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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 […]
Turkey: Your next destination for business
Nov 20, 2019 (LBO) – The Ceylon Chamber of Commerce in association with the Embassy of Turkey in Sri Lanka will be organising a presentation on “Turkey – Your Next Destination for Business”, followed by a networking session at the Ceylon Chamber of Commerce on 2nd December 2019, at 4.00 p.m. On the invitation of […]
Ceylinco Life unfazed by conditions, posts impressive 9-month results
PBT up 54.8% to Rs 5.8 billion on net income of Rs 22.8 billion Net premium income grows 5.5% to Rs 13.3 billion Life Fund increases by 4.8% to Rs 92.3 billion Ceylinco Life has posted robust income and profit growth for the nine months ending 30th September 2019, continuing the Company’s sector-leading performance into […]
EASA extends SriLankan Engineering’s maintenance certification
Nov 19, 2019 (LBO) – The European Aviation Safety Agency (EASA) has extended an important certification of SriLankan Engineering, the aircraft Maintenance-Repair-Overhaul (MRO) arm of SriLankan Airlines, following a comprehensive audit. The reaffirmation of the EASA Part-145 certification strengthens SriLankan Engineering’s positioning as a key provider of aircraft maintenance and engineering services for airlines throughout […]
Softlogic Life Corporate Office moves to One Galle Face Tower
Marking a new era of unprecedented growth and top-of-the-line service ethos, Sri Lanka’s fastest-growing Life Insurer Softlogic Life has moved its Corporate office to One Galle Face Tower, an international-grade business tower in the heart of Colombo. The strategic move to a spanking new Office Building will include the Corporate Office of the Financial Services […]
‘s mandate and support General Elections
November 19, 2019 (LBO) – SLPP Parliamentarian Namal Rajapaksa has called on the UNP to support the dissolution of Parliament so that a General Election can be held. In order for Parliament to be dissolved before February, 2/3 of the 225 legislators must vote for dissolution. Reports have indicated that in order to respect the […]
S R Attygalle appointed Secretary to the Treasury & Finance Ministry
Nov 19, 2019 (LBO) – Former Central Bank Deputy Governor S R Attygalle has been appointed as the Treasury Secretary and Secretary to the Ministry of Finance. Former Treasury Secretary P B Jayasundera was appointed as the President’s Secretary. Jayasundera received his appointment letter from President Gotabaya Rajapaksa today. Oshada Senanayake was appointed as the […]
Peaceful electoral process marred by an uneven playing field: EU election observators
Nov 18, 2019 (LBO) – The European Union election observation mission (EU EOM) has concluded that the presidential election was largely free of violence and technically well-managed, but that unregulated campaign spending, abuse of state resources and media bias affected the level playing field. Presenting the mission’s preliminary statement in Colombo, Chief Observer Marisa Matias […]