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Unilever Sri Lanka partners with Ja’pura University to nurture corporate leaders
In line with its notable objective of nurturing and empowering a generation of future corporate leaders, Unilever Sri Lanka recently signed an MoU with the Marketing Department of the University of Sri Jayawardenapura. The newly formed synergy will reaffirm Unilever’s commitment to developing a repertoire of skills and competencies among undergraduates across Sri Lanka, and […]
Sri Lanka inflation hits high of 5.6-pct in October 2019
Nov 22, 2019 (LBO) – The National Consumer Price Index (NCPI) for all items for the month of October 2019 was 131.9, an increase of 1.3 index points or 1.0 percentage compared to September 2019. The overall rate of inflation as measured by NCPI on year‐on‐year basis is 5.6 percent in October 2019 and inflation […]
‘s Interim Cabinet sworn-in
Nov 22, 2019 (LBO) – Sri Lanka’s President Gotabaya Rajapaksa on Friday appointed the interim cabinet of the caretaker government that will remain in place till the next General election. Prime Minister Mahinda Rajapaksa – Minister of Finance, Economic Affairs, Policy Development, Buddha Sasana & Religious Affairs, Cultural, Water Supply & Urban Development, Housing Facilities Nimal […]
Beware of online scams, protect bank passwords & PINs: Central Bank
Nov 21, 2019 (LBO) – Sri Lanka’s Central Bank warns public that it has received information regarding several types of financial frauds and scams being operated through social media, and Internet-based applications. Full Statement Beware of online scams – Protect your bank passwords and PINs The Central Bank of Sri Lanka has received information regarding […]
Central Bank expresses its strong objection to statement released by Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka’s Central Bank says that it strongly objects to the statement released by Fitch Ratings today as it depicts the complete opposite of the realised positive market response, followed by the assumption of duties by the President. Releasing a statement, the Central Bank said the domestic foreign exchange market, […]
Mahinda Rajapaksa sworn in as Prime Minister of Sri Lanka
Nov 21, 2019 (LBO) – Former President Mahinda Rajapaksa on Thursday took oaths as the new Prime Minister of Sri Lanka before his younger brother President Gotabaya Rajapaksa at the Presidential Secretariat. Ranil Wickremesinghe officially informed the President today that he resigned from the PM post to allow the new President to form a caretaker […]
Gotabaya released from all indictments filed over D A Rajapaksa memorial case
Nov 21, 2019 (LBO) – President Gotabaya Rajapaksa has been released from all indictments filed over the alleged misappropriation of public funds for the construction of the D A Rajapaksa Memorial. The Permanent High Court’s Trial at Bar also decided to lift the overseas travel ban imposed on Rajapaksa and to release the impounded passport. […]
Sri Lanka election result increases policy uncertainty: Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka’s presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal weaknesses and a rollback of reforms, Fitch Ratings says. However, whether these risks materialise remains to be seen as a clear policy direction may only start to emerge after parliamentary elections. Gotabaya Rajapaksa of the […]
‘s resignation statement (English)
November 21, 2019 (LBO) – Ranil Wickremesinghe released a brief statement on his impending resignation as Prime Minister. The 5 time PM’s recent 5-year tenure was tarnished by the actions of former President Maithripala Sirisena, whose erratic and unconstitutional actions lead to a breakdown in national security and downturn in the economy. Despite having to […]
I decided to resign from the post of Prime Minister: Ranil Wickremesinghe
Nov 20, 2019 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says that he has decided to resign from the post of Prime Minister, allowing the new President to form a new government. Making a special statement, he said that he will announce this to the President tomorrow (21). “I met President Gotabhaya Rajapaksa on […]
Opinion: Time for Ranil Wickremesinghe to crack the whip
November 20, 2019 (LBO) – Gotabaya Rajapaksa is the President of Sri Lanka. The former Defence Secretary won the just concluded Presidential election with a massive majority of over 1.3mn votes. His leading contender, former UNP Deputy Leader Sajith Premadasa, was not even able to garner 42% of the total vote, while Rajapaksa secured over […]
Russian Navy training ship arrives at port of Hambantota
Nov 20, 2019 (LBO) – Russian Navy training ship ‘Perekop’ arrived at the port of Hambantota on a goodwill visit yesterday and she was welcomed by the Sri Lanka Navy in accordance with naval traditions. A delegation comprising the Defence Attaché of the Embassy of the Russian Federation in Sri Lanka, Colonel Denis I.Shkoda and […]