Author: lbostgadmin
Sri Lanka govt approves compensation for Rathupaswala victims
Apr 06, 2016 (LBO) – President Maithripala Sirisena has given his approval to provide 4.68 million rupees as compensation for 33 victims of Rathupaswala incident, a statement said. The President will present the compensation money to 24 persons, who are fully disabled or partially disabled or who are admitted to hospitals for treatment in the […]
Sri Lanka Parliament converts to Constitutional Assembly, members appointed
Apr 05, 2016 (LBO) – Sri Lanka’s new Parliament converted into a constitutional assembly for the first time today with the aim of enacting a new constitution. The Speaker Karu Jayasuriya is also the Chairman of the new Constitutional Assembly. The resolution presented by Prime Minister Ranil Wickremesinghe to convert parliament into a Constitutional Assembly in January […]
Panama Papers rock financial world, three Sri Lankan companies in list
Apr 05, 2016 (LBO) – A huge leak of documents has rocked the financial world revealing how some among the rich and powerful use tax havens to hide their wealth. With data still being leaked, three Sri Lankan companies are on the list, according to an interactive map making the rounds on social media forwarded […]
Sri Lanka launch Green Energy Champion Campaign
The German Ministry of Foreign Affairs together with The Ministry of Power and Renewable Energy of Sri Lanka, and the project implementing partner Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and supporting partners Sri Lanka Sustainable Energy Authority and The Sri Lanka Energy Managers Association (SLEMA) launched The Green Energy Champion Sri Lanka initiative, a […]
MTD Walkers says no partnership with Kolkata flyover builder
Apr 05, 2016 (LBO) – MTD Walkers PLC says says it is neither a JV partner nor the local partner of IVRCL of India, to clear up confusion in a recent media report, after Indian authorities began a probe into the flyover builder IVRCL. IVRCL Infrastructure Company in India is being investigated after a flyover […]
Sri Lankan biz delegation to visit Pakistan
Apr 05, 2016 (LBO) – A nine member Sri Lankan business delegation will visit Pakistan from 06th to 09th of this month to explore trade and investment opportunities, the Ceylon Chamber of Commerce said in a statement. The delegation, led by the Sri Lanka – Pakistan Business Council of the Ceylon Chamber of Commerce, will also […]
‘s UNP announces changes in party positions
Apr 05, 2016 (LBO) – Sri Lanka’s ruling United National Party on Tuesday carried out several changes in party positions, although there were no significant changes to the line up. The UNP Working Committee appointed Primary Industries Minister Daya Gamage as Senior Deputy Chairman of the party by abolishing the existing National Organizer post. Minister […]
PTL Watch: Short tenor yields dip, more activity in bonds
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Business leaders meet Lord Mark Malloch-Brown in Colombo
Apr 05, 2016 (LBO) – Top Sri Lankan business personalities met Rt Hon Lord Mark Malloch-Brown at a dinner event in Colombo organized by the Horton Debate Society. Mark Malloch-Brown was rated one of the 100 most influential people in the world, according to TIME magazine, in 2005. He was hosted to an intimate dinner […]
Sri Lanka tourist arrivals up 23-pct in March
Apr 05, 2016 (LBO) – Sri Lanka’s tourist arrivals rose 22.8 percent to 192,841 in March from a year earlier driven by arrivals from India and China, the data from tourist promotion office showed. In the first quarter of 2016, arrivals were up 22.1 percent to 584,818. Arrivals from South Asia were up 28.6 percent to 44,175 in […]
Canadian High Commission to Sri Lanka celebrates International Mine Day
The High Commission of Canada to Sri Lanka and Maldives was pleased to mark ‘International Day for Mine Awareness and Assistance in Mine Action’ on 4 April with an event held at Canada House which brought together key government officials, members of the international, diplomatic and donor communities, demining organizations and civil society. The Honourable […]
Colombo’s CICT port extends services for new shipping lines
Apr 04, 2016 (LBO) – Sri Lanka’s International Container Terminals (CICT) has expanded its services for new shipping lines, the Ports Authority said. As the first step, the terminal has allowed Taiwan-based Interasia lines to start cargo operations in the port of Colombo. The Ports Authority said ‘Interasia lines’ expects to use Colombo Port as […]