Author: lbostgadmin
The army will not get involved in the constitutional crisis – AFP report
October 31, 2018 (LBO) – Sri Lanka’s army commander Mahesh Senanayake has told AFP the armed forces expected politicians to “constitutionally and legally” end the dispute.“The army will not get involved,” he said, responding to questions on the role of the military as the constitutional crisis, which is now on day 6, continues.“The police are responsible […]
Attorney General side steps Constitutional Crisis
October 13, 2018 (LBO) –
International community continues to recognise Ranil as legitimate PM – Sir Hugo Swire
October 31, 2018 (LBO) – Foreign Secretary of the United Kingdom Jeremy Hunt has indicated that he will speak to President Maithripala Sirisena and communicate to him that the international community continues to recognise Ranil Wickremesinghe as the legitimate Prime Minister of Sri Lanka. He will also request that Parliament be recalled as a matter […]
Central Bank releases publication with highlights of 2018 & prospects for 2019
Oct 30, 2018 (LBO) – Central Bank of Sri Lanka today released its half-yearly publication – “Recent Economic Developments: Highlights of 2018 and Prospects for 2019”. A summary of the performance of the Sri Lankan economy in 2018 as reflected in this publication is given below: [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2018/10/Press-Release-E.pdf” title=”Press Release (E)”]
Piramal Glass top line grew by 14-pct during half year ended Sept 2018
Piramal Glass Ceylon PLC has reported its results for the 1st half of the year FY 2018-19 with Rs. 3,586 million of Revenue and Rs. 38 million of Profit After Tax as against the similar period of the previous year which was Rs.3,082 million and PAT of Rs. 154 million. At half year the Company’s […]
‘s political standoff lifts refinancing risk: Fitch Ratings
Oct 30, 2018 (LBO) – Sri Lankan president’s sudden replacement of the prime minister on 26 October highlights tensions within the coalition government and creates uncertainty over further progress on reform and fiscal consolidation, says Fitch Ratings. Prolonged political upheaval accompanied by deterioration of policy continuity could undermine investor confidence and make it more challenging […]
John Keells (JKH) stock flying – approaching 150/share as foreigners selling
October 30, 2018 (LBO) – Shares in Colombo Stock Exchange (CSE) bellwether John Keells Holdings (JKH) are soaring with the stock approaching Rs150/share after recently hitting multi-year lows. The stock has had a strong near 20% bounce off the lows.Volume is light so far today even as the stock is up 4%.Yesterday there was heavy […]
No explanation yet from AG about who should serve as Prime Minister: Speaker
Oct 30, 2018 (LBO) – Speaker Karu Jayasuriya today rejected reports that he received an explanation from the Attorney General as to who should serve as the lawful Prime Minister. Media Unit of the Speaker issuing a statement said the Speaker did not receive any explanation from the Attorney General so far.
Speaker requests President to reconvene Parliament immediately
Oct 30, 2018 (LBO) – Speaker Karu Jayasuriya today requested President to reconvene the Parliament immediately without delaying it until 16 November as a new cabinet with a prime minister has already been appointed. Jayasuriya further says that over 125 parliamentarians representing UNP, TNA, JVP, and SLMC have submitted him a request to protect their […]
EU – Important that President allow the immediate reconvening of Parliament
October 30, 2018 (LBO) – Statements by the Spokesperson The sudden deterioration of the situation in Sri Lanka over the weekend puts the country at risk of instability and unrest. Along with other key international partners of Sri Lanka, the Ambassador of the European Union met today with the President of Sri Lanka, Maithripala Sirisena, […]
Sri Lanka export income up in Aug 2018: Reserves at USD 8.6Bn
Oct 30, 2018 (LBO) – The Central Bank of Sri Lanka said the island’s external sector performance remained subdued in August 2018. “During the month, the deficit in the trade account narrowed marginally compared to a year earlier as the rise in export income outpaced the growth in import expenditure,” it said. Meanwhile, other inflows […]
Wijeyadasa, Vasantha, Devananda, Vadivel, Thondaman appointed as new ministers
Oct 29, 2018 (LBO) – Wijeyadasa Rajapakshe has been appointed as the Minister of Education and Higher Education while Douglas Devananda has been appointed as the Minister of Resettlement, Rehabilitation, Northern Development, & Hindu Religious Affairs. Arumugam Thondaman has been appointed as the Minister of Hill Country New Villages, Infrastructure and Community Development while Vasantha Senanayake has been […]