Author: lbostgadmin
UK votes to leave the European Union with 51.9 pct votes
June 24, 2016 (LBO) – The United Kingdom has voted to leave the European Union obtaining 51.9 percent of total votes, official referendum results showed. 17,410,742 votes have been casted for Brexit while 16,141,241 others have casted their votes to remain in the EU. UK electoral commission said the national voter turnout was at 72.2 […]
‘t seek reappointment until probe over
June 24, 2016 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran has informed the Monetary Board that he will not seek a re-appointment when his term ends this month until a parliamentary probe over bond sales is complete. The Central Bank in a press release said he would not seek re-appointment until “the Parliamentary […]
Sri Lanka’s Finance Ministry calls proposals to amend customs ordinance
June 24, 2016 (LBO) – The Finance Ministry will amend the 150-year old Sri Lanka customs ordinance with a view to absorb modern industrial trends in the current global market. The ministry said this will enable Sri Lanka to update the prevailing import mechanism and, minimize current trade irregularities. The government anticipates obtaining the views […]
Britain to exit EU, markets extremely volatile
June 24, 2016 (LBO) – The British referendum on whether to stay or leave the EU will be a leave vote, according to both ITV and BBC, who forecast an exit based on results rolling in. BBC forecast a four-point leave victory of 52 percent to 48 percent. A leave vote will be disastrous for […]
IATA recognizes Louis Preston training centre in South Asia
IATA recognizes LOUIS PRESTON as “Top Performing Training Centre 2016” in South Asia Press Release: IATA (International Air Transport Association), the trade association for 260 member airlines and sole representative for more that 100,000 IATA Accredited travel agents worldwide has been developing and inventing innovative tailor-made various training programs for the human capital in the […]
Embark opens 4 new stores and transforms 14,000+ doggy lives in 2015-16
Embark, Sri Lanka’s fashion brand and community animal welfare programme, has reported another busy year, ending 2015-16 – its ninth year – with medical care provided to 14,459 of the country’s homeless street dogs. Working with likeminded partner organisations and volunteers, Embark performed 3,464 sterilisation surgeries, 5,788 anti-rabies vaccinations, 644 treatments for injured animals and […]
‘s Royal Turf Club unveils plans for next racing season
June 23, 2016 (LBO) – Sri Lanka’s Royal Turf Club (RTC) has several plans to popularize horse racing and the next racing season in Nuwara Eliya, with a Hollywood star expected at the first charity race, officials said. The next Nuwara Eliya racing season will commence on August 6th, with horses racing every two weeks […]
Sri Lanka to support China over South China Sea issue with Philippines
June 23 (Reuters) – China’s Foreign Ministry on Thursday brushed off doubts about how many countries have offered support for its position in a case brought by the Philippines over Chinese claims in the South China Sea, saying the number of nations was growing daily. China has stepped up its rhetoric ahead of an expected […]
Korea mulls mega infrastructure projects in Sri Lanka
June 23, 2016 (LBO) – A South Korean delegation has visited Sri Lanka to discuss cooperative methods for large-scale infrastructure projects including the Western Province Megapolis and the construction of the Central Expressway. Vice Minister of Korea’s Ministry of Land, Infrastructure and Transport Kim Kyung Hwan, accompanied by government officials, visited Sri Lanka recently. A […]
Sri Lankan rupee 1-wk forwards edge up on dollar sales
June 23 (Reuters) – Sri Lankan rupee one-week forwards edged up on Thursday due to dollar selling by a state-run bank, while demand for the greenback from importers amid low liquidity weighed on the currency, dealers said. A decision by Moody’s to revise down the country’s sovereign rating outlook and lack of exporter conversions […]
HMAS Perth makes goodwill visit to Colombo
Royal Australian Navy Anzac class frigate, HMAS Perth, arrived in Colombo on Sunday 19 June 2016 for a five day goodwill visit. Whilst in Sri Lanka, sailors from Perth will practice boarding and anti-narcotic operations with the Sri Lanka Navy and undertake several professional, sporting, social and charity activities to build on the friendship and […]
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June 23, 2016 (LBO) – Moody’s Investors Service says that whether or not Sri Lanka’s (B1 negative) credit profile demonstrates a temporary or more enduring improvement from its International Monetary Fund’s (IMF) program will depend on how effectively the program’s ambitious reforms are implemented. Moody’s conclusions are outlined in its just released report: “Government of […]