Author: lbostgadmin
‘s personal loans in 48 hours
Seylan Bank, a front runner in providing convenient customer focused products, has launched a fast-track programme for their personal loans due to the increased popularity and overwhelming response from the recipients. The product has attracted many segments in the market and the bank is all set to cater to a much larger audience in the […]
JVP askes government to tax Lanka IOC for excess profits
Feb 12, 2016 (LBO) – Sri Lanka’s Marxist Janatha Vimukthi Peramuna on Thursday called on the government to tax Lanka Indian Oil Company for excess profits the company is making. Speaking at a press briefing the General Secretary of JVP, Tilvin Silva said the Sri Lankan government is currently giving subsidies to Indian companies. “This […]
Sri Lanka’s Colombo Port records highest daily volume of 22,422 TEUs
Feb 12, 2016 (LBO) – Sri Lanka’s Ministry of Ports and Shipping said the Colombo Port recorded its highest daily handling of 22,422 TEUs on 9 February, up from 22,186 recorded on 28 April last year. Of the total 22,422 containers handled at Colombo port Tuesday, 9, 875 or 44 percent had been done at […]
Opinion: Five major economic risks to watch for this year
By Shang-Jin Wei Developing Asia is poised to grow at 6 percent this year, a slight uptick from the 5.8 percent figure in 2015, but looking ahead, five major economic risks loomon the horizon and the impact of each will be different across countries. The first is the future path of interest rates in the […]
Sri Lanka IMF issues could be worked out March or April: IMF
Feb 12, 2016 (LBO) – Sri Lanka has expressed interest in an IMF supported program as an option to address balance of payments pressures and issues could be worked out by March or early April, an IMF official said. “The authorities have expressed interested in a Fund supported program as one option to address the […]
Sri Lanka’s Hayleys December net down 27-pct
Feb 11, 2016 (LBO) – Profits at Sri Lanka’s diversified Hayleys group fell 27 percent to 534 million rupees in the December 2015 quarter, interim accounts showed. The firm reported earnings of 7.12 rupees for the quarter 2015 compared to last year earnings of 9.81 rupees on profits of 736 million rupees. The group revenue […]
MR reveals the pledge given to Prince Hussein by President and PM
The President and Prime Minister have given the UN Human Rights Commissioner an assurance that last year’s UN Human Rights Council resolution against Sri Lanka will be implemented. This UNHRC resolution was accepted and co-sponsored by the Sri Lankan government and passed by the UNHRC without a vote. The UNP led government accepted the Geneva […]
Customs duty increase on imported rice approved by cabinet
Feb 11, 2016 (LBO) – The government recently decided to increase the import duty on rice from 35 rupees to 50 rupees per kilogram effective from February 01, 2016. Finance Minister Ravi Karunanayake’s proposal to submit the relevant Gazette Notification under the “Revenue Protection Act” to the parliament for approval, has been approved by the cabinet […]
Sri Lanka invites proposals for Colombo Port East Container terminal
Feb 11, 2016 (LBO) – The cabinet has decided to invite expressions of interest and business proposals from interested parties for Colombo Port’s East Container terminal. The cabinet has also decided to appoint the Asian Development Bank as the project’s Transaction Adviser. The second deep-water terminal in the Colombo Port Expansion Project is the East […]
Sri Lanka condemns North Korea missile launch
The Government of the Democratic Socialist Republic of Sri Lanka has condemned the launch of a long range missile by the Democratic People’s Republic of Korea on 07th February 2016. Sri Lanka calls upon the Democratic People’s Republic of Korea to abide by its international obligations and desist from any action that would adversely impact […]
Jayantha Jayasuriya took oaths as new Attorney General
Senior Additional Solicitor General Jayantha Jayasuriya took oaths as the new Attorney General before President Maithripala Sirisena this morning (11).
LUSH appoints Ms. Sri Lanka 2014 as Brand Ambassador
LUSH, one of the country’s most recognized Skin Clinique’s attributing a state-of-the-art approach appointed Ms. Sri Lanka 2014 Chulakshi Ranathunga as their Brand Ambassador. Setting in line the specialist Clinique’s tagline that focuses on ‘Beauty, Perfection and Confidence’, the event to mark the endorsement by Ms. Sri Lanka 2014 was patronized by LUSH, Directress Sheromi […]