Author: lbostgadmin
Hayleys Energy commences first oil and gas drillship lay-up at Hambantota, Sri Lanka
Dec 17, 2018 (LBO) – Sri Lanka’s Hayleys Energy Services announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the Hambantota International Port. Aban Offshore Limited, the company that own the vessel, is India’s largest offshore drilling services provider to oil companies, providing drilling operations, production and exploratory work […]
I appointed Ranil W as PM to respect parliamentary traditions: President
The special statement made by Maithripala Sirisena after the new Prime Minister sworn-in The January 08, 2015 Presidential election was an extraordinary people’s victory achieved through a challenging election campaign. In that victory, the people of the country had many of their hopes and expectations. As of now, with completion of almost four years, we […]
Constitutional violation cannot be rectified by way of an election: New PM
Dec 18, 2018 (LBO) – Taking oaths as Prime Minister of Sri Lanka, Ranil Wickremesinghe made a commitment to establishing normalcy in the country and continuing with the development agenda. In a special statement the reappointed Premier said that, this Constitutional violation cannot be rectified by way of an election. “It is also stated in the […]
MR announcing resignation says TNA now holds remote control in Parliament
English translation of the text of a speech made by former President Mahinda Rajapaksa at his Wijerama Mawatha residence on 15 December 2018. Most venerable members of the Maha Sangha, Clergymen of all religions, Members of Parliament, Ministers, and dear friends, The Supreme Court has delivered a judgement against the holding of the general election […]
‘s Premiership tomorrow
Dec 14, 2018 (LBO) – Mahinda Rajapaksa has decided to resign from the Premiership tomorrow after an address to the nation, Parliamentarian Namal Rajapaksa said.In a Twitter message, Namal Rajapaksa said the decision has been taken to ensure the stability of the nation.He, however, said the SLFP will work to form a broader political coalition with President Sirisena.After […]
Full Supreme Court decision against Parliament dissolution published
Dec 14, 2018 (LBO) – Sri Lanka’s Supreme Court in a historic judgment on Thursday ruled that the President’s decision to dissolve Parliament was unconstitutional and declared the dissolution null and void.Delivering a unanimous judgment, head of the seven-member bench Chief Justice Nalin Perera said the President’s decision to dissolve Parliament has violated 12 (1) […]
Kaspersky Lab makes inroads into Sri Lanka with new distributor SATL
Dec 14, 2018 (LBO) – Global cybersecurity company Kaspersky Lab has been successfully expanding its business in the South Asia region. Continuing to have a strong hold in the Indian market, they have now moved to achieve a similar hold in Bangladesh and Sri Lanka. After a successful launch in Bangladesh in November, Kaspersky Lab are […]
‘s development priorities needed
What is Next for Middle-Income Asia and Sri Lanka? By Dr. Ganeshan Wignaraja* Decades of sustained economic growth have left the Asia Pacific with few lower-income countries. Absolute poverty levels are and will continue to keep falling. This is cause for celebration. But it also requires a new partnership between countries and development institutions to […]
‘s decision to dissolve Parliament unconstitutional
Dec 13, 2018 (LBO) – Sri Lanka’s Supreme Court in a historic judgment on Thursday ruled that the President’s decision to dissolve Parliament was unconstitutional and declared the dissolution null and void. Delivering a unanimous judgment, head of the seven-member bench Chief Justice Nalin Perera said the President’s decision to dissolve Parliament has violated 12 (1) […]
CICT to enhance Colombo Port’s deep water capacity by March 2019
Dec 13, 2018 (LBO) – Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of 22,000 + TEUs. The Company said the enhancement encompasses the addition of two new mega Quay […]
Gihan Cooray appointed Chairman of Nations Trust Bank
Dec 13, 2018 (LBO) – Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st 2018. Cooray takes over as Chairman following the retirement of Krishan Balendra who stepped down after having served the stipulated maximum 9 year tenure as a Director […]
Korean Depository to collaborate with Lankan counterpart CDS
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), signed a MoU with Korea Securities Depository (KSD) on the sidelines of the 22nd Annual General Meeting of the Asia‐Pacific Central Securities Depository Group (ACG) hosted in Colombo. The MoU aims to strengthen the relationship between the depositories and […]