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We will vote for No Confidence Motion to oust PM: SLFP Media Spokesman
Apr 04, 2018 (LBO) – Contrary to the statement made by State Minister A.H.M. Fowzie, Media Spokesman of the SLFP, State Minister Dilan Perera told LBO that they will vote for the no confidence motion to oust Prime Minister Ranil Wickremesinghe. State Minister A.H.M. Fowzie earlier in the morning told LBO that the party has […]
No Confidence Motion: Fowzie says SLFP decides to abstain from voting
Apr 04, 2018 (LBO) – Sri Lanka Freedom Party has decided to abstain from voting at the no confidence motion against the Prime Minister, State Minister A.H.M. Fowzie told LankaBusinessOnline. Minister Fowzie said few SLFP parliamentarians who wanted to vote against the no confidence motion in favor of Prime Minister, will also have to abstain from voting. The […]
ODEL launches bold & colourful ‘Printastic’ Summer 2018 collection
(PRESS RELEASE) – If summer is the season to get out there and make a statement, ODEL’s exciting summer collection is designed to set its shoppers apart in their choice of clothing and accessories. Tribal prints, splotches of bold colour and ethnic designs distinguish ODEL’s ‘Summer 2018’ collection aptly named ‘Printastic.’ Inspired by anthropological prints […]
Sri Lanka CB cuts policy rate ceiling by 25bps
Apr 04, 2018 (LB0) – Sri Lanka’s central bank has decided to reduce the Standing Lending Facility Rate (SLFR), which is the upper bound of the policy interest rate corridor of the Central Bank, by 25 basis points, a statement said. The Monetary Board was of the view that the favourable developments in the economy […]
Blue Ocean Group of Companies has grown into versatile conglomerate
Blue Ocean Group of Companies Blue Ocean Group of Companies has grown into a versatile conglomerate over the years. The evolution of the group is significant because the Group has achieved growth and profit harmoniously and not by taking part in the aggressive competition in the field. Blue Ocean Group of Companies engage in Real […]
CSE & National Stock Exchange of India sign MoU to advance collaboration
The Colombo Stock Exchange (CSE) and the National Stock Exchange of India Limited (NSE) have signed a memorandum of understanding (MoU) focused on exploring opportunities to work together and co-operate with each other to foster a deeper and more strategic relationship. The MoU was signed at the CSE today by CSE Chairman Mr. Ray Abeywardena […]
Sri Lanka targets pharmaceuticals self-sufficiency with new zone
Apr 03, 2018 (LBO) – Efforts to increase domestic and foreign investment in Sri Lanka’s pharmaceuticals industry is set to boost output, Oxford Business Group (OBG) said in its recent Sri Lanka economic update. OBG said latest measures will also broaden the sector’s product range, bringing the country closer to the government’s goal of self-sufficiency […]
Benefits of AWS Cloud Computing
Amazon Web Services(AWS) offers a secure cloud service platform, with ample compute power, database storage and myriads of other services that are vital to aiding a business scale and grow. To keep it short here’s why you need to join AWS and a few of the benefits it holds in store for your business.By the […]
New IR act most progressive in SA, Will bring in extra Rs.60Bn in revenue
Apr 03, 2018 (LBO) – Sri Lanka’s Finance ministry says the government expects to earn a an additional revenue of 60 billion rupees each year through the new Inland Revenue Act (IRA). “This year, we expect the government to rake in 30 billion rupees,” S.R. Attygalle, deputy secretary of the Finance and Mass Media Ministry said. […]
SriLankan Airlines gets new board and chairman
Apr 02, 2018 (LBO) – A new board of directors has been appointed to SriLankan Airlines with Ranjith Fernando as the Chairman. Other Board members include Mano Thittawella, Susantha Katugampala, Dr. Roshan Perera and Air Marshal Kapila Jayampathy. The Government has appointed a Ministerial Subcommittee under Prime Minister Ranil Wickremesinghe and a top-level official committee headed by Treasury Secretary […]
Ceylon Dollar Bond Fund opens its doors to local investors
Ceylon Dollar Bond Fund (CDBF) investing in Sri Lanka Development Bonds (SLDBs), Dollar Sovereign and Bank Bonds, is now eligible to accept investments from any local individual or company. All Personal Foreign Currency Account (PFCA) holders (formerly NRFC, RFC, RNNFC, SFIDA etc.) or Business Foreign Currency Account (BFCA) holders (formerly FEEA, Exporter’s Foreign Currency Accounts […]
Sri Lanka seeks New Zealand expertise in tourism
Apr 02, 2018 (LBO) – Sri Lanka has sought expertise from New Zealand in developing the country’s adventure tourism segment and improving high end hospitality training. The request for expertise was made by Tourism Development Minister John Amaratunga during his keynote address at the inauguration of the 4th New Zealand Trade Mission Meeting which commenced […]