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AG’s report to Speaker, COPE summons Central Bank officials on July 7
June 29, 2016 (LBO) – The Committee on Public Enterprises (COPE) has summoned Central Bank Governor, officials of the Monetary Board and Finance Ministry on July 7 to discuss about the Auditor General’s report. Auditor General today submitted a 1,251 page full report to the Speaker while a short report without sensitive information has been […]
Cabinet approves construction of LRT after JICA feasibility study
June 29, 2016 (LBO) – The cabinet nod has been given to obtain JICA assistance to conduct a feasibility study and immediately commence the construction of light rail transit system in the western region of Sri Lanka. The proposed system will be put up along the Colombo Fort – Kollupitiya – Bambalapitiya – Union Place […]
Tillak Wickramasinghe elected as President of IATA Agents Association
Tillak Wickramasinghe, the Proprietor of Skyways was elected as the President of the IATA Agents Association of Sri Lanka (IATA – AASL). He was elected for the post, during the 28th Annual General Meeting of the IATA Agents Association of Sri Lanka (IATA-AASL), which was held on 26th May, 2016 in Nairobi, Kenya. Apart from, […]
PTL Watch: Yields tick higher on profit taking
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Central Bank Union calls for immediate action
Jun 29, 2016 (LBO) – Sri Lanka’s Central Bank Executive Officers Union says that immediate legitimate action needs to be taken to prevent probable anarchic state that would arise at the institution from July 01, 2016. “We write to record our discontent on the current state of depletion of public confidence in and heightened criticism […]
Sri Lanka President to appoint new Governor
June 29, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena will appoint a new governor to the Central Bank soon, he said on Wednesday. “I will appoint a new Governor to the Central Bank in the coming hours,” his twitter account said. Governor Arjuna Mahendran has said he won’t seek re-appointment due at the end […]
Millennium Challenge Corp looks at Sri Lanka for fund program
June 29, 2016 (LBO) – The Millennium Challenge Corporation (MCC) is currently evaluating Sri Lanka for a threshold program that can potentially unlock millions of dollars in additional assistance to facilitate economic reforms that can boost growth and create jobs. US Ambassador Atul Keshap speaking at the 177th AGM of the Ceylon Chamber of Commerce […]
Samantha Ranatunga to head CCC for second consecutive year
June 29, 2016 (LBO) – Shareholders of the Ceylon Chamber of Commerce reappointed Samantha Ranatunga as its Chairperson for a second consecutive year. The Ceylon Chamber of Commerce held its 177th Annual General yesterday at the Cinnamon Grand Hotel in Colombo. The chief guest of the occasion was Atul Keshap, US Ambassador to Sri Lanka […]
COPE to consider Auditor General’s report on bond issue Wednesday
June 28, 2016 (LBO) – Sri Lanka’s Parliament appointed Committee on Public Enterprises (COPE) will meet Wednesday to consider the Auditor General’s report on the bond investigation. Parliamentarian and COPE member Dr. Nalinda Jayatissa told LBO, the committee will most probably arrive at a decision on the alleged bond scam based on the findings of the […]
UN Human Rights commissioner commends Sri Lanka’s progress
June 28, 2016 (LBO) – The UN High Commissioner for Human Rights has commended steps that the Government of Sri Lanka has taken to implement some of the key commitments made in the Sri Lanka sponsored US resolution, even though rapid action could have been taken in other areas. Issuing a special report to the […]