Author: lbostgadmin
Sri Lanka stocks close up 0.2-pct
Oct 23, 2015 (LBO) – Sri Lankan stocks closed up 0.18 percent on Friday for a fourth consecutive day with gains in the leisure sector city hotels showing gains, brokers said. The Colombo benchmark All Share Price Index closed up 12.64 points at 7,081.49 up 0.18 percent. S&P SL20 closed 6.48 points higher at 3,825.55 […]
Sri Lanka accounting body calls for fiscal consolidation
Oct 23, 2015 (LBO) – Sri Lanka’s main accounting body has called for critical fiscal consolidation plan for both the revenue and expenditure sides of the government.“The government needs reforms in terms of structural changes as well as changes in the revenue and the expenditure sides,” President of CA Sri Lanka, Arjuna Herath said. Herath […]
PTL Watch: Minimal activity, market awaits bond auction
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Appointing independent commissions replicates Rajapaksa method: Civil Society
Oct 23, 2015 (LBO) – The silent approach in appointing independent commissions seems to replicate the Rajapaksa method that politicized the whole state machinery, a group of civil society activists charged.Attorneys Srinath Perera, Neville Ananda, Sujeewa Dahanayake with social activist Muditha Karunamuni, trade union leader Anton Marcus and journalist Kusal Perera comprised of this group.In […]
US seeks potential infrastructure assistance in South and East
Members of the U.S. Embassy and the U.S. Army Corps of Engineers recently traveled to the South and East to survey schools and medical facilities in disaster-prone areas to identify potential infrastructure assistance.The team visited schools from the Tamil, Muslim and Sinhalese communities across the Eastern Province, as well as schools and medical care facilities […]
Sri Lanka Treasury guarantees water project funding from Bank of Ceylon
Oct 23, 2015 (LBO) – Sri Lanka is to implement a water supply project for the towns in east of Colombo with funding secured from Bank of Ceylon with a treasury guarantees, media spokesman Rajitha Senaratne told reporters on Thursday.The cabinet of ministers have approved the implementation of 34 water supply projects with a cost […]
Sri Lanka’s EDB called on to perform like private sector entity
Oct 23, 2015 (LBO) – Sri Lanka’s Export Development Board has been called upon to perform as a private sector entity to ensure a better performance from the country’s export.“The EDB should not behave like a laidback government institution,” Sujeewa Senasinghe, state Minister of Development Strategies and International Trade said while addressing officials of EDB […]
Breaking LBO TV: Dilmah for trade liberalization if there is a master plan, says Malik
See also Dilmah for trade liberalization provided there is a master plan: malik for story and additional comments from Malik J Fernando.
Uber arrives in Sri Lanka
Oct 22, 2015 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched in Sri Lanka, a statement said. “At Uber, every city that we launch outperforms its predecessor and we expect nothing less from Colombo. In fact, for months now, we know that demand for Uber has been […]