Sri Lankan artist exhibition inspired by fashion to open CFW

Mar 10, 2017 (LBO) – Under the theme ‘Celebrate Colombo,’ Colombo Fashion Week (CFW) will include a new initiative called ‘Art Connect’ which will exemplify the connection between the creative streams of Fashion and Art, its organizers said. Art Connect will be the first of the series of events during the week of CFW and […]

PM reveals progress of Presidential Commission of Inquiry

Mar 09, 2017 (LBO) – Sri Lanka’s Presidential Commission of Inquiry has carried out in-depth investigations into 400 complaints to date and investigations into 49 complaints have been finalized, Prime Minister Ranil Wickremesinghe revealed. The special commission was appointed by President Maithripala Sirisena on March 3rd, 2015 to investigate and inquire into serious acts of […]

Muhunthan Canagey appointed CEO/MD of ICTA for second term

The Information and Communication Technology Agency (ICTA) of Sri Lanka has appointed Muhunthan Canagey as CEO & Managing Director for a second term . Canagey was first appointed to the board of ICTA with the change of government in February 2015 as the Managing Director and Chief Executive Officer to head the Agency. He was […]

COPE should inquire transactions of Templeton fund in Sri Lanka: Harsha

Mar 09, 2017 (LBO) – Sri Lanka’s Committee On Public Enterprises (COPE) should investigate the transactions carried out between the US-based Franklin Templeton Fund and Central Bank in the past, Deputy Foreign Minister Harsha de Silva said. De Silva confirmed to reporters Wednesday that close to 500 million US dollars have been taken out from […]

Dutch elections next week to have implications for EU

Mar 09, 2017 (LBO) – The Dutch will vote in a general election next week that will focus the world’s attention on trends in populism and the future of the European Union. The election on March 15 is a dead heat between Geert Wilders, leader of the populist Party of Freedom (PVV), and Prime Minister […]

Indonesia, Sri Lanka to strengthen trade and economic ties

Mar 09, 2017 (LBO) Sri lanka’s President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal for a free trade agreement between the two countries among the topics discussed. The meeting between the two leaders commenced following a cordial discussion, a statement from the Sri […]

Nimal Perera resigns as director from several companies

Mar 08, 2017 (LBO) – High net worth investor Nimal Perera has resigned as a director of several companies, as per disclosures to the Colombo Stock Exchange. Wickramaratne told reporters Wednesday that discussions with regard to the subject of airlines is a complex matter to be deal with. generic “There were eight bidders initially then […]

Chinese delegation inspects Hambantota port, airport during fact finding mission

The Board of Investment of Sri Lanka recently hosted a delegation consisting of senior officials from Chinese People’s Political consultative Conference of Shanghai (CPPCC). The delegation consisted of 6 senior officials of the communist party of China (Shanghai chapter) and was led by Mr. Xu Yibo, Vice Chairman of the CPPCC Shanghai Committee. The delegation […]

S&” rating on Sri Lanka

Mar 08, 2017 (LBO) – Standard and Poor global ratings affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka while keeping a ‘negative’ outlook unchanged, a statement said. “High external debt, and low reserves continue to make Sri Lanka vulnerable to external shocks. Other rating constraints on Sri Lanka include the […]

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