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Govt to allow Port City project if environmental assessment clean
June 18, 2015 (LBO) – Sri Lanka’s controversial port city project will be given a nod if there are no issues with the environmental report, cabinet spokesman said today. “There had been an environmental report but the committee say it is not enough,” Rajitha Senarathne said. “After a new report, the committee will decide whether […]
Sri Lanka to call bids for Central Expressway: Highways Ministry
Jun 18, 2015 (LBO) – Sri Lanka is to call expressions of interest to build the Central Expressway soon which is part of the Northern Expressway leading to the Jaffna peninsula, the Ministry of Highways said.“Bids will be called once cabinet approval has been given for the project, it will be presented to cabinet shortly. […]
South Asia gets largest share of funding for climate change from development banks
Jun 18, 2015 (LBO) – Six multilateral development banks (MDBs) delivered over 28 billion US dollars in financing in 2014 to developing countries and emerging economies to mitigate and adapt to the challenges of climate change, a report said. “Among the regions, South Asia received the largest share of total funding, at 21 percent,” the […]
Sri Lanka Tourism – Air India tap into Trade Tourism
June 18, 2015 (LBO) – Sri Lanka’s tourism promotion bureau and Air India signed a joint promotion to target the top end of Delhi outbound traveler into Sri Lanka, a statement said.India is the biggest tourist arrival market for Sri Lanka with Indian arrivals clocking in a 38.2 percent growth in May and cumulative growth […]
Sri Lanka Ports Minister calls for maritime policy to develop sector
June 18, 2015 (LBO) – Sri Lanka’s Ports and Aviation Minister Arjuna Ranatunga says that if the maritime industry is to progress further it needs to have clear policy. “What we are trying to do is to get the industry and the experts together and make a policy through that,” Ranatunga said recently. “We are here to support […]
Ravi challenges MR again, asks for debate
June 18, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake challenged former Finance Minister and President Mahinda Rajapakse again to come for a debate on the national economy and financial policies.“I challenged former President Mahinda Rajapakse to debate to talk about the economy and what they did to the country at a public forum […]
Microsoft announces leadership changes; former Nokia CEO leaves Microsoft
June 18, 2015 (LBO) – Software giant Microsoft Corporation on Wednesday announced changes to its senior leadership team to drive engineering alignment against the company’s core ambitions.“We are aligning our engineering efforts and capabilities to deliver on our strategy and, in particular, our three core ambitions,” Microsoft CEO Satya Nadella said. Three ambitions are referred […]
Sri Lanka stocks close higher 0.07-pct: Nestle declines 9-pct in June
Jun 17, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.07 percent with market turnover crossing the two billion and index heavy stocks recording gains, Wednesday, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 5.11 points lower at 7,049.71 up 0.07 percent. The S&P SL20 closed 3.70 points higher at 3,914.76 […]
Fashion Bug celebrates World Environment Day with unique CSR programme ‘Puruduwenna’
As the name denotes, ‘Puruduwenna’ is all about teaching people to preserve the environment and to get into the habit of keeping the environment clean . Name Boards with messages related to environmental conservation such as ‘plant a tree for future generations’, ‘use the garbage bin for littering’, ‘reduce the use of polythene’ and many […]
Sri Lanka mulls national policy for economy after polls
June 17, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government plans to bring a national policy for the economy following the scheduled general election and the forming of a new government.“A National policy needs to be brought in.At the moment it is still a fragile situation,” Ravi Karunanayake told LBO […]
Sri Lanka’s twelve month treasury bill yields down
June 17, 2015 (LBO) – Sri Lanka’s three and six month treasury bill yields close flat at Wednesday’s auction with the twelve month yield down by one basis point, data from the state debt office showed.3-month yield was unchanged at 6.08 percent with 14,905 million rupees were accepted from 21,185 million rupees of bids.6-month yield […]
Sri Lankan airlines revenues up 10-pct in Q1 2015
June 17, 2015 (LBO) – Total revenue of Sri Lankan Air lines has increased by 9.8 percent in the first quarter of 2015, the state statistics office said. “Passenger kilometers flown and total revenue of Sri Lankan Air lines has increased by 7.7 percent and 9.8 percent respectively in the first quarter of 2015,” the […]