Category: Featured
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) – Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the SEC for 13 years has been removed from the post with immediate effect. The decision to remove Wijegunawardane was by the Commissioners of the SEC SEC Director Litigation Chinthaka Mendis has […]
‘Sancharaka Udawa’ to play pivotal role in boosting tourism industry
Mar 02, 2020 (LBO) – The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced that the 10th edition of the Sancharaka Udawa -Sri Lanka’s only travel and tourism exhibition- will be held this year at the BMICH on 15 and 16 May. The announcement was made alongside main sponsor Sri Lanka Tourism. Designed to […]
UN rights chief regrets Sri Lanka withdrawal from resolution
Feb 28, 2020 (LBO) – The United Nations’ human rights chief expressed regret on Sri Lankan government’s decision to withdraw its co-sponsorship of a 2015 resolution backing an investigation into alleged human rights violations during the island’s civil war, Thursday. Michelle Bachelet addresssing the U.N. Human Rights Council sessions in Geneva said that the decision […]
HNB posts group PAT of Rs. 15Bn
Feb 26, 2020 (LBO) – HNB PLC weathered external headwinds in 2019 to post 15 billion rupees in Group Profit After Taxes (PAT) and 14 billion rupees in Bank PAT and remains the best capitalized bank in the sector. HNB Chairman Dinesh Weerakkody stated that “the year that preceded us has been extremely challenging with […]
FM will formally inform decision of govt. to withdraw co-sponsorship of resolution
Feb 26, 2020 (LBO) – Minister of Foreign Relations, Skills Development, Employment and Labour Relations, Dinesh Gunawardena who leads the Sri Lanka delegation to the 43rd Session of the Human Rights Council is scheduled to address the High Level Segment of the Human Rights Council (HRC), Wednesday. He will formally inform the Council Members of the […]
Sri Lanka raids and finds substandard lubricants products worth Rs. 2.5Mn
Feb 19, 2020 (LBO) – Sri Lanka carried -out an Island-wide raid on substandard and unauthorised lubricants products as the Consumer Affairs Authority (CAA) decided to investigate the importation, production, distribution and sale of lubricants and related products in Sri Lanka due to increase number of consumer complaints on low-quality lubricants in the market. Accordingly, […]
Sri Lanka vehicle registrations rebounds in Jan 2020
Feb 18, 2020 (LBO) – Sri Lanka’s total car registrations recorded 2,536 units in January up from 2,057 units in Dec but down from 3,147 units 12 months ago, a new report shows. “The recent policy interventions both in terms of fiscal policy (taxation) or capital moratoriums did not target vehicle registrations,” research firm JB […]
“Timelines evolved externally would hinder process of reconciliation”: SL tells UN Security Council
Feb 17, 2020 (LBO) – “Timelines evolved externally in achieving stated objectives would only seek to hinder the process of reconciliation since they would be bereft of ground realities” emphasized Sri Lanka’s Permanent Representative to the United Nations Ambassador Kshenuka Senewiratne. She was speaking at a one day debate at the UN Security Council titled […]
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
Proposals for a new constitution presented to President
Feb 14, 2020 (LBO) – A set of proposals containing facts that should be taking into account when formulating a new Constitution was presented to President Gotabaya Rajapaksa. The proposals on new Constitution compiled by the Yuthukama organisation under the theme ‘proposals to formulate a new Constitution for a strong state ‘ was presented to […]
Opinion: Girls in STEM, How is Sri Lanka faring?
Ashani Abayasekara Written for International Day of Women and Girls in Science on 11 February 2020 Sri Lanka is well recognised as a leader in gender-equal education in the developing world; World Bank statistics show that primary and secondary school enrollments and completion rates are similar for girls and boys, while girls have higher enrollment […]
Sri Lanka economy on the mend in 2020 : Will look at new IMF deal
Feb 11, 2020 (LBO) – A revival in economic activity can be expected in 2020 with the support of better fiscal and monetary measures with Sri Lanka also looking at a fresh deal with the IMF, a senior official said. Speaking at the Ceylon Chamber of Commerce’s Economic Outlook launch for 2020 the Central Bank […]