Author: lbostgadmin
Sri Lanka’s Janashakthi Insurance to raise Rs 3.3bn through rights issue
Aug 20, 2015 (LBO) – Sri Lankan insurance player Janashakthi is to raise 3.3 billion rupees by way of a rights issue, the company said in a stock exchange filing. Subject to the necessary approvals, the company is to issue 181.5 million ordinary shares at 18.50 rupees each in the ratio of one for every […]
Sri Lankan cricketer Sangakkara new Brand Ambassador for anti-drug crusade
Aug 19, 2015 (LBO) – Sri Lanka’s legendary cricketer Kumar Sangakkara has been appointed as the brand ambassador of the National Dangerous Drugs Control Board on Wednesday at the President’s Official Residence.Expressing his views, Sangakkara said that he will extend every possible support to eradicate the drug menace from society which destroys the lives of […]
UK Foreign Secretary congratulates Sri Lankan Prime Minister
Aug 19, 2015 (LBO) – The UK will remain a steadfast partner for Sri Lanka as it continues on the path towards delivering reconciliation and a lasting peace across the country, the UK Foreign Secretary Philip Hammond said. “On behalf of the British Government, I send my warmest congratulations to Ranil Wickremesinghe on the occasion […]
Sri Lanka’s ex-president Mahinda Rajapaksa to continue politics
Aug 19, 2015 (LBO) – Sri Lanka’s ex- president and the candidate for parliamentary election 2015, Mahinda Rajapakse, Wednesday said that he will continue to engage in politics and represent people in the parliament.“I accept with humility, the result of the parliamentary election that just concluded and I thank the voters who placed their confidence […]
More female representation needed in Sri Lanka elections: EU observers
Aug 19, 2015 (LBO) – Sri Lanka had extremely low number of female candidates participating in the general election held this month, European election observers said.Sri Lanka signed key international instruments for equality between women and men, and the principals of equality and non-discrimination are constitutionally protected. “We recommend that efforts are made so that […]
EU monitors say poll well-administered, some rules restrictive
Aug 19, 2015 (LBO) – European Union election monitors said on Wednesday the parliamentary election in Sri Lanka was well-administered and offered voters a genuine choice from among a broad range of political alternatives.“On top of the positive legal changes, these have been the most peaceful elections in Sri Lanka in a long time,” Ignazio […]
Sri Lanka stocks close flat after polls: 30 week high
Aug 19, 2015 (LBO) – Sri Lankan stocks closed flat on Wednesday after parliamentary elections results were announced with the ruling United National Party plegding to form a national government, brokers said. The Colombo benchmark All Share Price Index closed flat at 7,498.78 and the S&P SL20 closed 6.60 points higher at 4,164.31 up 0.16 […]
I will take oaths as new Prime Minister of Sri Lanka with President’s support: Ranil
Aug 19, 2015 (LBO) – The UNP leader and former Prime Minister Ranil Wickremesinghe said he is to take oaths as the new Prime Minister of Sri Lanka and has discussed with the President the way forward.According to sources the oath taking ceremony will be held tomorrow at the Presidential Secretariat.“On August 17th the people […]
Sri Lanka Elections 2015 *** LIVE Commentary ***
Live Updates (highlights): Three Cabinet Ministers took oath before the President. Mangala Samaraweera as the Minister of Foreign Affairs, Wijeyadasa Rajapakshe as Minister of Justice and D. M. Swaminathan as Minister of Rehabilitation. Three contenders for position of Finance Minister with Eran, Harsha and Ravi putting their hands up. Decision would be made today (12.12 […]
Sri Lanka Business Chamber praises poll, congratulates UNF
Aug 18, 2015 (LBO) – Sri Lankans should calmly accept the final outcome of the election and demonstrate respect towards democratic ideals, the top business chamber said, praising its conduct as free and fair. “We sincerely hope that the winners as well as losers will accept the final outcome of this election, in a peaceful […]
Sri Lanka stocks close higher after parliamentary polls
Aug 18, 2015 (LBO) – Sri Lankan stocks closed up 0.09 percent on Tuesday a day after parliamentary elections in the island positioned the United National Party to usurp its rivals. The Colombo benchmark All Share Price Index closed 6.66 points higher at 7,498.70 points. The S&P SL20 closed 4.10 points lower at 4,162.32, down […]