall rate of inflation as measured by the National Consumer Price Index (NCPI),on year on year is 3.4 percent in July 2018 compared to 2.5 percent in June 2018 , the Department of Census and Statistics (DCS) said. Y on Y inflation of food group has increased from 0.5 percent […]
Sri Lanka’s first Permanent High Court at Bar ceremonially opens
Justice Minister Thalatha Athukorala on Tuesday ceremonially opened the Special Court established to expedite the cases that involve large-scale financial irregularities. This is Sri Lanka’s first Permanent High Court at Bar and the minister expects to establish another two for the same purpose.
New country branding for Sri Lanka Tourism to be unveiled in November
Aug 21, 2018 (LBO) – Sri Lanka Tourism’s the new country branding will be unveiled at the World Travel Mart (WTM) in London in November 2018. Ministry of Tourism Development said they are now in the process of selecting a global branding agency for this purpose. The full statement issued by the Minister of Tourism Development, John […]