Author: lbostgadmin
UNP insists that opposition withdraws no confidence motions ahead of 20A
June 24, 2015 (LBO) – Sri Lanka’s ruling United National Party on Tuesday urged the opposition to withdraw no confidence motions brought against Prime Minister and Finance Minister.“We are insisting them to withdraw no confidence motions before presenting the 20th amendment in Parliament,” UNP General Secretary Kabir Hashim told Parliament. Referring to election reforms, Hashim reiterated the need to […]
Finance Minister meets Chinese and Czech Republic Ambassadors
Pic 01: Czech Republic Ambassador in Sri Lanka Miloslav Stasek Pic 02: Chinese Ambassador in Sri Lanka Yi Xianliang
Sri Lanka to strengthen rupee to 129 in next two weeks: Finance Minister
June 23, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says the government will strengthen the rupee to 129/130 against the US dollar in the coming two weeks. “When we tookover the government it was at 133.25 rupees to the US dollar and now it is at 133.90 rupees,” Karunanayake told reporters Tuesday. “In two […]
Sri Lanka stocks close up 0.20-pct: JKH gains
Jun 23, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.20 percent for the second consecutive day with index heavy stocks showing gains, Tuesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 14.31 points higher at 7,053.96 up 0.20 percent. The S&P SL20 closed 25.77 points higher at 3,938.46 higher at […]
Sri Lanka sells three billion rupees in 02 and 03 year bonds
June 23, 2015 (LBO) – Sri Lanka has sold three billion rupees of two and three year bonds after calling bids for two billion rupees of bonds, the state debt office said. The debt office on Tuesday sold 1.5 billion rupees of two year bonds maturing on 15 June 2017 at a weighted average yield […]
Sri Lanka’s BOI signs Rs24.58bn investments from Jan – May 2015
June 23, 2015 (LBO) – Sri Lanka’s Board of Investment said that it has signed 42 investment agreements worth 24.58 billion rupees with enterprises representing a vast range of sectors which reflect the growing diversification of Sri Lanka’s economic base and exports. The agreements includes foreign investment of 6,849 million rupees or 51 million US […]
Sri Lanka’s PAFFREL in signature campaign pushing political parties for proper nominations
June 23, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL has organized an island wide campaign to collect one million signatures from the masses in support of the ’12th March Movement’.The programme will be launched on Thursday morning from Independence Square, Colombo amidst the blessings of all religious leaders in order to achieve two fundamental […]
Sri Lanka’s Serendib Hotels boosted by online sales
June 23, 2015 (LBO) – Serendib Hotels Plc, a unit of Sri Lanka’s Hemas group said the group revenue increase was supported by the growth of emerging markets and online bookings while occupancy level were up two percent. “A notable increase was observed in the volume of online bookings during the year, particularly from new […]
SLT in aggressive chase for new markets in the region
June 23, 2015 (LBO) -Sri Lanka Telecom (SLT) is aggressively pursuing new markets in the region through strategic direction of building international connectivity, a statement said. SLT says its global coverage was strengthened via multiple undersea optical fibre cable systems: SEA-ME-WE 3, SEA-ME-WE 4, Bharat-Lanka (between India and Sri Lanka) and Dhiraagu (between Maldives and […]
Key public enterprises should be managed through an independent authority: Minister
June 23, 2015 (LBO) – Sri Lanka’s Power and Energy Minister Champika Ranawaka says that the CPC, CEB, Port and Airport should be managed through an independent authority.“Key public enterprises, namely, Ceylon Petroleum Corporation, Ceylon Electricity Board, Port and Airport should be run through an independent authority,” “However this proposal has not got the required […]
Sri Lanka obtains Rs 684 bn borrowings for the 4 months to April 2015
June 22, 2015 (LBO) – Sri Lanka’s new administration has obtained 684.2 billion rupees gross borrowings for the first four months to April 2015, the cabinet spokesperson said last week. The approved amount of loans to be taken in the year 2015 is 1,780,000 million or 1780 billion.According to the data submitted by Ministry of […]
Sri Lanka’s 20th amendment, a conspiracy against JVP
June 22, 2015 (LBO) – Sri Lanka’s Marxist JVP on Monday said there is a conspiracy against the JVP to block its representation in the Parliament through the newly proposed election reforms.Speaking at a media briefing General Secretary of the party Tilvin Silva told reporters that corrupted Parliamentarians has the intention of blocking the socialist […]