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Sri Lanka Central Bank clarifies reports on expenses incurred by Governor
June 06, 2016 (LBO) – Sri Lanka’s Central Bank has clarified media reports about expenses incurred by the Governor. “It has been reported in the media that allegations had been made by members of the Parliamentary opposition that the Governor of the Central Bank has misused public funds.” “The CBSL wishes to state that neither […]
SriLankan Airlines enters codeshare deal with Qatar Airways
June 06, 2016 (LBO) – Members of oneworld alliance Qatar Airways and SriLankan Airlines have strengthened their cooperation with a new bilateral codeshare relationship which will offer customers additional convenience and flexibility. Qatar Airways said in a statement that both airlines will codeshare on each other’s operations between their hubs – Qatar Airways’ thrice daily […]
France Foreign Minister reaffirms support for Sri Lanka’s GSP +
Foreign Minister Mangala Samaraweera, on a three day official visit to Paris, from 1st to 3rd June 2016, reiterated his commitment to elevate the bilateral partnership with France to a higher level in all spheres of co-operation strengthening the existing bonds of friendship between the two countries. At bilateral discussions with Jean – Marc Ayrault, […]
Sri Lankan rupee up as IMF approves USD1.5 bln loan
June 6 (Reuters) – Sri Lankan currency gained on Monday as investor sentiment got a boost after the International Monetary Fund approved a three-year, $1.5 billion loan over the weekend, in a move that is expected help support the country’s reform agenda. The IMF executive board has approved the loan, the global lender said on […]
Sri Lanka’s JVP to vote for no-confidence against Finance Minister
June 06, 2016 (LBO) – Sri Lanka’s Marxist Janatha Vimukthi Peramuna (JVP) today said the party will vote in favor of the upcoming no-confidence motion against Finance Minister Ravi Karunanayake. The no-confidence motion handed over in March by the Joint Opposition will be taken up for debate on Wednesday and the vote will be taken […]
PTL Watch: Yields dip on mid-tenor bonds
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SriLankan Airlines joins global crackdown on illegal wildlife trade
SriLankan Airlines on Thursday 2nd June joined a landmark worldwide drive to crack down on the illegal global trade in wildlife that has brought many of the world’s rare species close to extinction. SriLankan was among several international airlines which pledged their full support for the ʻUnited for Wildlifeʼ initiative, at the annual general meeting […]
Kia introduces Sri Lanka to its latest addition to iconic range
Kia Motors (Lanka) has announced that the new Kia Soul, the Korean car marker’s inimitable compact crossover SUV, has arrived in Sri Lanka exclusively for enthusiasts who believe that a car must have a distinct character and soul. Considered one of the most widely recognised and individualistic models in the Kia Motors vehicle line-up, the […]
Global economies stuck in low growth trap, Policy makers need to keep promises: OECD
Jun 06, 2016 (LBO) – The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path, the OECD’s latest economic outlook says. “Growth is flat in the advanced economies and has slowed in many of the emerging […]
Sri Lanka to set up University for Police and Criminal Justice
June 06, 2016 (LBO) – Sri Lanka’s government is looking to establish a separate University for Police and Criminal Justice similar to that of the Melbourne Deakin University, Prime Minister Ranil Wickremesinghe said. “This university is not based on the university structure of Sri Lanka or United Kingdom,” the Prime Minister emphasized. “This will be […]
Sri Lanka falling short on HRC commitments, says report
June 06, 2016 (LBO) – Sri Lanka is falling short on commitments made at the Human Rights Council on addressing the legacy of war and implementing peace and reconciliation measures, the Sri Lanka Campaign said, releasing a score-card on steps taken so far. The government responded to OHCHR Investigation on Sri Lanka (OISL) findings by […]