Author: lbostgadmin
’s Presidential Election Postal Votes – Update 01
Jan 09, 2015 -Sri Lanka’s postal results of the Presidential Election 2015 was announced by the Department of Elections with the release of postal vote results of the Ratnapura District. President Mahinda Rajapaksa has received the highest with 11,864 postal votes (56.6%) while Common Prsidential candidate Maithripala Sirisena received 9,053 postal votes (43.2%) in the […]
‘s new president to be sworn today
Jan 09, 2015 (LBO) – Sri Lanka’s newly elected president Maithripala Sirisena is to be sworn in today (09) evening at 6 pm in Independence Square, Colombo,a media release said. Sri Lanka’s President Mahinda Rajapaksa has left Temple Trees following a brief discussion with the opposition leader Ranil Wickramasinghe on Friday morning. Opposition leader Ranil […]
’s President Rajapaksa says delivered what he promised: VIDEO
Jan 09, 2015 (LBO) – Sri Lanka’s outgoing president Mahinda Rajapaksa says he bows down to people’s choice as he wants to uphold what he promised. 2005 Mahinda Chintana says a ruler is only a temporary trustee and not an owner of this country. This is the time that promise will be fulfilled, Rajapaksa said. […]
Sri Lanka expects US$100 Bn Market Capitalization by 2020: SEC Chief
Jan 08, 2014 (LBO) – Sri Lanka expects a US$ 100 billion market capitalization by 2020, the Chairman of Securities and Exchange Commission said yesterday.We hope to see about 7. 5 billion US dollars being raised through the capital market over the next six years which will add another US$ 30 billion as capitalization,” We […]
’s Presidential polls begins
Jan 08,2014 (LBO) – Sri Lanka president polls commenced at 8 in the morning today and will continue till 4 pm. President Rajapaksa contesting for a third term seeking power. He is challenged by former health minister Maithripala Sirisena who defected to the opposition. About 15,044,490 voters has been registered for the election. About 12,314 […]
’s Presidential Election
Jan 08, 2015 (LBO) – Sri Lanka’s voter turnout exceeded 70 percent in Kalutara, Nuwara Eliya, Matara and Ratnapura districts, Election Returning Office (ERO) said. Kalutha has reported 70 percent while Nuwara Eliya is 80 percent, Matara 73 percent, Trincomalee 72 percent Ratnapura 84 percent Kegalle 75 percent, kandy 76 percent, Galle 73 percent Puttalam […]
Sri Lanka SEC says State Owned Enterprises should be listed on CSE
Jan 07, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission says, not only the private sector but also State owned Enterprises (SOEs) should be listed on the Colombo Stock Exchange, in order to achieve its USD 100bn market capitalization target by 2020. However, there are several commercial ventures that belong to government which are […]
’s election chief agrees new measures for vote counting: Bar Association
Jan 06, 2015 (LBO) – Sri Lanka’s election commissioner has agreed to a set of proposals aimed at holding a transparent vote counting process, the bar association of Sri Lanka said. The proposals for the upcoming presidential election include, polls monitors to be informed of the results of the counting centers before making it officially […]
’s BOP recorded a surplus of US $ 1,400mn: Central Bank
Jan 05, 2014 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP surplus of 1,400 million US dollars in 2014. Sri Lanka’s exports grew by 10 percent to 11.4 billion dollars in 2014 and imports were up 7.8 percent to 19.4 billion US dollars in 2014. The trade […]
’s Regional Development Bank to issue Rs.2.5 bn debenture issue
Jan 05, 2014 (LBO) – Sri Lanka’s Regional Development Bank or Pradeshiya Sanwardana Bank to issue debenture to raise 2.5 billion rupees which will be listed on the Colombo Stock Exchange, the bank said in a stock exchange filling. The bank plans to offer about 25 million unsecured, subordinated, redeemable debentures at 100 rupees each. […]
Economic Imperatives post 8th January by Ceylon Chamber of Commerce
Since the end of the conflict in 2009, Sri Lanka has achieved economic growth above 7 percent on average and a relatively stable macro-economic position. Inflation and interest rates have been low, fiscal deficits have been steadily reduced, balances of payments have been stable, and investment in infrastructure has increased. However, household incomes have not […]
Central Bank says Sri Lankan Rupee was relatively stable in 2014
Jan 05, 2014 (LBO) – Sri Lanka’s Rupee was relatively stable amidst the volatility in the international currency market, the Central Bank has said. Now, in the normal condition that we have been used to, all those appreciations would have depreciated,” Nivard Cabraal , Governor of Central Bank said. “But this has taken place at […]