Author: lbostgadmin
Cabinet approves emergency response centre for new ambulance service
June 29, 2016 (LBO) – The cabinet of ministers has approved a proposal to set up an emergency response centre with 1990 toll free number for the earlier proposed pre- hospital care ambulance service. Earlier this year, the Health Ministry with the participation of GVK EMRI institute in India proposed to establish a pre- hospital […]
FTSE recovers Brexit losses, Brent crude down 1.2-pct
June 30 (LBO) – Asia stocks rose across the board on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen stopped rising as global markets bet Brexit won’t get implemented immediately. Michael Hewson, chief market analyst at CMC Markets, said investors had been reassured by hopes that Britain’s EU exit wouldn’t […]
AG’s report to Speaker, COPE summons Central Bank officials on July 7
June 29, 2016 (LBO) – The Committee on Public Enterprises (COPE) has summoned Central Bank Governor, officials of the Monetary Board and Finance Ministry on July 7 to discuss about the Auditor General’s report. Auditor General today submitted a 1,251 page full report to the Speaker while a short report without sensitive information has been […]
Tillak Wickramasinghe elected as President of IATA Agents Association
Tillak Wickramasinghe, the Proprietor of Skyways was elected as the President of the IATA Agents Association of Sri Lanka (IATA – AASL). He was elected for the post, during the 28th Annual General Meeting of the IATA Agents Association of Sri Lanka (IATA-AASL), which was held on 26th May, 2016 in Nairobi, Kenya. Apart from, […]
PTL Watch: Yields tick higher on profit taking
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Central Bank Union calls for immediate action
Jun 29, 2016 (LBO) – Sri Lanka’s Central Bank Executive Officers Union says that immediate legitimate action needs to be taken to prevent probable anarchic state that would arise at the institution from July 01, 2016. “We write to record our discontent on the current state of depletion of public confidence in and heightened criticism […]
Sri Lanka President to appoint new Governor
June 29, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena will appoint a new governor to the Central Bank soon, he said on Wednesday. “I will appoint a new Governor to the Central Bank in the coming hours,” his twitter account said. Governor Arjuna Mahendran has said he won’t seek re-appointment due at the end […]
Millennium Challenge Corp looks at Sri Lanka for fund program
June 29, 2016 (LBO) – The Millennium Challenge Corporation (MCC) is currently evaluating Sri Lanka for a threshold program that can potentially unlock millions of dollars in additional assistance to facilitate economic reforms that can boost growth and create jobs. US Ambassador Atul Keshap speaking at the 177th AGM of the Ceylon Chamber of Commerce […]
Samantha Ranatunga to head CCC for second consecutive year
June 29, 2016 (LBO) – Shareholders of the Ceylon Chamber of Commerce reappointed Samantha Ranatunga as its Chairperson for a second consecutive year. The Ceylon Chamber of Commerce held its 177th Annual General yesterday at the Cinnamon Grand Hotel in Colombo. The chief guest of the occasion was Atul Keshap, US Ambassador to Sri Lanka […]
COPE to consider Auditor General’s report on bond issue Wednesday
June 28, 2016 (LBO) – Sri Lanka’s Parliament appointed Committee on Public Enterprises (COPE) will meet Wednesday to consider the Auditor General’s report on the bond investigation. Parliamentarian and COPE member Dr. Nalinda Jayatissa told LBO, the committee will most probably arrive at a decision on the alleged bond scam based on the findings of the […]
UN Human Rights commissioner commends Sri Lanka’s progress
June 28, 2016 (LBO) – The UN High Commissioner for Human Rights has commended steps that the Government of Sri Lanka has taken to implement some of the key commitments made in the Sri Lanka sponsored US resolution, even though rapid action could have been taken in other areas. Issuing a special report to the […]
Sri Lanka’s Seylan Bank to raise Rs5bn in listed debt
June 28, 2016 (LBO) – Sri Lanka’s listed Seylan Bank is planning to raise as much as 5 billion rupees from a sale of debenture which will be quoted on the Colombo Stock Exchange. The stock exchange said the company wanted to sell 30 million debentures at 100 rupees each with an option to issue […]