Author: lbostgadmin
SriLankan Airlines appoints new CEO
Sep 10, 2015 (LBO) – SriLankan Airlines has appointed Captain Suren Ratwatte as the new chief executive officer of the airline with effect from October 2015.The airline said in a statement that Captain Ratwatte is an airline pilot with over 30 years of experience in the field whose first appointment was with SriLankan’s predecessor, Air […]
IMF has not made budget proposals: Finance Minister
Sep 10, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that no budget proposals have been made by the visiting mission from the International Monetary Fund who met him on September 09 ahead of the budget in November.“IMF comes on a normal routine but we have very clearly told them that we will […]
Sri Lanka stocks close down 0.3-pct; Asian markets lower
Sep 10, 2015 (LBO) – Sri Lankan stocks closed down 0.32 percent on Thursday following losses in regional markets with telecom and beverage sector stocks showing losses, brokers said. The Colombo benchmark All Share Price Index closed down 23.31 points at 7,159.94 lower 0.32 percent. S&P SL20 closed 12.83 points lower at 3,924.25 down […]
Opinion: Unleashing the potential of the economy
Sept 10, 2015 (LBO) – With the installation of a new government comes hope of ways to unleash the creativity and potential of this beautiful island. With that in mind, this column will re-visit ideas, often discussed – depending on which circles you move in – about how this can be done. Here’s the first […]
‘s stock crash a direct result of authoritarian policies: Razeen Sally
Sept 10, 2015 (LBO) – China’s stock bubble and subsequent crash that sent shockwaves across the global economy is the direct result of authoritarian policies, Razeen Sally from the National University of Singapore told Lanka Business Online.“The stock bubble is the direct result of government policies because the state-run financial system has few other profitable […]
‘s help to study Blue Mormon butterfly
Sept 10, 2015 (LBO) – India’s Forest Minister Sudhir Mungantiwar has sought Sri Lanka’s help to study the newly declared state butterfly of Maharashtra, the Blue Mormon, as they do not have sufficient information about it, he said. He had made this request to Sri Lanka’s Consul General to Mumbai, Saroja Sirisena, during a recent […]
Emerging market central bankers want Fed to raise rates: report
Sept 10, 2015 (LBO) – Central bankers in emerging markets want the US Federal Reserve to increase interest rates sooner rather than later to end market uncertainty.Central bankers in Indonesia, Peru and Mexico have commented that a rate hike at the September 16-17 or October Fed meetings would be good for their economies.“We think US […]
Sri Lanka hoteliers cannot work in isolation, says Keells Deputy Chairman
Sep 10, 2015 (LBO) – Sri Lanka hoteliers alone cannot make the industry to grow but with collaboration we can, Ajit Gunewardene, deputy chairman of John Keells Holdings said. “Tourism is a massive industry and we have barely begun. Before we destroy what is great, we believe this is the time to create something unique […]
US Ambassador Atul Keshap visits Temple of the Tooth
U.S. Ambassador Atul Keshap made his first official visit outside of Colombo to Kandy today, visiting Sri Dalada Maligawa and paying his respects to the Most Venerable Galagama Sri Aththadassi Mahanayake Thero of the Asgiriya Chapter, Most Venerable Tibbatuwawe Sri Siddhartha Sumangala Mahanayake Thero of the Malwatta Chapter, and Most Venerable Napana Premasiri Mahanayake Thero […]
Rishad kick-starts third Lankan Industry & Commerce sprint
Sri Lanka is mulling a bigger role for private sector in the planned industry and commerce reforms-and Lankans of all hues are rallying round the leaders of the new consensual government, as declared on 09 September.“I look forward to an increased role and support of the Lankan business, exports and investment communities in our next […]
Sri Lanka appoints new State and Deputy Ministers
Sep 09, 2015 (LBO) – The swearing in ceremony of the new State and Deputy Ministers of the government held today at the Presidential Secretariat. New State and Deputy Ministers who took oaths before President Maithripala Sirisena are as follows. State Ministers 01 T.B. Ekanayake State Minister of Land 02 A.H.M. Fauzi State Minister of […]
Sri Lanka’s Hambantota port to be developed with dockyard facility
Sep 09, 2015 (LBO) – Sri Lanka’s Hambantota Port is to be developed with dockyard facilities at the port at an estimated cost of two billion rupees, media reports said.A Chinese company has responded positively to Ports and Shipping Minister Arjuna Ranatunga’s call for expression of interests from potential investors to build dockyard facilities at […]