Author: lbostgadmin
Sri Lanka to ink JV with Chinese firm to develop southern port
Dec 07, 2016 (Reuters) – Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone. The cabinet approved a plan under which Sri Lanka will lease 80 percent of the Hambantota port to […]
UN urges Sri Lanka to probe ongoing torture, war crimes
Dec 07, 2016 (Reuters) – A U.N. rights watchdog called on Sri Lanka on Wednesday to investigate “routine torture” of detainees by security forces and rebuked its government for failing to prosecute war crimes committed during the country’s 26-year civil war. The Sri Lankan military finally vanquished the separatist Liberation Tigers of Tamil Eelan guerrillas […]
‘s Asiri Hospital Holdings rings CSE opening bell
Asiri Hospital Holdings PLC rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) yesterday. The Bell Ringing ceremony was organized by the CSE as part of a series featuring companies included in the S&P Sri Lanka 20 Index. Group Chairman and Managing Director Mr. Ashok Pathirage, Group CEO Dr. Manjula Karunaratne […]
President moves to liquidate Rakna Araksha Lanka
Dec 07, 2016 (LBO) – Sri Lanka’s cabinet has approved President’s proposal to liquidate Rakna Araksha Lanka according to the guidance of Attorney General. The Rakna Lanka Ltd was established as an government affiliated security service to provide security to special institutions such as economic targets, public institutions, and private institutions. The company was formed […]
Sri Lanka’s first management accreditation for tourism unveiled
Dec 07, 2016 (LBO) – Sri Lanka’s first ever professional management accreditation for its surging tourism and hospitality sector has been unveiled in Colombo. Certified Management Accountants Sri Lanka has introduced this specialized Finance and Management Accounting programme for the hospitality industry in collaboration with Sri Lanka Institute of Tourism and Hotel Management. Inaugurating the […]
‘s allegation that govt is selling off assets is malicious: Ravi
Dec 07, 2016 (LBO) – Sri Lanka’s government rejects allegations made by former president Mahinda Rajapaksa that the government is selling off national assets, the Finance minister said. “This government is making meaningful endeavours to convert the infrastructure facilities constructed by the previous government at colossal cost with foreign loans,” Ravi Karunanayake, minister of finance said […]
Clinton pressured IMF to not give loans to Sri Lanka: Min Amunugama
Dec 07, 2016 (LBO) – Sri Lanka’s Special Assignments Minister Sarath Amunugama today revealed that Hillary Clinton forced IMF not to approve a loan facility to Sri Lanka when she was working as the US secretary of state. Minister Amunugama told Parliament today that the defeat of Hillary Clinton at the recent Presidential Election should […]
World Bank to strengthen Sri Lanka’s social safety net
Dec 07, 2016 (LBO) – The World Bank Board has approved a US 75 million dollar credit from the International Development Association (IDA) to support Sri Lanka’s main welfare programs to develop an integrated system by better managing the selection, administration, and payments to beneficiaries. The project will contribute to improving the equity, efficiency and transparency […]
Solar can already generate more energy than oil: study
by Nafeez Ahmed While the world has been going crazy, solar has quietly tipped over the edge and kicked oil and gas off the cliff of history. A new scientific review finds that scientists are dramatically underestimating the efficiency and power of solar panels, because their data is at least seven years old. And that’s […]