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Parliament to reconvene on the 14th of November
Nov 05, 2018 (LBO) – President Maithripala Sirisena has decided to reconvene the Parliament on November 14. The Gazette notification on reconvening the Parliament has been issued a short while ago. The President by virtue of the powers vested in him by Article 70 of the Constitution prorogued Parliament with effect from 27 October 2018 […]
Harsha tweets on crossover bribery allegations (VIDEO)
November 4, 2018 (LBO) –
Constitutional Crisis – close to $ 100mn flees stock/bond markets last week
November 4, 2018 (LBO) – In the first full week of Sri Lanka’s constitutional crisis, foreign investors in Sri Lanka’s capital markets ran for the exits with nearly US0mn leaving the stock/bond markets during the past week.For the year 2018, the total net foreign outflow from Sri Lanka’s stock and bond markets totals Rs117bn.This is […]
‘s President to allow Parliament vote ASAP
November 3, 2018 (LBO) –
Nations Trust Bank records post-tax profit of Rs.2, 918Mn
Nov 02, 2018 (LBO) – The Bank closed the nine months ending 30th September 2018 with a post-tax profit of Rs.2, 918Mn with standing multiple challenges as witnessed across the industry with increasing non-performing loans, tightening of liquidity and moderating credit growth which particularly hindered the performance for the quarter. The Bank realigned its resources in […]
Foreign Minister Amunugama says “no justification for changing Travel Advisories”
Nov 02, 2018 (LBO) – Foreign Minister Dr. Sarath Amunugama, said that there was no justification for the Travel Advisories issued by a few countries since there have been no incidents of violence or disruption in the country following the recent events. The Minister made these observations when he met with the leading inbound tour operators, […]
Parliament to be reconvened on Wednesday not Monday
Nov 02, 2018 (LBO) – Sri Lanka’s Parliament will be reconvened on Wednesday the 7th of November and not Monday as earlier scheduled, the speaker has been informed by the President. A Gazzette to this effect will be issued soon. The President by virtue of the powers vested in him by Article 70 of the […]
Sri Lanka moves up 11 notches in Ease of Doing Business Index 2019
Nov 02, 2018 (LBO) – Sri Lanka rose 11 notches in the Ease of Doing Business index 2019 being ranked 100 among 190 economies, the World Bank said. Sri Lanka has carried out four reforms which included making dealing with construction permits easier, while the introduction of online systems made it easier to pay taxes. […]
Finance Minister introduces changes to WHT, VAT, Income Tax, Telecom Levy
Nov 01, 2018 (LBO) – Sri Lanka’s Prime Minister as the new Finance Minister has given direction to implement a range of initiatives to revive the economy including the changes introduced for WHT, VAT, Income tax and Telecommunication Levy. The Finance Ministry said necessary Gazettes for these tax-related proposals will be issued today and Cabinet approval […]
Sri Lanka Finance Minister cuts fuel prices under new economic programme
Nov 01, 2018 (LBO) – Given the impact of fuel pricing on all strata of the society especially those engaged in transport, agriculture and fisheries sectors, prices of fuel have been reduced with effect from midnight today.Accordingly, Petrol (Octane 92) will be reduced by 10 rupees per litre, Auto Diesel by 7 rupees per litre […]
Sri Lanka’s President appoints more ministers
Ministers appointed by the President Maithripala Sirsena today: Duminda Dissanayake: Minister of Irrigation, Water Resources and Disaster Management Dayasiri Jayasekara: Minister of Skills Development and Vocational Training Piyasena Gamage: State Minister of Youth, Women and Child Affairs Lakshman Senewiratne: State Minister of Defence M. L. A. M. Hizbullah: State Minister of Highways and Road Development Mohan […]
‘m honored to serve as US Ambassador to Sri Lanka at this critical moment: Teplitz
Nov 01, 2018 (LBO) – Ambassador Alaina B. Teplitz officially began her tenure as the U.S. Ambassador to Sri Lanka today after presenting her credentials to President Maithripala Sirisena. The ceremony was held at the President’s official residence. Ambassador Teplitz was accompanied by her husband, Robert Saul. “I am honored to serve as the U.S. Ambassador […]