Category: Other
Bank of England expects to ease policy rates in August
July 18, 2016 (LBO) – The Bank of England has kept its policy rates unchanged while expecting to ease its monetary policy stance next month after receiving official data on Brexit. At its meeting ending last week, the Monetary Policy Committee has voted by a majority of 8-1 to maintain bank rate at 0.5 percent, […]
Asian growth steady despite weak global prospects, Brexit: ADB
July 18, 2016 (LBO) – Growth in Asia and the Pacific’s developing economies for 2016 and 2017 will remain solid as firm performances from South Asia, East Asia and Southeast Asia help offset softness from the US economy, and near-term market shocks from the Brexit vote, says a new Asian Development Bank report. In a supplement […]
Turkey cracks down after failed coup, 6,000 arrested
July 18, 2016 (LBO) – Turkey cracked down on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000. President Tayyip Erdogan and the government accused former ally Muslim cleric Fethullah Gulen who is based in the U.S., of orchestrating the […]
Truck plows into crowd in France killing at least 77
July 15, 2016 (LBO) – A truck plowed into pedestrians during Bastille Day celebrations in the popular French seaside city of Nice on Thursday, leaving at least 77 people dead in what the nation’s president called “obviously a terrorist attack.” The deadly toll, which included several children, came after the truck slammed into revelers gathered […]
Sri Lanka Ports Authority launched project to create dengue free port
Sri Lanka Ports Authority today launched a special project to create a dengue free port. The inaugural program was held with the help of JCT employees of the Sri Lanka Ports Authority.
Voice Against Corruption lodges complaint over alleged coal scandal
The anti-corruption organization, Voice Against Corruption today handed over a complaint to the Anti Corruption Committee Secretariat about the alleged tender scandal in imported coal. Speaking to the media its convener Wasantha Samarasinghe said that those responsible should be taken to recover the losses.
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) – Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in their latest report. “Overall quality of teas, both from the Western and Eastern planting districts showed an improvement and consequently recorded a price appreciation of Rs. 20/- […]
UN Secretary General message on World Youth Day
Today’s world has the largest generation of youth in history. Their needs and potential are increasingly recognized in the international community. I am proud to have made youth issues a priority, including by appointing the first-ever Youth Envoy to serve as a liaison between the United Nations and the world’s young people. This elevation on […]
South Korea, Canada holds rates; Malaysia cuts rates 25bps
July 14, 2016 (LBO) – South Korea and Canada have left base rates steady while Malaysia cut its benchmark overnight policy rate by 25 basis points to 3 percent to support steady growth amid stable inflation. It is the first change in rates by Malaysia’s Central Bank since it raised its rate in July 2014 […]
Walkers CML Properties launches Heritage Valley in Kandy
Walkers CML Properties (Private) Limited, a subsidiary of MTD Walkers PLC, together with the Ministry of Public Administration and Management and The Board of Investment of Sri Lanka launched its newest affordable housing project, “Heritage Valley” in Kandy recently. Minister of Public Administration and Management Honourable Ranjith Madduma Bandara laid the foundation stone last week […]
Sri Lanka’s new Ambassador to ASEAN presents Credentials
Sri Lanka’s Ambassador to Indonesia, Dharshana M. Perera presented credentials as Sri Lanka’s Ambassador to ASEAN to Secretary General Mr. Le Luong Minh at the ASEAN Secretariat in Jakarta on 12th July 2016. During the discussion which followed, the ASEAN Secretary General welcomed the accreditation of the Ambassador of Sri Lanka and described it as […]
Sri Lanka FM statement following discussion with two visiting US Asst. Secretaries of State
It is a pleasure to welcome Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal and Assistant Secretary of State for Democracy, Human Rights and Labour Tom Malinowski to Sri Lanka and to this Ministry, once again. I am sure that by now, both Nisha and Tom are quite familiar to all […]