Author: lbostgadmin
Aitken Spence to build two resorts in Maldivian Islands, bullish about tourist potential
June 15, 2015 (LBO) – Sri Lanka’s Aitken Spence group said it plans to start construction of two new resorts in Maldives which will add 360 room to its portfolio and boost capacity in Maldives by 57 percent. The group acquired two islands, Aarah Island in Raa Atoll in 2014 and Raa Fushi in Noonu […]
Sri Lanka holds discussions with Global Tamil Forum over renouncing violence
June 15, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera told Parliament recently that he had discussions with the Global Tamil Forum over a declaration renouncing violence as a means of achieving political objectives. “We discussed about a public declaration renouncing violence as a means of achieving political objectives and a public commitment to […]
UNP bashes opposition leader; demands President to dissolve Parliament
June 14, 2015 (LBO) – Sri Lanka’s ruling United National Party at its working committee meeting held last Friday unanimously agreed to demand President the immediate dissolution of the Parliament.Issuing a statement UNP decision making body bashed at opposition leader for trying to topple the 20th amendment by bringing in a no confidence motion against […]
US to test Nestlé’s Maggi after product pulled from Indian shelves
June 13, 2015 (LBO) – United States Food and Drug Administration to test Maggi noodles, which was pulled out from Indian shelves, last week foreign media reported.The Nestle India faced a troublesome period after Indian authorities claimed to have established that Maggi noodles contains excessive levels of lead in MAGGI noodles.Nestle India exports Maggi noodles […]
Won’t support to bring back Rajapaksa: CBK
Jun 13, 2015 (LBO) – Sri Lanka’s former President Chandrika Bandaranayake Kumaratunge says she will not support and endorse the comeback of former President Mahinda Rajapaksa on a matter of principle. “It was not a party that the people defeated; it was the Rajapaksa government that the people defeated,” Kumaratunge told reporters in Colombo, Friday. […]
Sri Lanka sells Rs15 bn in 07 and 09 year bonds; rupee falls to record low
June 12, 2015 (LBO) – Sri Lanka has sold 15 billion rupees of seven and nine year bonds after calling bids for 12 billion rupees of bonds, the state debt office said.The debt office on Friday sold 5.35 billion rupees of seven year bonds maturing on 01 October 2022 at a weighted average yield of […]
‘s chief executive to step down
Jun 12, 2015 (LBO) – Social messaging service, Twitters Chief Executive, Dick Costolo is stepping down, foreign media reports said.Twitters co-founder Jack Dorsey will take over as interim chief on 1 July and stay until a replacement can be found.Twitter said that its board had formed a committee to undertake the task of finding a […]
Sri Lanka’s FM invites Diaspora to return as dual citizens
June 12, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera on Thursday invited Sri Lankan diaspora to return to the island as dual citizens. “The Government of President Maithripala Sirisena realizes the true value of the diaspora community and welcomes all of you as our citizens,” Samaraweera said. “There is much that you can […]