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MR’s statement on Missing Persons Office, a blatant attack on rule of law: AHRC
(Asian Human Rights Commission) – The statement made by Mr. Mahinda Rajapaksa the former head of state in Sri Lanka, that ‘establishing the office of the Missing Persons is a betrayal of the armed forces’ is a statement unbecoming of a former head of the state and a prominent political leader in Sri Lanka. What it […]
Sri Lanka Mackwoods Chairman responds to SEC’s directive
July 23, 2016 (LBO) – Chairman of Mackwoods Plantations Pvt Ltd, Dr Chrishantha Nonis, says the sale of 60.8 percent shares of Agalawatte Plantations PLC was carried out with due authorization and instructions being issued to the stock broker. On 14th of July, Browns Power Holdings (Private) Limited purchased 15,200,000 ordinary shares, or 60.3 percent, […]
IFC helps Sampath Bank to provide trade financing for Sri Lankan exporters
IFC, a member of the World Bank Group, is partnering with Sampath Bank PLC to provide trade financing for Sri Lankan exporters to help them access global markets and boost the country’s trade. IFC will support the bank’s trade-finance business by partially or fully guaranteeing the payment risks of its clients. IFC’s Global Trade-Finance Program […]
Opinion: Sri Lanka Dept Of Immigration And Emigration Is A National Disgrace
By Lancelot Being a Sri Lankan who has lived abroad, I have made several dozen trips to the Department of Immigration and Emigration over the past decade. I have been to the department for Passports, Visas, Dual Citizenship, and to help a friend navigate the process once or twice. A few days ago, I did […]
Sri Lanka needs more loans to face transitional period: PM
July 22, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said the government needs some more loans from countries like China, Japan and India to keep macro economic stability in the country. In an interview with Channel NewsAsia, Prime Minister said the recent 1.5 billion US dollar IMF loan is a major measure taken […]
Navy ship USS New Orleans to visit Sri Lanka this week
The USS New Orleans (LPD 18) with embarked 13th Marine Expeditionary Unit (MEU) will arrive in Sri Lanka for a port visit on July 24. The ship and embarked MEU are in Sri Lanka to increase bilateral ties with the Sri Lankan Navy and provide U.S. support and training for humanitarian assistance and disaster relief. […]
Access Engineering net up 5.1 pct, IPO for SML Frontier planned
July 22, 2016 (LBO) – Sri Lanka’s Access Engineering said group net profits grew 5.1 percent to 2.46 billion rupees in the year to March 2016, with the civil engineering firm facing a slow down in the global and local economy. The company showed a better performance with a 19.1 percent growth in net profits […]
New World Bank Country Director to visit Sri Lanka this week
Idah Pswarayi-Riddihough, the new World Bank Country Director* for Sri Lanka and Maldives is visiting Colombo this week to meet with the Sri Lankan Government, and other development partners, to discuss the status of the World Bank Group operations and how the Bank can continue to support the country’s development priorities in the most impactful […]
Sri Lanka introduces welfare register to reduce ‘ghost’ beneficiaries
July 22, 2016 (LBO) – Sri Lanka’s project management and monitoring department with ICTA has prepared a single window for an integrated social welfare register, based on the recipient’s unique NIC number. National Policies and Economic Affairs Ministry said 80 percent of data has currently been uploaded to the system and further refining is in […]
Sri Lankan rupee gains on dollar selling by state bank; stocks up
July 22, 2016 (Reuters) – The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the greenback. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 145.80/146.00 per dollar at 0544 GMT, compared with Thursday’s close of 146.30/40. “I […]
PTL Watch: Yields tick higher, some foreign buying
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‘s Prime Minister
Prime Minister Ranil Wickremesinghe met Malaysian Deputy Prime Minister Seri Ahmad Shahid Hamid at Temple Trees today.