Author: lbostgadmin
‘ meeting Monday
May 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena is scheduled to present the proposed 20th Amendment to the constitution at the all political party representatives’ meeting to be held Monday (11), a government media report said.“It will then be presented to the Cabinet of Ministers on May 13 and to Parliament on May […]
Sri Lanka’s oil mafia spreads false propaganda; no fuel shortage: Power Ministry
May 09, 2015 (LBO) – Sri Lanka’s Power and Energy Ministry says there is no fuel shortage in the country and requests people not to be misled by false propaganda.Oil mafia earlier spread a false statement saying oil prices will be increased shortly and now they are pretending an oil shortage in the country, the […]
Sri Lanka stocks close flat
May 08, 2015 (LBO) – Sri Lanka’s stocks closed flat with investors continuing to take profits, brokers said. The Colombo benchmark All Share Price Index closed 0.43 points lower at 7,212.47 down 0.01 percent. The S&P SL20 closed 0.77 points lower at 4,058.77 down 0.02 percent. Turnover was 633.7 million rupees down from 1.16 billion […]
Sri Lanka exports up 5.8-pct in Feb; imports rise at a faster 7.7-pct
May 08, 2015 (LBO) – Sri Lanka’s exports rose 5.8 percent to 891.4 million US dollars in February 2015 from a year earlier driven by apparel exports, official data showed.Apparel exports rose 6.0 percent to 419.9 million US dollars and other industrial exports rose 15.8 percent to 117.6 million US dollars. Petroleum product exports rose […]
Sri Lanka tourist arrivals up 8.5-pct in April 2015; India top gainer
May 08, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 8.5 percent to 122,217 in April 2015, from a year earlier driven by growth in the Indian and Chinese markets, official data shows. Top generating market for April, India rose 34 percent to 23,048 from a year earlier while recording a 23 percent rise in […]
Sri Lanka and Russia to maintain strong bonds and expand bilateral cooperation
May 08, 2015 (LBO) – Sri Lanka and Russia should continue to maintain their strong friendship and close bilateral ties, irrespective of international trend,President Maithripala Sirisena had said.This was discussed when Ambassador of Russia to Sri Lanka, Alexander A Karchava, called on the President at the Presidential Secretariat on Thursday (May 07), the president office […]
Sri Lanka in talks with ADB to double annual funding to $1.2bn
May 08, 2015 (LBO) – Sri Lanka’s new administration is discussing with the Asian Development Bank (ADB) to double its annual funding up to 1.2 billion US dollars, Finance Minister Ravi Karunanayake said.The funds would be utilised by the Government for development initiatives, budgetary allocations, capacity development and debt relief, he said. “We used to […]
‘s FCID is politically biased: Gammanpila; Police denies
May 07, 2015 (LBO) – Sri Lanka’s Police Financial Crimes Investigation Division is a mere political tool that certain politicians get hammered, provincial councilor Udaya Gammanpila said.Gammanpila, the General Secretary of Pivithuru Hela Urumaya, told reporters Thursday that the newly established division is politically biased. “There is nothing in the world history; choosing complaints to […]
Sri Lanka stocks close up 0.3-pct
May 07, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.29 percent, helped by yesterday’s Treasury Bill yield drop, brokers said. The Colombo benchmark All Share Price Index closed 20.61 points higher at 7,212.90 up 0.29 percent. The S&P SL20 closed 3.63 points higher at 4,062.61 higher 0.09 percent. Turnover was 1.16 billion rupees […]
Sri Lanka’s President Sirisena said special attention should be paid for educational reforms
May 07, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena says that special attention should be paid to the reforms to be done in the education sector taking into account today’s commercialized society. He was quoted in a statement saying that separating schools as Sinhala, Tamil and Muslim is not suitable in the current social […]
Sri Lanka’s vehicle registration up due to low interest leasing facilities and Yen depreciation
May 07, 2015 (LBO) – Sri Lanka’s vehicle registration grew 31.5 per cent to 429,556 in 2014, backed by low interest leasing facilities, Japanese Yen depreciation against Sri Lankan rupee, rise of hybrid vehicle imports and increase in of motor cycle registration, the Central Bank said. “The number of new vehicles registered during 2014 increased […]