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Dec 24,2014 (LBO)- Sri Lanka’s opposition leader Ranil Wickremesinghe said that he would deal directly with the International Monetary Fund (IMF) in Washington instead of dealing with the ˜local jokers’ if they formed a new government. He made this comment speaking about the IMF Fund assessment which was okay with the exchange rate. œYou are […]
Opposition presidential candidate Sirisena says the govt has not given enough freedom for businesses in Sri Lanka
Dec 24, 2014 (LBO) – Opposition’s common presidential candidate Maithripala Sirisena said that the government had not given enough freedom for business community of Sri Lanka to do business activities and entertain only certain businesses who supported government policy regime. œNeither the OPEC nor any other international guru or super economist couldn’t predict the oil […]
Sri Lanka SEC sets directive on IPO price
Dec 23, 2014 (LBO) – Sri Lanka Security Exchange Commission (SEC) issued a directive to be included in the Colombo Stock Exchange listing rules, which will further strengthen the SEC’s mandate for protecting investors, SEC said in a statement. Media Statement Reproduced Prior to this, entities were not required to disclose the basis of the […]
New Coin
Dec 23,2014 (LBO) – The Central Bank of Sri Lanka (CBSL) issues a commemorative silver coin of 500 rupees to mark the 150th birth anniversary of Srimath Anagarika Dharmapala in recognition of his national service, the bank said in a media release.A limited number of coins will be available for sale at a price of […]
‘s launched election manifesto today
UPFA Presidential candidate President Mahinda Rajapaksa’s election manifesto ˜Mahinda Chinthana Lowa Dinana Maga’ launched today at Colombo. Rajapaksa introduced his first manifesto at the 2005 Presidential election named Mahinda Chinthanaya and presented œMahinda Chinthana Idiri Dekma election manifesto for the 2010 Presidential election. The new manifesto launched today is based on the 2005 and 2010 […]
Violent activities targeting common opposition shows lack of democratic space under the MR regime: Karu Jayasuriya
Dec 23, 2014 (LBO) – UNP’s Karu Jayasuriya said that recent violent incidents targeting rallies and activists of the common opposition amply demonstrate the lack of democratic space under the dictatorial Rajapaksa regime. He said this issuing a statement yesterday. Media Statement Reproduced It is the best evidence of the urgent need to change course […]
‘s opposition candidate Maithripala Sirisena to cancel JKH and Packer casino licenses
Dec 22, 2014, Sri Lanka opposition candidate Maithripala Sirisena has declared to cancel the casino licenses given to John Keells Holdings and Australian James Packer, who is in the casino business.Government announced its approval for corporate income tax holidays and import duty concessions on materials, on Feb this year for Lake Leisure Holdings (Private) Limited […]
SriLankan Airlines takes delivery of its second A330-300
Dec 19, 2014 (LBO) – Sri Lanka’s national carrier SriLankan Airlines, took delivery of its second Airbus 330-300, on today, continuing its wide body re fleeting programme, the airline said in a media release. Passengers will be afforded a new flying experience whilst satisfying customer demand for increased capacity on the primary routes of the […]
Sri Lanka tops web searches on Google for the term sex
Dec 18, 2014 (LBO) – Sri Lanka has become the top nation beating India, having highest volume of internet searches for the term ˜sex’, a report released by Google trends said. Homagama, Colombo and Nugegoda topped the list of people Googling the term ˜sex’ in 2014 in the Western Province, while Kandy came the fourth […]
Human Smuggling
Dec 17, 2014 (LBO) – The Australian Government to continue its tough border protection measures to manage illegal maritime arrivals and combat people smuggling, the high commission of Australia said at a media conference held Colombo.On 26 November 2014, Sri Lanka and Australia worked together to disrupt a people smuggling venture carrying 38 Sri Lankan […]
’s HNB to establish $ 50 mn credit line with Korean Exim Bank
Dec 17,2014 (LBO) – Sri Lanka’s Hatton National Bank (HNB), a private lender entered into an agreement with The Export-Import Bank of Korea’ (KEXIM)recently to establish a revolving credit line of 50 million US dollars to finance trade between Sri Lanka and Korea, the bank said in a media release. With foreign trade between Sri […]
Sri Lanka economy will grow irrespective of prevailing political situation in the Island : Official
Dec 16, 2014 (LBO) – Sri Lanka’s economy will grow irrespective of political out come in the Island, an official said. Sri Lanka will held a presidential election on 8th of January next year. Growth in the gross domestic product (GDP) of Sri Lanka was consistently robust in the first half of 2014 to 7.6 […]