Author: Gayan Chandrasekara
‘s micro-finance sector to access CRIB through a new regulation
Mar 27, 2015 (LBO) – Sri Lanka’s micro-finance industry is looking at developing a separate credit information database for their clientele with the help of the Credit Information Bureau (CRIB) of Sri Lanka. Yasitha Munasinghe, manager, Lanka Micro-finance Practitioners association (LMFPA) told LBO that the proposed micro-finance act will provide the necessary legality to be […]
Sri Lanka’s 19th amendment; a mere conspiracy by PM Ranil: Min. Champika Ranawaka
Mar 26, 2015 (LBO) – Government ally Jathika Hela Urumaya (JHU) has threatened to defeat the 19th amendment to the constitution presented to Parliament by Prime Minsiter Ranil Wickremesinghe on Tuesday. Speaking at a press briefing General Secretary of JHU, Minister Champika Ranawaka said they supported President Sirisena only based on his election manifesto. “There […]
Sri Lanka sets up a National Government with new ministers
Mar 22, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena on Sunday formed a new national government absorbing SLFP parliamentarians in the opposition as new ministers.The President has appointed 11 new cabinet ministers, 5 State Ministers and 10 Deputy Ministers, the president media said. Cabinet Ministers 1. A.H.M.Fowzie – Minister of Disaster Management 2. S.B.Nawinna […]
Microsoft’s Power BI free preview now available in Sri Lanka
Mar 20, 2015 (LBO) – Microsoft Corporation recently allowed worldwide customers to experience the free preview of their improved cloud-based business analytics service introduced for non-technical business users. The service first unveiled in January, referred to as Power BI; can keep a pulse on businesses by bringing all the data together and monitor it through […]
JHU wants to amend the 19th amendment; breakaway PHU mulls court action
Mar 19, 2015 (LBO) – Sri Lanka’s government ally Jathika Hela Urumaya (JHU) on Thursday said they have put forward an observation paper to address the issues in the draft 19th amendment.JHU spokesperson and western provincial councilor Nishantha Sri Warnasinghe told LBO that the draft amendment has breached the consensus they arrived. “This gazette has […]
Sri Lanka postpones setting a foreign direct investment target
March 05, 2015 (LBO) – Sri Lanka’s 100 day administration has taken a back seat in setting a foreign direct investment goal for this year after authorities failed to meet their targets in the recent past. Board of investment which comes under the purview of the investment promotion ministry dejected after it sets a target […]
Sri Lanka’s port city project temporarily suspended
March 04, 2015 (LBO) – Sri Lanka’s controversial Chinese funded Colombo port city project has been temporarily suspended due to pending of an investigative report on the issue, Island’s Investment Promotion Minister said today.Investment promotion minister Kabir Hashim told LBO that the project approval has been violated the country’s law.“For now it seems a breach […]
Sri Lanka chooses Maithripala Sirisena as the new executive president, stocks jump
Jan 09, 2015 (LBO) – Sri Lanka’s elections commissioner Mahinda Deshapriya on Friday officially announced that Maithripala Sirisena has been elected as the new president of Sri Lanka. Maithripala Sirisena has obtained 6,217,162 votes or 51.28 percent of the total votes while his main opponent Mahinda Rajapaksa has bagged 5,768,090 votes or 47.58 percent of […]
Sri Lankan insurers wrapping up segregation plans, four under evaluation: regulator
Jan 07, 2015 (LBO) – Sri Lanka’s composite insurers are on track to complete a regulatory push to split their businesses despite legal affairs delayed several insurers, a senior official said. Director General of the island’s insurance regulator Damayanthi Fernando told LBO that seven out of twelve composite insurers have so far completed their segregation […]