Category:
Opinion: Sri Lankan Airlines, to sour or to soar?
By J. Lorenz May 16, 2016 (LBO)- During the 2005 -2015 period Sri Lanka’s privatisation programme came to a halt, and there was a wave of expansion in state businesses. State owned enterprises grew from 107 SOEs in 2009 to 245 SOEs in 2014. At the same time the number employed grew from 140,500 to […]
Oil drillers bet three-month crude rally nearing end
May 16, 2016 (LBO) – Oil drillers are betting a three-month rally in oil prices is coming towards an end, with inventories running at all-time highs. West Texas Intermediate oil, the benchmark U.S. crude, has gained more than 75 percent since hitting a 12-year low in mid-February, Bloomberg reported. Brent Crude was trading at 47.80 […]
Rajagiriya flyover work to commence July 2016: Harsha
May 16, 2016 (LBO) – Work on the proposed Rajagiriya Flyover will commence from July 2016 and be completed by 2018, a senior official said. “It gives me great pleasure to announce that as an interim solution to the total traffic solution in the Megapolis plan, we will soon start work on the Rajagiriya Flyover,” […]
Samantha Power meets former President Chandrika Kumaratunga
U.S. Permanent Representative to the United Nations Ambassador Samantha Power met with former Sri Lankan President Chandrika Bandaranaike Kumaratunga, currently Chairperson of Sri Lanka’s Office of National Unity Reconciliation (ONUR), and Mano Tittawella, Secretary-General for Coordinating Reconciliation Mechanisms, on May 11, 2016, at the Sri Lankan Mission to the United Nations in New York. Ambassador […]
Sri Lankan community in France to receive solutions for consular issues
Embassy of Sri Lanka in Paris successfully concluded the first ever consular forum conducted by the Department of Immigration and Emigration in Paris with a view to address issues faced by the Sri Lankan Community in France pertaining to issuance of passports, registration of birth, citizenship certificates and issuance of dual citizenship certificates. On an […]
Roshan Perera appointed to LAUGFS Leisure Board
Roshan R. Perera was appointed to the board of LAUGFS Leisure Limited at the recently held Board Meeting. LAUGFS Leisure is a subsidiary of LAUGFS Gas PLC and owns and manages the Anantaya chain of luxury resorts. Roshan joined LAUGFS Leisure as the CEO last year and is a veteran in the leisure sector, having […]
Ex-Sri Lanka captain Mahela Jayawardena appointed to ICC Cricket Committee
May 13, 2016 (LBO) – Ex-Sri Lanka Captain Mahela Jayawardena has been appointed to the ICC Cricket Committee, adding more cricketing experience to the Committee, the International Cricket Council said. Apart from Jayawardena, Former India captain Rahul Dravid has also been appointed to the Committee. Dravid and Jayawardena have played 1,161 international matches between them […]
PTL Watch: Yields tick higher to three-week high
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/05/PTL-Daily-Market-Report-13th-May-2016.pdf”]
CSE Chairman Chairs 4th SAFE Executive Committee Board Meeting in Mumbai
Mr. Vajira Kulatilaka, the Chairman of the Colombo Stock Exchange (CSE), in his capacity as the Chairman of the South Asian Federation of Exchanges (SAFE) recently chaired the 4thSAFE Executive Committee Board Meeting and Ideas Workshop held in Mumbai. Leaders representing capital markets across South Asia were present at the event to discuss the vision […]
Sri Lanka’s SEC blocks share transaction of Blue Diamonds
May 13, 2016 (LBO) – Sri Lanka’s securities regulator on Friday blocked a share transaction related to the chairman of Blue Diamonds Jewellery Worldwide following a possible violation of laws. As per the statement issued by the Securities and Exchange Commission (SEC), earlier this week Xia Liqiang, the Chairman of Blue Diamonds has disposed 15,146,200 […]
Sri Lanka seeks foreign assistance to trace stolen assets: President
May 13, 2016 (LBO) – Sri Lanka’s government is currently in the process of seeking information and assistance from foreign countries to trace stolen assets, President Maithripala Sirisena said addressing the Anti-Corruption Summit in London. President Sirisena appreciated the support and cooperation extended to Sri Lanka by several countries including UK, USA, India and Switzerland […]
Turkish biz delegation expresses interest to invest in Sri Lanka
A Turkish business delegation led by H.E..Tunca Ozcuhadar, Ambassador of Turkey in Sri Lanka met the Board of Investment of Sri Lanka on 09th of May 2016 at the head Office of BOI. Senior officials from the BOI, Embassy officials and the Turkish delegation participated at this meeting. The Turkish visiting delegation comprised of different […]