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‘s UNP announces changes in party positions
Apr 05, 2016 (LBO) – Sri Lanka’s ruling United National Party on Tuesday carried out several changes in party positions, although there were no significant changes to the line up. The UNP Working Committee appointed Primary Industries Minister Daya Gamage as Senior Deputy Chairman of the party by abolishing the existing National Organizer post. Minister […]
PTL Watch: Short tenor yields dip, more activity in bonds
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Business leaders meet Lord Mark Malloch-Brown in Colombo
Apr 05, 2016 (LBO) – Top Sri Lankan business personalities met Rt Hon Lord Mark Malloch-Brown at a dinner event in Colombo organized by the Horton Debate Society. Mark Malloch-Brown was rated one of the 100 most influential people in the world, according to TIME magazine, in 2005. He was hosted to an intimate dinner […]
Sri Lanka tourist arrivals up 23-pct in March
Apr 05, 2016 (LBO) – Sri Lanka’s tourist arrivals rose 22.8 percent to 192,841 in March from a year earlier driven by arrivals from India and China, the data from tourist promotion office showed. In the first quarter of 2016, arrivals were up 22.1 percent to 584,818. Arrivals from South Asia were up 28.6 percent to 44,175 in […]
Canadian High Commission to Sri Lanka celebrates International Mine Day
The High Commission of Canada to Sri Lanka and Maldives was pleased to mark ‘International Day for Mine Awareness and Assistance in Mine Action’ on 4 April with an event held at Canada House which brought together key government officials, members of the international, diplomatic and donor communities, demining organizations and civil society. The Honourable […]
Colombo’s CICT port extends services for new shipping lines
Apr 04, 2016 (LBO) – Sri Lanka’s International Container Terminals (CICT) has expanded its services for new shipping lines, the Ports Authority said. As the first step, the terminal has allowed Taiwan-based Interasia lines to start cargo operations in the port of Colombo. The Ports Authority said ‘Interasia lines’ expects to use Colombo Port as […]
Indonesia grants visa-free facility to Sri Lanka, other countries
Apr 04, 2016 (LBO) – Indonesia has granted visa-free facility to 169 countries including Sri Lanka under a new visa regulation. Indonesian President Joko Widodo has signed Presidential Regulation concerning Visit Visa Exemption early last month adding 79 countries to the list. Indonesian immigration office said passport holders of these countries are exempt for having […]
11 super luxury vessels called at Colombo Port last month
Apr 04, 2016 (LBO) – The number of passenger vessels calling at the Port of Colombo has increased with 11 super luxury passenger vessels calling at the passenger and other terminals during March 2016, the Ports Authority said. Among them were MV Cosalam Inosa, MV Costa Neoriviera, MV Island Sky, MV Rotterdam, MV Pacific Princess, […]
‘s capital
Apr 04, 2016 (LBO) – Sri Lanka’s Ekroma Realtors, a privately owned real estate developer, unveiled plans for an apartment complex targeting young professionals and families who need the convenience of city living in a central location. “We saw that there was scope for growth in the in luxury and modern living market and there were […]
Sri Lanka to formulate 25 year electricity sector master plan with JICA
Apr 04, 2016 (LBO) – Sri Lanka is planning to develop a comprehensive electricity sector master plan of 25 years for the generation, transmission and distribution development for the whole country with JICA support. The project will cover the consideration of new technical challenges which Ceylon Electricity Board as an implementing organization may face by […]
SEC to engage listed companies on Minimum Public Float
Apr 04, 2016 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) with the participation of the Colombo Stock Exchange (CSE) will conduct a forum to discuss the rules imposed on maintaining a Minimum Public Float. The forum will be held on the 6th of April 2016 at Cinnamon Lakeside Colombo. “Minimum Public […]
India likely to cut rates, eyes on FOMC minutes
Apr 04, 2016 (LBO) – Both the Reserve Bank of India and the Reserve Bank of Australia will announce interest rate decisions on Tuesday, with Moody’s Analytics expecting the RBI to cut its policy rate by 25 basis points to 6.5 percent. The Monetary Authority of Singapore will also meet this week, and analysts expect […]