Author: lbostgadmin
Sri Lanka’s open air zoo opens doors to public; entrance free from today to 01 May
Apr 17, 2015 (LBO) – Sri Lanka’s public will be given the opportunity of visiting its first open air zoo, adjoining the Elephant Orphanage in Pinnawala free of charge from today until the 01st of next month, a government media report said. “The public will be given the opportunity of visiting this zoo free of […]
South Asia, fastest growing region; will grow at 7-pct in 2015: World Bank
Apr 17, 2015 (LBO) – South Asia is expected to grow at 7 percent in 2015, picking up pace to 7.6 percent by 2017 as more productive capital is brought on stream, a World Bank report said. “South Asia is set to become the fastest growing region with the region expected to grow at 7 […]
‘s group concerned over Chinese funded port city project
Apr 17, 2015 (LBO) – Sri Lanka’s citizen’s group, Friday Forum has expressed concern about a recent controversial Chinese funded project and said full disclosure is needed on the 1.4 billion project. “The Friday Forum calls upon the government to immediately place in the public domain the details of all agreements, assessments and regulatory determinations […]
Sri Lanka advised to attract FDI, in order to maintain high growth rate: World Bank
Apr 17, 2015 (LBO) – Sri Lanka is advised to attract more foreign investments to keep up with its high growth rate due to the Island’s limitation on public and private national savings compared to national investment, a newly released World Bank report said.“With limited public and private national savings compared to national investment, Sri […]
Visa On Arrival? Not really
Apr 16, 2015 (LBO) – There is much enthusiasm about the “visa on arrival” facility India has offered to the Sri Lankan traveler.“Visa-on-arrival” usually means you show a blank page of your passport to the Immigration officer to stamp the visa, but this will not be the case for Sri Lankans arriving on Indian shores […]
Sri Lanka’s NDB and DFCC merger not to be forced; it’s a shareholder decision: Dinesh Weerakkody
Apr 16, 2015 (LBO) – Sri Lanka’s National Development Bank (NDB) and DFCC Bank merger should not be forced, Dinesh Weerakkody, Chairman of a Committee investigating banking sector consolidation told LBO.“We were very clear about the NDB – DFCC merger in our report that was handed to the Prime Minister.This should be decided by the […]
SriLankan Airlines increases flight frequency to Chennai
Apr 16, 2015 (LBO) – SriLankan Airlines has increased its flight frequency to Chennai from today by adding a fourth flight from Colombo to the Southern Indian city, the carrier said in a statement. “The new service will be operational from today (16).” Commenting on the occasion, Saminda Perera, General Manager Sales Worldwide said in […]
Sri Lanka rejects entire bond auction: Central bank
Apr 16, 2015(LBO) – Sri Lanka rejected an entire bond auction, Thursday after calling bids for five billion rupees of bonds, the state debt office said.At the last auction held on 07th April 2015, Sri Lanka sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, […]
Sri Lanka’s first open air zoo,costs Rs862mn, sets to open in April 2015: 17 years to complete the construction
Apr 15, 2015 (LBO) –Sri Lanka’s first open air national zoological garden adjacent to the Pinnawala Elephant Orphanage is ready to open on Friday, April 17, Minister of Tourism and Sports Navin Dissanayake declared today. Sri Lanka has invested approximately 862 million rupees to build the zoo which 488 million rupees were funded from the […]
‘s Tourism Minister anoints elephants at Pinnawala orphanage
Apr 15, 2015 (LBO) –Sri Lanka’s Tourism Minister, Navin Dissanayake anointed about one hundred elephants at the Pinnawala Elephant Orphanage, which is one of the major tourists attraction point in the Island. This was taken place at the auspicious time of 09.06 this morning (15) parallel to the National oil anointing ceremony which is a […]
Sri Lankans to get Indian visa on arrival form 14 April
Apr 15, 2015 (LBO) – Sri Lankans visiting India will receive visas on their arrival from yesterday (April 14th), a statement issued by the Government said.“Sri Lanka has been added to the list of countries that will enjoy the visa on arrival facility,” the statement said.“Sri Lankan Nationals who arrive at the airports of Delhi, […]
Sri Lanka cuts policy rates: Inflation declines due energy price revision and consumer items:Central Bank
Apr 15, 2015 (LBO) – Sri Lanka has cut policy rate corridor by 50 basis points lowering its repo rate to 6.00 percent and reverse repo rate to 7.50 percent with effect from today, to boost credit and investment, the Central Bank said. “Current behaviour of market interest rates is viewed to be inconsistent with […]