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Sri Lanka port volumes up
Nov 13, 2018 (LBO) – State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in transshipment container throughput for the first nine months (from January to September) in 2018 as against the corresponding period in 2017. During the first nine months of 2018, the transshipment […]
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) – Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a growth of 141 percent over the previous year. The Company attributed the profits to strong gains from performance improvement initiatives in local operations and significant contribution […]
We will form a broader and fresh alliance to save Sri Lanka: Ranil
Nov 12, 2018 (LBO) – Sri Lanka’s ousted Premier Ranil Wickremesinghe says that the political parties of United National Front are expecting to form a new political alliance. Releasing a special statement Wickremesinghe said they are currently discussing about building a broader people’s organization to save the country from the current situation.Wickremesinghe criticized the President […]
Petitions against dissolution of Parliament: Supreme Court adjourns till tomorrow
Nov 12, 2018 (LBO) – Sri Lanka’s Supreme Court adjourned till the next day as the Attorney General asked time for his submission for the Fundamental Rights petitions filed by several parties challenging the dissolution of Parliament. Supreme Court three-judge-bench comprising Chief Justice Nalin Perera, Justice Priyantha Jayawardena and Justice Prasanna S Jayawardena fixed the […]
Sri Lanka Foreign Minister briefs Colombo based diplomats
Nov 12, 2018 (LBO) – Foreign Minister Dr.Sarath Amunugama briefed foreign diplomats based in Colombo at the Ministry of Foreign Affairs this morning.According to the Foreign Ministry, the Minister has clarified the chain of events that compelled President Maithripala Sirisena to arrive at the decision to dissolve Parliament.He has emphasized the constitutionality of the steps taken […]
Lamudi Sri Lanka launches online property guide
Lamudi Lanka Private Ltd, the premier online real estate marketplace in Sri Lanka, has recently launched a Property Guide page, as a part of the company’s efforts to increase understanding about the Sri Lankan property market. The page can be accessed through the URL, https://www.lamudi.lk/Buyers-Guide/ and provides an extensive guide for property buyers, sellers and […]
LVL Energy Fund 6-month profit exceeds previous full year profit
LVL Energy Fund PLC with an operational footprint covering Sri Lanka, Bangladesh and Nepal, recorded a strong financial performance in the first half of the current financial year, which is reflected in the company’s provisional financial results for the 6-month period ended 30th September 2018. In a remarkable achievement, its 6-month profit of LKR 461 […]
IFS celebrates 21 years of operations in Sri Lanka
IFS, the global enterprise applications company, is proud to be celebrating 21 years of operations in Sri Lanka. Having initially established its presence in Sri Lanka in 1997, IFS now employs more than 1,100 employees who work from the company’s offices in Colombo and Kandy. At a media briefing held on the 9th of November […]
John Keells Holdings (JKH) makes Rs11bn stock buyback offer
November 12, 2018 (LBO) – Shares of Colombo Stock Exchange market bellwether John Keells Holdings (JKH) were halted this morning pending announcement of a stock buyback. The company announced that it is making buyback offer for 5% of its outstanding shares at a price of Rs160/share. The price is over a 10% premium to the […]
Sri Lanka Presidents explains reasons for dissolving parliament
Nov 12, 2018 (LBO) – Sri Lanka’s president Maithripala Sirisena said the main reason to dissolve Parliament last Friday night was claims of parliamentarians being bought over. In an address to the nation late Sunday night President Sirisena said, all of you will acknowledge what a tragical situation in politics when the value of the Members […]
Karu calls upon public servants to refuse illegal orders no matter from whom
Nov 11, 2018 (LBO) – Karu Jayasuriya on Sunday called upon all public servants to refuse to execute any illegal orders they may receive, no matter from whom. “I urge all public servants who have sworn an oath to defend the Constitution to revisit that oath,” Jayasuriya said. “Our foremost duty is to the Constitution. […]
Constitutional Crisis – Samantha Power says targeted sanctions should be on the table
November 10, 2018 (LBO) – Former United States Ambassador to the United Nations and human rights expert Samantha Power has taken an aggressive stance with regards to Sri Lanka’s constitutional crisis. Making several tweets on this issue, Samantha Power has advocated for targeted sanctions on Sri Lanka if constitutional democracy is not upheld. After the […]