Author: lbostgadmin
SriLankan Air bans use and charging of Samsung Galaxy Note7
Sept 15, 2016 (LBO) – SriLankan Airlines says it has completely banned the use or charging of Samsung’s latest Galaxy Note7 smartphone on board all its flights with immediate effect until further notice, following Samsung suspending its sales in the wake of several incidents of phone batteries catching fire. The ban applies to turning on […]
Hillary Clinton fit to serve, after pneumonia diagnosis
Sept 15, 2016 (LBO) – Hillary Clinton is healthy and “fit to serve” as US president, according to her doctor, after the Democratic presidential nominee was diagnosed with pneumonia. Clinton’s longtime physician, Lisa Bardack, said Clinton’s pneumonia diagnosis on Sept. 9 started as a “low grade fever, congestion and fatigue,” BBC reported. Both presidential candidates, […]
Australian women’s team in Sri Lanka for first cricket series
The Australian women’s cricket team the Southern Stars have arrived in Colombo for the first ever women’s cricket series between Australia and Sri Lanka. The world’s number one team in all formats of cricket, the Stars are in Sri Lanka for a four-match one-day series and a T20 match in September. Welcoming the Southern Stars […]
Sri Lanka’s Ambassador to North Korea presents credentials
Dr. Karunasena Kodituwakku, Ambassador for Sri Lanka to the Democratic Republic of Sri Lanka, with residence in Beijing presented his Credentials to the President of Presidium Kin Young Nam on 24th August at Mansadae Assembly Hall, in Pyongyang in North Korea. President of Presidium and Sri Lankan Ambassador discussed matters regarding friendly relations between Sri […]
Sri Lankan rupee edges down on importer dollar demand
COLOMBO, Sept 15 (Reuters) – The Sri Lankan rupee traded slightly lower on Thursday as importer dollar demand surpassed exporter sales of the U.S. currency, dealers said. The spot rupee was at 145.82/92 per dollar, compared with Wednesday’s close of 145.70/85. One-week forwards were at 145.98/146.10, compared with the previous close of 145.90/146.05. The spot […]
‘s subordinated debt A(lka)(EXP)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. NTB plans to use the proceeds to […]
Sri Lanka medicine regulator says Russian cancer drug safe
Sept 15, 2016 (LBO) – Sri Lanka’s National Medicines Regulatory Authority says the Russian breast cancer drug registered under their authority is in line with guidelines. The authority said they always follow the due process for registration of pharmaceutical products and “biosimilars.” Biosimilar is a biopharmaceutical drug designed to have active properties similar to one […]
Sri Lanka tea sees fair demand at auction
Sep 15, 2016 (LBO) – Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers said. “Low Growns totalling 2.7M/Kgs in Leafy/Tippy catalogues met with good demand,” Forbes and Walker Tea Brokers said in a report. “In the Leafy catalogue OP/OPA’ s gained Rs.10-15/- per […]
Sri Lanka introduces contributory pension scheme for artists
Sept 15, 2016 (LBO) – Sri Lanka’s government has allocated 15 million rupees to form a contributory pension scheme for 327 artists, as an initial phase of the programme. Citizens between the age of 23 and 55 who satisfy the eligibility criteria as artists will be given priority, a cabinet decision said. The cabinet has […]
Sri Lanka condemns nuclear test by North Korea
Sept 15, 2016 (LBO) – The Government of Sri Lanka says it condemns the nuclear test carried out by the Democratic People’s Republic of Korea (DPRK) on September 9th.”Sri Lanka notes with concern that this is the second such test to be carried out by the DPRK this year,” a statement from the Ministry of […]
Sri Lanka to set up a special unit for economic development
Sep 14, 2016 (LBO) – Sri Lanka’s cabinet has approved obtaining the assistance of the Mackenzie Institute of USA to set up a Central Programme Management Unit in Sri Lanka to aid with rapid development. “It is important to establish a separate unit to supervise and take corrective measures on development activities for achieving the […]
CA Sri Lanka’s Annual Convocation Thursday
(PRESS RELEASE) – The Annual Convocation of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which is the most anticipated event in the institute’s academic calendar, will be held on Thursday, 15th September 2015 under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings, who will be the Chief Guest […]