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US, Japan, France, Afghanistan new Ambassadors present credentials to President
Nov 01, 2018 (LBO) – New Ambassadors of the United States, Japan, France, and Afghanistan have presented credentials to President Maithripala Sirisena today at the President’s House, Colombo.Foreign Ministry said the United States with the concurrence of the Government of Sri Lanka, has appointed Alaina Teplitz as the Ambassador of the US to Sri Lanka […]
Sri Lanka Parliament to be reconvened on Monday as earlier scheduled
Nov 01, 2018 (LBO) – Sri Lanka’s Parliament will be reconvened on Monday as earlier scheduled, quoting the President, Prime Minister Mahinda Rajapaksa said.The date was earlier fixed for the second reading of the Appropriation Bill (Budget Speech) which may use by the new government to present the vote-on-account instead of a full budget. President […]
Teejay 6-month net profit up 20-pct to Rs.705Mn
Nov 01, 2018 (LBO) – Sri Lanka’s Teejay Lanka PLC, a textile manufacturer, has reported sales of 14.4 billion rupees and profit after tax of 704.8 million rupees at Group level for the six months ending 30th September 2018. This reflects a healthy growth of 25 percent and 20 percent respectively for the period, the […]
PropertyGuru doubles down on Southeast Asia with funding round
(PRESS RELEASE) Group bolsters its regional leadership with the new funding and full consolidation of Vietnam’s No. 1 property portal, Batdongsan.com.vn SINGAPORE, 31 October 2018 – PropertyGuru Group (‘PropertyGuru’ or ‘the Group’), Asia’s leading property technology group, today announced that it has secured S$200 million (approx.) [US$145 million] in a Series D round of funding […]
Foreign Minister meets Heads of Mission of SAARC countries
(PRESS RELEASE) – Foreign Minister Dr. Sarath Amunugama met the Ambassadors and High Commissioners of SAARC countries and their representatives at his office today (31). Heads of Mission and their representatives of Afghanistan, Bangladesh, Nepal, India, Maldives and Pakistan were present on this occasion to discuss matters of mutual interest. The Secretary to the Ministry […]
IDU Chair Former Canadian PM Stephen Harper demands Sri Lanka parliament be opened
October 31, 2018 (LBO) “We are witnessing the breakdown of democracy in Sri Lanka” The International Democrat Union is following the latest developments in Sri Lanka with grave concern. On Friday, October 26, 2018, Sri Lankan President Sirisena removed Prime Minister Wickremesinghe from his position.This move has been widely denounced as unconstitutional. The IDU stands […]
S R Attygalle assumes duties as new Secretary to Finance Ministry
Oct 31, 2018 (LBO) – Deputy Secretary to Treasury S R Attygalle who has been appointed as the Secretary to Ministry of Finance and Economic Affairs and the Secretary to Treasury by President Maithripala Sirisena assumed duties in his new post at the Ministry of Finance, Wednesday afternoon. Attygalle who is from the Central Bank […]
Bond vigilantes come to town as Sri Lanka sovereign debt tanks
October 31, 2018 (LBO) – To be updated
The army will not get involved in the constitutional crisis – AFP report
October 31, 2018 (LBO) – Sri Lanka’s army commander Mahesh Senanayake has told AFP the armed forces expected politicians to “constitutionally and legally” end the dispute.“The army will not get involved,” he said, responding to questions on the role of the military as the constitutional crisis, which is now on day 6, continues.“The police are responsible […]
Attorney General side steps Constitutional Crisis
October 13, 2018 (LBO) –
International community continues to recognise Ranil as legitimate PM – Sir Hugo Swire
October 31, 2018 (LBO) – Foreign Secretary of the United Kingdom Jeremy Hunt has indicated that he will speak to President Maithripala Sirisena and communicate to him that the international community continues to recognise Ranil Wickremesinghe as the legitimate Prime Minister of Sri Lanka. He will also request that Parliament be recalled as a matter […]
Central Bank releases publication with highlights of 2018 & prospects for 2019
Oct 30, 2018 (LBO) – Central Bank of Sri Lanka today released its half-yearly publication – “Recent Economic Developments: Highlights of 2018 and Prospects for 2019”. A summary of the performance of the Sri Lankan economy in 2018 as reflected in this publication is given below: [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2018/10/Press-Release-E.pdf” title=”Press Release (E)”]