Category:
‘s term
Jan 11, 2016 (LBO) – Secretary to the President P.B. Abeykoon says no official song has been released to mark one year of democratic governance under the leadership of President Maithripala Sirisena. The Secretary to the President further said that a song titled “Nuba Ape Minisek” has been erroneously disseminated as Sri Lanka President’s Official Song […]
PTL Watch: Bond yields drop as volatility returns
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SEC advises TKS Securities over possible violation of rules
Jan 11, 2016 (LBO) – Sri Lanka’s securities watchdog has advised TKS Securities, a registered stockbroker, that their agent has made representations to the public as an investment advisor. The Securities and Exchange Commission said they are aware that an Agent of TKS Securities is carrying on business under a name of ‘Investor Eye’ or […]
Interview: Sector specific Acts needed for water, petroleum, says DG PUCSL
Jan 11, 2016 (LBO) – Sri Lanka’s Public Utilities Commission will need to have sector specific Acts for it to have power to regulate water and petroluem sectors, a senior official said. “Actually water and petroleum sectors are listed in our Public Utilities Commission Act which has been in operation since 2002 but we need […]
Sri Lanka foreign reserves at USD7.3 bln end Dec
Jan 11, 2016 (LBO) – Sri Lanka’s official foreign reserves was slightly higher at 7.29 billion dollars at the end of December, up from 7.28 billion dollars at the end of November, figures released by the Central Bank shows. This figure is down from 8.21 billion dollars in foreign reserves at the end of 2014. […]
Colombo Mayor says suing Enrique concert organizer
Jan 11, 2016 (LBO) – The mayor of Colombo says he is taking legal action to recover an estimated 30 million rupees in taxes from Live Events, the company that recently organized the Enrique Iglesias concert in Sri Lanka. The Colombo Municipality said event organisers had sold “invitations” to the event to avoid paying taxes […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Professor Willie Mendis
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]
LBR LBO Infrastructure Summit 2015 – Keynote Speech – Professor Willie Mendis
BACKGROUND Cities – habitat to half of world population – now generate over 80% of the global GDP. According to a study by “The Economist “(2012), already global business is beginning to plan strategy from a city, rather than a country, perspective. Given the rapid growth and development of many cities, competition between them for […]
PM presents motion to convert parliament into a Constitutional Assembly
Jan 09, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe on Saturday presented the motion in Parliament to enact a new constitution by converting parliament into a Constitutional Assembly. A special Parliament session is also to be held next Tuesday to seek approval to convert parliament into a constitutional assembly. The motion presented by […]
Sri Lanka’s Central Bank to sell USD 75mn worth development bonds
Jan 08, 2016 (LBO) – The Central Bank will issue 75 million US dollars of development bonds of one year, two years and three months, and four years and five months to local and foreign investors. The Debt Department said the subscription will be at a floating rate of US dollar six month LIBOR plus […]
Sri Lanka introduces Smart Metering to reduce electricity generation costs
Jan 08, 2016 (LBO) – Sri Lanka’s Power Ministry in a bid to reduce electricity generation costs has introduced the long awaited Smart Metering system. A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to […]