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Sri Lanka rupee may strengthen with foreign cash inflows for election: CB Governor
June 6, 2015 (LBO) – Sri Lanka’s rupee may strengthen supported by foreign inflows to finance an upcoming general election in September this year, Central Bank Governor Arjuna Mahendran told reporters recently.Mahendran said this in reply to a question raised by a journalist about the prediction made by Finance Minister Ravi Karunanayake on 23rd of […]
Sri Lanka Tourist arrivals up 12 pct- in June 2015
July 6, 2015, (LBO) – Sri Lanka’s tourist arrivals rose 11.9 percent to 115,467 in June 2015 from a year earlier, driven by India and China, data from the state tourism promotion office showed. In the year to June, arrivals of visitors were up 14.1 percent to 830,051 from the year before. South Asian visitors […]
‘s Freedom Alliance yet to unite
July 04, 2015 (LBO) – Sri Lanka’s United People’s Freedom Alliance led by President Maithripala Sirisena decided to allow ex-President Rajapaksa to contest under UPFA. Though Rajapaksa fraction demanded the position of Prime Ministerial candidature or UPFA group leadership at the recent discussions, President Sirisena has refused them. Rajapaksa allies on Friday evening holding a […]
US reauthorized GSP, Duty Free Entry for 5000 products from 122 countries and territories
July 3, 2015 (LBO) – Sri Lanka’s Department of Commerce says that the US President has restored US Generalized System of Preferences (GSP) with effect from 29.06.2015 with retroactive respect including Sri Lanka.A statement said that the US President signed into law HR 1295 on June 29, 2015 re-authorizing the US GSP Programme until 31 […]
Mahinda won’t accept nomination unless it’s for leadership position: Vasudeva
July 3, 2015 (LBO) –United People’s Freedom Alliance’s fraction of former president Rajpakse says that they won’t accept the nomination unless the party agrees to give leadership for Rajapakse.“We asked for the leadership (Group leadership or Prime Ministerial Candidate) of UPFA, not the nomination,” Vasudeva Nanayakkara told LBO on Friday.“That is why it is not […]
Sri Lanka’s President should ask the COPE report on CB Bond: Former COPE Chairman
July 3, 2015 (LBO) – Sri Lanka’s President Sirisena should read the COPE report on the much talked bond scam and take actions if necessary, former Chairman of the inquiry committee DEW Gunasekera said.“If President wants he can get a copy of this report from the secretary of the parliament and see whether there is […]
‘s ruling UNP to present new budget after winning general election
July 03, 2015 (LBO) – Sri Lanka’s ruling United National Party on Friday said they are presanting a new budget if they win the upcoming general election. Former Deputy Minister of Economic Policy, Dr. Harsha de Silva responding to a question raised by LBO said they are yet to decide on the super gain rax […]
Sri Lanka gross borrowings down 22.5-pct from Jan to Apr 2015
July 03, 2015 (LBO) – Sri Lanka’s government debt operations indicated total gross borrowing as 569.8 billion rupees during the first four months of this year, down 22.5 percent from the same period last year. Out of the total, 530.6 billion rupees was domestic borrowings and balance 39.2 billion rupees was the foreign borrowings, 2015 […]
Sri Lanka Ports Authority profits down 13.5-pct from Jan to Apr 2015
July 03, 2015 (LBO) – Sri Lanka Ports Authority profits have declined by 13.5 percent during the first four months of this year compared to same period in the previous year, 2015 mid year fiscal responsibility report said. The Authority recorded a profit before tax of 3.2 billion rupees during the first four months of […]
Sri Lanka CPC loss Rs5bn in the first four months to April 2015
July 2, 2015 (LBO) – Sri Lanka’s Ceylon Petroleum Corporation, reported a loss of 5 billion rupees by the end of month of April 2015 despite the oil price reduction of the world market, state statistics report showed.The CPC’s total cost of the petroleum products imports during the first four month is around 90 billion […]
SriLankan airline loss Rs4.9bn in first four months of 2015
July 2, 2015 (LBO) – Sri Lanka’s state owned SriLankan airline recorded a loss of 4.9 billion rupees during the first four months of 2015, statistics shows.This has been resulted to increase the accumulated losses of the airline to 130.9 billion rupees. The airline reported a revenue of 39.6 billion rupees during the period, which […]
No plans to take any action against CB Governor: Lakshman Kiriella
July 02, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran would not be removed from his post since the allegations are false, former leader of the house Lakshman Kiriella told reporters Thursday.“We are not planning to take any action against him,” Kiriella said.“There were three draft reports on this bond issue, But none […]