Author: lbostgadmin
Sri Lanka’s former President Mahinda Rajapaksa to contest general election
July 01, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa on Wednesday making a special statement officially announced that he will contest the upcoming general election.“I don’t have a right to refuse your request to contest the general election.We are ready to correct our past errors and I request all patriotic people to gather […]
Sri Lanka’s President blocks MR contesting under SLFP as PM candidate
June 30, 2015 (LBO) – Sri Lanka’s President as the chairman of Sri Lanka Freedom Party has not agreed to name a Prime Ministerial candidate for the upcoming election, President’s media division said.A prime minister will be appointed based on the views of new parliamentarians representing SLFP led UPFA, the statement further said. Meanwhile former […]
Sri Lanka’s Access Engineering to enter property development sector
June 30, 2015 (LBO) – Sri Lanka’s leading construction company, Access Engineering is to enter into the highly growing property development sector with 524 million rupees of investment, the company said.The company has invested 273.6 million rupees to acquire Horizon Holdings Ventures private limited incorporated in this month.It has also invested 250.0 million rupees to […]
“We don’t think President will join hands with MR”: Harin Fernando
June 30, 2015 (LBO) – Sri Lanka’s United National Party today said that they still do not think President Sirisena will join hands with former President Rajapakse in order to get Sri Lanka freedom party (SLFP) win the election.“For the past few days, we have heard Mahinda Rajapakse saying that mistakes has been done during […]
Sri Lanka 3 and 6 months Treasury bill yields up, 12 months flat: Central Bank
June 30, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up at Tuesday’s auction with 3-months yield up 03 basis points to 6.11 percent and 6-month yields also were also up 03 basis points, to 6.21 percent, data from the state debt office showed. It was decided to accept 12,175 million rupees from the […]
Sri Lanka’s inflation at record low of 0.1-pct in June 2015
June 30, 2015 (LBO) – Sri Lanka’s inflation measured by Colombo Consumer Price Index has fallen to 0.1 percent in June 2015 from a year earlier, data from the statistics department showed. The index increased by 1.0 percent in the month to close at 181.6 points, after gaining from 0.7 percent in May 2015. The […]
Sri Lanka’s govt targets a USD 6000 per capita income within next five years – President
June 30, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena was quoted saying that the government expects to increase per capita income to 6000 US dollars, within next five years and comprehensive development will be formed in every field including investments and industries to achieve this. President Sirisena has made this comments while he was […]
Sri Lanka North calls for private investments
June 30, 2015 (LBO) – Sri Lanka’s Northern Province calls for private investments in water disposal, recycling, construction, health care, hospitality, trade and vocational targeting at increasing household income of the people.“Some of the fundamental problems faced by the people of the North and the East are their socio-economic problems, the post conflict trauma, livelihood […]
Greece to default debt
June 30,2015 (LBO) – A senior government official of Greece has declared that Greece will not honor loan installment repayment of USD 1.8 falls due on Tuesday, media reports say. Analysts say this brings Greece a step closer to departure from Eurozone.Leaving the Eurozone is highly complicated, as the agreement that brought nations together to […]
Sri Lanka’s former President Rajapaksa to make special statement tomorrow
June 30, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapaksa is to make a special public statement tomorrow morning, former President’s media coordinator Rohan Weliwita said. “Former President is making a public statement tomorrow at 11.20 at his residence in Weeraketiya, Madamulana.” Weliwita told LBO. Pro Rajapaksa fraction is reportedly making arrangements to form a […]
Asia Misery Extended to European Markets
June 29,2015 (LBO) -The European markets fell sharply on Monday following the dramatic drop in Asia markets in earlier Monday, spooked by a possibility of Greece walking away from the debts.In France CAC40 fell by nearly 5%, in Germany DAX by 3% and in Britain FTSE 100 by 2.2%. The Greek debt crisis also hit […]
Sri Lanka sells Rs32.3bn of 4, 6 and 8 year bonds
June 29, 2015 (LBO) – The issue of treasury bonds amounting to 30 billion rupees have been oversubscribed with 79.15 billion rupees of bids received from investors.The central bank has accepted 3.7 billion rupees of four year bonds maturing on 01 June 2020 at a weighted average yield rate of 8.16. The bond auction held […]