Author: lbostgadmin
‘s finance minister threatens Gotabaya
Mar 24, 2015 (LBO) – Sri Lanka’s finance minister, Ravi Karunanayake has threatened to send a letter of demand to former defense secretary Gotabaya Rajapaksa for what he calls ‘false charges’ being leveled against him.In a media release issued on Tuesday by minister Karunanayake, he says he will send a letter of demand to Rajapaksa […]
Sri Lanka’s BOP records deficit of US $ 695.5mn: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP deficit of 695.5 million US dollars in 2014 compared to a surplus of 732.9 million US dollars, a year earlier. Worker’s remittances declined 5.8 per cent to 523.5 million US dollars in January 2015 from a […]
Sri Lanka’s exports increase 0.6-Pct in Jan 2015: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s export earnings rose 0.6 per cent to 910 million US dollars in January 2015 form a year earlier led by industrial exports, the Central bank said.Earnings from industrial exports increased by 0.9 per cent due to an increase in export of petroleum products, machinery and mechanical appliances and […]
Sri Lanka to produce indigenous natural gas and stop importing fossil fuel: Official
Mar 24, 2015 (LBO) – Sri Lanka’s new government targets 100 percent clean indigenous energy to develop the island as a green country while importing fossil fuel, an official from the Ministry of Power and Energy said. “We want to develop the country but it has to be more green and environment friendly development,” Suren […]
‘s Central Bank says acting arrangement for governor is legal
Mar 24, 2015 (LBO) – Sri Lanka’s Central Bank has rejected the claims made by former deputy governor W.A. Wijewardena over the legality of decisions made in the bank without the governor’s approval.The full text of the statement issued by the Central Bank is reproduced below.Acting arrangement for the Governor of the Central Bank during […]
Sri Lanka’s new Inland Revenue chief to strengthen staff capacity with more training
Mar 24, 2014 (LBO) – Sri Lanka’s Inland Revenue department says they intend to strengthen the capacity of the department’s staff by educating and providing further training for them.“I want to ensure that the employees of the whole department are strengthened and made more capable through education, training and further qualifications. This will allow them […]
‘s JVP threatens to quit National Executive Council
Mar 24, 2015 (LBO) – Sri Lanka’s Marxist Janathā Vimukthi Peramuṇa on Tuesday demanded the government to call a National Executive Council meeting immediately to solve urgent issues. Releasing a statement the JVP said that they will decide whether to quit the council or not after discussing the matter with civil society organizations who contributed […]
Apple to become a trillion dollar company
Mar 24, 2015 (LBO) – As Apple gets ready to launch its first new product in five years, Cantor Fitzgerald is raising its price target to a level that would make Apple a trillion company, a Bloomberg business report said.People first started talking seriously about the potential for Apple to become a trillion dollar company […]
”s office
Mar 23, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena ordered to suspend the new transfers of police officers with immediate effect, the president office said in a statement.The statement said that the President has instructed that all police transfers be made under a special three-member committee comprising the President’s Secretary, Secretary to the Ministry […]
Sri Lanka may not dissolve parliament in April 2015: former SLFP minister
Mar 23, 2015 (LBO) – Sri Lanka Freedom Party chief organizer, John Seneviratne told LBO that the country has a higher chance of not going for an election in April 2015.“The president might not go for an election,” John Seneviratne told LBO.“We have not agreed on an election as a party.” Sri Lanka held its […]
Sri Lanka’s media walk out of Finance Ministry briefing after they were kept waiting for two hours
Mar 23, 2015 (LBO) – Sri Lanka’s journalists from print and electronic media institutions, today walked out of a press conference organized by the Finance Ministry after been kept there for almost two hours.The Ministry sent out the invitations calling for participation of the said media institutions last evening saying the press conference will start […]
Sri Lanka’s markets needs to be patient till call for election and new govt. settles in: CSE Chief
Mar 23, 2015 (LBO) – Sri Lanka’s industries and markets should wait till the new rulers call for a general election and give time for the new government settle in, the Colombo Stock Exchange Chief said at the capital market conference 2015, held in Colombo recently.However he said, consistency in policy should be maintained to […]