Author: lbostgadmin
President moves to liquidate Rakna Araksha Lanka
Dec 07, 2016 (LBO) – Sri Lanka’s cabinet has approved President’s proposal to liquidate Rakna Araksha Lanka according to the guidance of Attorney General. The Rakna Lanka Ltd was established as an government affiliated security service to provide security to special institutions such as economic targets, public institutions, and private institutions. The company was formed […]
Sri Lanka’s first management accreditation for tourism unveiled
Dec 07, 2016 (LBO) – Sri Lanka’s first ever professional management accreditation for its surging tourism and hospitality sector has been unveiled in Colombo. Certified Management Accountants Sri Lanka has introduced this specialized Finance and Management Accounting programme for the hospitality industry in collaboration with Sri Lanka Institute of Tourism and Hotel Management. Inaugurating the […]
‘s allegation that govt is selling off assets is malicious: Ravi
Dec 07, 2016 (LBO) – Sri Lanka’s government rejects allegations made by former president Mahinda Rajapaksa that the government is selling off national assets, the Finance minister said. “This government is making meaningful endeavours to convert the infrastructure facilities constructed by the previous government at colossal cost with foreign loans,” Ravi Karunanayake, minister of finance said […]
Clinton pressured IMF to not give loans to Sri Lanka: Min Amunugama
Dec 07, 2016 (LBO) – Sri Lanka’s Special Assignments Minister Sarath Amunugama today revealed that Hillary Clinton forced IMF not to approve a loan facility to Sri Lanka when she was working as the US secretary of state. Minister Amunugama told Parliament today that the defeat of Hillary Clinton at the recent Presidential Election should […]
World Bank to strengthen Sri Lanka’s social safety net
Dec 07, 2016 (LBO) – The World Bank Board has approved a US 75 million dollar credit from the International Development Association (IDA) to support Sri Lanka’s main welfare programs to develop an integrated system by better managing the selection, administration, and payments to beneficiaries. The project will contribute to improving the equity, efficiency and transparency […]
Solar can already generate more energy than oil: study
by Nafeez Ahmed While the world has been going crazy, solar has quietly tipped over the edge and kicked oil and gas off the cliff of history. A new scientific review finds that scientists are dramatically underestimating the efficiency and power of solar panels, because their data is at least seven years old. And that’s […]
Sri Lanka joins Saudi Horeca Exhibition to promote ‘Pure Ceylon Tea’
The Sri Lanka Tea Board and the Embassy of Sri Lanka in Riyadh joined hands with the private sector tea trade in Sri Lanka to promote ‘Pure Ceylon Tea’ in the largest Gulf market of Saudi Arabia. While a half-day session was organized for the interested buyers from Saudi to net – work effectively with […]
‘s education survey
Dec 07, 2016 (LBO) – Singapore has outperformed the rest of the world in the OECD’s latest Programme for International Student Assessment (PISA) survey, which evaluates the quality, equity and efficiency of school systems. The top OECD countries were Japan, Estonia, Finland and Canada. The OECD’s PISA 2015 tested around 540,000 15-year-old students in 72 […]
Sri Lanka tea up for third consecutive month in Nov
Dec 07, 2016 (LBO) – Sri Lanka’s tea auction average for the month of November showed gains with prices up 168.82 rupees to 581.33 rupees against 412.51 rupees in the period last year. “It is also noteworthy that this is the highest ever average for a calendar month improving on the previous best achieved during the […]