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Susantha Ratnayake retires from Ceylon Tobacco Company
Aug 01, 2018 (LBO) – Chairman of the Ceylon Tobacco Company, Susantha Ratnayake has retired from the company with effect from yesterday after the completion of his term of five years as the Chairman and six years as a Non-Executive Independent Director.“During his tenure as a Director and Chairman of the Board, the Company as well […]
‘s Finance Minister raises taxes on small vehicles
Aug 01, 2018 (LBO) – Sri Lanka’s Finance Minister has signed the gazette notification to amend the excise duties of vehicles below 1000cc category with effect from 01 August 2018, the Finance Ministry said.Accordingly, a unit tax of 1.5 million rupees will be taxed for a motor car below 1000cc while a unit tax of 1.25 million rupees will […]
Ceylon Today offers unreserved apology to Kumar Sangakkara
August 1, 2018 (LBO) – Newspaper Ceylon Today has offered an apology to Kumar Sangakkara for misquoting him on a front page article speculating about his presidential ambitions.The episode created a stir on social media, which has been abuzz with speculation on Sangakkara after cricket legend Imran Khan’s party emerged victorious in Pakistan’s general election.The […]
Ranatunga, de Silva deny match-fixing charges
Jul 31, 2018 (LBO) – Sri Lanka’s World Cup winning captain Arjuna Ranatunga and deputy Aravinda de Silva denied allegations made by former Cricket chief Thilanga Sumathipala that they accepted bribes from an Indian bookmaker. “Not 15,000 dollars, but we could have made 15 million dollars if we threw the world cup,” the 1996 World […]
Sri Lanka inflation up 5.4-pct in July
Aug 01, 2018 (LBO) – The year on year inflation as measured by CCPI is 5.4 percent in July 2018 while inflation calculated for June was 4.4 percent, data shows. The CCPI for all items for the month of July 2018 was 125.8 and it records an increase of 0.4 index points that is 0.29 percentage […]
Felicitation ceremony for Minister Rajitha after appointed as a Vice President of WHO
Health Minister Rajitha Senaratne has been felicitated for his services to the health sector at a ceremony held at the Nelum Pokuna Theatre today.He was given the post of vice president of the World Health Organization for a one year term at the annual sessions in Geneva in May.President Maithripala Sirisena and Prime Minister Ranil […]
Sri Lanka ranks first out of 76 countries in early initiation of breastfeeding: UNICEF
July 31, 2018 (LBO) – Sri Lanka has been ranked number one out of 76 countries in the UNICEF’s latest ranking of early initiation of breastfeeding. The report titled ‘Capture the Moment’ released today shows that 90.3 percent of Sri Lanka’s newborn babies are subjected to early initiation of breastfeeding. According to the report, nearly […]
Sri Lanka vehicle population grew by 7-pct in 2017; import expenditure up 5-pct
July 31, 2018 (LBO) – Sri Lanka’s motor vehicle population grew by 7 percent to 7.2 million in last year with import expenditure on motor vehicles also showing 5 percent growth, the annual report on the country’s motor vehicle market published by the Ceylon Chamber showed. According to the report, the year 2017 saw a […]
Commonwealth Secretary General to arrive in Sri Lanka tomorrow
July 31, 2018 (LBO) – Commonwealth Secretary-General Patricia Scotland QC will arrive in Sri Lanka on Wednesday, for a four-day official visit, the Foreign Ministry said. This will be her first visit to the country since she assumed the Office of Secretary-General in April 2016. On 01 August, the Secretary-General will call on Prime Minister Ranil […]
Sri Lanka launch tourist-friendly Tuk Tuk service
Jul 31, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe launched the country’s first ever tourist-friendly Tuk Tuk service at Galle Face Green, Monday. The project is implemented under the Budget proposals presented by Finance and Media Minister Mangala Samaraweera for the year 2018. Ministers Mangala Samaraweera, Japanese Ambassador in Sri Lanka Kenichi Suganuma, […]
Damro’s opens Rs 12.5Bn Marino Mall and hotel in Colombo
Jul 31, 2018 (LBO) – Damro Group opened the 12.5 billion rupee Marino Mall and Beach Hotel in Colombo 3, adding 289 star class rooms to Colombo’s hotel inventory, Monday. “We have invested over Rs 12.5 billion to build and open this hotel with 289 rooms including two suites,” Damitha Ramanayake, chairman and founder of Damro Group […]
United Motors (UML) reports another profit decline, despite vehicle import boom
July 30, 2018 (LBO) – Colombo Stock Exchange (CSE) listed United Motors Lanka (UML) reported revenue and profit declines for the quarter ended June 2018. UML reported profit of just Rs94mn on revenue of Rs3.34bn. Profits were down 17% and revenue was down 14% year over year for the quarter. Profits of UML have been […]