Author: lbostgadmin
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Mar 23, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena ordered to suspend the new transfers of police officers with immediate effect, the president office said in a statement.The statement said that the President has instructed that all police transfers be made under a special three-member committee comprising the President’s Secretary, Secretary to the Ministry […]
Sri Lanka may not dissolve parliament in April 2015: former SLFP minister
Mar 23, 2015 (LBO) – Sri Lanka Freedom Party chief organizer, John Seneviratne told LBO that the country has a higher chance of not going for an election in April 2015.“The president might not go for an election,” John Seneviratne told LBO.“We have not agreed on an election as a party.” Sri Lanka held its […]
Sri Lanka’s media walk out of Finance Ministry briefing after they were kept waiting for two hours
Mar 23, 2015 (LBO) – Sri Lanka’s journalists from print and electronic media institutions, today walked out of a press conference organized by the Finance Ministry after been kept there for almost two hours.The Ministry sent out the invitations calling for participation of the said media institutions last evening saying the press conference will start […]
Sri Lanka’s markets needs to be patient till call for election and new govt. settles in: CSE Chief
Mar 23, 2015 (LBO) – Sri Lanka’s industries and markets should wait till the new rulers call for a general election and give time for the new government settle in, the Colombo Stock Exchange Chief said at the capital market conference 2015, held in Colombo recently.However he said, consistency in policy should be maintained to […]
Sri Lanka CSE to set up a clearing house with UK’s BTA Consulting
Mar 23, 2015 (LBO) – The Colombo Stock Exchange has signed an agreement with UK’s BTA Consulting to provide consultancy and project management services to set up a clearing house in Sri Lanka. The full text of the CSE announcement is reproduced below. CSE signs consultancy agreement with BTA Consulting, UK to set up a […]
Sri Lanka bestows Sarath Fonseka with Field Marshal title
Mar 22, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena on Sunday awarded the Field Marshal title to former Army Commander General Sarath Fonseka for the service rendered by him, achieving the victory over terrorism. The title ‘Field Marshal’ is an honorary and respected title bestowed by the Army and only a handful has been […]
Sri Lanka to establish a National Government today: Minister
Mar 22, 2015 (LBO) – Sri Lanka Freedom Party (SLFP) is to join the government today forming a national government in the island, a vice president of SLFP Minister Rajitha Senaratne said.Addressing a gathering at Kalutara, Senaratne revealed that SLFP parliamentarians are to take cabinet portfolios. “Today is another historic day.Sri Lanka Freedom Party who […]
Sri Lanka’s Central Bank offers Rs30bn in 4 and 8 year bonds
Mar 21, 2015 (LBO) – Sri Lanka has offered 10.0 billion rupees in 4 year bonds and 20.0 billion rupees in 8 year bonds, the state debt office of the Central Bank said.The 4 year bonds with a coupon of 10.6 percent would mature on 15 September 2019 while the 8 year bonds with a […]
Sri Lanka’s Central Bank offers Rs30bn in 4 and 8 year bonds
Mar 21, 2015 (LBO) – Sri Lanka has offered 10.0 billion rupees in 4 year bonds and 20.0 billion rupees in 8 year bonds, the state debt office of the Central Bank said. At the last auction held in 17 March 2015, 4 year bonds were sold at an average yield of 9.13 percent and […]
Sri Lanka’s SEC directs Kalpitiya Beach Resort to call an EGM
Mar 20, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has directed Kalpitiya Beach Resort to call an extraordinary general meeting for not complying with a construction work stated in the prospectus.In 2011, Kalpitiya Beach Resort has raised 283.5 million rupees from an initial public offering stating that the funds will be utilized […]
Sri Lankas’s Access Engineering accepts new govt.’s position on BIA runway contract: Chairman
Mar 20, 2015 (LBO) – Sri Lanka’s Access Engineering, a construction company said they have no issue in accepting the new government’s decision to annul the contract awarded overlay the islands airport runway, it’s Chairman said.“We have no issue with this, we don’t see it as a problem,” Sumal Perera, chairman, Access Engineering told LBO […]
Sri Lanka’s new government’s mini budget sends a filthy message; Entrepreneurs are extremely unhappy: Corporate Lawyer
Mar 20, 2015 (LBO) – Sri Lanka’s entrepreneurs are extremely unhappy with the new administration’s interim budget 2015 which was approved by parliament last month including one-off and super gain taxes, Naomal Goonewardena,partner of Nithya partners, a corporate law firm said. “You can’t decide anything with the mini budget except the fact that there is […]