Author: lbostgadmin
Supreme Court issues interim order for gazette issued dissolving Parliament
Nov 13, 2018 (LBO) – Sri Lanka’s Supreme Court has issued an interim order staying operation of the Gazette proclamation dissolving the Parliament till 7 December 2018.Leave to proceed has been granted for all the Fundamental Rights petitions heard and the case has been fixed for argument on the first week of December 2018. Meanwhile, […]
Hayleys records turnover of Rs.103Bn for six months ending September
Nov 13, 2018 (LBO) – Hayleys PLC, a diversified conglomerate posted a 65 percent Year-on-Year (YoY) increase in turnover up to 103 billion rupees for the six months period ending 30 September 2018. The Group posted strong operating profits which expanded to 6.8 billion rupees from 3.2 billion rupees in the corresponding period. The Group […]
SAARC energy regulators meet in a bid to initiate regional power trade
Nov 13, 2018 (LBO) – Sri Lanka hosted the third meeting of South Asian Association for Regional Cooperation (SAARC) council of experts of energy regulators (Electricity) in Colombo, Tuesday to pave the way for initiating regional power trade through the implementation of SAARC framework agreement. Apart from the infrastructure and regional power trading, the council will […]
Financial Intelligence Unit entered into MOU with Department of Motor Traffic
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Department of Motor Traffic (DMT) on November 01, 2018 at the Central Bank of Sri Lanka to receive intelligence information related to […]
Supreme Court adjourned till 5:00pm as nation awaits decision on interim relief
November 13, 2018 (LBO) –
Kapila Chandrasena takes Ranjith Fernando’s seat at Sri Lankan Airlines
Nov 13, 2018 (LBO) – Former Chief Executive officer of Sri Lankan Airlines and Mihin Lanka Kapila Chandrasena has been appointed as the Chairman of Sri Lankan Airlines and Mihin Lanka following the change in the government. Corporate communications office of the Sri Lankan Airlines, however, did not reply to our request for more information. […]
Sampath Bank surpasses Rs.14 Bn mark in pre-tax profit
Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in the corresponding period in the previous year. This is a significant achievement particularly given the challenging macroeconomic conditions that were seen throughout this period. Profit After Tax (PAT) […]
Sri Lanka port volumes up
Nov 13, 2018 (LBO) – State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in transshipment container throughput for the first nine months (from January to September) in 2018 as against the corresponding period in 2017. During the first nine months of 2018, the transshipment […]
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) – Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a growth of 141 percent over the previous year. The Company attributed the profits to strong gains from performance improvement initiatives in local operations and significant contribution […]
We will form a broader and fresh alliance to save Sri Lanka: Ranil
Nov 12, 2018 (LBO) – Sri Lanka’s ousted Premier Ranil Wickremesinghe says that the political parties of United National Front are expecting to form a new political alliance. Releasing a special statement Wickremesinghe said they are currently discussing about building a broader people’s organization to save the country from the current situation.Wickremesinghe criticized the President […]
Petitions against dissolution of Parliament: Supreme Court adjourns till tomorrow
Nov 12, 2018 (LBO) – Sri Lanka’s Supreme Court adjourned till the next day as the Attorney General asked time for his submission for the Fundamental Rights petitions filed by several parties challenging the dissolution of Parliament. Supreme Court three-judge-bench comprising Chief Justice Nalin Perera, Justice Priyantha Jayawardena and Justice Prasanna S Jayawardena fixed the […]
Sri Lanka Foreign Minister briefs Colombo based diplomats
Nov 12, 2018 (LBO) – Foreign Minister Dr.Sarath Amunugama briefed foreign diplomats based in Colombo at the Ministry of Foreign Affairs this morning.According to the Foreign Ministry, the Minister has clarified the chain of events that compelled President Maithripala Sirisena to arrive at the decision to dissolve Parliament.He has emphasized the constitutionality of the steps taken […]