Category: Other
Sri Lankan delegation in Pakistan to revive Buddhist Gandhara trail
A high level delegation of 40 high ranking Sri Lankan Buddhist Monks as well as eminent Buddhist scholars led by Speaker of the Sri Lankan Parliament Hon. Karu Jayasuriya left for Pakistan last evening for a week-long visit from April 18 to 25, 2016. The delegation comprises senior monks of all Buddhist chapters including Most […]
Clinton, Trump lead in New York primaries
Apr 20, 2016 (LBO) – Democratic presidential candidate Hillary Clinton won New York’s Democratic primary reasserting her position over rival Bernie Sanders in the fight for the presidential nomination. In the Republican contest, Donald Trump defeated Ohio Governor John Kasich and Texas Senator Ted Cruz by a wide margin. Sanders had surged over the past […]
Global Ambassador of Cochlear Brett Lee on a visit to Sri Lanka – promoting hearing wellness
Wickramarachchi Opticians and Hearing Aids. subsidiary of J.M. Wickramarachchi & Co. celebrated its 40th anniversary as well as serving over 400 Cochlear Hearing implant success stories at a gala celebration launched together with Global Ambassador, Australian Cricketer Brett Lee. The celebration was held at the Galle Face Hotel, Colombo amidst a gathering of over 100 […]
Commercial Bank Dispenses Rs 21.54 billion in first 14 days of April
The Commercial Bank of Ceylon smashed itsrecords for cash dispensed via the Bank’s automated teller machine (ATM) network over a 14 day period this ‘Avurudu’ season, dispensing a jaw-dropping Rs 21.54 billion between 1stand 14thApril. On four of these 14 days, the 625-terminal network dispensed more than Rs 2 billion a day, with the peak […]
600 graduates of SriLankan Aviation College enter the world of aviation
600 young men and women qualified to embark upon rewarding careers in the international air transport industry at the graduation ceremony of the SriLankan Aviation College, one of Asia’s premier aviation academies, on Thursday (31st March) at the Bandaranaike Memorial International Conference Hall in Colombo. The SriLankan Aviation College is the academy of SriLankan Airlines […]
Lamudi to host real estate exhibition in Sri Lanka
Apr 18, 2016 (LBO) – Sri Lanka’s online property portal ‘Lamudi’ will host a real estate exhibition in May where developers will showcase upcoming projects. “This two day convention will see visitors exploring projects currently available all over the island,” Lamudi said in a statement. “Real estate is booming in Sri Lanka, and events like […]
Thilak Karunaratne sends letter of demand to Sunday Leader
Apr 18, 2016 (LBO) – Thilak Karunaratne, chairman of the Securities and Exchange Commission of Sri Lanka (SEC), has sent a letter of demand to The Sunday Leader newspaper alleging defamation for an article titled “SEC Fails Market Again,” on April 3rd. The article, which quotes from another article published on the website “‘Lanka News […]
IMF: Global growth has been too slow for too long
Are troubles ahead for the global economy? The IMF thinks so. Apr 12, 2016 (LBO) – IMF projects a global growth of a modest 3.2 percent in 2016, broadly in line with last year, but 20 basis points below the January 2016 forecast. The lender attributed its global economic outlook cut, for the second time […]
Sri Lanka moving ahead with Panama Papers investigation: CB Governor
Apr 12, 2016 (LBO) – Sri Lanka is moving ahead with an investigation on leaks contained in the Panama Papers, although clear information is not yet available, Central Bank Governor Arjuna Mahendran told reporters. “We have got some of those papers, and we are requesting further information from our counterparts,” Mahendran said. The names of […]
Goldman Sachs pays USD5 bln to settle role in financial crisis
Apr 12, 2016 (LBO) – Top investment bank Goldman Sachs will pay 5.06 billion dollars to settle allegations that it sold packages of questionable mortgages to investors during the period leading up to the financial crisis. Between 2005 and 2007, Goldman Sachs discovered problems with the mortgages it was selling to investors but didn’t tell […]
Decisions under Sri Lanka’s Megapolis are ad-hoc: Prof Kumarage
Apr 08, 2016 (LBO) – Decisions and actions under Sri Lanka’s Megapolis have been ad-hoc and have not received sufficient debate and evaluation, a transport sector expert charged. Professor Amal Kumarage, a senior professor at Moratuwa University, speaking at a Verité Research seminar said the Megapolis initiative is based on unsustainable high-cost and long-term solutions. […]