Author: lbostgadmin
UN expert to assess rights to freedom of peaceful assembly in Sri Lanka
July 17, 2019 (LBO) – UN Special Rapporteur Clément Nyaletsossi Voule will visit Sri Lanka from 18 to 26 July 2019 to assess rights to freedom of peaceful assembly and of association in the country. “We have seen a commendable effort to expand civic space in Sri Lanka, the establishment of strong and independent institutions, […]
Lagarde to resign from IMF w.e.f Sept; selection process for next MD to start promptly
July 17, 2019 (LBO) – IMF Executive Board has accepted Managing Director Christine Lagarde’s resignation from the fund with effect from 12 September 2019. “We would like to express our greatest appreciation for all that Managing Director Lagarde has done for the institution,” the IMF said in a statement. According to the IMF, her legacy […]
PUCSL, Moratuwa Uni to introduce self-powered housing model for low-income households
July 16, 2019 (LBO) – Sri Lanka’s electricity sector regulator, Public Utilities Commission signed a Memorandum of Understanding with Moratuwa University yesterday to introduce a self- powered housing model for low-income households. The aim is to provide the best architectural housing structure with the use of maximum daylight for low-income households. “Energy Conservation is one […]
‘s Sinopec sets up fuel oil unit in Sri Lanka
July 16, 2019 (LBO) – China Petroleum and Chemical Corp, Sinopec Corp has launched a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route, foreign media reported. Sinopec says the market to supply fuel to ships has “huge” potential, citing the strategic location of Hambantota […]
EU offers EUR 8.5mn for Sri Lanka to focus on counter-narratives, online radicalisation
July 15, 2019 (LBO) – The European Union (EU) and Sri Lanka held on Monday an informal counterterrorism dialogue, chaired on the EU side by EU Counterterrorism Coordinator Gilles De Kerchove, accompanied by EEAS Head of Division for Counterterrorism John Gatt-Rutter, and on the Sri Lankan side by Acting Secretary of Foreign Affairs, Ahmed A. […]
JICA supports “Build-Back-Better” tourism sector in Sri Lanka
July 15, 2019 (LBO) – The Japan International Cooperation Agency (JICA), in cooperation with the Tourism Ministry, successfully completed a joint seminar for the “Recovery of Tourism Sector in Sri Lanka after the Easter Bombings 2019” targeting officials and professionals in the tourism sector. The presenter Masato Takamatsu, the Managing Director & Chief Research Officer […]
England wins 2019 Cricket World Cup
Jul 15, 2019 (LBO) – England pulled off the greatest World Cup final win over New Zealand to secure cup after a nail-biting tie-break finish, Sunday at Lords. Both teams ended up equals, not once, but twice.First, in the regular game, then in the Super Over. Eoin Morgan’s side finished on 241 all out in […]
‘s “Enterprise SL” exhibition goes to A’pura in July
Jul 15, 2019 (LBO) – The Finance Ministry’S “Enterprise Sri Lanka” exhibition will be held in Anuradhapura from July 24-27. This exhibition will be a platform for intended entrepreneurs to obtain the knowhow and share knowledge on the enterprise development. Arrangements have been made through the State and private banks and other relevant agencies to […]
”; outlook stable
July 12, 2019 (LBO) – Fitch Ratings Lanka has downgraded Bimputh Finance PLC’s National Long-Term Rating to ‘BB-(lka)’ from ‘BB(lka). The Outlook is Stable. The downgrade stems from a sharp deterioration in Bimputh’s capital position, which they believe is no longer commensurate with its high-risk appetite. This is due to the significant decline in asset […]
US Ambassador meets Plantation Industries Minister Navin Dissanayake
US Ambassador to Sri Lanka Alaina B. Teplitz met Minister of Plantation Industries Navin Dissanayake and State Minister of Plantation Industries Wadiwel Suresh, today at the Ministry premises in Sethsiripaya, Battaramulla. During the meeting, the status of Sri Lankan Tea in the US, its potential in the US market and the export situation of the […]
Sri Lanka’s possible fiscal slippage, main argument for not relaxing policy: CBSL Chief
July 12, 2019 (LBO) – Sri Lanka’s possible fiscal slippage is the main argument against relaxing monetary policy, the Central Bank Governor Indrajit Coomaraswamy said. Speaking to journalists in Colombo after the monthly monetary policy announcement, he said the government’s revenue has come down with increased expenditure, opening doors for a possible fiscal slippage. Monetary […]
Sri Lanka government survives no confidence vote
July 11, 2019 (LBO) – Sri Lanka’s government on Thursday survived a no-confidence vote in parliament after a majority of legislators voted to support the government. Accordingly, 92 members voted in favour of the motion and 119 voted against. Joint Opposition and SLFP voted for, UNF and TNA voted against. The Parliament on Wednesday began […]