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Sri Lanka Police Narcotics Bureau publicly destroys over 769 Kg of drugs
Apr 01, 2019 (LBO) – Over 769 Kg of narcotics which was seized by Sri Lanka’s security forces in the recent past destroyed at the Suraweera warehouse complex at Maguruwela in Kelaniya, today. The Police Narcotics Bureau destroyed the drugs as per the international standards and according to the environmental standards with the presence of […]
Rs.79,000 million loans disbursed under Enterprise SL Program
Apr 01, 2019 (LBO) – Sri Lanka’s Finance Ministry said it had disbursed 79 billion rupees to 46,673 persons under the Enterprise Sri Lanka loan scheme so far. The loan programme was launched in on June 21, 2018. The ministry says 20,286 loans had been given for housing under a scheme called ‘Sonduru Piyasa’ and […]
Huawei CEO and Founder expects revenue to touch USD125Bn in 2019
Apr 01, 2019 (LBO) – Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US 125 billion dollars in revenue. Huawei has not released its total revenue for 2018 yet, but Eric Xu, one of the rotating chairmen at the technology […]
‘s Securities & Exchange Commission files action for insider dealing
Mar 31, 2019 (LBO) – Sri Lanka’s Securities & Exchange Commission has filed an action before the Fort Magistrate’s Court against Dr. Sena Yaddehige, for dealing in the shares of Kegalle Plantations. The commission says being the Chairman of the Company, just before a 45 rupees dividend was declared by Kegalle Plantations on 10th July 2015, which […]
Prime Minister visits Hambantota Port
Prime Minister Ranil Wickremesinghe today made an observation tour at the Laugfs Gas LPG transshipment terminal and the Port in Hambantota. Prime Minister had talks with the officials of the Laugfs Gas company and Chinese officials of the Hambantota International Port Group (HIPG). He also engaged in an observation tour of the Hambantota International Airport.
Construction of Sri Lanka’s first Cold Storage complex for perishables inaugurated
Mar 30, 2019 (LBO) – The construction of Sri Lanka’s first Temperature and Humidity Controlled Warehouse Complex for Perishables was initiated today by the Economic Reforms Minister Harsha de Silva and the High Commissioner of India, Tharanjith Singh Sandu at the adjoining land of Dambulla Economic Centre. The proposed Cold Storage complex with a capacity of 5,000 […]
Parliamentary High Posts Committee approves nominations of 14 career diplomats
Mar 30, 2019 (LBO) – Parliamentary High Posts Committee has approved the appointments of fourteen career diplomats nominated by President Maithripala Sirisena as Heads of Sri Lanka Missions overseas. With these appointments, the percentage of career diplomats heading Sri Lanka Missions overseas has increased from 36.57 percent to 46 percent. Sri Lanka maintains 52 Embassies/High Commissions overseas. […]
Kottawa-Makumbura multimodal transport center opens 31st March
Mar 29, 2019 (LBO) – The Kottawa-Makumbura multimodal transport center, the first of its kind in Sri Lanka providing seamless access for passengers to connect among transport modes is to be declared open on March 31, 2019. It will be opened by President Maithripala Sirisena, with the participation of Prime Minister Ranil Wickramasinghe, […]
How will Brexit impact UK-SL trade: RIU report
Mar 29. 2019 (LBO) – The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade between two countries has been on the upsurge for the last 18 years. In this context, the GSP+ scheme under which Sri Lanka observes a great […]
Empowering women with financial independence by closing the investment gap
Mar 29, 2019 (LBO) – As Sri Lankan women join the workforce – particularly in the corporate sector – at a higher rate than ever before, a new opportunity to bridge the wealth gap is emerging as women now turn their eyes to the world of investment. These were some of the themes explored at […]
Bogawantalawa Tea set to become world’s first climate positive plantation company
Mar 28, 2019 9LBO) – After becoming the first company in the world to secure uncompensated carbon neutral certification for its tea growing, manufacturing and marketing processes, Bogawantalawa Tea Estates PLC (BTE) is now setting its sights on even loftier environmental goals. For the producer of some of the country’s finest tea, this means a […]
Sri Lankan official misrepresents discussion of UN human rights report: Bachelet
Mar 28, 2019 9LBO) – UN High Commissioner for Human Rights, Michelle Bachelet said Wednesday that a newspaper article quoting a senior Sri Lankan official “seriously misrepresents” her discussion of the recent UN Human Rights Office report1 on Sri Lanka with a Government delegation attending the Human Rights Council in Geneva on March 20. Monday’s […]