Category: Featured
FM statement on misreporting of CID investigation regarding Namal Kumara
Sept 27, 2018 (LBO) – The Criminal Investigation Department (CID) is conducting investigations into serious allegations of an alleged conspiracy to assassinate President Maithripala Sirisena, former President Mahinda Rajapaksa and former Defence Secretary Gotabaya Rajapaksa, amongst others. As of this time, the only source for these allegations is a statement made by A.M. Namal Kumara. While […]
‘s looks at adaptive social protection to protect poor,vulnerable from disasters
Sept 26, 2018 (LBO) – The key concerns for Sri Lanka are less about extreme poverty; and more about vulnerability to an array of risks like disaster and the management of them, the Country Director of the World Baknk in Sri Lanka said. “Sri Lanka has put in place extensive programs to respond to disasters […]
President to address UN General Assembly today
Sept 25, 2018 (LBO) – President Maithripala Sirisena arrived in New York to attend the 73rd Session of the United Nations General Assembly (UNGA), Sunday. Ministers Rajitha Senaratne, Champika Ranawaka and Mano Ganeshan accompanied the President. Foreign Minister Tilak Marapana arrived in New York yesterday. President Sirisena is scheduled to address the UNGA on September […]
Feature: Building Sri Lanka’s resilience to climate change
By World Bank 38-year-old Sivasidambaram Vasugi is the General Manager of one of the first cooperative-owned seed paddy processing centers in Killinochchi, Si Lanka. The Integrated Farmers Thrift and Credit Cooperative Society (IFTCCS) provides local farmers with high-quality seeds, but these days, there are no buyers walking in the door. Her community is facing a […]
Maldives elects new President: Abdulla Yameen concedes defeat
Sept 24, 2018 (LBO) – The Maldives, has voted Ibrahim Mohamed Solih, the opposition candidate, as the islands new President, foreign media reports said. Incumbent Abdulla Yameen, conceding defeat said, the citizens of the Maldives had their say and I accept that result. “I have congratulated him,” media reports quoted the out going President as saying. Solih […]
‘s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) – Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before as the Central Bank of Sri Lanka held rates. Sri Lanka’s Minister of Finance Mangala Samaraweera releasing a statement said that Sri Lanka has been […]
Sri Lanka records GDP growth of 3.7-pct
Sept 19, 2018 (LBO) – Sri Lanka has recorded a growth of 3.7 percent in Gross Domestic Product in the second quarter of 2018. Growth in the first quarter was slightly lower at 3.5 percent. The GDP at constant (2010) prices for the second quarter of 20 18 recorded as 2, 264,445 million rupees, and GDP […]
‘s rooftop solar power project
Sept 19, 2018 (LBO) – The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion ( USD 50 Million) from the Asian Development Bank for the rooftop solar power generation project. The main objective of this project is to support government’s “Battle for Solar Power Programme” to achieve […]
‘s real-estate
Sept 18. 2018 (LBO) – Singapore based property developer, Iconic said they are planning to invest US 50 million dollars in Sri Lanka’s luxury/semi luxury and affordable real-estate projects. “We want to deploy an additional fund of US 50 million dollars in Sri Lanka’s real-estate market and are looking at two major verticals,” Rohan Parikh, Managing Director, Iconic […]
Sri Lanka tops South Asia in human development index 2017
Sept 18, 2018 (LBO) – Sri Lanka has been classified under the “High Human Development” category, with a Human Development Index value of 0.770 , and ranked 76 out of 189 countries in 2017, a statement said. Between 1990 and 2017, Sri Lanka’s HDI value increased from 0.625 to 0.770, an increase of 23.2 percent. […]
Lankapak 2018 concludes with Rs.10Mn initiatives launched to boost SME packaging
Sept 17, 2018 (LBO) – Sri Lanka’s Lankapak 2018 concluded over the week-end with strong Indian participation and 10 million rupees initiatives launched to boost SME packaging, competitiveness in the island. “Printing and packaging are important elements in branding Sri Lanka to the global markets, especially for our SMEs striving for international markets,” said Rishad Bathiudeen, minister of industry and […]
‘s Colombo port
Sept 17, 2018 (LBO) – The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern vessels is owned by the best Cruise Liner Company Viking Cruise Lines of Norway. With operational headquarters in Basel, Switzerland, Viking currently operates a […]