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‘s chief executive to step down
Jun 12, 2015 (LBO) – Social messaging service, Twitters Chief Executive, Dick Costolo is stepping down, foreign media reports said.Twitters co-founder Jack Dorsey will take over as interim chief on 1 July and stay until a replacement can be found.Twitter said that its board had formed a committee to undertake the task of finding a […]
‘s cabinet approves 20th Amendment with 237 parliamentary seats
June 12, 2015 (LBO) – Sri Lanka’s cabinet on Friday morning approved a new proposal to the 20th Amendment which increases the number of parliamentary seats to 237 from the current 225.Under the approved system 145 Parliamentarians will be elected under the first past the post system, 55 under the district proportional representation system and […]
Sri Lanka’s FM invites Diaspora to return as dual citizens
June 12, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera on Thursday invited Sri Lankan diaspora to return to the island as dual citizens. “The Government of President Maithripala Sirisena realizes the true value of the diaspora community and welcomes all of you as our citizens,” Samaraweera said. “There is much that you can […]
Growth in South Asia 7.1-pct in 2015: World Bank
June 12, 2015 (LBO) – The World Bank says growth in South Asia is expected to continue at a firm 7.1 percent this year, led by a recovery in India. “Regional GDP growth is expected to remain at just over 7 percent during 2015, and rise at a moderate pace toward 7.5 percent in 2017, in line […]
Sri Lanka’s Global Glass to set up Double and Triple Glazed Units, Plans for regional exports
June 12, 2015 (LBO) – Sri Lanka’s Globe Mirror Industries, a glass merchant and a processor, rebranded as Globe Glass, said that it plans to set up a Double and Triple Glazed Units, to expand its product portfolio while expanding exports to region.“We have planned to set up our own double and triple glazed units […]
Sri Lanka Central Bank establishes legal and compliance Dept
June 12, 2015 (LBO) – The Central Bank of Sri Lanka said that it has established a ‘legal and compliance department’ to entrust the discharge of duties under several legislative enactments which provide powers relating to the supervision and control of banking institutions, non-bank financial institutions and leasing companies. Accordingly, this department is expected to […]
Handing Over of Dual Citizenship Certificates
The Ministry of Foreign Affairs together with the Ministry of Public Order & Christian Religious Affairs jointly handed over Dual Citizenship Certificates to recipients at the Foreign Ministry main conference hall on Thursday (11).
Sri Lanka stocks close down 0.2-pct; Foreigners net sellers
Jun 11, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.17 percent for the fourth consecutive day, Thursday with index heavy stocks making losses and foreign investors were net sellers , brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 11.93 points lower at 7,051.52 down 0.17 percent. The S&P SL20 closed […]
Sri Lanka to ratify UN convention on electronic communication
June 11, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal made by Foreign Minister to ratify a convention on electronic communication with regard to the International agreements, Cabinet Spokesman Minister Rajitha Senarathne said.It has also been proposed to empower the Information Communication Technology Agency to make recommendations on revisions and modifications that may […]
‘s constitutional council to function without civil representatives
June 11, 2015 (LBO) – Sri Lanka’s constitutional council will be able to meet and function even without filing the vacant seats of the ten member constitutional council, Cabinet Spokesman Minister Rajitha Senarathne said.The Parliament is yet to agree on the three civil society representatives that has been nominated by both the Prime Minister and […]
Singer Sri Lanka debenture oversubscribed
Jun 11, 2015 (LBO) – Singer Sri Lanka’s 15,000,000 rated senior secure redeemable debenture valued at 1,500,000,000 has been oversubscribed, the Company said in a stock exchange filling. The issue will close as per its prospectus this evening.The basis of allotment will be notified to the CSE later, the statement said.