Author: lbostgadmin
World Health Day 2018 to be celebrated in Sri Lanka
Dr. Tedros Adhanom Ghebreyesus, the Director General (DG) of the World Health Organization (WHO) announced today in Geneva during the 142nd Session of the Executive Board of the WHO that the World Health Day 2018 will be celebrated in Sri Lanka. This year’s theme will be the Universal Health Coverage (UHC). The DG congratulating Sri […]
Sri Lanka inflation dips to 7.3-pct in December 2017
Jan 23, 2018 (LBO) – The overall rate of inflation as measured by National Consumer Price Index (NCPI) on year on year basis was down to 7.3 percent in December 2017 when compared with 8.4 percent November 2017, according to the Department of Census and Statistics. Issuing a statement the department said Y on Y inflation of food […]
Restricting sale of liquor to women: public debate is misinformed
Jan 22, 2018 (LBO) – Interdisciplinary think tank, Verité Research says that contrary to popular understanding, Excise Notification No.04/2018 issued by the Finance Minister only prohibits the sale of liquor to women inside a tavern. The research firm highlights that this restriction has no implication on the purchase of liquor almost anywhere else, which is […]
SriLankan records highest ever monthly operating revenue in December
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly […]
Sri Lanka signs FTA with Singapore tomorrow
Jan 22, 2018 (LBO) – A Free Trade Agreement between Sri Lanka and Singapore will be signed following bilateral talks between the two nations, Tuesday. Prime Minister of Singapore Lee Hsien Loong is to arrive in Sri Lanka on the invitation of Sri Lanka’s President Maithripala Sirisena, Monday. Last week, Sri Lanka’s Cabinet approved a […]
President of Indonesia to visit Sri Lanka this week
At the invitation of President Maithripala Sirisena, President of Indonesia, Joko Widodo will undertake a State visit to Sri Lanka from 24-25 January 2018. The Indonesian President will be accorded a ceremonial welcome with guard of honour and twenty one gun salute at the Presidential Secretariat on the evening of 24th January, followed by official […]
The role of the yahapalana opposition: Report
There is a yahapalana government as well as a yahapalana opposition in this country. After the August 2015 parliamentary election, the UNP Speaker refused to recognize the Joint Opposition which had over 50 MPs as a part of the opposition, and gave the opposition leadership to the TNA which had 16 MPs. The JVP which […]
‘s economy to grow USD 5Tn by 2025
Jan 22, 2018 (LBO) – Indian economy is set to double to USD 5 trillion in the next 7-8 years as booming consumption of digital services would support addition of about USD 2.5 trillion to the country’s wealth, Paytm founder Vijay Shekhar Sharma said today. “It took 70 years for India to become USD 2.5 […]
Hemas Holdings to acquire stationery manufacturer Atlas
Jan 19, 2018 (LBO) – Hemas Holdings has entered into an agreement to acquire 75.1 percent stake of Sri Lanka’s leading stationery manufacturer Atlas for 5.7 billion rupees. Hemas said in a statement that the acquisition of Atlas will increase the group’s presence in the fast-moving consumer goods space.“Atlas will become the third largest business […]
SLT launched country’s first, purpose built tier 3, National Data Centre
SLT announces grand opening of the state-of-the-art Tier 3 “National Data Center” in Sri Lanka Sri Lanka’s First “Purpose built Tier 3 Data Centre” First “Green Gold Certified Data Centre” in Sri Lanka First Network Function Virtualization ready Data Centre in South Asia Together with Ministry of Telecommunications and Digital Infrastructure (T&DI) […]
Seat belts, air bags compulsory on vehicles from July: Finance Ministry
Jan 19, 2018 (LBO) – Finance Ministry has decided to postpone the implementation of the budget proposal on introduction of emission standards and safety measures up to July 01, 2018. The decision has been taken after considering the representations made by motor vehicle importers and manufacturers for a lead time to make required adjustments to comply […]
Sri Lanka’s USD500mn development bond oversubscribed
Jan 19, 2018 (LBO) – The issue of Sri Lanka development bonds amounting to 500 million US dollars has been oversubscribed with close to 527 million US dollars of bids received from investors. The Central Bank has received 129.27 million dollars of bids for the two year bond and the bank has accepted 93.15 million […]