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Greece clears arrears at IMF and repays ECB
July 21, 2015 (LBO) – Greece has cleared overdue debt repayments of 2.05 billion euros to the International Monetary Fund (IMF), foreign media reports said.“The IMF confirmed that Greece is no longer in arrears,” the report said. This comes following missing two IMF payments worth 1.556 billion and 0.456 billion euros respectively in June last […]
6% GDP growth in 2015, a challenge; comparing rebased numbers technically wrong: CB
July 21, 2015 (LBO) – Sri Lanka’s Deputy Governor of the Central Bank says it would be difficult to maintain a 6 percent growth this year.“Looking at the last year’s quarter two, three and four growth rates which were higher or increasing; which means it’s a higher base,” “So it would be a challenge for […]
Sri Lanka needs to minimize tax exemptions to broaden tax base: Central Bank
July 21, 2015 (LBO) – Sri Lanka needs to minimize tax exemptions and improve direct taxation in order to broaden the tax base, Deputy Governor of the Central Bank said.“If you look at the tax exemptions, there are a large number of tax exemptions.” Deputy Governor Dr. Nandalal Weerasinghe said. Island’s Inland Revenue Act contains […]
Otara’s “Embark” spreads more love and compassion in Q1- 2015/16
July 20, 2015 (LBO) – Sri Lanka’s fashion brand supported animal welfare programme, Embark has performed 2592 street dogs vaccinations, 1458 sterilizations and 51 adoptions, in first quarter of 2015-16, a statement said.Embark and partner organisations have vaccinated 2,592 stray dogs, performed 1,458 sterilisations and given a total of 51 puppies in adoption between April […]
Sri Lanka stocks close down 0.2-pct
July 20, 2015 (LBO) – Sri Lanka’s stocks closed down 0.20 percent on Monday with investors taking profit from the market, brokers said. The Colombo benchmark All Share Price Index closed 14.10 points higher at 7,147.86 down 0.20 percent. The S&P SL20 closed 6.23 points higher at 4,007.52 down 0.16 percent. Turnover was 646.7 million […]
Sri Lanka to develop IT soft infrastructure and connect rural to digital world
July 20, 2015 (LBO) – Sri Lanka will connect all government departments though a digital platform and set 7500 Wi-Fi spots throughout the Island to educate and develop rural community, ICTA head said.“In the new era of digitized Sri Lanka, we are not anymore talking to urban audience but to rural audience, and that is […]
Gold, platinum prices drop to 5 year low with speculation over US interest rate rise
July 20, 2015 (LBO) – World gold prices have fallen to its lowest in more than five years in anticipation of a US interest rate rise this year, foreign media reported.The price has fallen four percent to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.“Talks of US interest rate […]
YouTube sensations now on Emirates in-flight entertainment
Step out of selected Emirates flights with a new hairdo with YouTube sensations ‘Cute Girls Hairstyles’ and ‘Brooklyn & Bailey’ This summer, Emirates’ award-winning ice entertainment system debuts two famous YouTube channels ‘Cute Girls Hairstyles’ and ‘Brooklyn & Bailey’. Known for their hairstyle tutorials, fashion and beauty vlogs, the two channels have over 5 million […]
‘s Oil Production Could Rise Faster Than Expected
July 20, 2015 (LBO) – Iran’s oil production could increase faster than analysts predict, said an International Energy Agency official, after a nuclear deal with world powers lifted sanctions on oil exports. Most analysts expect Iran will take at least one year to reach the pre-2011 production level of 3.8 million barrels a day from […]
National-list nominations as vote bait
July 20,2015 (LBO) – By far, the greatest number of professionals have been nominated as national-list MPs by the JVP.Some see this as cause for giving this party serious consideration. But there is evidence that the JVP national list nominations are pure window dressing. I was listening to the Propaganda Secretary of the JVP on […]
So far 200 complaints of electoral and general law violations: PAFFREL
July 20, 2015 (LBO) – Sri Lanka’s election watchdog PAFFREL says the organization has received 200 complaints in relation to 203 electoral and general law violations by yesterday afternoon. Among them, 17 are related to acts of violence and 20 incidents of electoral and general law violations. As per the PAFFREL statistical report of election […]
Are you prone to Cancer or Heart Disease?
Are you prone to Cancer or Heart Disease? Go to a Union Chemist Pharmacy and find out now”, says Dr Vaz Gnanam, Director Credence Genomics, subsequent to their tie up with Union Chemists. Credence Genomics is now working with Union Chemists (Pte) limited to assist you in finding out your risk of getting cancer and […]