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Sri Lanka’s Power Ministry to set up island-wide charging centers for electric cars
Feb 17, 2015 (LBO) – Sri Lanka’s Power and Energy Ministry plans to set up an island-wide network of charging centres for electric cars involving private businesses and households, the ministry said in a media release.The ministry said that it plans to introduce a special tariff between the hours of 2200 and 0400 for charging […]
‘s NDB to issue Rs7.5bn listed debt
Feb 17, 2015 (LBO) – Sri Lanka’s National Development Bank to issue listed rated unsecured senior redeemable debentures for 5 billion rupees with an option to go up to 7.5 billion rupees, the company said in an announcement to stock exchange.The rates and tenor was not announced.
Human Rights
Feb 17, 2015 (LBO) – The United Nations had delayed the report of alleged human rights violations in during the Tamil tiger war in Sri Lanka until September 2015, given the changing political context in the island. He said that the three experts, who were appointed by his predecessor Navi Pillay to advise the investigation, […]
Sri Lanka Insurance gets a new chairman
Feb 16, 2015 (LBO) – Sri Lanka’s new administration has appointed Hemaka Amarasuriya, an accounting professional, who served for Singer Sri Lanka group for a long period as chairman of Sri Lanka Insurance Corporation.Amarasuriya an accounting professional, is the former Senior Vice President of Singer Asia Limited, Vice President of Retail Holdings Limited USA and […]
Sri Lanka’s Cargills gets US$20mn of IFC investment
Feb 16, 2015 (LBO) – International Finance Corporation (IFC), a unit World Bank has invested 20 million US dollars in Sri Lanka’s Cargill Food Company, the group said in a filing to stock exchange.The group said that IFC subscribed to an eight percent stake in the share capital of Cargills Food Company, wholly owned subsidiary […]
Sri Lanka Tourist arrivals up 6.6-pct in January 2015
Feb 16, 2015 (LBO) – Sri Lanka’s tourist arrivals rose 6.6 percent to 156,246 in January 2015 from a year earlier, driven by China, Russia, India and United Kingdom, data from the state tourism promotion office showed. South Asian visitors were up 14.6 percent to 28,392 compared to the same month last year supported by […]
’s with India
Feb 16, 2015 (LBO) – Sri Lanka and India signed four memorandum of understandings (MOU) between both countries, during the first official visit of President Sirisena to India after assumed duties, a report said. Sudharshan Seneviratne, High Commissioner of Sri Lanka in New Delhi and Ashish Bahuguna, Secretary, Department of Agriculture & Cooperation signed a […]
’s President visits India
Feb 15, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena is to leave for India today as his first official foreign visit after assumed office in January. President will also attend religious observances at Bodh Gaya Temple and Tirupati Hindu Temple. In a telephone conversation with Priseident Sirisena on 13th Friday, Indian Prime Minister Narendra […]
Sri Lanka to sign an agreement with India to wave off visa requirement for Diplomatic passport holders
Feb 13, 2015 (LBO) – Sri Lanka’s Cabinet of Ministers has approved the proposal made by the Minister John Amarathunga to sign an agreement with India to waive the requirement of obtaining of Visas for Sri Lanka and India by diplomatic passport holders and official travel documents. Sri Lanka’s President Maithripala Sirisena is to visit […]
Sri Lanka to attract Indian investments
Feb 13, 2015 (LBO) – Sri Lanka’s new administration plans to attract Indian Investments in to the Indian Ocean Island, and to develop strong relationship with India with the proposed visit of President Sirisena’s to India in mid – February. We have only got loans with high interest under the previous regime but not investments, […]
Sri Lanka Aitken Spence December 2014 net down 19-pct
Feb 12, 2015 (LBO) – Profits at Sri Lanka’s Aitken Spence group fell 19 percent to 869 million rupees in the December 2014 quarter, interim accounts showed.The group reported earnings of 2.14 rupees per share for the quarter.For the nine months to December 2014, the firm reported earnings of 5.41 rupees per share on profits […]
New Appointment
Feb 12, 2015 (LBO) – Sri Lanka’s Urban Development Authority (UDA) said Ranjith Fernando, a senior retired banker was appointed as the chairman of the authority. Nayana Nadeesha Mawilmada also been appointed as the new Director General of the Authority , the UDA said in a filing to stock exchange. The earlier office bearers had […]