Author: lbostgadmin
UPFA opposes giving opposition leadership to Joint Opposition
Aug 07, 2018 (LBO) – United People’s Freedom Alliance (UPFA) has opposed the request of Joint Opposition about the opposition leader post in the Parliament, political sources said.A letter signed by eight people in the Joint Opposition had been sent to the speaker requesting Dinesh Gunawardene be appointed as the leader of the Opposition.UPFA General […]
Land area of Mirigama Export Processing Zone to be expanded by 108 acres
Aug 07, 2018 (LBO) – Sri Lanka’s Board of investment says the Mirigama Export Processing Zone is presently expanding its land area by another 108 Acres, adding 31 industrial lots to the zone with an objective of facilitating more FDI into the country. The Mirigama Export Processing Zone (MEPZ) has contributed 14 million US dollars […]
Fin Min says NO changes for doctors paye tax only amend expenditure calculation process
Aug 07, 2018 (LBO) – The Finance Ministry yesterday announced the income tax level of doctors had not been reduced from 24 percent to 15 percent, but an agreement had been reached to amend the expenditure calculation process.Issuing a statement late last evening it said that no changes in the tax rate for the calculation of […]
Sri Lanka President says “NO” increase of salaries for Ministers and MPs
Aug 07, 2018 (LBO) – President Maithripala Sirisena says even though the Sunday newspapers published that the decision was made to increase the salaries of the Ministers and MPs by the consent of all the party leaders, it should be submitted to the cabinet and that he would never allow it to be approved. President […]
‘s Nations Trust Bank Records PAT of Rs1,875Mn
Aug 07, 2018 (LBO) – The Nations Trust Bank closed the six months period ending June 30, 2018 with a post-tax profit of 1,875 million rupees and a pre-tax profit of 3,882 million rupees, the Bank said in a statement. Net interest income increased by 35 percent mainly attributable to growth in volumes with a […]
Prime Finance (GSF) swings to profit, increases capital via rights issue, deposits top Rs2.6bn
August 6, 2018 (LBO) – Colombo Stock Exchange listed Prime Finance PLC (GSF) reported a profit of Rs29mn for the quarter ended June 2018.This was against a loss in the year ago June quarter.Deposits at the CBSL registered finance company were up more than 10% over the March 2018 quarter to stand at Rs2.66bn. Revenues […]
SOMAP makes mandatory offer to all shareholders of Anilana Hotels (ALHP)
August 6, 2018 (LBO) – Singapore incorporated company SOMAP has made a mandatory offer to acquire all outstanding shares in CSE listed Anilana Hotels (ALHP). The price of the offer is Rs1.30/share, and total outlay if all shareholders accept the offer will be over Rs600mn. The offer is being made due to the takeover rules […]
” with stable outlook
Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC’s (Abans) National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. A full list of rating action is at the end of this commentary. The affirmation reflects Fitch’s view that Abans will continue to make meaningful progress towards improving its net leverage, defined as lease-adjusted debt net […]
COPE summons CEB, PUCSL and Power Ministry over private power purchases
Aug 06, 2018 (LBO) – The Committee on Public Enterprises (COPE), has summoned Ceylon Electricity Board (CEB), Ministry of Power and Renewable Energy and Public Utilities Commission of Sri Lanka (PUCSL) to investigate the purchasing of electricity from private power plants and requested to table the reports with relevant information by tomorrow (07th). The Auditor General’s department […]
‘s T20 Cricket Tournament
Aug 06, 2018 (LBO) – Sri Lanka’s first ever T20 cricket tournament intended only for the daddies has been launched under the guidance of 1996 World Cup cricket team.Former captain Arjuna Ranatunga will be the advisor of this ‘My Dad My Superstar; Dad’s Cricket Tournament’ which will be comprised of 18 cricket teams including those who […]
Gotabaya Rajapaksa appoints official Media Spokesperson
August 6, 2018 (LBO) – In a tweet less than an hour ago, speculated presidential candidate Gotabaya Rajapaksa announced the appointment of his official media spokesperson. The appointment of a youth official to such a crucial position has come as a surprise to some political insiders. The tweet follows below:
‘s female unemployment on the rise
Aug 06, 2018 (LBO) – Sri Lanka’s unemployment in the first quarter of 2018, rose to 4.5 percent, up from 4.1 percent a year earlier, with female unemployment up to 7.4 percent in the quarter from 6.5 percent in 2017, official data shows. The estimated economically active population is about 8.3 million in the first quarter 2018. Of […]