Author: lbostgadmin
Sri Lanka to publish committee report on the bond market investigation: Minister
Mar 18, 2015 (LBO) – Sri Lanka’s 100 day administration will publish the investigative report on the controversial bond issue, deputy secretary general of the United National Party Akila Viraj Kariyawasam told LBO. Attorney-at-law Gamini Pitipana, who headed the committee appointed by the Prime Minster to probe the matter said the report will be completed […]
‘s intervention over tender board baseless: PM
Mar 17, 2015 (LBO) – Sri Lanka’s Central Bank governor Arjuna Mahendran has taken leave since Monday until the investigations are over, Prime Minister Ranil Wickremesinghe said. “Charge against CB governor’s intervention over tender board is baseless. After that, tender board presented their recommendations. Those recommendations have been duly accepted by CB governor without any […]
Sri Lanka’s controversial bond issue report to be filed in the next two weeks: Committee Chair
Mar 16, 2015 (LBO) – Sri Lanka’s committee appointed to probe controversial bond issue, to file their report to the Prime Minister within the next two weeks, chairman of the Committee said. “We have already commenced work and had one sitting and will be having another today and will continue,†attorney-at-law Gamini Pitipana, chairman of […]
”’ rating despite tax change: Profits will suffer
Mar 13, 2015 (LBO)- Fitch Ratings has affirmed Sri Lanka based telecoms company Dialog Axiata PLC’s ,’AAA(lka)’ National Long-Term Rating with a stable outlook despite new government’s one-off tax of 250 million rupees on each mobile operator and “super gains” tax of 25 percent on profit. Press Release Reproduced below:- KEY RATING DRIVERS Stand-Alone Profile […]
India’s PM Modi says plans are not only to address problems but to look opportunities in Sri Lanka
Mar 13, 2015 (LBO) – Sri Lanka should be visited regularly by India as neighbors and collaborate in developing economic cooperation in both countries in order to get the advantage of ocean economy, Prime Minister of India Narendra Modi said at a gathering in Colombo. “This is how it should be between neighbours. We should […]
Lanka IOC and CPC agrees to develop Trinco upper oil tank farm
Mar 13, 2015 (LBO) – Lanka IOC and Ceylon Petroleum Corporation have agreed to develop the upper oil tank farm of the China Bay installation in the Trincomalee, addressing a gathering at the presidential secretariat Indian Prime Minister Narendra Modi said.The modality of the project which will be carried upon on mutually agreed terms is […]
India agrees to a USD 1.5bn currency swap; extends visa on arrival from Sinhala Tamil New Year
Mar 13, 2015 (LBO) – India has extended the facility of tourist visa on arrival electronic travel authorization scheme to Sri Lankan citizens from 14th April 2015, addressing a gathering at the presidential secretariat Indian Prime Minister Narendra Modi said. “India will soon start direct flights between New Delhi and Colombo,” Modi said. The reserve […]
Sri Lanka pens four bilateral agreements with India
Mar 13, 2015 (LBO) – Sri Lanka’s government signed four bilateral agreements with the Indian government in Colombo, Friday to coincide with the Indian premiers visit.The Indian Prime Minister Narendra Modi arrived in the island early this morning and was welcomed by Prime Minister Ranil Wickremesinghe at the Bandaranaike International Airport.Modi is the first Indian […]
I never said I would retire; I am resting: MR
Mar 13, 2015 (LBO) – Sri Lanka’s former president Mahinda Rajapaksa in an exclusive interview with ‘The Hindu’ newspaper has said that he has not yet decided on a political comeback. Full transcript of interview with former Sri Lankan President Mahinda Rajapaksa by Suhasini Haidar is reproduced below. This was an election you were so […]
Sri Lanka’s prospects on crucial European GSP Plus facility is looking brighter
Mar 13, 2015 (LBO) – Sri Lanka’s retrieval of GSP Plus, a system granting tax free entry for the counties goods to the EU market seems brighter, Ministry of Industry and Commerce said in a statement. “In that no less than Hon Jan Zahradil a Vice-Chair of EU Committee on International Trade who met me […]
India’s TATA housing rejects allegations and reiterates commitment to the Slave Island Project: statement
Mar 13, 2015 (LBO) – India’s Tata Housing has rejected allegations raised against it by the Sri Lankan Government over a housing project at Slave Island in a statement. They said that these kind of allegations will adversely impact confidence of other overseas companies to make future investments in Sri Lanka. “We are expressing deep […]
Indian Prime Minister Narendra Modi arrives
Mar 13, 2015 (LBO) – Indian Prime Minister Narendra Modi arrived early this morning. He was welcomed by Prime Minister Ranil Wickremesinghe at the Bandaranaike International Airport. Modi is the first Indian Prime Minister to visit Lanka in 28 years. He will meet and hold talks with President Maithripala Sirisena later today. Modi will also […]