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Parliament dissolved: General elections on Apr 25th
Mar 03, 2020 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa dissolved Parliament last night calling for a General Election is to be held on April 25, 2020. The new Parliament is to meet on May 14 with nominations to be called between 12 and 19 March 2020. The Gazette notification was issued by the President […]
Opinion: Why we drink our own champagne
By Sal Laher, chief digital & information officer, IFS Both service providers as well as their customers rely on technology to help their operations and business growth. Technology can be used to break down regional barriers, and to enhance the ability to operate as one global team. Many service providers have acknowledged the need to […]
President recognizes 109 government institutions with high performance awards
Mar 02, 2020 (LBO) – On the recommendation of the Committee on Public Accounts (COPA), government bodies which have achieved a high performance level in the year 2018 were presented with awards at the Parliamentary Complex, recently under the patronage of President Gotabaya Rajapaksa. Of the 844 institutions of State, Provincial Councils and Local Government […]
Japan further strengthens Sri Lanka coast guard`s oil spill combat expertise
An expert team of five Japan Coast Guard (JCG) officials including two National Strike Team members specialized for combatting oil spill incidents and two Mobile Cooperation Team members specialized for the capacity development in Japan was dispatched to Sri Lanka for the period from 18 February to 27 February to conduct technical transfers to Sri […]
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) – Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the SEC for 13 years has been removed from the post with immediate effect. The decision to remove Wijegunawardane was by the Commissioners of the SEC SEC Director Litigation Chinthaka Mendis has […]
VIDEO: What the technicals are saying about oil, Won & 10-year yield
Paul Ciana, Bank of America technical analyst, takes a look at some of the technicals behind oil prices, the South Korean won and the 10-year U.S. Treasury yield.
‘Sancharaka Udawa’ to play pivotal role in boosting tourism industry
Mar 02, 2020 (LBO) – The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced that the 10th edition of the Sancharaka Udawa -Sri Lanka’s only travel and tourism exhibition- will be held this year at the BMICH on 15 and 16 May. The announcement was made alongside main sponsor Sri Lanka Tourism. Designed to […]
‘s healthcare expansion to diversify cash flow: Fitch Ratings
Feb 28, 2020 (LBO) – Melstacorp PLC’s foray into the Sri Lankan healthcare industry will help diversify its cash flows away from its focus on spirits over the longer term, Fitch Ratings says. Full statement Melstacorp agreed on 20 February 2020 to buy Browns Health Care (Pvt) Ltd, which operates a 70-bed multi-speciality hospital in […]
‘s oil spill combat expertise
An expert team of five Japan Coast Guard (JCG) officials including two National Strike Team members specialized for combatting oil spill incidents and two Mobile Cooperation Team members specialized for the capacity development in Japan was dispatched to Sri Lanka for the period from 18 February to 27 February to conduct technical transfers to Sri […]
Future engagement with Sri Lanka to be decided after next review in mid-April: IMF
Feb 28, 2020 (LBO) – Sri Lankan authorities have expressed interest in a range of options for future engagement with the fund, the International Monetary Fund said. Gerry Rice of the IMF Communications Department speaking at a briefing, however, said that the specifics of that engagement will be discussed after the next review in mid-April. […]
Sri Lanka decides not to go ahead with current MCC agreement
Feb 28, 2020 (LBO) – Sri Lanka’s Cabinet of Ministers has decided not to go ahead with the current Millennium Challenge Corporation Compact (MCC) agreement. Prime Minister Mahinda Rajapaksa today handed over the interim report of the 4-member committee appointed to review the MCC agreement to the Cabinet of Ministers. At the cabinet press briefing […]