Category: Featured
‘s visit to Oslo
Oct 02, 2018 (LBO) – The Sri Lanka Association for Software and Services Companies (SLASSCOM) will host multiple events in Norway and Sweden with the participation of the Prime Minister Ranil Wickremasinghe, who is visiting Oslo during 3rd to 5th October. The PM will be accompanied by the Minister of Fisheries and Aquatic Resources Development […]
Current policy stance desired, less probability for a rate hike: First Capital Research
Sept 29, 2018 (LBO) – First Capital Research believes that a policy rate change is not required at this moment considering the prevailing economic conditions of the country. First Capital Research also believes that the vulnerable external environment and lower GDP growth level provide less scope for the monetary board to increase rates.“The possibility of […]
Facebook resets log in tokens of 90 million users after attackers exploited system
Sept 29, 2018 (LBO) – Facebook has discovered a vulnerability that affected almost 50 million accounts after an external actor exploited their systems.Facebook said it’s clear that attackers exploited a vulnerability in Facebook’s code that impacted “View As” a feature that lets people see what their own profile looks like to someone else. “This allowed […]
ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) – The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) of elevated toll highway with related facilities between the New Kelani Bridge (NKB) and Galle Face in central Colombo in Sri Lanka. The new highway is expected […]
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to Development (BUILD) Act in the FAA Reauthorization Act of 2018.The House yesterday passed the Act by a vote of 398-23 and the legislation now heads to the Senate for consideration. BUILD Act is […]
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 […]