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Sri Lanka stocks close up 0.3-pct
July 13, 2015 (LBO) – Sri Lanka’s stocks closed up 0.27 percent on Monday for a third consecutive session with plantation and telecom sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 18.66 points higher at 7,002.78 up 0.27 percent. The S&P SL20 closed 11.17 points higher at 3,916.44 up 0.29 […]
Sri Lanka sells USD301mn of one and two year development bonds
July 13, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 301.0 million US dollars of bids received from investors. The central bank has accepted 291.0 million US dollars of one year and one month bonds at a floating rate of weighted average margin […]
Sri Lanka ready to select new legislators for Parliament : Nominations closed
July 13, 2015 (LBO) – Acceptance of nominations for the forthcoming General Election which is to be held on 17 August 2015, ended today at 12.00 noon, the Elections Department announced.The nomination list of the United National Party showed that Champika Ranawaka, Mano Ganeshan and Western Provincial Councilor Hirunika Premachandra are among those contesting under […]
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,” […]
Sri Lank tourism infrastructure still has visible gaps: Report
July 13, 2015 (LBO) – Sri Lanka has to continue to invest in improving domestic transport and air connectivity in order to realize the full potential of the industry, a report by a stockbroker said. “At present Sri Lanka’s road network is improving at a slow but steady pace with some of the key areas […]
No nominations for Duminda, Mervin, Sarana and Sajin: Susil Premajayantha
July 13, 2015 (LBO) – Duminda Silva, Mervin Silva, Sarana Gunawardena and Sajin Vass Gunawardena have not been given nominations, General Secretary of the United People’s Freedom Alliance Susil Premajayantha said. Susil Premajayantha revealed this on Monday after handing over the nomination papers at the Colombo District secretariat. “Actually we have not removed any name. […]
Sri Lanka’s Hambantota Port first phase, a burden of USD51mn per year: SLPA
July 13, 2015 (LBO) – Sri Lanka’s government had to pay 51 million US dollars per year as loan repayments for the first phase of the Hambantota Port, Sri Lanka Ports Authority said. The first phase of the Port commenced in 2007 and incurred over 500 million US dollars while 90 percent of which was […]
Sri Lanka’s CSE signs MoU with Maldivian counterpart
July 12, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Maldives to explore opportunities for cooperation between the two Exchanges.Chairman of the CSE Vajira Kulatilaka said the CSE is extending its reach beyond borders to cooperate commercially with its peer exchanges in the region, to collectively […]
UNP to contest general election as United National Front for Good Governance
July 11, 2015 (LBO) – Sri Lanka’s United National Party is to contest the upcoming general election as the United National Front for Good Governance under ‘elephant’ symbol, former Deputy Minister of Policy Planning Dr.Harsha de Silva said. The unanimous decision has been taken at the 2015 UNP Special Convention held at the Campbell Park, Colombo. […]
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? […]
Ready to face consequences; Ranil has got it all wrong: DEW on bond report
July 11, 2015 (LBO) – Former Chairman of COPE, DEW Gunasekera says that Prime Minister Ranil Wickremesinghe has got it all wrong with regard to the interim report of the sub committee of COPE on the recent bond investigation.“This is not the first time that I have issued a COPE report, there have been many […]