Gotabaya Rajapaksa sworn in as 7th Executive President of Sri Lanka
Nov 18, 2019 (LBO) – Gotabaya Rajapaksa took the oath of office on Monday as the 7th Executive President of the Democratic Socialist Republic of Sri Lanka. …
Sri Lanka stocks up after GR election victory
Nov 18, 2019 (LBO) – Sri Lanka’s All Share Index rose 94 points or 1.56 percent to 6,117 points in the first half of the day of trading following …
Parliamentary Election to be decided after discussing with Speaker & Party Leaders: PM
Nov 17, 2019 (LBO) – Prime Minister Ranil Wickremesinghe says that he is looking forward to discussing the next parliamentary election with the Speaker, …
Mangala resigns as Sri Lanka’s Minister of Finance
Nov 17, 2019 (LBO) – Mangala Samaraweera has resigned as Minister of Finance with immediate effect following the Presidential Election. Earlier in the day, …
We are studying 19th Amendment to plan immediate programme of action: Mahinda Rajapaksa
Nov 17, 2019 (LBO) – Sri Lanka’s Opposition Leader Mahinda Rajapaksa says that after the new President takes oaths, they will be studying the provisions of …
Sajith steps down as Deputy Leader of UNP respecting people’s mandate
Nov 17, 2019 (LBO) – Presidential Candidate Sajith Premadasa says that he is respecting the mandate given by the people and congratulates the seventh …
Sri Lanka Presidential Election: Gotabaya requests supporters to celebrate victory peacefully
Nov 17, 2019 (LBO) – Sri Lanka Podujana Peramuna (SLPP) requests their supporters to celebrate the victory peacefully, releasing a statement, party’s Media …
Sri Lanka Presidential Election 2019: Voters head to polls as election gets underway
Nov 16, 2019 (LBO) – Sri Lankans have begun casting votes in Presidential Elections after weeks of campaigns which largely focused on national security and …
SLTDA and DCC & CRM sign MOU to fasten investment approvals for tourism
Nov 15, 2019 (LBO) – Sri Lanka Tourism Development Authority (SLTDA) and the Department of Coast Conservation & Coastal Resources Management (DCC …
Norges Bank exits from Access Engineering’s top 20 shareholders list
Nov 15, 2019 (LBO) – Norway’s sovereign wealth fund managed by the Norwegian Central Bank, Norges Bank has exited from Access Engineering’s top 20 …
ADB gives USD150Mn for rural road development
Nov 15, 2019 (LBO) – Over 3400 kilometers of rural roads and 340 kms of national highways will be developed under the Second Integrated Road Investment …
ComBank Group posts net profit growth of 21.2-pct for Q3
Nov 15, 2019 (LBO) – Significant improvements in the third quarter, which positively impacted its year-to-date performance, have enabled the Commercial …
Sri Lanka Prosperity Index increased in 2018 with improvements in all sub-indices
Nov 15, 2019 (LBO) – Sri Lanka Prosperity Index (SLPI) that measures the level of prosperity of the country increased to 0.783 in 2018 from 0.548 recorded in …
Opinion: We all love freedom, even when we say we hate it
November 15, 2019 (LBO) – By: Adititva Presidential Election 2019 for Sri Lankan’s is turning out to be debate between Democracy Vs Dictatorship and …
Sri Lanka increases overflying charges after 38 years, revenue to go up by 57-pct
Nov 14, 2019 (LBO) – Sri Lanka’s government has decided to increase overflying charges after 38 years, taking into account the ICAO (International Civil …
Hayleys Group delivers improved performance in 2Q 2019/20
Nov 14, 2019 (LBO) – Sri Lanka’s diversified conglomerate, the Hayleys Group, posted improvements in turnover, operating performance and overall …
Shangri-La Group completes One Galle Face, Group’s largest venture in South Asia
Nov 14, 2019 (LBO) – Seven years after it broke ground, the much-anticipated One Galle Face (OGF) integrated project was officially opened recently by …
Sri Lankan banks facing pressure on credit profiles, rising NPLs: Fitch Ratings
Nov 13, 2019 (LBO) – Pressure on Sri Lankan banks’ financial profiles due to challenging operating conditions became more apparent in the banks’ …
Sri Lanka nominated for destination of the year award in UK for technology: SLASSCOM
Nov 13, 2019 (LBO) – SLASSCOM announced that Sri Lanka has been nominated for this prestigious award by the Global Sourcing Association (GSA). The …
Speedily adopt modern technologies in all aspects of travel and tourism industry: IPS
The fourth industrial revolution (4IR) is changing today’s world. Globally, 64 per cent of all migrant travellers has migrated for employment. However, …