Author: lbostgadmin
SriLankan airlines, a haven for power abuse
Apr 08, 2015 (LBO) – The board appointed to inquire Sri Lanka’s national carrier, SriLankan Airlines said, the airline lacks a proper human resource policy which in turn creates opportunities for the abuse of power. Human resource is an integral part of any industry and SriLankan airline, a service industry is heavily based on manpower. […]
”’
Apr 08, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Central Finance Company PLC’s proposed senior secured debentures of up to 3 billion rupees an expected National Long-Term Rating of ‘A+ (lka) (EXP)’. The proposed debentures will have tenors of between three and five years, and fixed-rate coupons. The company plans to the proceeds […]
Sri Lanka’s government threatens to dissolve parliament
Apr 08, 2015 (LBO) – Sri Lanka’s United National Party led government on Tuesday threatened to dissolve parliament immediately if the opposition defeats the 19th amendment to the constitution.“We’ll anyway have a parliamentary election soon. So we are trying to pass the 19th amendment during this week it self,” “But if it gets defeated we […]
Sri Lanka targets US tourists through “Monkey Kingdom” Disney movie
Apr 08, 2015 (LBO) – Sri Lanka tourism promotion office says that the country is set to receive a massive boost from in its seventh key market USA with the recently launched Disney documentary movie ‘Monkey Kingdom’. “We need to do everything we can”, said Tourism Minister, Navin Dissanayake. “To make sure our tourism authorities […]
Sri Lanka’s Hilton hotel gets new Chairperson
Apr 08, 2015 (LBO) – Sri Lanka’s Hotel Developers (Lanka) Plc, owners of Hilton hotel Colombo has appointed Sagarika Delgoda as it Chairperson, a media report said.The appointment was made by the Finance minister, Ravi Karunanayake under whose purview the company comes.She replaces Tirukumar Nadesen.Delgoda holds an upper second class Political Science and Government degree […]
Sri Lanka’s government threatens to dissolve parliament if 19th amendment defeats
Apr 08, 2015 (LBO) – Sri Lanka’s United National Party led government on Tuesday threatened to dissolve the parliament immediately if the opposition defeats the 19th amendment to the constitution.“We’ll anyway have a parliamentary election soon. So we are trying to pass the 19th amendment during this week it self,” “But if it gets defeated […]
Sri Lanka’s national government divides over parliament vote
Apr 08, 2015 (LBO) – Sri Lanka’s national government has divided over a parliament motion moved at increasing the maximum amount to borrowings through short term treasury bills. The motion which intended to increase the threshold from 850 billion rupees to 1,250 billion rupees was defeated in parliament with 31 votes in favor and 52 […]
‘s port city project awaits new instructions
Apr 07, 2015(LBO) – Sri Lanka’s controversial Chinese funded port city project builders said that the government is yet to invite the company for discussions or issue a directive regarding the project review process, which is currently underway. The Chinese companies involved are China Communication Construction Company (CCCC) and the Project Company of the Colombo […]
Sri Lanka’s BOC appoints acting GM following suspension of D.M.Gunasekera
Apr 07, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon has appointed P.J. Jayasinghe, the Deputy General Manager, support services of the bank as an Acting General Manager,bank sources revealed.A source said that Jayasinghe reported to work in his new capacity today.The appointment followed the suspension of the bank’s General Manager, D.M.Gunasekera. The […]
Sri Lankan Airlines risk passenger safety with poor pilot training standards
Apr 07, 2015 (LBO) – Sri Lankan Airlines has scared passengers away by recruiting cadet pilots who repeatedly failed entrance tests, a government minister said.“Those who failed the required exams were eventually recruited on verbal requests from the airlines former management.” Education minister Akila Viraj Kariyawasam told reporters Tuesday.The board of inquiry (BoI) headed by […]
Sri Lanka will uphold ban on illegal Indian fishermen, Rs.1 bn loss daily: Minister
Apr 07, 2015 (LBO) – Sri Lanka’s is losing one billion rupees daily due to illegal fishing by Indian fishermen in Island’s Northern waters,Minister of fisheries said.The new regime also plans to strongly uphold its ban on foreigners fishing in the Indian Ocean Island’s waters.“During recent discussions with Indian fishermen, they asked for 83 days […]
Sri Lanka sells Rs20.04bn in 2 and 6 year bonds
Apr 07, 2015 (LBO) – Sri Lanka has sold 20.04 billion rupees of two and six year bonds after calling bids for 20 billion rupees of bonds, the state debt office said.The debt office on Tuesday sold 12.44 billion rupees of two year bonds maturing on 15 May 2017 at weighted average yield of 8.14 […]