Author: lbostgadmin
Sri Lanka cricket member clubs & associations urged new rulers to take action against allegation
Apr 28, 2015 (LBO) – Sri Lanka cricket member clubs and associations has decided to notify the President, Prime Minister and Minister of Sports to take action against allegations and impending dangers to Sri Lanka Cricket (SLC). The new administration appoints an interim committee to manage Sri Lanka Cricket and due to that the International […]
Sri Lanka’s outdated oil refinery upgrade to cost US $1.3bn
Apr 28, 2015 (LBO) – Sri Lanka’s Sapugaskande oil refinery which has an outdated oil reefing process will be upgraded at an estimated cost of 1.3 billion US dollars, under 2015 -2025 energy sector development plan, Power and Energy Minister said.“In the energy sector development plan, a refinery upgrading and modernization project, at an estimated […]
US State Secretary John Kerry to arrive Sri Lanka on May 02
Apr 28, 2015 (LBO) – U.S. Secretary of State John Kerry will undertake an official visit to Sri Lanka from May 2-3, 2015, U.S. State Department said in a statement.The press statement issued by the U.S. State Department in this regard is appended below: SECRETARY KERRY TRAVEL TO COLOMBO, NAIROBI AND DJIBOUTI Press Statement Marie […]
Sri Lanka to set up a regulatory body to monitor energy costs: Minister
Apr 27, 2015 (LBO) – Sri Lanka to set up an independent regulatory body to monitor island’s energy institution’s actions and activities and will not give room to pass unreasonable costs to the consumer as it will be scrutinized, a Minister said. “The marketing establishments would not be able to hide their inefficiencies in the […]
Sri Lanka micro apartments to attract property hunters through prices
Apr 28, 2015 (LBO) – Sri Lanka’s micro living arrangements have made increasingly popular among residential property hunters for their affordable prices and attractive features, an online property portal said.According to internal data from local property portal Lamudi, such modest residences particularly those that are offered for rent are some of the most affordable and […]
Sri Lanka stocks close up 0.1-pct
Apr 28, 2015 (LBO) – Sri Lanka’s stocks closed 0.13 percent higher despite a crucial Parliamentary vote to be taken shortly, brokers said. The Colombo benchmark All Share Price Index closed 9.31 points higher at 7,134.43 up 0.13 per cent. The S&P SL20 closed 5.47 points higher at 4,026.26 up 0.14 per cent. Foreigners bought […]
Sri Lanka Treasury bill yields drop: Central Bank
Apr 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Tuesday’s auction with the 12-month yield dropping 11 basis points to 6.39 per cent, data from the state debt office showed.The debt office offered 3-month short term bills for the auction at 6.15 per cent and 9,085 million rupees were accepted from […]
South Asian market should integrate to tap global growth: SEC Chief
Apr 27, 2015 (LBO) – South Asian regional markets need to interact with each other in order to tap in to global economic growth, Chief of the Securities Exchange Commission said. “There is a systematic surge in the region towards a greater degree of economic integration in the real sector through bilateral and multilateral trade […]
Sri Lanka stocks close flat
Apr 27, 2015 (LBO) – Sri Lanka’s stocks closed lower, 0.07 per cent with activity seen in the finance sector stocks and a net foreign inflow, brokers said. The Colombo benchmark All Share Price Index closed 04.66 points lower at 7,125.12 down 0.07 per cent. The S&P SL20 closed 0.82 points lower at 4,022.44 down […]
Sri Lanka’s new rulers look at “game theory” to pass 19th & 20th amendment: Harsha de Silva
Apr 27, 2015 (LBO) – Sri Lanka’s new administration said, it has to use the theory of games, a study of strategic decision making to pass the 19th and 20th amendments to the constitution.Game theory is a strategic decision making process that is mainly used in economics, political science and psychology as well as logic, […]
Sri Lanka’s 19th amendment debate in progress; protest backing 19A
Apr 27, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena making a special statement in the parliament on Monday opened the debate of much awaited 19th amendment to the constitution.“I don’t think there were any state heads that acted with such flexibility to remove these powers and I expect all of you to vote for […]
Sri Lanka’s FTA with India; an opportunity not a threat: Ceylon Chamber of Commerce
Apr 27, 2015 (LBO) – Sri Lanka’s free trade agreement with India should be extended to services and investment deepening the existing FTA on the trade in goods, the Ceylon Chamber of Commerce said. “There is a strong case for giving high priority to building upon the existing Indo Sri Lanka FTA; completing the FTA […]