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Sri Lanka’s cabinet decides policy on advisors
Sep 18, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has decided on policy with regard to appointment of advisors to the Cabinet and payment of their allowances, media spokesman, Minister Rajitha Senaratne had said.The government consideration would only be given to appoint eminent persons with wide knowledge on the subject matters, advice which cannot […]
Asian stocks mixed following Fed decision to hold rates
Sep 18, 2015 (LBO) – Asian markets traded mixed after the US Federal Reserve kept interest rates unchanged. Japan’s Nikkei 225 index was down 1.5 percent to 18,164.41 in morning trade. Chinese shares, Shanghai Composite index was up 0.8 percent to 3,111.13, while Hong Kong’s Hang Seng index was up 0.4 percent to 21,933.95 in early trade. South […]
No change! US holds interest rates unchanged
Sept 18, 2015 (LBO) – The U.S. held interest rates steady on Thursday after a two-day monetary policy meeting citing low inflation and uncertain global economic growth. The yield on 10-year U.S. Treasuries fell to 2.23 percent from 2.30 percent the previous day. The S&P index closed down 0.26 percent, while the Nikkei is now down […]
SriLankan Airlines invests in continuous employee development
National carrier SriLankan Airlines has initiated a dynamic venture for harnessing the potential and talents of their employees, by proposing to fund their post graduate higher education under the Airlines’ Continuous Professional Development Programme.The objectives of the programme is aimed at developing a motivated and highly skilled professional workforce that would contribute positively to the […]
Mr and Miss UK commends Sri Lanka – Destination of the Year title
Miss UK Natasha Hemmings and Chris Bramell Mr. UK, who visited Sri Lanka Tourism commended the title Destination of the Year’ – for sea and tea by The Sunday Times UK the best selling news paper in UK which reaches 3.5 million on a multi platform basis.Chairman Sri Lanka Tourism Promotions Dr Rohantha Athukorala commented […]
Govt signs USD 150 mn ADB loan for water to dry zone
Sep 17, 2015 (LBO) – Sri Lanka’s government signed a 150 million US dollar loan agreement with the ADB to address the water scarcity in the islands dry zone, the Asian Development Bank said in a statement. The loan is the first tranche of a 453 million US dollar multi-tranche financing facility to help complete […]
Sri Lanka’s government to extend Colombo port city agreement
Sep 17, 2015 (LBO) – Sri Lanka’s cabinet has approved extending the much talked Colombo port city development project agreement for further six months, the government said.The agreement signed between the government and the relevant project company, CHEC Port City Colombo (Pvt) Ltd, on 16th of September 2014 expired on 15th of this month. The […]
UN Human Rights report on Sri Lanka is well crafted and sober: FM Mangala
Sep 17, 2015 (LBO) – The UN Human Rights report published yesterday is a well-crafted and sober report which itself says it is not a criminal investigation, Foreign Minister Mangala Samaraweera said.Speaking at a press briefing in Colombo Samaraweera told reporters that the report gives the narrative that some of the Human Rights violations or […]
Sri Lanka stocks close down 0.3-pct: Continued losses in Finance and Leasing
Sep 17, 2015 (LBO) – Sri Lankan stocks closed down 0.33 percent on Thursday following losses in finance and leasing stocks and in anticipation of a US rate hike tonight, brokers said. The Colombo benchmark All Share Price Index closed down 23.89 points at 7,113.51 lower 0.33 percent. S&P SL20 closed 14.55 points lower at […]
‘s MTD Walkers to sell Rs3.0bn in listed debt
Sep 17, 2015 (LBO) – Sri Lanka’s construction and engineering sector player MTD Walkers is planning to sell 3.0 billion rupees of listed debt, the Colombo Stock Exchange said.The CSE said it had approved an application by MTD Walkers to offer 25 million debentures of 100 rupees each and a further 5 million if the first […]
Marxist JVP presents 20 proposals for immediate implementation
Sep 17, 2015 (LBO) – Sri Lanka’s Marxist JVP and several civil organizations on Thursday presented a set of proposals to the government for the immediate implementation.Most of these reforms were also included in the manifesto of the government presented for the general election held on 17th August.“We need to get rid of the political […]
Sri Lanka can attract Japanese companies, bank: ambassador
Sept 17, 2015 (LBO) – Sri Lanka has great potential to attract Japanese investors who are interested in investing in the island, and as a gateway to India and Pakistan, Kenichi Suganuma, the ambassador for Japan in Sri Lanka, said.Although India is a big market it is not easy to do big business there, he […]