Author: lbostgadmin
President of Sri Lanka Maithripala Sirisena turns 67 years of age today
September 3, 2018 (LBO) – President of Sri Lanka Maithripala Sirisena turns 67 years of age today.Among the first public birthday wishes on twitter was from Namal Rajapaksa MP, reminding one of the old adage that there are no permanent friends or enemies in politics.
‘s KTA Asian Freestyle Championships come to Kalpitiya
September 3, 2018 (LBO) – Media Release The KTA, Asia’s long established kiteboard competition organisation is heading to Sri Lanka to bring the country’s first ever international competition in the sport – the KTA Sri Lanka Asian Freestyle X Championships. Kiteboarding has been growing steadily in Sri Lanka, as its strong wind reputation and stunning […]
Leveraging trade-investment nexus will enable Sri Lanka create high value jobs: Fin Min
Sept 03, 2018 (LBO) – Leveraging the trade-investment nexus will enable Sri Lanka to create high value jobs and attract technology to drive productivity growth and real wage growth for citizens, the Finance Minister says. “In addition to enabling market access, it is also essential to address the supply side bottlenecks for investors,” Mangala Samaraweera, […]
BIMSTEC leaders decide to rationalize organization
Sept 03, 2018 (LBO) – The Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) leaders, at the conclusion of the 2018 Summit laid the foundation for institutional mechanisms to accelerate the BIMSTEC process. The leaders agreed to establish a BIMSTEC Permanent Working Committee (BPWC), to draft a Charter for the organization, to […]
Oligarch Chat: Sumal wants to avoid tax, Harry wants Rs25bn, and Pathirage wants a dictator
September 2, 2018 (LBO) – As video clips move through traditional and social media, the public is abuzz about the comments made by some of Sri Lanka’s most powerful businessmen at the ‘Fireside Chat’ event last week at the Colombo Hilton. The event featured panelists: Dhammika Perera, Harry Jayawardena, Janak Hirdaramani, Merril Fernando, Sumal Perera […]
‘s oligarchs
August 31, 2018 (LBO) – Arguably Sri Lanka’s richest man, Dhammika Perera struck a patriotic tone at the recent “fireside chat” event at the Colombo Hilton. In a panel that comprised some of Sri Lanka’s most wealthy and influential businessmen (no women were on the panel), Perera stood out from the pack. The panel included […]
‘s petroleum data next week
Aug 31, 2018 (LBO) – Research vessel BGP Pioneer, sailing under the flag of Panama is to commence seismic data acquisition for exploring Sri Lanka’s prospects for petroleum resources in selected offshore areas of the island. The vessel is expected to call Colombo Port on Saturday and the operations are scheduled to be commenced ceremonially on […]
Lankem (LCEY) continues to bleed, loses over Rs400mn for the June quarter
August 31, 2018 (LBO) – Lankem Ceylon (LCEY) reported another rough quarter, continuing its multiyear losses. For the quarter ended June 2018, the company reported a loss of Rs417mn.The loss is troublesome for a company whose equity is down to Rs1.137bn, This large quarterly loss comes after losses for the year ended March 31, 2018 […]
Former Combank CEO Jegan Durairatnam joins DFCC as an Independent Non-Executive Director
August 31, 2018 (LBO) – Former CEO of Commercial Bank (COMB) Jegan Durairatnam has been appointed to the Board of Directors of DFCC. He joins the board as an independent non-executive Director. Duriaratnam spent 36 years at Commercial Bank rising to the level of CEO. Commercial Bank is the largest private sector bank in Sri […]
Godahewa says CSE has tanked since he resigned as SEC Chairman
August 30, 2018 (LBO) – Former SEC Chairman Nalaka Godahewa has tweeted that the Stock Market in Sri Lanka performed much better when he was the head of the SEC.The tweet was met with opposition from several users who accused the former SEC Chairman of presiding over an era of pumping and dumping in the […]
‘s Gihan Cooray to Chair Nations Trust Bank
August 30, 2018 (LBO) – John Keells Holdings (JKH) Group Finance Director Gihan Cooray is set to take over as Chairman of Nations Trust Bank from December 1, 2018. The unanimous board decision to appoint Cooray as Chairman came amidst the anticipated retirement of current Chairman Krishan Balendra, who is required resign after his 9 […]