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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 […]
Sri Lanka stocks close up 0.5-pct
July 10, 2015 (LBO) – Sri Lanka’s stocks closed up 0.53 percent on Friday for a second consecutive day with JKH and banking stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 37.07 points higher at 6,984.12 up 0.53 percent. The S&P SL20 closed 34.56 points higher at 3,905.27 […]
Foreign Minister Mangala Samaraweera hosts Ifthar
Foreign Minister Mangala Samaraweera held an ifthar in Matara yesterday (09).Religious leaders, political leaders, diplomats from Muslim countries, businessmen and civil society were present at the gathering.Foreign Minister Samaraweera emphasized the multi-ethnic, multi-cultural and multi-religious nature of Sri Lanka and said that the friendliness between the Muslims and Sinhalese citizens of Matara made the city […]
Sri Lanka calls international partners to jointly operate Hambantota RO-RO hub
July 10, 2015 (LBO) – Sri Lanka calls for international partner to jointly operate a Roll-on-Roll-off (RO-RO) berth of Hambantota port considering the potentiality of developing it as a reshipping center.Cabinet Spokeman said, ships can easily reach East African countries and Western Australia directly from the Hambantota port which is situated between Singapore and Dubai […]
BRICS, emerging economies launch new development bank
July 10, 2015 (LBO) – Emerging economies, Brazil, Russia, India, China and South Africa (BRICS) launched a development bank and a currency pool, Thursday, foreign media reports said.“Countries attending a two-day summit in Russia for the world’s emerging economies, known as BRICS, have launched their biggest initiative to date: a development bank and a currency […]
Sri Lanka needs more value added tea exports; brew only 4-pct locally: EDB
July 10, 2015 (LBO) – Sri Lanka needs to look at higher value additions in tea and the current value additions are not giving the required value addition levels, the head of EDB said. Bandula Egodage, the chairman of Export Development Board said a whopping 96 percent or 325 million Kilograms of Pure Ceylon Tea leave […]