Author: lbostgadmin
MacBook
Mar 12, 2015 (LBO) – PC giant Apple recently launched its thinnest Mac ever made under the name of ‘MacBook’ despite consumer sentiments growing up against the all in one dynamic port of the new device.The USB-C port which limits input and output signals to a single port became the center of criticism as consumers […]
Sri Lanka’s deputy minister Harsha De Silva responds to controversial bond issue
Mar 12, 2015 (LBO) – Sri Lanka’s Deputy Minister of Policy and Finance, Harsha De Silva commenting on social media said the committee appointed to probe into the recent bond allegations has been given wide range of power and technical support to look into the issue. There has been rising concerns in bond markets over […]
Sri Lanka’s Chamber of Commerce to host a business forum with Indian Prime Minister
Mar 11, 2015 (LBO) – Sri Lanka’s premier business chamber is organizing an evening event to host a business forum with Indian Prime Minister Narendra Modi which will be attended by top business leaders in the island. The visiting Indian Prime Minister will address 400 local businessmen on 13th Friday, in Colombo. Chairman of the […]
Colombo Stock Exchange to host a series of workshops to empower investors
Mar 11, 2015 (LBO) – The Colombo Stock Exchange will host a series of workshops to empower retail investors engaged in the Stock Market by educating them on the most prudent means of investment, the company said.The workshop is aimed at retail investors and conducted in association with the Institute of Chartered Accountants of Sri […]
Sri Lanka’s gem industry calls for increasing export earnings through value addition: EDB
Mar 11, 2015 (LBO) – Sri Lanka’s coloured stone industry which is the fourth largest export earner in the island should export more value addition gems to contribute better to the country’s’ export earnings , a senior official at Export Development Board (EDB) said. “We are doing our best to achieve the highest value added […]
60+
Mar 11, 2015 (LBO) – Sri Lanka’s state banks have extended the 15 percent senior citizens interest rate scheme for new fixed deposits of up to one million rupees amid quarries from dissatisfied elders. Even though the scheme has been extended, general manager of bank of Ceylon D.M Gunasekara said that banks will consider only […]
Sri Lanka appoints a three member committee to probe Treasury bond allegation
Mar 10, 2015 (LBO) – A three member board was appointed today by the Prime Minister of Sri Lanka to probe the alleged Treasury bond allegation, Prime Minister’s office said in a statement.It also said that the government will take necessary steps according to report of findinhs of this committee.The statement reproduced below :- Urgent […]
‘s President to probe irregularities in the stock market
Mar 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed a commission of inquiry headed by Supreme Court Justice Priyasath Dep to probe corruption and abuse of power, president’s media said.The newly set up commission will probe into matters including illegal acquisition of lands, irregularities in the stock market and the handling of […]
Sri Lanka development bonds oversubscribed by 3.45 times
Mar 10, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 172.5 million US dollars of bids received from investors.The central bank has accepted 156.5 million US dollars of three year bonds at a rate of 6 month US dollars LIBOR plus a weighted […]
Sri Lanka should re-position itself as the original “Sapphire Hub”: Official
Mar 10, 2015 (LBO) – Sri Lanka’s blue sapphire should be re positioned to its original “Sapphire hub” status by creating global awareness through value addition, a senior official said. “Sri Lanka lays claim to over 70 coloured gemstones out of 200 found globally including the best blue sapphire of the world, but are we […]
’s govt. will not allocate money for development projects with no agreements: Finance Ministry
Mar 10, 2015 (LBO) – Sri Lanka’s Finance Ministry will not allocate funds for the development projects which don’t have legitimate agreements, Minister Ravi Karunanayake said earler today in Colombo. “We have not reduced a single cent from the allocation of the development projects which are legitimate,Karunanayake told journalists.We won’t pay the money,if there is […]
’s President
Mar 10, 2015 (LBO) –Sri Lanka’s President Maithripala Sirisena held bilateral discussions with Britain’s Secretary of State for Defence, Michael Fallon,March 9, 2015 in London. President Sirisena is on an official visit to the UK.