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Sri Lanka to ratify UN convention on electronic communication
June 11, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal made by Foreign Minister to ratify a convention on electronic communication with regard to the International agreements, Cabinet Spokesman Minister Rajitha Senarathne said.It has also been proposed to empower the Information Communication Technology Agency to make recommendations on revisions and modifications that may […]
‘s constitutional council to function without civil representatives
June 11, 2015 (LBO) – Sri Lanka’s constitutional council will be able to meet and function even without filing the vacant seats of the ten member constitutional council, Cabinet Spokesman Minister Rajitha Senarathne said.The Parliament is yet to agree on the three civil society representatives that has been nominated by both the Prime Minister and […]
Singer Sri Lanka debenture oversubscribed
Jun 11, 2015 (LBO) – Singer Sri Lanka’s 15,000,000 rated senior secure redeemable debenture valued at 1,500,000,000 has been oversubscribed, the Company said in a stock exchange filling. The issue will close as per its prospectus this evening.The basis of allotment will be notified to the CSE later, the statement said.
‘s President appoints more advisors
Jun 11, 2015 (LBO) – Sri Lanka’s former Prime Ministers, Ratnasiri Wickremanayake and D. M. Jayaratne were appointed as senior political advisors to the President, a statement said.Wickremanayake, is currently a Member of Parliament and served as the Prime Minister from August 2000 to December 2001, during the regime of the People’s Alliance Government and […]
EAP Broadcasting to get new rating for debt issue
June 11, 2015 (LBO) – Sri Lanka’s EAP Broadcasting Company Limited said that it has taken all the steps necessary to obtain another rating for its proposed debenture issue which was to be held today.Sri Lanka’s securities watch dog issued a directive to EAP Broadcasting Monday to hold its debt issue citing a conflict of […]
Developing countries to face tough challenges in 2015: World Bank
June 11, 2015 (LBO) – The World Bank says, that developing countries would face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth […]
Sri Lanka PM ordered UDA to stop land acquisition in the Colombo District
June 11, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickramasinghe instructed Urban Development Authority to immediately stop land acquisition activities in the guise of development in the Colombo District and to stop forceful evictions and acquisitions. A statement released by the Prime Minister’s Office said that the Chairman was further instructed to device a […]
‘s Hemas Holdings March net down 17.6-pct
June 11, 2015 (LBO) – Sri Lanka’s Hemas Holdings which has interests in consumer goods, power and leisure has posted a profit of 771 million rupees in the March 2015 quarter, down 17.6 percent from a year earlier, interim accounts showed. The group reported earnings of 1.50 rupees per share for the March quarter against […]
Sri Lanka to reduce its carbon foot print in energy production by switching to gas
June 11, 2015 (LBO) – Power and Energy Minister says Sri Lanka will stop using fuel based power plants and convert to natural gas in future to reduce the Island’s carbon foot print.“We have recently retired; high pollution and high cost fuel based power stations totaling 220MW,” “And are in the process of switching another 655 […]
‘s President appoints another round of deputy ministers
June 10, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed four Parliamentarians as Deputy Ministers on Wednesday evening. Wijaya Dahanayake has been appointed as the Deputy Minister of Public Order and Christian Affairs while Sanath Jaysuriya has been appointed as the Deputy Minister of Provincial Council and Provincial Development. Thilanga Sumathipala was sworn […]
Iranian merchant ship not carrying crude oil to Sri Lanka: Ministry of Foreign Affairs
June 10, 2015 (LBO) – Sri Lanka’s Ministry of Foreign Affairs said that the country will not unload any cargo of the Iranian merchant ship, F Whale and it is not carrying crude oil shipment to state-run Ceylon Petroleum Corporation. “We have information that the vessel of the name of F Whale under the Panama […]
Sri Lanka stocks close down 0.2-pct for third straight day
Jun 10, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.19 percent for the third consecutive day with investors continuing to keep away from trading due to the unstable political climate in the country, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 13.43 points lower at 7,053.68 down 0.19 percent. The […]