Category:
Blast incident is an attempt to make country and economy unstable: PM
Apr 21, 2019 (LBO) – Prime Minister Ranil Wickremesinghe says recent attacks occurred this morning is an attempt to make the country and economy unstable. Delivering a statement Wickremesinghe said the law will be strictly enforced against the persons those who are responsible for these attacks after finalizing the investigations. Full statement On behalf of […]
President orders swift investigations to find culprits behind conspiracy
Apr 21, 2019 (LBO) – President Maithripla Sirisena has expressed his deep pain and dismay over the brutal attacks on places of religious worship and other civilian establishments.He has instructed all law enforcement agencies to take every possible step to maintain law and order and conduct speedy investigations into the dastardly attack and bring the culprits […]
Sri Lanka Joint Chambers of Commerce condemns Easter Sunday attacks
Apr 21, 2019 (LBO) – Sri Lanka Joint Chambers of Commerce condemning the recent attacks said that they are deeply saddened by the multiple explosions that occurred this morning.“Our thoughts and prayers are with the victims, their families and all those affected by the explosions,” releasing a statement Joint Chambers of Commerce said.“We urge the authorities to […]
Sri Lanka announces island wide Police curfew; WhatsApp, Facebook blocked
Apr 21, 2019 (LBO) – Sri Lanka’s government has decided to impose an islandwide Police curfew, Defence Minister Ruwan Wijewardene said. As per the instructions of the Inspector General of Police, the Police curfew has been imposed with immediate effect. Meanwhile, the government has also decided to block social media platforms including WhatsApp, Facebook, Instagram, YouTube and […]
Explosions in Sri Lanka: Govt calls emergency defense meeting to discuss future action
Apr 21, 2019 (LBO) – Sri Lanka’s government has called an emergency defense meeting with the heads of tri-forces and Police to discuss the future course of action in connection to the explosions reported in Kochchikade, Katuwapitiya, Colombo and Batticaloa. Explosions were reported at St. Anthony’s Church in Kochchikade, Kotahena and St.Sebastian’s Church in Katuwapitiya […]
Seylan Bank’s Rs.5Bn debenture issue snapped up
Apr 25, 2019 (LBO) – Seylan Bank’s 5 billion rupee debenture Issue opened recently was successfully oversubscribed on the opening day, reflecting a strong investor confidence in Seylan. The Bank kept the Issue opened for one more day for the second and final tranche of Rs. 2 billion, which too was successfully oversubscribed on the same […]
Berendina awarded country’s first micro-financing license from Central Bank
Berendina Micro Investments Company (BMIC), the micro-finance arm of Berendina in Sri Lanka was recently granted a license to operate micro-financing by the Central Bank of Sri Lanka (CBSL), a first in the industry under the Microfinance Act No 6 of 2016. BMIC now will adhere to CBSL’s guidelines as a licensed microfinance company.The license […]
Kavan Ratnayaka appointed Chairman of National Development Bank
Apr 18, 2019 (LBO) – An Independent Director of National Development Bank (NDB), Kavantissa Danudra Weerawardene Ratnayaka has been appointed as the new Chairman of the Board of Directors of NDB with effect from today. The appointment came after the retirement of Ananda Wijetilaka Atukorala from the Chairmanship of National Development Bank with effect from […]
Google, Apple removes TikTok from app stores in India after ban
Apr 18, 2019 (LBO) – South Indian state of Tamil Nadu has requested Google and Apple to take down the Chinese-owned Tiktok video sharing app from their app stores. The move follows a ruling by the Madras High Court, which ordered its removal from app stores saying it encourages pornography and warning that sexual predators […]
ABACUS Tea unveils staple-free technology for existing tea bag machines
Abacus Tea Pvt Ltd on 9th April at the Hilton Colombo presented a ground breaking invention by making Constanta tea bag machines staple free. The breakthrough is an invention by tea bag industry veteran and Abacus Tea Pvt. Ltd Chairman, Rohan De Lanerolle, who will now give a new lease of life to over 1,000 […]
Finance Minister meets UN Secretary General Antonio Guterres in New York
Apr 18, 2019 (LBO) – Finance Minister Mangala Samaraweera who is in New York to represent Sri Lanka at the Financing for Development Forum of the UN Economic and Social Council called on the Secretary-General of the United Nations António Guterres on 16 April. At the meeting, the Secretary-General recalled his visits to Sri Lanka […]
‘s climate resilient agriculture & infrastructure services
Apr 12, 2019 (LBO) – Sri Lanka and the World Bank has signed two new agreements worth 150 million US dollars to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships. Hartwig Schafer, World Bank Vice President for the South Asia Region and Dr. R.H.S.Samaratunga, Secretary, Ministry of Finance […]