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Celebrate the victory peacefully and with restraint: Mahinda Rajapaksa
MEDIA RELEASE Celebrate the victory peacefully and with restraint Reports coming in from all corners of the island, indicate that the Sri Lanka PodujanaPeramuna is heading for a historic victory at the local government elections. I wish to express my heartfelt thanks to the voting public of Sri Lanka who have reposed their trust in […]
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn • Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, Friday 9th February 2018, its consolidated financial results for the year ended […]
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri and Consumer Goods sector results • Healthcare revenue up 3.3% YoY to Rs. 6.0 billion • Strong growth in Consumer Goods, revenue up 27.4% YoY to Rs 3.8 […]
Auditor General reveals Rs826bn off balance sheet items of previous regime
Feb 09, 2018 (LBO) – Auditor General’s Department has found out that 826 billion rupees received during Rajapaksa regime, had not been included in the financial statements. These off balance sheet items include certain debt balances of Puttalam Coal Power Plant, Hambanthota Port and Mattala International Airport payable by the government.Auditor General’s latest report on […]
Sri Lanka debt sustainability: public debt Rs8.9tn; assets Rs1.1tn
Feb 09, 2018 (LBO) – Auditor General’s Department says even if the total amount of domestic and foreign debt payable by the government as at 31 December 2016 stood at 8.9 trillion rupees, in financial statements, the value of the total assets only shows 1.1 trillion rupees. Their latest report on the public debt management […]
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) – The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its database on issuance of domestic debt and international commercial borrowings on behalf of the Government and also the information it received from ministries. “Attention of […]
Colombo Stock Exchange records Rs4bn in net foreign purchases last month
CSE Feature Interview: CSE records strongest ever start to a year in terms of Foreign Investment Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January – a new record for the first month of any given year. The […]
Tamil group urges action on Sri Lankan Brigadier Priyanka Fernando
Feb 08, 2018 (LBO) – A group called Transnational Government of Tamil Eelam has urged UK Government not to allow Brigadier Priyanka Fernando from leaving to face war crimes charges in UK. Fernando making throat-slitting gestures at protesters outside the Sri Lankan High Commission in London on Sri Lanka’s Independence Day sparked debate. Brigadier Fernando, […]
Virtusa Showcases Innovation and Tech Prowess at Tech Month
(PRESS RELEASE) – Virtusa announced the launch of “Virtusa Tech Month”, a celebration of the company’s innovative spirit and technology leadership, at its Colombo Advanced Technology Center recently. Bringing together Virtusans from across various practices and domains including Healthcare, Communications, Media and Information Industries (CMI), Banking and Financial Services (BFS) and FinTech, the event seeks […]
PDO seeks feedback of beauty culture entrepreneurs to develop sector
Feb 08, 2018 (LBO) – Policy Development Office of the Prime Minister’s Office is currently seeking feedback from beauty culture entrepreneurs to identify the issues in the sector.Policy Development Office (PDO) said there is a high response rate for the ongoing island wide survey regarding the field of beauty-culture. Data analyzing process is yet to […]
Lanka Property Web to hold second successive show
Feb 08, 2018 (LBO) – Lanka Property Web.com will be hosting for the second successive year Sri Lanka’s largest property show, scheduled to be held on February 16th and 17th at the Kingsbury Hotel. Over 20 exhibitors are expected to participate at this year’s event, the web site said issuing a statement.Visitors will be able to view […]
Sri Lanka tea prices up in January 2018
Feb 08, 2018 (LBO) – Sri Lanka’s tea prices at auctions in January averaged 640.05 rupees and shown a growth of 43.79 rupees from an year ago, Forbes and Walker Tea Brokers said. Prices of teas from all three elevations rose during January with the biggest gains in the high grown varieties. “Total Auction average […]