Author: lbostgadmin
Sri Lanka government foreign borrowings at Rs137bn; Rs316bn to borrow
July 06, 2015 (LBO) – Sri Lanka’s government has already borrowed 137 billion rupees and plans to borrow another 316 billion rupees before the end of this year, Dr.Harsha de Silva said. As per the revised budget approved by the Parliament this year, 258 billion rupees is to be raised through foreign borrowings and another […]
SriLankan Airlines, airberlin and NIKI codeshare mulls boost in tourism
July 6, 2015 (LBO) – SriLankan Airlines, airberlin the second largest airline in Germany and its subsidiary NIKI signed a new codeshare agreement recently, paving the way for increased tourism potential between Sri Lanka, Germany and Austria.“SriLankan Airlines is confident that our new codeshare with airberlin and NIKI will provide a much needed boost for […]
Ceylon Biscuits group chairman retires after 48 years of service
July 06, 2015 (LBO) – Sri Lanka’s biscuits manufacturing giant Ceylon Biscuits group said its Chairman Mineka P.Wickramasingha has been retired after 48 years at the helm of the organization he founded in 1968.At a recent Board meeting held on the 24 June 2015, the current Deputy Chairman, Ramya Wickramasingha was elected by the Board […]
“SRI LANKA – TECHNOLOGY DRIVES DISRUPTION: EMBRACE OR FACE EXTINCTION”| LBR LBO SUMMIT 2015
LBR LBO Annual Enterprise Summit 2015 will be held on 14th July at Oak Room, Cinnamon Grand with a total of 30 speakers both local and Intentional. This year’s Platinum and Title Sponsor is Leapset, while Singer Mega and Sampath Bank are Gold sponsors. Etisalat is the mobile enterprises solutions partner. At a media briefing […]
Greece referendum rejects reforms; Eurozone members to meet
July 06, 2015 (LBO) – European Commission after the result of the Greece referendum has called Eurozone members and the Heads of the EU institutions for an immediate discussion.Releasing a statement the European Commission said its President Jean-Claude Juncker will address the European Parliament in Strasbourg on Tuesday. “President Juncker is consulting tonight and tomorrow […]
Huawei launches its flagship smartphone – P8
July 6, 2015 (LBO) – Chinese telecoms maker Huawei together with Singer Sri Lanka launched its newest addition to the smart phone segment “Huawei P8” in Colombo recently.“The Huawei P8 is inspired by the best of human design from different cultures across the centuries and embodies the human spirit of exploration and beauty,” Henry Liu, […]
Sri Lanka rupee may strengthen with foreign cash inflows for election: CB Governor
June 6, 2015 (LBO) – Sri Lanka’s rupee may strengthen supported by foreign inflows to finance an upcoming general election in September this year, Central Bank Governor Arjuna Mahendran told reporters recently.Mahendran said this in reply to a question raised by a journalist about the prediction made by Finance Minister Ravi Karunanayake on 23rd of […]
Sri Lanka Tourist arrivals up 12 pct- in June 2015
July 6, 2015, (LBO) – Sri Lanka’s tourist arrivals rose 11.9 percent to 115,467 in June 2015 from a year earlier, driven by India and China, data from the state tourism promotion office showed. In the year to June, arrivals of visitors were up 14.1 percent to 830,051 from the year before. South Asian visitors […]
‘s Freedom Alliance yet to unite
July 04, 2015 (LBO) – Sri Lanka’s United People’s Freedom Alliance led by President Maithripala Sirisena decided to allow ex-President Rajapaksa to contest under UPFA. Though Rajapaksa fraction demanded the position of Prime Ministerial candidature or UPFA group leadership at the recent discussions, President Sirisena has refused them. Rajapaksa allies on Friday evening holding a […]
US reauthorized GSP, Duty Free Entry for 5000 products from 122 countries and territories
July 3, 2015 (LBO) – Sri Lanka’s Department of Commerce says that the US President has restored US Generalized System of Preferences (GSP) with effect from 29.06.2015 with retroactive respect including Sri Lanka.A statement said that the US President signed into law HR 1295 on June 29, 2015 re-authorizing the US GSP Programme until 31 […]
Mahinda won’t accept nomination unless it’s for leadership position: Vasudeva
July 3, 2015 (LBO) –United People’s Freedom Alliance’s fraction of former president Rajpakse says that they won’t accept the nomination unless the party agrees to give leadership for Rajapakse.“We asked for the leadership (Group leadership or Prime Ministerial Candidate) of UPFA, not the nomination,” Vasudeva Nanayakkara told LBO on Friday.“That is why it is not […]
Sri Lanka’s President should ask the COPE report on CB Bond: Former COPE Chairman
July 3, 2015 (LBO) – Sri Lanka’s President Sirisena should read the COPE report on the much talked bond scam and take actions if necessary, former Chairman of the inquiry committee DEW Gunasekera said.“If President wants he can get a copy of this report from the secretary of the parliament and see whether there is […]