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CIM appoints Onalie Dissanayake as new head for Sri Lanka & Maldives
The Chartered Institute of Marketing (CIM), the world’s leading professional body for marketing, has appointed Onalie Dissanayake to head up CIM in Sri Lanka and the Maldives. Onalie will lead a newly established office in Colombo supporting Sri Lanka’s more than 2,000 members and 1,500 affiliate studying members.An experienced senior figure in Sri Lanka’s education […]
Sri Lanka to present Vote on Account for 1Q 2020 instead of fully-fledged budget
Aug 14, 2019 (LBO) – Sri Lanka’s cabinet yesterday approved a proposal to present a Vote on Account (VoA) to allocate state expenditure for the first quarter of 2020 as it will be nonsensical to present a fully-fledged budget in the wake of a presidential election. Since the Presidential Election is due at the end […]
UN Special Rapporteur on Freedom of Religion, Ahmed Shaheed to visit Sri Lanka
Aug 13, 2019 (LBO) – The UN Special Rapporteur on freedom of religion or belief, Ahmed Shaheed, will carry out an official visit to Sri Lanka, from 15 to 26 August 2019. “I will look at how Sri Lanka promotes and protects the rights to freedom of religion or belief.The visit will be an opportunity […]
Sri Lanka’s Hayleys to issue listed debt
Aug 13, 2019 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the debt securities of Hayleys PLC. Hayleys said in a stock exchange filing that the company expects to raise 3 billion rupees by the issue of 20 million five-year debentures at 100 rupees each with an option to issue […]
Arpico Finance partners with mCash to offer digitalized payments
The revolutionary mobile money platform, mCash, which is transforming the country’s electronic payments landscape, has partnered with Arpico Finance PLC to offer customers the facility to make payments via mCash. As a result of this partnership, Arpico Finance Company PLC customers can make their finance and leasing payments via mCash with much more convenience. Customers […]
‘ll never allow anyone to infringe sovereignty of Sri Lanka: Gotabaya (Full Speech)
Venerable Maha Sangha and religious dignitaries from the Christian, Hindu, Islamic and other faiths.5th Executive President of Sri Lanka, HE Mahinda Rajapaksa, Honourable Members of Parliament and other public representatives, Party Leaders.Professionals, War Heroes, Artistes, Media Personnel, Representatives of National Organisations, Trade Unions. Those of you who represent every corner of our motherland. All patriotic […]
Our candidate will be next president of Sri Lanka, not Gota: Mangala
Statement by Mangala Samaraweera M.P. Earlier today, former President Mahinda Rajapaksa announced the presidential candidate for his family’s new political party, the Sri Lanka Podujana Peramuna (SLPP). For weeks he refused to confirm the circulating rumours about who the candidate would be.I have known Mahinda Rajapaksa for many years.We worked together side-by-side in the Sri […]
Mahinda officially names Gotabaya as their presidential candidate
Aug 11, 2019 (LBO) – Opposition Leader Mahinda Rajapaksa today officially named former Defence Secretary Gotabaya Rajapaksa as the presidential candidate of Sri Lanka Podujana Peramuna. Leadership of the party ceremoniously handed over to Mahinda Rajapaksa during the inaugural convention held at the Sugathadasa Indoor Stadium. Speaking at the National Convention, ex-President Rajapaksa said that […]
Opinion: Ranil vs Gotabaya is a victory for the Nation
August 10, 2019 (LBO) – Tomorrow, August 11th 2019, is Gotabaya Rajapaksa’s day to shine. At what portends to be a massive political rally, his brother, former President cum Opposition Leader Mahinda Rajapaksa will take over officially as the leader of the SLPP. The SLPP is Sri Lanka’s new major political party founded on the […]
Sri Lanka official reserves at USD 8.3bn by end July; YTD rupee appreciation 3.1-pct
Aug 09, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,343.9 million US dollars by the end of July, down from 8,864.98 million US dollars in June, latest Central Bank data showed. By the end of July, foreign currency reserves were 7,366.8 million dollars while the reserve position in the IMF was 65.8 million […]
Sri Lanka industrial production up by 2.2-pct in Jun 2019
Aug 09, 2019 (LBO) – Sri Lanka’s industrial production has increased by 2.2 percent in the month of June compared to the same month in 2018, new data show. Among the manufacturing industries; volume of products of ‘manufacture of paper and paper products’ (42.7%), ‘manufacture of coke and refined petroleum products’ (22.3%) and ‘manufacture of […]
Sri Lanka looking at establishing direct flights to Cambodia
Aug 09, 2019 (LBO) – Sri Lanka is looking at the possibility of establishing direct flights to Cambodia and to enhance tourism and trade between the two countries. President Maithripala Sirisena, who is on a state visit to Cambodia, held a meeting with Cambodian Prime Minister Samdech Akka Moha Sena Pakdei Techo HUN SEN yesterday […]