Category: Other
Otara launches Foundation for environmental sustainability and animal welfare
July 13, 2015 (LBO) – Sri Lanka’s fashion entrepreneur and animal lover Otara Gunewardene, has launched a non-profit foundation dedicated to improving the lives of all animals, communities and the environment, a statement said. “There is no business that we engage in which is more important than preserving the environment we have been blessed with,” […]
Evaluate candidates using this Score Card before cast your vote: Paffrel
1. Does he/she possess a sufficient knowledge of the law making process that is the primary function of the Parliament?2. Is he/she a law abiding person? 3. Does he/she earn an income from anti social activities? 4. Does he/she accused of taking bribes?5. Does he/she harm the environment? 6. Does he/she misuse or abuse power? […]
Foreign Minister Mangala Samaraweera hosts Ifthar
Foreign Minister Mangala Samaraweera held an ifthar in Matara yesterday (09).Religious leaders, political leaders, diplomats from Muslim countries, businessmen and civil society were present at the gathering.Foreign Minister Samaraweera emphasized the multi-ethnic, multi-cultural and multi-religious nature of Sri Lanka and said that the friendliness between the Muslims and Sinhalese citizens of Matara made the city […]
Sri Lanka calls international partners to jointly operate Hambantota RO-RO hub
July 10, 2015 (LBO) – Sri Lanka calls for international partner to jointly operate a Roll-on-Roll-off (RO-RO) berth of Hambantota port considering the potentiality of developing it as a reshipping center.Cabinet Spokeman said, ships can easily reach East African countries and Western Australia directly from the Hambantota port which is situated between Singapore and Dubai […]
BRICS, emerging economies launch new development bank
July 10, 2015 (LBO) – Emerging economies, Brazil, Russia, India, China and South Africa (BRICS) launched a development bank and a currency pool, Thursday, foreign media reports said.“Countries attending a two-day summit in Russia for the world’s emerging economies, known as BRICS, have launched their biggest initiative to date: a development bank and a currency […]
Greek Banks extend daily limit on ATMs
July 09, 2015 (LBO) – The government of Greece has extended bank closures and a 66 US dollar daily limit on ATM withdrawals until Monday, Foreign Media reports said.The European Central Bank has decided not to increase support for Greek banks until the debt crisis is resolved, the report said. This is ahead of the […]
The NYSE resumes trading after technical failure; rejects reports of cyber attack
July 09, 2015 (LBO) – The New York Stock Exchange resumed its trading activities after the exchange facing a major technical failure that suspended trading on Wednesday afternoon.“The issue we are experiencing is an internal technical issue and is not the result of a cyber breach,” the NYSE said in a statement.“We chose to suspend […]
Chinese shares drop over 8-pct, amid regulators help
July 08, 2015 (LBO) – China’s main stock index, Shanghai Composite fell 8.2 percent at the start of trading Wednesday with the index dropping 4 percent to 3576.79, foreign media reports said. The smaller Shenzhen Composite fell 3.9 percent. The media report said, the slump came despite more moves by China’s regulators to try and […]
Asian stock markets back on track
July 07, 2015 (LBO) – Most of the Asian markets traded higher on Tuesday, following losses on Monday, foreign media reports said. Japan’s benchmark Nikkei 225 was up 1.4 percent to 20,389.47 in early trade while the euro also rebounded from Monday’s one week low to 1.1045 US dollars against the dollar. Hong Kong’s Hang […]
Greece referendum rejects reforms; Eurozone members to meet
July 06, 2015 (LBO) – European Commission after the result of the Greece referendum has called Eurozone members and the Heads of the EU institutions for an immediate discussion.Releasing a statement the European Commission said its President Jean-Claude Juncker will address the European Parliament in Strasbourg on Tuesday. “President Juncker is consulting tonight and tomorrow […]
Greece to default debt
June 30,2015 (LBO) – A senior government official of Greece has declared that Greece will not honor loan installment repayment of USD 1.8 falls due on Tuesday, media reports say. Analysts say this brings Greece a step closer to departure from Eurozone.Leaving the Eurozone is highly complicated, as the agreement that brought nations together to […]