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Sri Lanka’s JVP files petition with Human Rights Commission against MR
July 17, 2015 (LBO) – Sri Lanka’s Marxist JVP on Friday filed a petition with the Human Rights Commission against former President Mahinda Rajapaksa’s use of state vehicles and security. The petition filed by JVP Kurunegala District team leader Namal Karunaratne points out that the human rights of other candidates (Right to equality) are being […]
Finance Minister meets South Korean Ambassador
Sri Lanka’s Finance Minister Ravi Karunanayake on Friday (17) met the newly appointed Ambassador of the Republic of Korea to Sri Lanka, Chang Won-sam.
Shopping Fashion Online: An enormous opportunity for entrepreneurs but are we ready yet?
July 17, 2015 (LBO) – Sri Lankan fashion entrepreneurs are open to vast opportunities in the digital space but will have to face a different set of challenges, a Sri Lankan entrepreneur said. “The number of opportunities in the digital domain as an entrepreneur is enormous,” Linda Speldewinde, Founder and Managing Director, AOD International Design […]
Nestlé Professional takes lead as Platinum Sponsor for Culinary Art 2015
(Nestlé News Release) – Nestlé Professional, the leading out-of-home food and beverage solutions provider of Nestlé Lanka, joined hands with the Chefs Guild of Lanka to become Platinum Sponsor for Sri Lanka’s largest food and trade exhibition, Culinary Art 2015. As one of the most sought-after food exhibitions for the F&B fraternity, attracting over 2,000 […]
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July 17, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Bank of Ceylon’s proposed Basel II-compliant subordinated debentures of up to 8 billion rupees an expected national long term rating of ‘AA(lka)(EXP)’. The proposed issuance, which will have tenors of five and eight years and carry fixed and floating coupons, will be listed on the […]
Sri Lanka’s Hikkaduwa Beach Resort to borrow Rs480mn from Sampath Bank
July 17, 2015 (LBO) – Sri Lanka’s Hikkaduwa Beach Resort is to borrow 480 million rupees from Sampath Bank after mortgaging its land and building, the company said.The company will be calling for a shareholder meeting to seek necessary approval for the said borrowing and the mortgage of the property. “The entirety of the land […]
Sri Lanka to reduce fuel price if world oil prices drop: Ravi K
July 17, 2015 (LBO) – Sri Lanka’s government will consider a further reduction in the fuel price if oil prices in the world drop, the Finance Minister said. “If the world oil prices drop then we will also reduce the fuel prices in the country but the prices have not dropped yet,” Ravi Karunanayake, Finance […]
Effective public service and service delivery, crucial for competitiveness of economy: Think Tank
July 17, 2015 (LBO) – An efficient service delivery in the public service is crucial not only to achieve a competitive economy but also to meet the needs of poor and vulnerable sections of the society, a think tank said. “The efficiency of the public service, in terms of policy development and service delivery, is […]
Sri Lanka stocks close up 0.8-pct: Two week high
July 16, 2015 (LBO) – Sri Lanka’s stocks closed up 0.82 percent on Thursday, on two week high with telecom and banking sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 57.95 points higher at 7,124.14 up 0.82 percent. The S&P SL20 closed 33.50 points higher at 3,991.21 up 0.85 […]
Sri Lanka’s ministers to pay for govt vehicles and fuel if used for election campaign
July 16, 2015 (LBO) – Sri Lanka’s government asked Prime Minister, the Ministers, State Ministers, Deputy Ministers and the officials to pay a fee for using their official vehicles to promote their political party or candidature in upcoming general election.The decision was made at a meeting held between the Commissioner of Elections and the General […]
Sri Lanka gets Euro 53mn credit from Spain to construct flyovers
July 16, 2015 (LBO) – Sri Lanka’s government to construct four lane steel flyover in Rajagiriya- Colombo, and two lane flyovers in Ganemulla and Polgahawela to ease the traffic congestion in the Colombo city and suburbs with 53 million Euro credit from Spain, cabinet spokesman Rajitha Senaratne said. The credit from government of Spain which […]
Guaranteed price for green leaf extended till next month; Rs200mn for Tea Shakthi Fund
July 16, 2015 (LBO) – Sri Lankan government has decided to extend the guaranteed price of 80 rupees per kilogram of green leaf produced by tea smallholders until this August.Cabinet of Ministers has approved a proposal by Plantation Industries Minister Lakshman Kiriella to extend this scheme implemented under the 100 day programme of the government.Meanwhile […]