Author: lbostgadmin
‘s housing market is gearing to meet economic, environmental and social challenges
Apr 30, 2019 (LBO) – Sri Lanka’s Landmark Group, a real estate development company bent on challenging traditional approaches to the island’s housing and property market says it is now gearing up to meet the economic, environmental and social challenges facing the industry. The real estate company is run by leading businesswoman Neelangani Hapangama and managed by […]
New Chief Justice, Act Attorney General, Auditor General and Act IGP appointed
Apr 29, 2019 (LBO) – Sri Lanka’s President Maithripala Sirisena appointed, Attorney General Jayantha Jayasuriya as new Chief Justice.Jayasuriya took oaths for the new appointment before the President at the President’s Office, Monday. The President appointed Solicitor General Dappula De Livera as Acting Attorney General. Furthermore, Additional Auditor General, Chulantha Wickremarathne has been appointed as […]
Chula Wickramaratne sworn in as new Auditor General
New Auditor General Chula Wickramaratne was sworn in before Speaker Karu Jayasuriya at the Parliament on Monday.
Central Bank wants to reduce lending rates to SMEs by 200 bps in near term
Apr 29, 2019 (LBO) – Sri Lanka’s Central Bank expects the lending rates to reduce by around 200 basis points to SMEs in the near term that would reduce excessive cost of funds borne by the financial sector. The Central Bank said it observed high interest rates charged on lending products and excessively high interest rates […]
Sri Lanka bans all forms of face covers following terror attacks
Apr 29, 2019 (LBO) – President Maithripala Sirisena, under Emergency Regulations, has taken steps to ban from April 29th, 2019, all forms of face covers that may hinder one’s identity been ascertained, as a threat to national security and public safety. This directive specifies the need for one’s face been clearly visible for ascertaining their identify […]
Sri Lanka vehicle registrations rebound in March 2019
Apr. 29, 2019 (LBO) – Vehicle registrations rebounded on most categories in March recording a total of 35,150 units up from 29,837 units the previous month due to the higher number of working days in March compared to February, a new report says. Total motor cars recorded 2,961 units in March up from 2,347 units in […]
Dialog will double every donation up to Rs.100Mn to help victims of 21st Apr tragedy
Apr 29, 2019 (LBO) – ‘Dialog Foundation’, a charitable trust under the aegis of Dialog Axiata PLC, invites all Sri Lankans to help victims of the tragic events on 21st April, 2019, that claimed the lives of 253 people and injured hundreds. Dialog pledged to double every donation up to Rs.100 Million and utilise these […]
Millennium Challenge Corporation approves biggest grant ever received by Sri Lanka
Apr 26, 2019 (LBO) – The Millennium Challenge Corporation of the US Government has approved a grant of 480 million US dollars to Sri Lanka at its board meeting held on the 25th of April 2019 in Washington D.C. subject to Congressional Notification. On the request of the Prime Minister Ranil Wickremesinghe, the MCC has done […]
Sri Lanka suspends visa on arrival programme after Easter Sunday tragedy
Apr 26, 2019 (LBO) – Sri Lanka has postponed the launch of its program on visa regime facilitation with 39 countries in the wake of the deadly bombings that shook the country on Sunday, Tourism Minister John Amaratunga said. “Visa on arrival pilot programme set for May 1st launch for 39 countries put on hold due […]
Our security forces have the capacity to go after them and take them out – Navin
April 26, 2019 (LBO) – Front line UNP political leader Minister Navin Dissanayake, in an interview with anchor Sri Jegarajah of global business network CNBC,outlined the lapses and the way forward for Sri Lanka with regard to the Easter Sunday terror attacks. Key points that he made during the interview were as follows: – “Defense […]
Central Bank presents annual report to Finance Minister; 2018 growth 3.2-pct
Apr 25, 2019 (LBO) – The sixty-ninth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to Mangala Samaraweera, the Minister of Finance, by Dr. Indrajit Coomaraswamy, the Governor of the Central Bank. According to the report, the real GDP growth was recorded at 3.2 percent in 2018, compared […]
Treasury has paid last year dues of Rs.84 bn for various projects
Apr 25, 2019 (LBO) – The Treasury has paid off Rs.84,461 million which were due by December 31, 2018, for various programmes and projects implemented under different Government ministries and institutions. Statement from the Finance Ministry Earlier, Treasury had been informed that Rs.99,415 million was due at December 31, 2018, for completing various projects undertaken […]